Tech Intersect™ with Prof Tonya M. Evans

SPOTLIGHT: Tech Intersect #16: Isaiah "Bitcoin Zay" Jackson-Bitcoin and Black America in the Age of COVID-19

June 19, 2020 Tonya M. Evans
Tech Intersect™ with Prof Tonya M. Evans
SPOTLIGHT: Tech Intersect #16: Isaiah "Bitcoin Zay" Jackson-Bitcoin and Black America in the Age of COVID-19
Show Notes Transcript Chapter Markers

Isaiah Jackson, also known as Bitcoin Zay, is the author of “Bitcoin and Black America”, a book that explores the synergy between Bitcoin, blockchain technology and economic empowerment in black and brown communities, in particular. Isaiah is also Community Manager for Metronome and co-host of the popular YouTube show, “The Gentlemen of Crypto”, which has over 500 episodes and 20+ hrs of tutorials. He is also a member of the Digital Currency Council, a Certified Bitcoin Professional (C4 Consortium) and the owner of a Bitcoin ATM.

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Tonya Evans :

welcome to Tech intersect. I'm your host, Tonya Evans and my life and work exists at the heart of law, Business and Technology. Yeah, I've earned a few fancy titles in degrees over the years. But the bottom line is I'm a writer, speaker, teacher, and lifelong learner. And I'm really excited that you've joined me on this journey. So what is tech intersect? Well, it's authentic, empowering conversations with really interesting guests to demystify complex topics to prepare you for the future, because your future is now and it exists where law business and tech intersect. Get ready to listen learn and leverage.

Stephanie Renee :

Let's get started.

Tonya Evans :

Isaiah Jackson, also known as Bitcoin se is the author of Bitcoin and black America, a book that explores the synergy between Bitcoin blockchain technology and economic empowerment in black and brown communities in particular, as a as also Community Manager for metronome and co host of the popular YouTube show the gentlemen of crypto, it has over 500 episodes 20 plus hours of crypto tutorials. It's a daily live broadcast that explores Bitcoin and cryptocurrency markets, including international topics news updates, future innovations in blockchain, digital assets and more. His work in the blockchain space includes being a member of the digital currency Council, a certified Bitcoin professional, and the owner of a Bitcoin ATM. We talk about his background, the book in the show, and also how his work to empower black and brown communities is especially relevant now given the economic crisis caused by COVID-19. So, after the episode, I'll spend a little more time bringing all those points home In tying it all together. So now it's time to listen, learn and leverage. Let's get started. Today it is my absolute pleasure and honor to have this much anticipated conversation with Isaiah Jackson, aka bitcoins day. I love that. We'll talk about that as well. He is the author of Bitcoin and black America, the founder of black chain foundation and co host of a popular daily YouTube show the gentlemen of crypto. He's also one of my favorite people on Twitter. He's no holds barred. His Twitter handle is very strong and fun fact when he's not knee deep in the crypto ecosystem. Evidently he's armed deep in 70s vinyl crates. I want to hear about that. Especially because I've spent many evenings in club quarantine with D nice, and perhaps you have to so we'll talk all about that in more in a moment. But first Isaiah, welcome and Happy Birthday weekend to you, sir.

Isaiah Jackson :

Oh yeah, absolutely. Thank you. I appreciate that. Yeah, definitely glad to see another birthday and glad to be on the show here with you exactly as

Tonya Evans :

it has. So share with the listeners your professional origin story, the path that led you to this moment in time as really a major influencer in the crypto space. I'm really fascinated by so much of the work that you do and so but I like to put the pieces together so others might follow in your footsteps as well.

Isaiah Jackson :

