The Cookout

[Rollie Forbes]

I am neither endorsing nor refuting Dr. Umar's thoughts on cryptocurrency. I don't know enough about Bitcoin to do either. For those of you who are into cryptocurrency, do you agree or disagree with what Umar said?

View: https://m.youtube.com/watch?v=KlQIfvGfqoE&t=2s

 

[Kanu]

"The more digital you become the easier it is to shut down your resources."

 

[TheHarmattan]

Everyone should proceed with caution but if you're going to harness the power of any tool you need to learn about that tool.

 

[The Honorable]

I am neither endorsing nor refuting Dr. Umar's thoughts on cryptocurrency. I don't know enough about Bitcoin to do either. For those of you who are into cryptocurrency, do you agree or disagree with what Umar said?

View: https://m.youtube.com/watch?v=KlQIfvGfqoE&t=2s

He is extremely right. If your currency is only accessible in Cyberspace then it can be stolen from you remotely. That's why Black people need to be careful about recommending every single new tech that comes out without fully vetting it. Like Umar said "Where would South Africa's struggle be if they had to buy all their resources with a digital currency". This is the same issue with debit cards, giving up paper money puts all your resources at risk. You're fighting your enemy but putting your resources in their storage facility.

He also made a great point about how Christianity and Islam may have African origins but have been retooled to serve the needs of the oppressor.