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The Cryptic Nature of Black Consumer Cryptocurrency Ownershipwww.kansascityfed.org/research/payments-system-research-briefings/the-cryptic-nature-of-black-consumer-cryptocurrency-ownership/
31 sats \ 2 comments \ @987654321 28 Oct 2024 bitcoin
From the Kansas City Fed.
As @Bell_curve has pointed #742928 out there are two Federal reserve banks in Missouri.
The writings on Bitcoin are like night and day...
Owning cryptocurrency has become especially popular among Black consumers for reasons related to historical context as well as the forward-looking views of young consumers. While cryptocurrencies have the potential to meet Black consumers’ expectations, they also pose risks to privacy and financial security.
Here "Cryptocurrency" is considered a problem because "Black" consumers don't trust the banks.
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10 sats \ 1 reply \ @Bell_curve 28 Oct 2024
Blacks lack the ability to assess risk and make their own decisions. Thank god for the Federal Reserve Bank of Kansas City who can do it for them
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21 sats \ 0 replies \ @987654321 OP 28 Oct 2024
I know so many people from Africa (Fresh of the boat) to mixed families. And I cringe at the term black, even though I use it myself. I hate it when the government or cabals (NGO) use it because they always lump people together and they as Thomas Sowell points out are usually manufacturing data.
Like, I'm "white" but I'm also practicing a lot different habits than my family. More so as Bitcoin pleb I know maybe 10 white people who have Bitcoin and I know more non-"white" Bitcoin plebs not in person but through networks.
Shitcoiners do aim for anyone and everyone but again I have argued with them all and I care less about color than I do graft.
Individuals make decisions not populations. Furthermore over seas you can spot an American easy and they have an air about themselves regardless of skin tone.
It's central planning but strangely enough the St. Louis Fed seems to be the smarter organization and the Kansas City Fed not so much.
I'll need to get this theory but Saint Louis has 85 posts on Bitcoin and Kansas City has 11 with an emphasis on crypto not Bitcoin or Bitcoin is just another crypto.
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