Jay-Z hawking Bitcoin is so embarrassing

[the bossman]

The average income of folks in the Marcy projects is below the poverty line for NYC

Actual financial literacy would tell you someone at that income does not have the stability to make speculative investments

Promotion of skills training would have clearly been a better alternative

There is a reason that the academics and policy folks concerned with employment and poverty are not trying to use crypto as a solution and it's not because they are "haters"

The only reason someone would try to get underemployed populations to take classes on crypto this is to boost the value of their own portfolio which is why this is a blatant scam

The posters in here defending this are just wave riders who hope the scam works because they are also invested

Basically you're saying poor people should never be taught about investing. It's not for them. It's only for people with money. The cac mentality some of yall have when you get a little money is telling

 

[Double Burger With Cheese]

It’s not even like he’s forcing people to go. I think it’s just a one week, free crash course on crypto currency. I’m sure he’s going to give them some stock to start off with and let them do with it what they will

You got people in here taking down on folks and stereotyping people cause they live in the projects. Acting as if people don’t know how to think for themselves. It’s a classism issue on the coli. The funny thing is, these nikkas be bout broke as fukk trying to be boujee.

 

[Supa]

It means crypto is over valued so you are more likely to lose money. You can make money in dice games but I wouldn't recommend it...

Markets are down across the board. If the fear of losing money drives you away from investing than your figure out how to overcome that and invest smarter.

When I started in 2017 I turned hundreds into $7500 in a less than two months. Everyone was saying Bitcoin to $50,000 and a few were saying the market would correct and go down. It crashed and my 7k was $1500. I wasn't hurting for money since I only invested a small amount and was still up on my investment. Mentally I was fukked up letting money skip through my hands but I just didn't understand how markets worked. I sat through a two year bear market of no gains. Had a coin or two go to zero even but that's all part of the process. I learned and got better so when the market finally went back up I was eating. My risk is basically zero because I only invest in crypto off what I made in profits. I haven't spent my own money in years.

This shyt isn't supposed to be easy. If it was everyone would be rich. The point is not to fold or listen to the noise. As long as there's money being made you should be getting it.

 

[Dorian Breh]

Basically you're saying poor people should never be taught about investing. It's not for them. It's only for people with money. The cac mentality some of yall have when you get a little money is telling

Speculative investing is for clowns. Even if you are in the mythical 1%, speculative investing is a poor usage of your funds and time.

There is a difference between investing and speculative investing and if you were truly financially literate you would know that.

Furthermore, my issue is about the utility of this endeavor. There are much better uses for these education funds than tricking people into wasting their money on speculative investments.

 

[null]

And yet somehow a fake investment has outperformed REAL investments

Yall can stand on your squares and claim it's a ponzi, it's gambling, or whatever narrative you choose. If you haven't put $1 into cryptocurrency you really don't know what you're talking about and are just speaking from an uneducated bias.

the Internet has a lot to answer for ...

by your measure the EURO went to 10 trillion USD plus (notional) in a second e-grow.

and oh .. is that all inflation adjusted?

 

[Dorian Breh]

so you don't think the free food or free wifi, free kids camp is going to help them?
there is nothing saying anybody has to invest

I'm saying that spending funds on education about crypto currency would be better spent on skills trainings.

And that anyone paying attention could see that.

So the reason I'd imagine someone would do this sort of "education" instead of skills training is greed and self interest.

 

[bourgeoisie tall freak]

I'm saying that spending funds on education about crypto currency would be better spent on skills trainings.

And that anyone paying attention could see that.

So the reason I'd imagine someone would do this sort of "education" instead of skills training is greed and self interest.

jay does all that other shyt too! google

so many post about what crabs "rather see jay doing" ... he does all that shyt!

the ignorance is just shameful

 

[Dorian Breh]

jay does all that other shyt too! google

so many post about what crabs "rather see jay doing" ... he does all that shyt!

the ignorance is just shameful

Does he?

So he's got a skills training program targeting the Marcy Houses that he's promoting right now?

He's currently using his clout and authority to try to steer young men and women in the Marcy Houses to get training for a sustainable, long term career?

 

[maxamusa]

Thread is some real hater shyt. Jay does a lot of good deeds for other emcees and the community. Being that status must be difficult...damned if you do damned if you don't. Salute HOVA

 

[Tres Leches]

i see none of yall read up on other countries , currency collapse and hyperinflation ask people from venezuela , Argentina , Lebanon , Zimbabwe or turkey what the real ponzi is

 

[King Poetic]

I don’t know his plan or what it intels just by a article

But if he promoting education on finances on all kinds from money to bitcoin I don’t see no problem… as long as it help the few who want to get educated about it’s a good thing

I wish when I was growing up late 80s, into the 90s we had folks tell us kids about finances

 

[bourgeoisie tall freak]

Does he?