Okay, absolutely. So, I was in college in 2008 2009 during the last financial crash. So you know, as a college student, you already pretty broke as it is eating ramen noodles and rice together, you know, $3 per burgers. So when the financial crash happened, I vividly remember how the economy changed. And that was sort of my first look at how economies work, how the Fed works, how inflation works, so I sort of had that always in the back of my mind. I didn't know how We could ever solve it. But in 2013 I was introduced to Bitcoin by oddly enough, a banker worked for a bank and they discussed Bitcoin but he kind of came home and he was like, I don't know what it is, but it's, you know, sort of from a tech standpoint, and that was my major computer science and at the time I was teaching computer engineering class in high school so one or high school so this was 2013 so I've been in the space seven years because sort of taken that away oh nine background of you know, being super broke almost broken, so to say, as I say in the book, and then also apply in the tech side of it, where I could saw that Bitcoin was secure, scarce asset that you know, is transparent. All of these things, you start to piece together like this might be a solution, and that is where I started. So in 2013, after teaching, I moved on to it career. As far as Bitcoin goes, myself the trading aspect of it mining as well as the blockchain aspects of it, as well as building and software and websites. So that was my origin. And since then I have started the show the general crypto. And of course, while we're here writing, I've written the book Bitcoin and black America, which we'll discuss more so that is, that is my origin sort of a tech background combined with financial literacy needed because of last crash. So that's what drove me to get into the Bitcoin industry.

Tonya Evans :

Right? That's really interesting, especially because, you know, you're living what we should all do, which is really to take the lessons that we learned previously and figure out Alright, so that happened in a time of web 2.0. Right. We also not only did we see the financial crash and crisis around the same time, that's the Toshi drops the white paper, but we also see, you know, we had just experienced maybe 10 years, nine years before that the.com boom and crash and You know, we are in a web three, build an environment, but that those lessons are really important that we hold on to because as you said, then we can start to see the benefits of innovations in technology, FinTech, and how that could be empowering as a model for fiscal literacy, empowerment, generational wealth, which I spend a lot of time talking about, too. And all those things feed in. So let's, let's get into that because your life and work are decidedly focused on the economics of black America in particular, and how Bitcoin can change the economic condition of black and brown communities specifically. Now, what are the specific challenges in the black community that cryptographically secured assets can remedy in the community? So, you know, ideally, that folks aren't just surviving and starting over again, with each generation but actually thriving in a in a way in one generation that supports forward motion in the next.

Isaiah Jackson :

Absolutely. So One of the biggest subjects that I always bring up whenever I'm speaking with somebody off assaulting or in your groups, when it pertains a big one in black America is I do discuss the.com boom 2000s and how a lot of black people missed that tech boom of the 90s you know, not just investing in the tech companies, but also learning how to build the software developers learning, you know, cybersecurity, all these things. We were sort of late to the party. They're not all by fault of our own. There's some educational, you know, things that held us back. However, this time, the barrier to entry is lowered and is sort of not there with Bitcoin. So we all can be able to build in this industry as well as investing as an asset and build the companies that people invest in for the future. So that is one of the biggest things that I bring up is, you know, in one of the biggest world transfers in my generation that I remember, we sort of missed it, but this time has to be different. So I definitely push that forward in my message.

Tonya Evans :

Absolutely. Now, do you think so you have a tech background? Right? So not only are you an advocate of participating on the financial side to hold crypto, but also the build, right? And how important that could be to build sustainable companies, product services on top of the new infrastructure? How difficult was it for you? And maybe even if it's not difficult, I'll ask a different way. How do you encourage those who do not have a tech background to still be able to take advantage of the new economy?

Isaiah Jackson :

So I'm so glad Bitcoin has matured a lot over the years, as you know, Bitcoin, sort of the Wild West, you know, a few years ago, and only only people with sort of a tech background could understand the language and you know, understand how to use it. So now that we have more onboarding, through user friendly apps, one of the things I would say for people who do not have a tech background is you have the ability today to buy bitcoin, learn about Bitcoin, read about Bitcoin. From a basic standpoint, you can buy a wallet Because it's in the book, you know, if you buy a car, you don't need to know how to change the carburetor and redo the body frame in order to drive it, you know, basic maintenance, maintenance, you know, DNA, turn signals, these all things able to drive your car. Same thing with Bitcoin, if you know how to, you know, download a wallet, send or receive to others and stored securely. These are just some of the basics that you can learn about Bitcoin, which, you know, is very similar to how you store your money now, just small tweaks here and there. And I think once people see that it's not as hard as they're trying to make it a lot in the media. They try to make it like it's like, oh, regular people can't use it for tech geeks with nerds for people who speak, you know, super lingo that you won't understand. It's like, No, no, no, this isn't the banking industry. We're not trying to, we're not trying to confuse you. Right, actually use verbiage that makes it confusing for the average person and Bitcoin is becoming a lot easier. So if you don't have a tech background, don't worry. There are a lot of resources in order to get you going get you started. And you know, you don't have to worry about the back end. So why don't we walk through We all know how to use Wi Fi but nobody can explain layer two protocols to you.

