Jay-Z and Jack Dorsey criticized for launching ‘Bitcoin Academy’ in Marcy Projects.

[BronxBomber]

Bra, first off



Master's degree!!! To me, that's a great accomplishment. Congrats on that. Much respect. 100 on everything you said. Keep striving to be your best brother.

fam you know we been rocking long time now! Appreciate it but it’s like that being said, the bread ain’t in the degree anymore unless it’s a specialized and EVEN then you have to have the literacy.

It’s cats in this thread arm chair quarterbacking and having low level collegiate conversations. Black folks gotta play like this chip. We need ALL the education we can get. Starting with self discipline.

Btw how is business?

 

[Madrox]

It’s crazy you say that because I was speaking to a accountant that said doctors and dentists were the first to lose everything during the recession because of financial illiteracy. They make so much money that they just spend, spend spend.

Lifestyle inflation is real... wealth is what you're actually able to keep and/or buy time with and many folks who earn a lot live paycheck to paycheck, living a lifestyle they can technically "afford" but not really putting anything away or properly planning for a future or end game.

You could be making 50k but living w/in or below your means, saving/investing the difference, and have a higher net worth and more actual wealth than someone making triple that.

MAD folks around me don't break it down like that.. Another reason basic financial literacy is so important.

 

[An RnB Thug]

I'm struggling to understand WHY he's getting bashed about this?
Hahahahaha
This is GREAT NEWS

 

[djpolo]

fam you know we been rocking long time now! Appreciate it but it’s like that being said, the bread ain’t in the degree anymore unless it’s a specialized and EVEN then you have to have the literacy.

It’s cats in this thread arm chair quarterbacking and having low level collegiate conversations. Black folks gotta play like this chip. We need ALL the education we can get. Starting with self discipline.

Btw how is business?

I'm retired. Retired from the Army. My only business is trying to stay healthy & not fall apart. Bra, I admire anyone who goes to school and sticks to it. Its shows that person has drive and wants to be better. I had a guy at my clinic put me to sleep. I said thanks Doc, he laughed and said man I'm not a doctor. I said bra, I'm putting my life in your hands, you a doctor to me. 6 or more years of your life dedicated to higher learning, that speaks volumes regardless of what field you choose. My brother, I am all about building folks up not beating em down. Even if they be on some BS IMO, energy is in "everything" You say something bad about a person, it has to go somewhere in the universe. Why not make it positive. I don't do negative energy bra. Thats why I have Charlie Chaplin in my sig. Everything he said in that quote is real. Don't care if he was some corny white dude. Stay motivated brother.

 

[HeathCliff]

459 followers

 

[HeathCliff]

173 followers

 

[HeathCliff]

"I taught you how to be financial literate so what's your excuse now for being poor..use what I taught you and lift yourself outta poverty nigga"

@gene cisco

344 followers

 

[HeathCliff]

Man I can easily repost some random bot's weirdo's thoughts from twitter and share them as absolute truths if I wanted to too. No blue check, no face in the profile, no nothing.

 

[Supersav]

Man I can easily repost some random bot's weirdo's thoughts from twitter and share them as absolute truths if I wanted to too. No blue check, no face in the profile, no nothing.

Yes blue checks and thousands of followers make what's being said factual. Duh here y go



8k followers

 

[Bad Andy]

Lifestyle inflation is real... wealth is what you're actually able to keep and/or buy time with and many folks who earn a lot live paycheck to paycheck, living a lifestyle they can technically "afford" but not really putting anything away or properly planning for a future or end game.

You could be making 50k but living w/in or below your means, saving/investing the difference, and have a higher net worth and more actual wealth than someone making triple that.

MAD folks around me don't break it down like that.. Another reason basic financial literacy is so important.

This is so true, I had a whiteboy tell me to take a course on financial literacy. He told me to take the course with my girl at the time because it would not only help us financially but keep us on the same page goal wise. Our goal was to buy a house. She didn't like who the message was coming from so she didn't listen. By the time I bought the house she had no money saved, no proper job or good credit. She asked me if I put all the bills in my name because it would be easier to kick her out? I said yep!