So he's got a skills training program targeting the Marcy Houses that he's promoting right now?

He's currently using his clout and authority to try to steer young men and women in the Marcy Houses to get training for a sustainable, long term career?

see what i said was to google but you just want to try and clap back. you would have seen the shawn carter foundation

"The mission of the Shawn Carter Foundation is to help individuals facing socio-economic hardships further their education at post secondary institutions."
About | Shawn Carter Foundation

 

[Uncouth Savage]

Jay wold make way more money INVESTING in the negative future of these kids....
investing in prisons....homeless shelters.....drug programs....funeral parlors....liquor stores

you know?....like what a lot of the "hustlers" of our community do...
not drug dealers....
yet the pastors, frat guys, businessmen etc

it is in certain peoples interest that those kids fail and they profit off them...

 

[Supa]

Basically you're saying poor people should never be taught about investing. It's not for them. It's only for people with money. The cac mentality some of yall have when you get a little money is telling

People who have made a grand total of $0.00 off cryptocurrency and never even opened a Coinbase account want to tell others there's no money to be made.

Then they get mad when you try to put black folks on game.

thecoli.com

 

[bourgeoisie tall freak]

for people who actually want to know what jay-z impact on social issues are (instead of being a gossipy goof) here $2.5M worth of what the roc nation/nfl partnership has pledged as of may 2021 (not including prior years, not including his other endeavors, not including beyonce's causes)


NFL extends support for nine social justice organizations in ongoing push to ‘Inspire Change’

The NFL's social justice grant hassupportedAlabama Appleseedin continuing to challenge Alabama's "three-strikes" law, which has resulted in life sentences for hundreds of people convicted of non-homicide crimes and has the potential to impact 26,000 people in Alabama prisons. Appleseed has won the release of several clients originally sentenced to die in prison, including Ron McKeithen who was released after serving 37 years for a robbery and had his first art show in April.

The grant renewal will assistCity Yearin bolstering their Whole School Whole Child program which helps more than 220,000 students at systemically under-resourced schools in 29 cities build key academic, social and emotional skills needed to succeed in college and their career. Young leaders like Noemi Vasquez Moreno serve as "student success coaches" making a difference in the lives of students while acquiring valuable skills and experience that prepare them to become leaders working across lines of difference.

Council on Legal Education Opportunity, Inc. (CLEO) will be able to continue bringing greater diversity to the legal profession through its flagship Prelaw Summer Institute, an intensive, multi-week program for diverse, first year law students to prepare them for the academic rigors of law school and increase their overall chances of successful matriculation.

Community Justice Exchange makes an impact fighting to end money bail and pre-trial detention on the local and national level. The NFL grant will increase their funding to free more than 10,000 individuals annually.

Social justice grant renewal funding helped Gideon's Promise train 300 total summer law clerks amid the pandemic – a 1,400 percent increase over the original 20 clerks planned pre-COVID. Renewal funding will assist in expanding their mentoring program for public defenders and providing them access to resource materials that allow them to secure the release of incarcerated people. Dee Glickman and Charlotte Heyrman shared their experiences and gratitude for the community built as a result of this program (video).

Metropolitan Family Services will put social justice grant funding towards Communities Partnering for Peace (CP4P), a comprehensive, collaborative intervention model that reduces homicides and shootings, reclaims safe community spaces, and professionalizes the street outreach field. Most recently, Metro Family Services conducted Community Police Academy trainings across five districts of the Chicago Police Department.

Operation HOPE will be able to scale their work in providing credit and money management, financial wellness programming and economic resilience coaching to individuals, families and small businesses from our most vulnerable communities. In 2020, Operation HOPE's financial wellbeing coaches provided 231,383 financial empowerment services to adults nationwide through its credit, small business, homeownership, and disaster recovery programs; and educated 3,531 youth through its Banking on Our Future program.

UNCF's support to expand education and end the prison pipeline through by focusing on Pell Grants for incarcerated individuals has benefited many, including North Carolina native Jason Jones who received a degree from Wiley College while he was incarcerated. Because of this degree, Jones secured a higher paying position in his role at a Steel Manufacturer.


VOTE can continue their efforts in advocating for voter registration, including registering individuals with a felony conviction, and serving as a direct hub of communication between incarcerated people, their families, lawyers, media, elected officials and the Department of Corrections. With social justice grant funding, they launched the VOTE Institute for Policy to train members in legislative policy advocacy and hired a Women's Re-Entry Specialist – a formerly incarcerated woman herself – to spearhead the transitional housing project specifically for women.

@Dorian Breh