Unknown Speaker :

Right, nor do they have to, right?

Unknown Speaker :

Yeah, exactly.

Tonya Evans :

Definitely. And it's important for people we are who are in the industry to help demystify it. And to break it down from an educational point of view you are, you know, at your heart, in essence, you are an educator. And so you bring that heart, mind and spirit to what you do now. My intention is always to do that as well. And in fact, for listeners, I certainly have done this in the past when others have come on to the show Andres antonopoulos was on Alex Edelman from lolly and some other people. We just did a crypto regulation thing that's going to float. This past week, actually, it aired this week. So I'm very intentional about the educational piece. I will drop links and videos again, both in the summary and then in the extended show notes for advantage Evans members but we want to use regular language too and also highlight what what can be done with the technology, right? The fact that the car can take you from A to B is more important than the carburetor for the average person. You mentioned something about, well, let me say this. So I'm going to transition a bit to what's going on presently, that what we talked about is going to be evergreen, but we are literally recording in the midst of the COVID-19 Coronavirus crisis as a matter of health and finances, not just here in the United States but globally. And so, in your book, you've accurately noted that the global financial system is changing, and that the digital revelation, as you said, will not be televised. So the digital revolution might not be but we are seeing the dire economic implications of the financial and healthcare inequities here in the United States in particular, literally play out 24 seven in the new cycle, right. So all the things that people could hide from and Either pretend that these inequities don't exist, or literally because there are two Americans not know. Right depending upon where you get your news, your experience who your friends are, you may not know. So, you know, Chairwoman maxine waters from the House Financial Services Committee is trying to get out ahead of it. We just had the quote, stimulus package pass. were originally there was language about a digital dollar I saw you tweet about it, I tweeted about it as well. And even though that language didn't necessarily survive, at first, in this particular iteration, I'm wondering what your thoughts are about this march toward digital Fiat? I know that's definitely not satoshis vision per se, but it's only a matter of time. And if the digital dollar, for example, continues to march on and other digital Fiat, what opportunities are created for Bitcoin for true? You know, if we're talking people's money, you know, that will not probably end up being a digital dollar. So thoughts.

Isaiah Jackson :

Yes, absolutely. So this recent news of the digital dollar and the fact that there is about to be so much money printed and placed into our economy, of course, inflation will be a part of that. Unfortunately, inflation is a part of the US American economy. This is our economy is built on inflation, which is why the value of the dollar has decreased 99% inception, built to basically go away at a certain point. And I think this was the last blow to sort of put out a digital dollar. We're almost at the point where it costs more than $1 to produce $1. So that tells you where we're at. So what I think for Bitcoin, what it will help with is onboarding. I think initially, if money does go almost completely digital, if people you know, have this influx of money that is digital, it'll make it pretty easy for people to move from the thought process of Oh, I have digital money, which it already basically is when he's like 92% Digital anyway, but once they you know, acquiesce it with a digital Digital dollar that it won't seem so weird to move it into bitcoin. If Bitcoin is proven to be more of a safe haven asset, one thing we are seeing in the industry is that everything took a nosedive last week or two weeks ago. However, as far as recovery goes, you know, Bitcoin is holding pretty strong, even though people thought it would go to zero, you know, a million times. So I do think long term, Bitcoin will be affected because there will be more liquidity, more onboarding, you know, a lot easier to purchase Bitcoin with a digital dollar than when cash so I think all of that plays a factor into it, but I think with COVID coming, and then this virus is definitely a what somebody described as a white swan event, something that you did, but nobody saw it coming. So yes, this is something that has affected us all, but I think Bitcoin is the havening is coming up, right as this is happening. It's I'm not big on coins. You know, I mean, like, it's, I don't think this is a coincidence that this sort of happened at the timing. So I think something Big starting is already started for us by being in the currency world. I think this is a change of where we are and where we're going.

Stephanie Renee :

We hope you enjoying this edition of tech intersect. Our conversation will continue in a moment. But first, a word on an exciting opportunity.