 

[mangobob79]

when the crypto madness settles , the ones in the know-how of how the "technology" works will be in the forefront of the next wave innovation, "crypto" is bigger than tokens...what a way to handicap the future ahead of us by being so myopic , gawd! i keep forgetting im on a porn board

 

[moblack]

This is so true, I had a whiteboy tell me to take a course on financial literacy. He told me to take the course with my girl at the time because it would not only help us financially but keep us on the same page goal wise. Our goal was to buy a house. She didn't like who the message was coming from so she didn't listen. By the time I bought the house she had no money saved, no proper job or good credit. She asked me if I put all the bills in my name because it would be easier to kick her out? I said yep!

Why you laying up with a woman with "no proper job or good credit" ? You took a financial literacy course and you messing up your money in the easiest way. Fucking with a broke useless woman. She get pregnant and she will ruin all your finances.

 

[trstar]

"I taught you how to be financial literate so what's your excuse now for being poor..use what I taught you and lift yourself outta poverty nigga"

@gene cisco

Exactly.
train those who are willing, so they can make a decent wage

 

[Winslow Wong]

Check out this financial expert's opinion...

Warren Buffett wouldn't buy 'all of the bitcoin in the world' for $25: 'It doesn't produce anything'

Buffett didn't mince his words when he was asked if he had changed his famously negative views on bitcoin or crypto.

www.cnbc.com

Warren Buffett wouldn’t buy ‘all of the bitcoin in the world’ for $25: ‘It doesn’t produce anything’

I respect Warren Buffett but some of the richest people in the late 1800s didn't see the innovations of the 1900s coming and I don't think Warren is catching the innovations off the 2000s - I was a skeptic but bottomline - the reality is that innovation and technical change is going to happen and you could at least learn about it then make a rational, educated decision - like warren Buffet has done - or you can just "use your gut" and say all Crypto is bullshit

 

[Bad Andy]

Why you laying up with a woman with "no proper job or good credit" ? You took a financial literacy course and you messing up your money in the easiest way. Fucking with a broke useless woman. She get pregnant and she will ruin all your finances.

I took the course. Thats why I said she was my girl at the time. All the bills in my name was the writing on the wall, I cut her loose.

 

[Mixd]

Umm...
He may wanna switch that course to Ethereum courses or anything else right now.

 

[darth frosty]

Check out this financial expert's opinion...

Warren Buffett wouldn't buy 'all of the bitcoin in the world' for $25: 'It doesn't produce anything'

Buffett didn't mince his words when he was asked if he had changed his famously negative views on bitcoin or crypto.

www.cnbc.com

Warren Buffett wouldn’t buy ‘all of the bitcoin in the world’ for $25: ‘It doesn’t produce anything’

Sorry my apologies gentlemen.

Looks like a bullshit meme account, thanks to Brother @RoomService for pointing it out!

Spoiler: Bullshit meme account

Didn't these old fools say they wouldn't buy BTC?

Why loan to crypto hedge funds?!?

 

[Non-StopJFK2TAB]

Didn't these old fools say they wouldn't buy BTC?

Why loan to crypto hedge funds?!?

How large is the Buffet portfolio?

 

[shaddyvillethug]

Wow

 

[fu2]

Didn't these old fools say they wouldn't buy BTC?

Why loan to crypto hedge funds?!?

Lol

If they said they wouldn't, they did and it's worse than you think.

If they say they did, it's definitely worse than you think.

 

[Supersav]

Wow

You know this is fake news lol

 

[darth frosty]

Lol

If they said they wouldn't, they did and it's worse than you think.

If they say they did, it's definitely worse than you think.

Sorry my apologies gentlemen.

Looks like a bullshit meme account, thanks to Brother @RoomService for pointing it out!

 

[Louis Koo]

financial illiteracy is real. you can throw together a bunch of numbers to dazzle people, and they will confirm their own bias and think they are financially literate.


from another BGOL thread

I’ll use numbers to illustrate the point. The numbers are rough, and not exact.

If you buy a house worth $1m and pay 2.4% interest that’s let’s say $24k a year, or $2,000 a month.

Now the interest rate jumps to 7.2%. Now if you bought a $1m house, you’d pay $6k a month.

Typically when rates rise like this, housing prices drop. But in order for the housing price to drop so much so that you’d be paying less than the $2,000 a month you’re paying now (i.e. getting a better deal) the house price would have to drop 68%, to $320,000.

Even in the most horrible market, a 68% drop is almost unheard of.

As for inflation, they say that we are poised for A 10-15% inflation rate, annually. That’s bad, but that just means that you’re really paying $2,300 a month, in current dollars, not $2,000.

