The Agenda Podcast talks about the importance of financial literacy and education in Part 2 of a conversation with BTC attorney and entrepreneur Naja Roberts.
Can Bitcoin Help Black Americans Create Wealth in a Country That Has Been Historically and Deliberately Deprived? Podcast Agenda recently sat down with Bitcoin educator and entrepreneur Naja Roberts to explore this question.
In Part 1 of the Feb. 1 conversation, Roberts hosted Jonathan DeYoung and Ray Salmond in Bitcoin
This may be the greatest opportunity for black Americans to close the nation’s wealth gap. He emphasized the importance of local financial sovereignty and control over their own money.
In Part 2 of the Feb. 15 conversation, DeYoung and Salmond spoke with Roberts about fostering financial literacy, the challenges of running community-focused crypto exchanges, and how they work with kids and teens to prepare them for blockchain- for the purpose of the. a technological revolution already.
Confidence and self-defense
While Bitcoin can offer a path to self-sufficiency, Roberts strongly believes that investment moves should be accompanied by financial literacy best practices: “Never invest more than you can afford to lose. That’s the basic rule.” He emphasized that Bitcoin is not a “get-rich-quick” method, adding, “be very careful when investing, because not all coins are created equal, and many of these coins are created take out to money your account. “.
Roberts points out that financial literacy is rarely a subject taught in schools, which she believes is done by design.
“If you have people who don’t know any better, they’re not going to do well. And you still have people working in this country and they don’t understand that they’re working for money rather than putting money to work.” to them. So the few people who get that memo. So we are in this new digital country.” Going farther, education should be the foundation for both children and adults.”
Roberts pushed the importance of education as brick and mortar bitcoin exchanges have two elements: Bitcoin Bank is a for-profit exchange, while Crypto Blockchain Plug is a non-profit educational center that teaches people the ABCs of BTC. However, the corporate focus on self-hedging and lack of client assets created some challenges for Roberts, who explained that finding banking partners was difficult.
“They said I have to make at least $1 million a day. I don’t get a million dollars a day. I don’t do some of the things that these other exchanges do to line their pockets, because we take money from individuals immediately and give them bitcoins immediately. We don’t have their bitcoins. We teach them to be independent from day one.”
Crypto is for kids
While many adults are skeptical about crypto or simply do not understand it, Roberts says children and young people intuitively understand the potential of blockchain. He runs Crypto Kids Camp, an educational program for urban and rural children and youth, where he teaches participants the latest technologies such as non-trivial tokens (NFT), virtual reality and drones.
In Roberts’ experience, “digital currency is second nature to them” because “they’re already using it in video games.” They buy things with Robux and they’ve done everything.”
Ultimately, Roberts means for kids and their parents to learn that new technology opens up new opportunities for growth and success. “We instill all of this in kids’ brains early on,” Roberts added.
“Our kids need to learn these technologies so that as they grow older and their parents are watching them, they need to be able to maneuver in the spaces that are most important to them, not what we parents want or want . for teachers, because it is not good. […] What we want to do is expose kids to all aspects of technology so they can pick and choose what works best for them and what interests them. Then that parent will take that and have something to build on.”
To hear more from Roberts, be sure to check out Cointelegraph’s new podcast page, tune in to the full episode of The Agenda on Spotify, Apple Podcasts, Google Podcasts or TuneIn, and check out Cointelegraph’s other new features.