Sinclair Skinner and AllEyesOnDC host and founder Sam P.K. Collins have a conversation about Bitcoin and Black African liberation at Sankofa on the night of Friday, November 16. (Courtesy Photo)
Walking away from the November 16th edition of The AllEyesOnDC Show, all I thought about was the potential for a financial system solely operated and utilized by members of what I’ve repeatedly called the Black African nation, a federation of Black African people living in their tribes across the globe.
During our conversation, Sinclair Skinner, Bitcoin enthusiast and co-founder of Pan-African Bitcoin company Bitmari, said that cryptocurrency could be the best avenue for making that vision come to fruition. However, it would require Our people to have faith in themselves, and a material unlike the U.S. Dollar that we’ve come to depend on for millennia.
Since its inception on the web, Bitcoin, a form of cryptocurrency has been used as form of exchange in the purchase of goods. Its appeal lies in the fact that, instead of a central bank controlling the digital ledger, called Blockchain, a network of people across the globe must agree on the conditions of an exchange in that space. Unlike the U.S. Dollar, the amount of Bitcoin in existence has hit a plateau, leaving no room for inflation.
Of course, the concept is much more complex than that, which begs the question of how prepared are Our children for a future where command of mathematics, science, and other technologically-based disciplines ensures survival in this society. Brother Skinner told us not to depend on the expensive colleges. Rather, We should anticipate a full transition to more skills-based learning, like the type that allows one to codify Blockchain language.
But Brother Skinner isn’t just talking Bitcoin, he has lived it.
Since Bitmari’s inception, Brother Skinner and his partner Christopher Mapondera, have circumvented Western Union and other facilitators of remittances to the benefit of agriculturalists living in Zimbabwe, a nation enduring the fallout from economic sanctions imposed by the United States. The organization has received an international license to use Bitcoin for remittances from an international bank, the only Blockchain startup to do so. This foray into Bitcoin follows a stint as an Advisory Neighborhood Commissioner in Ward 1 and involvement in key projects throughout the 1990s and 2000s, including the Million Man March.
I for one will watch the developments of Bitmari very closely. I can’t lie, it’s made me hungrier to understand technology and depend on my base knowledge of math to improve my standing in that area. As a Black African nation, we should be on similar moves so that we can build an economic infrastructure that will allows us to never have to depend on our oppressors again.
Watch the video above and see just what I’m talking about.