So in short, no inflation would not wipe out the gains you get from getting an extremely low rate.

A different, yet related point is that your house may be “under water” or have negative equity. That is a big problem if you need to move/sell the house. So you’re stuck in the house, that’s the downside.

The upside is that you are paying less (monthly) than you would if you were tryingto buy the exact same house today.

 

[babygwirl18]

Bitcoin is a Ponzi scheme. The price of Bitcoin is based solely on what someone else will pay for it. So long as people continue to believe the price will go up, it will.

Unfortunately, like all Ponzi schemes at some point people realize that there is no underlying value, and it drops to basically zero. The crash usually happens quickly and suddenly.

When you’re in the middle of an active Ponzi scheme, people can make money. And if you get out at the right time, you can even make a fortune from a Ponzi.

The entire premise behind Bitcoin is contradictory. The idea is that it is a new currency. But for a currency to provide value, it has to be stable - ie, it can’t jump 20% in a month.

Think about what would happen if you tried to buy an iPhone with Bitcoin. You put in the order today, when the Value in Bitcoin is $1000. The phone is shipped a week later, but Bitcoin went up by 15%. So you really paid $1150 for it.

Because of fluctuations like this, people don’t buy things with Bitcoin. They know they can lose money if they use it for anything other than an investment.

The only way for it to be valuable (to society) as a currency, is for it to stop jumping up in value. The paradox is, that if it didn’t jump in value, no one would want to own/use it.

For all those that made money in it, good for you. Anyone invested in it long-term should be prepared to lose every

 

[donwuan]

We agree.

But what they don't tell you outright is that if you wanna generate wealth, it takes money to make money. If you don't have enough money to invest, then the only option is to generate more income. That's gonna be hard for a lot of people.

I see some low income people with $5000 income tax checks every year. Just stack one for one year and you have $10000 to get something popping.

 

[Supersav]

financial illiteracy is real. you can throw together a bunch of numbers to dazzle people, and they will confirm their own bias and think they are financially literate.


from another BGOL thread

Oh ok

 

[moblack]

I see some low income people with $5000 income tax checks every year. Just stack one for one year and you have $10000 to get something popping.

Its how I've bought every home that I've owned. Plan on doing it this year when I file and get my return. Want to pick up a rental to get in on these good rental rates.

 

[Mixd]

So this aged well...

​

 

[TENT]

Excellent! Very well said. Summed it up perfectly.

Bitcoin is a Ponzi scheme. The price of Bitcoin is based solely on what someone else will pay for it. So long as people continue to believe the price will go up, it will.

Unfortunately, like all Ponzi schemes at some point people realize that there is no underlying value, and it drops to basically zero. The crash usually happens quickly and suddenly.

When you’re in the middle of an active Ponzi scheme, people can make money. And if you get out at the right time, you can even make a fortune from a Ponzi.

The entire premise behind Bitcoin is contradictory. The idea is that it is a new currency. But for a currency to provide value, it has to be stable - ie, it can’t jump 20% in a month.

Think about what would happen if you tried to buy an iPhone with Bitcoin. You put in the order today, when the Value in Bitcoin is $1000. The phone is shipped a week later, but Bitcoin went up by 15%. So you really paid $1150 for it.

Because of fluctuations like this, people don’t buy things with Bitcoin. They know they can lose money if they use it for anything other than an investment.

The only way for it to be valuable (to society) as a currency, is for it to stop jumping up in value. The paradox is, that if it didn’t jump in value, no one would want to own/use it.

For all those that made money in it, good for you. Anyone invested in it long-term should be prepared to lose every

 

[ViCiouS]

So this aged well...

​

Jack Dorsey, Jay-Z Sued Over Block Inc. Data Breach, ...

Billionaires Dorsey, McKelvey Profited From Block’s ‘Rampant’ Fraud, Hindenburg Alleges

The report caused Block to nearly instantly lose about a fifth of its market value.

www.forbes.com

 

[jasonblacc]

To quote meth

“sign of times/ behind every fortune is crime”

 

[Mixd]

Jack Dorsey's fortune plunges $562M as short-seller accuses his payments company Block of turning a blind eye to criminals using it for MURDER, drug deals and sex trafficking

Jack Dorsey's fortune plunges $562M as short-seller targets Block

Hindenburg Research on Thursday disclosed its short position in Block and released findings from a two-year investigation, alleging the company 'misled investors on key metrics'.

www.dailymail.co.uk