Tonya Evans :

There's a more cost effective and time efficient way to reach your leading edge learning and earning goals to put you ahead of the stiff competition in this fast paced tech driven economy. You need skills, credentials and a fast track to a competitive advantage. You need it now more than ever, and I can help invest in the future you've always wanted. And in as little as three weeks you'll be on your way to greater autonomy, control and opportunity in your life. The advantage Evans method puts you ahead of the curve with condensed comprehensive online courses curated content to leverage your current skills and expertise in order to succeed in the new economy. coaching with me networking opportunities and a digital badge on completion. Upcoming courses include from cash to crypto, buying your first Bitcoin and register, right protecting your IP brand and business ready for your advantage. Well get on the fast track to learn and earn at advantage evans.com.

Stephanie Renee :

And now, back to the conversation.

Tonya Evans :

Well, I hadn't really thought of it in that context, right and and I am of the mind, I should say that there are no accidents in life. And it will be very interesting to see how all this unfolds. I also just feel as a matter of from a metaphysical point of view, probably that there's this whole universal resetting. Go sit down somewhere, right? Take a deep breath. Take a breath, revisit everything. reconnect with yourself and with Others and prepare you because we are now seeing how people have short memories and you have new people being born all the time, right? So either people have a short memory or they don't have a memory of the type of crisis that hits this way. That also in some sense is unprecedented. I'm starting to hate that word. We've been using it for several years, but it is what it is. But this is unprecedented in where we are in this moment in time, we have got to learn the lessons of the past so that we do use this as an opportunity to participate in the fourth industrial revolution, and to really empower ourselves in ways that we've known that we needed to but this time presents an interesting opportunity. So yeah, your book explores how to incorporate Bitcoin into businesses and jobs and educational institutions as a matter of economic empowerment. And obviously, it's more pressing now than ever. You also must talk about these issues on a daily basis on your show. So tell folks about the gentleman crypto, why you created it. The fact that you are well on your way, you're halfway to 1000 episodes. If I'm not mistaken, you'll tell us about that. But yes, let's, let's talk. Let's talk about the gentlemen of crypto.

Isaiah Jackson :

Oh, yeah, absolutely. So, you know, after being in Bitcoin for about five years, about four or five years, and I had a business partner King, who was also my co host, we both realized that our consulting it was it was good for businesses, but for individuals, it was pretty inefficient. You know, I mean, the information we're now doing one on ones or, you know, small groups, it was okay, but it wasn't as efficient as we wanted. So we decided that he kind of convinced me before you know, I had never made a video about crypto, I had only you know, kind of posted some stuff, here and there. This was 2016. But he convinced me I moved out to LA and he was like, Look, we can start a show. We can, you know, get it going. And basically we can reach more people daily, and we can discuss crypto Bitcoin. This was early 2017 sorry. So this was sort of the time when Bitcoin had just crossed 1000. You know, the Yeah. For the second time that I saw it, but New Year's Day 2017 it just crossed $1,000 in price. And the price was kind of going sideways in March or April when I decided to leave. So, the show, we decided to do a daily news show because we realized there was a lot of misinformation coming out, there was so many scams. Remember, the Ico market was really hot, where there were a lot of coins that didn't really do anything. But there was so many people hyping it up pumping it up. So we were like, Yeah, let's do a daily show and kind of show people that, uh, yeah, there's more to Bitcoin than, you know, being for drug dealers and scams and whatever people think, and also keeping it consistent because from education standpoint, there's a lot of people who don't trust it. So I think if we keep it consistent, they see that we're here through the good, the bad and the ugly. You know, we can keep it going which is what we've done. We're over 516 episodes on the 17th. And Yep, going strong towards 1000. And like, like I said before, it's the gentlemen of crypto on YouTube, we broadcast at 1pm. Eastern. And like I said, we do a daily Sundays we do have to take off because we have much busier schedules than when we first started. But uh, right, his daily show was sort of the catapult catapult of for both of us in the crypto world because once people realize, you know, there's two guys that know what they're talking about. We do it live. So we take questions answers, because we actually know what we're talking about. Unlike, you know, some people you know, they started in 2018 2019 is cool, but you know, that live feature people really like to ask questions as they go on record. So we want to introduce that and so for us, it's definitely been a great experience.

