My Journey towards Cryptocurrency:
I had just started taking notice to Bitcoin a cryptocurrency. I thought skeptical and was like they going to shut that down just like the Silk Road; which was a criminal bazaar. I figured that because any currency not back by central bankers would get destroyed and the founders killed. I read enough history books and watched a few documentaries that lead me to understand this was plausible.
One day I had a meeting with the artist Sajjad Musa we were at BRIC, sipping a cappuccino, and discussing ideas for my next book cover for Prison Survival & Urban Refinement. He also did the cover for The Hidden Hand: Duality of Self. The conversation turned to getting out the rat race. We were both in agreement that working long-term for someone else was not the best use of our time. He started talking about investing in the cryptocurrency market.
I was like that “shit is not going to last.” Then he started to build (talk) on what is currency and who validates it? He answered his own question with “we do.” I paused a moment and let that sink in. I remember in prison that cigars to an assortment of snacks were the currency of exchange because we placed value on that. He had my full attention now.
As the conversation progressed I was like I don’t have 5 grand for no Bitcoin. He was like there are other currency and shared an app with me called Coinbase. He said he deals with Litecoin, at the time it was going for $56 dollars. We carried our conversation over to Applebee’s because I was in the mood for a Mucho L.I.T. He came me more information for I can do my own research. We departed, and my mind was swimming in thoughts on the train ride home.
When I got home I started to do my own research. I became aware it was a plethora of cryptocurrencies with Bitcoin, Ethereum, and Litecoin being the big three or the most well-known. It was a lot of news articles the subject as well. I understood it could not be regulated because it’s decentralized and peer to peer. The technology that underwrites it all is called Blockchain.
It was early in the morning and I decided to buy 3 Litecoins and a piece of Ethereum. I was good taking a loss on that amount of investment. I knew I had to upgrade my knowledge base before I go further. I was overwhelmed with the amount of cryptocurrency that is out. I searched for workshops on Eventbrite, looked for groups on Meetups, and downloaded a few news apps dedicated to cryptocurrency.
Some of the prices for workshops had cost close to 3 grand, I settle on one at Galvanize for $49. When I went I was the only Black person in attendance and the only women there was Asian. The two most underrepresented groups in technology: Black people and women. That brought me back to a recurring thought that Black people get out hustle because of a lack of information. Whole structures would be transforming around us, and we will not have found out how to use this to our benefit.
The facilitator was knowledgeable he was from CryptoNYC.org. I learned a few things and gain the greatest of insight by understanding that cryptocurrency is in its infancy stage. Even the facilitator and his community are learning and working around this cryptocurrency. He did recommend reading the white paper on Bitcoin since it is the original cryptocurrency and a book called The Internet of Money by Andreas M Antonopoulos which I am doing.
It is a lot of cryptocurrency on the market I would advise you to do your research and get your friends involved. The more minds the more information that can be shared and acted on. We are not late to the table because it’s still being molded. We can all be early adopters in our changing future. I will see you on the crypto frontier.