NPR hawking crypto — Puff piece saying crypto helps BIPOC

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wow, this is so messed up. Targeting an already financially struggling minority group that has historically not had equal access to education around finance and investing vehicles? And then telling them crypto, a highly volatile and risky product, is some kind of solution? There are great, easy to understand educational resources provided by brokerage firms and online that can direct new investors without experience towards securities that can help them achieve their goals. Hawking crypto as a solution to income disparity between racial groups is deeply unethical.

What about self accountability? I mean investing is risky for everyone. What about focusing on choices individuals choose to make and sort of not infantilism them in perpetuity.

I don't have an issue with individual accountability. What I do have an issue with is the hypocrisy of hucksters claiming victimhood and moral superiority as justification for something that would ultimately contribute to the further victimization of the people it is being marketed to.

[Anonymous]

I mean, they're not wrong. Traditional banks have discriminated against women and minorities forever. So anything that challenges traditional banking and monetary systems can be positive for bipoc. But the most important thing is financial literacy for BIPOC so we can make informed decisions

[Anonymous]

Anonymous wrote:I mean, they're not wrong. Traditional banks have discriminated against women and minorities forever. So anything that challenges traditional banking and monetary systems can be positive for bipoc. But the most important thing is financial literacy for BIPOC so we can make informed decisions

I believe it's the disconnect between the scale of the problem and the risky nature of the proposed solution. Modern-day financial and banking systems do not discriminate against minorities and women to a degree that would justify investing in cryptocurrency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I mean, they're not wrong. Traditional banks have discriminated against women and minorities forever. So anything that challenges traditional banking and monetary systems can be positive for bipoc. But the most important thing is financial literacy for BIPOC so we can make informed decisions

I believe it's the disconnect between the scale of the problem and the risky nature of the proposed solution. Modern-day financial and banking systems do not discriminate against minorities and women to a degree that would justify investing in cryptocurrency.

There's still much discrimination. It's systemic. But I don't know if the answer is crypto.

[Anonymous]

Anonymous wrote:wow this is just … major anti-vaxxer vibes.

“FADEL: I mean, the perception is, is that crypto is much more volatile than traditional markets. Is that the case?

MESIDOR: Again, depending on your relationship with money, depending on your relationship with traditional finance. As a Black woman who has a master's degree, who's middle class, the traditional financial markets is riskier to me than cryptocurrency is. I have never been able to fully participate.”

DISGUSTING!

[Anonymous]

Anonymous wrote:I mean, they're not wrong. Traditional banks have discriminated against women and minorities forever. So anything that challenges traditional banking and monetary systems can be positive for bipoc. But the most important thing is financial literacy for BIPOC so we can make informed decisions

Please stop! This is utter bs and you know it!
The alternative to discriminatory practices at traditional banks is not risky ponzi schemes that further divest minorities of what little wealth they have.

This BIPOC crypto scamming is part of a large scheme to rope in new ponzi members and somehow they think BIPOCs are easy targets. Also see Jay-Z "financial literacy program" scamming people who live in housing projects.

https://www.theguardian.com/music/2022/jun/17/jay-z-bitcoin-school-marcy-houses

[Anonymous]

Everyone who has a cent to invest needs to read the “Intelligent Investor” before doing so. Period, end of story.

Regarding crypto, it’s a scam. There is nothing a crypto currency can do that a fully digitized dollar can’t and tons digitized money can do the crypto will NEVER be able to touch.

[Anonymous]

So apparently this NPR piece falls under the “predatory inclusion” banner. The fact that most crypto atms are in Le income minority communities also seems suspect…

https://www.nytimes.com/2022/12/17/opinion/crypto-ftx-crash-celebrity.html?smid=nytcore-ios-share&referringSource=articleShare

[Anonymous]

Anonymous wrote:So apparently this NPR piece falls under the “predatory inclusion” banner. The fact that most crypto atms are in Le income minority communities also seems suspect…

https://www.nytimes.com/2022/12/17/opinion/crypto-ftx-crash-celebrity.html?smid=nytcore-ios-share&referringSource=articleShare

It's pretty obvious crypto is a scam relying on poor people putting money in and then being comfortable with losing it because it's "risky." Look at El Salvador making the working class accept Bitcoin wages and small business owners take payment in Bitcoin. So many rich people are on it that they even bought off NPR to get POC to trust in the scheme.