Tonya Evans :

When you think about the the topics that you've covered over these years, and the questions that you receive, are there any common misperceptions are common questions that have come up over these years. Yes, early on.

Isaiah Jackson :

A lot of questions we got was about buying a whole Bitcoin. Yeah, we took a lot of episodes and we kept saying at the beginning of the episode, you can buy a fraction of a Bitcoin you can buy. Because I believe there was a time when jamie diamond. It was like August 2017. I think the pricing went from 6000 to 3000 or something. He had kind of put out some news that tanked it. Was this a good time to buy? And I was, you know, we're doing the show, that question came up a lot. And they were like, excuse me, and they were like, well, I can't buy a whole one. Can I buy? You know, what can I do? And we just like, you can buy a fraction of a Bitcoin. So that's the comment. Also interaction with the broader world as far as like Bitcoin and digital currency and war with China and Russia, the things that happen. That stuff comes up a lot more lately, and I can't blame them. Because look at what the mess we're at now. Right? You look at, you know, how the world is operating, it's like, well, it looks like our currency might not be worth much or some things may be happening in the markets, you know, this is what crypto was built for. So can't blame them. But those have been more of our questions. You

Tonya Evans :

know, that's interesting. And any over these last couple of weeks, hot topics that that stick out in your mind now, you cover so many things in a day.

Isaiah Jackson :

We go I mean, COVID has definitely taken over, but we did we interviewed john McAfee. Wow. Yep. The last day of February as a matter of fact, we interview him so about a month ago. And you know, that was very interesting because he discussed everything that's happening now. You know, john is a wild boy, do you go watch the interview john McAfee go check it out. He is wild, but that that is sort of the crazy genius that I think comes out when you listen to people but at the same time interviewing people like him and Really, you know, founders of companies, those are all different things. I think our show takes on a new life, you can get a perspective for someone you may or may not agree with. So, yeah, definitely, definitely something that recently caught up caught our attention as far as how things are gonna go with the virus because he was right. He predicted how everything's gonna go, and this happened.

Tonya Evans :

Wow. Well, I'll definitely drop drop a link to that as well. I missed that one. I kind of stay up on the game. I don't watch every day. But when I watch I slam several episodes at a time. That's that's that's my approach to podcasts and in the dailies and being home for a month and counting. Right? Absolutely. All right. So I want you to let the listeners know some of the services that you offer, because I want to find and make sure that we have ways that they continue to connect with you and your work. So talk to us about that.

Isaiah Jackson :

Oh, yeah, absolutely. So of course we have the Daily Show the gentlemen of crypto, which is completely free of course. Daly kRb digital assets group, we do consulting for mostly businesses, but we do do individual clients. We teach educational, blockchain education, how to do trading things of that nature. Also, I am the Community Manager for a project called metronome. But metronome is a cryptocurrency that sort of is the beginning of decentralized finance. I know a lot of other companies have taken it upon themselves to call themselves defy but metronome was sort of the first so that is also who I worked with as well. And coin me and coin flip ATM companies actually worked with as well so Bitcoin ATMs for those people interested actually have ways for people to get Bitcoin ATMs or install them in their brick and mortar stores. And then of course the reason we're here Bitcoin black America the book where you can actually purchase on the website, Bitcoin, black America, calm or Amazon so got a lot going on, right now in the space but uh, staying busy And these are just a few of the things I have worked with the game

Unknown Speaker :

support.

Tonya Evans :

I love that. And I also believe in diversifying on a range of things, certainly from an assets perspective, but also multiple streams of revenue. Not all coming from the same thing as we see because that's a bad idea in the 21st century and ever. And that's the true entrepreneurial spirit for sure.

Isaiah Jackson :

And Oh, I forgot to mention I'm sorry, because it is, you know, still kind of under wraps. blockchain is my startup. We haven't started the private beta yet but that is sort of my next project this year. It is kind of been on hold because of Coronavirus, but yes, we have this we have started on it as far as the private beta getting going in April.

