Satoshi was a black woman, blockchain entrepreneurs talk financial inclusion on Juneteenth. In a wide-ranging Friday conversation, panelists at the event said that crypto has the potential to allow citizens to opt out of what they described as a racist Wall Street financial system. That said, the panelists added that for this to happen, black people and people of color need to be part of the technology growth.
Isaiah Jackson, founder of the KRBE Digital Assets Group and author of Bitcoin & Black America, said he believes Black investment in digital assets would create a more resilient system than Black Wall Street, a Black business district that was burned down by white mobs during the 1921 Tulsa race massacre.
“You can’t burn down cryptocurrency and blockchain technology,” Jackson said. “I want to encourage everyone to stay vigilant and make sure you start to move your money and savings out of this failing system. … We need to make sure we use censorship-resistant and scarce-money systems such as bitcoin.”
Sinclair Skinner, the co-founder of pan-African bitcoin remittance firm BitMari, agreed, saying the ethos of bitcoin and the ethos of the Black community are aligned.
“We say that Satoshi is Black,” Skinner said. “But Satoshi was probably a Black woman because a man would have never been able to walk away and not take credit.”