2016-07-08-1
Bitcoin’s advent has revealed how antiquated the banking system and fiat money are.

As a banker you provide capital for consumption. The liquidity and growth of a system using bitcoin comes from the risk/reward shared by all parties involved. Although you are your own banker, no man is an island. Collaboration is a must as bankers.

This model will naturally bring the parties involved closer together in a communal sense. If you do good, we do good. If you do bad, we do bad and vice versa. Partnership is the way to strengthen our bonds and grow our economy as a community.

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Black founders are, in general, more in need of outside financial support. For many people of the African Diaspora, the “friends and family” plan for raising seed money, which so many founders rely on — asking parents, aunts, uncles and grandparents for support to get their ideas off the ground — isn’t an option, because their family members don’t have the resources to offer such funds. While white families in the U.S. have on average $100,000 in net worth, African American families, for example, have on average just $7,500. However, collective African American net income (spending power) now exceeds $1 trillion dollars annually. If current trends persist, it will take 228 years for black families to accumulate the same amount of wealth as whites. For Latino families, it will take 84 years. We can change that quickly! The collective bitcoin held by the African diaspora is a distributed treasury to fund enterprise within the community.

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