Tonya Evans :

Is there anything that you want to tell them specifically or and let in fact now let's list the ways that people can connect with you. I absolutely will have links in the show notes for too but Give them the highlights of where they can find this specific information. We'll have a link to the book for sure. But anything that you want to additionally share about blockchain

Isaiah Jackson :

Oh yeah, absolutely. So blockchain online.com where you can visit it is being updated so if you see it saying we're updating it that's that's what we're doing now. However, you can contact me directly at Isaiah at kRb cry PTO calm that's my email or on Twitter at Bitcoin say those are the two easiest ways to contact me and also get information about blockchain online through the website. So like I said, we have a private beta coming in once we go live, we aren't playing close to the chest. But once we go live, we do want to be able to provide liquidity for businesses, small businesses in the form of Fiat or Bitcoin. So that is the goal of black chain and we're working on that.

Tonya Evans :

Perfect. The intellectual property lawyer and professor in me says yes, hold it until you can launch it and maximize leveraged, monetize and all of the taxes. So I would, given a lot of the things that you've shared once a month, I wasn't able to do it because of the COVID-19 crisis and scrambling to get all of my faculty online in less than two weeks, which was no small feat. So I missed this opportunity this march to do an Ask me anything. It's actually I do it. On the video side of video chat. The first was about mental wealth and health, particularly for black and brown communities in the entrepreneurial space. I'd love for us to figure out a way to set up an AMA to amplify some of the things that you're doing and to plug in with with our listeners that we've been testing. Well, thank you so very much the time flew, I just looked up I was like, Oh, we have to get out of here. I'm a huge fan. I will continue to amplify everything that you and King are doing and Let's do this together. Cooperative economics collective work and responsibility and let's make the next generation a better place.

Isaiah Jackson :

Absolutely. Never know one day you might see me sitting in class one day, I'll just show up in perfection.

Tonya Evans :

Deal. And one day I might be showing up to you to get one of these BTC ATMs. So there's that. All right, I say aka bitcoins day. I will see you on the interweb Thank you. I'm so grateful that Isaiah took time out of his very busy schedule to chat with me during this unprecedented time, as much of our nation in the world is under some form of stay at home shelter in place or quarantine order due to the novel Coronavirus pandemic known as COVID-19. So why does the information in Isaiah his book matter? Well, it matters for times like these, given the current health and financial crisis Due to COVID-19 and the devastating impact on the health, welfare and financial stability of virtually everyone in this nation, and globally, Forbes personal financial contributor, Corey Hale wrote specifically about the black community and says that black Americans will suffer an even greater plight. She makes the point that just a few weeks ago, way back in January of 2020, which seems like a million years at this point, the US economic picture was bright. Unemployment was at a 50 year low. There was strong wage growth and record optimism about small businesses. That is, of course until COVID-19 came to the US and thanks largely to severe dereliction of duty from the White House calling the virus a hoax. Now the virus is widespread, causing the central bank to adjust its interest rate to 02 point two 5% in order to support the economy Congress recently passed a $2 trillion stimulus bill but with only a single payment and some but not significant support to small businesses. This catastrophe will disproportionately impact low income earners, with minorities likely bearing the brunt of the economic impact of Coronavirus as a recession is certain to hit. I mentioned this in such detail, because the current and near future realities of the crisis we are in right now is shedding much needed light on the health and financial disparities that Isaiah his book brings to light. those disparities lead to disparate impact in times like these with a recession on the horizon, and he advocates for economic empowerment in the black community based on participation in every facet of the fourth industrial revolution based on the rails of blockchain and with cryptocurrencies, like Bitcoin leading the way. Now, learn more about blockchain and crypto With the links in past episodes and the videos and resources available to advantage Evans members and be sure to check out Bitcoin and black America to explore how to empower black communities and underserved communities by incorporating cryptocurrency in your business job, an educational institution, and save 20% when you use my code tech intersect, that's a lot to sit with. Let's all stick together. Let's stay home. wash our hands, keep building support each other. Until next time, continue to shine.

Stephanie Renee :

Stay in touch with host Tonya Evans via your favorite social media, on Twitter, at at Tech intersect and on Instagram via the handle tech intersect. This podcast has been produced by Stephanie Renee for soul sanctuary incorporated Transcribed by https://otter.ai

(Cont.) SPOTLIGHT: Tech Intersect #16: Isaiah "Bitcoin Zay" Jackson-Bitcoin and Black America in the Age of COVID-19