Bitcoin ATMs are being installed inconspicuously throughout black communities known for high crime and poverty. It appears none of the Bitcoin ventures marketed to the black communities about the introduction of Bitcoin ATMs, so we can assume someone decided to imposed these Bitcoin machines upon the black and Hispanic community with an agenda in mind. 

We believe Bitcoin ATM machines are purposely targeting uneducated and unbanked blacks to run on innuendoes and false information about the unregulated Bitcoin.  Some Bitcoin ATM entrepreneur basically said poor blacks are stupid people and they can make fee-based money by just putting Bitcoin ATM right inside gas station convenience stores and let the poor blacks and Hispanics run off on their own ignorance about cryptocurrency. 

In this article, we will cover Bitcoin and black people getting caught up in something these black folks don’t have the ability/talent to mine or interrogate the Bitcoin blockchain. We will also cover how Bitcoin is used mostly to facilitate global crimes against vulnerable black people while these uneducated black people basically pour their money into Bitcoin. Then we will get to the Bitcoin ATM in the hood and then explain that these Bitcoin ATMs may be a blessing in disguise to actually train black folks to move towards QR code payment transactions faster which is a critical ADOS Digerati agenda. 

Bitcoin is the biggest form of a currency promoting inequality and a explicitly promotes a math-based system to enable the rich getting richer and the poor getting poorer. Bitcoin is known as a math-based currency (MBC) that required the use of complex math to figure out a complex puzzle to be entitled to participate in the transaction process. The average black folks cannot do the math much less own the machines that can perform the math – most of those math mining machines are being ran in Asia right now. 

So all these black folks talking up Bitcoin around you cannot even articulate the math-based formulas to provide proof of work or proof of stake to truly gain access to a true Bitcoin. Remember – Bitcoins can be generated using computers that solve a complex math problem. So until you see a black person with an Bitcoin mining operation to validate transactions and earn Bitcoins as well as create Bitcoin through the math-based proof of work, you just see sideline jokers talking up the gambit. 

Bitcoin was formed as an ideological basis of technocracy where those with STEM skills rule and those without STEM skills are lower proletarians controlled by those who control the math – that’s all what Bitcoin is.  That’s financial inequality at it best and what it does is shut those out who don’t possess the math skills to truly establish a financial stake in math-based currencies or cryptocurrencies.  I indicated earlier, most of the Bitcoin mining is done in Chinese math-based digital farms so this is a global STEM competition. The Chinese angle on Bitcoin will not be covered here but you should be smart enough to understand national security implications if cryptocurrency Americans invested in are majority mined by a nation state like China. 

The black folks who are talking about Bitcoin are the same ones that be talking up other ghetto hustles like flipping homes, coin-based vending machines, and multi-level marketing. Then when these ghetto hustles don’t pan out, these black folks run elsewhere talking about Forex and trading on foreign currencies and stuff like that. Many of these same black folks are also hustlers claiming they know the key to black economic power in the black community. Keep in mind these were the same black folks talking up “flipping” dotcom stocks in the late 1990s before the dotcom crash and “flipping” homes before the housing bust and getting arrested and convicted for mortgage fraud.  Now today flavor is “flipping” Bitcoin. 

The concept of “flipping” shows the level of ignorance when it comes to black folks and understanding the nature of wealth. Black folks think in terms of “buy low” and “sell high” and read cheap articles that brag about “flipping” and you see lame-looking people bragging about how much money they made or got. Wealthy people don’t flip anything – they hold onto it and focus on value creation. The concept of flipping is actually value destruction. It is important to understand why flipping is value destruction to understand the concept of good money versus bad money. 

Good money is something you find valuable like a silver dollar or a $2 bill that you say to yourself that you going to keep this and hope it is worth money later. You speculate the value of the good money will go up so you do not take the currency to the local merchant and spend it in your community to create active economics, you withdraw the money from economic activity so you can speculate you will make more money in the future. 

Bad money is a common denomination like a dollar bill where everybody else has one so you not trying to save it and you take the dollar bill and spend it somewhere in your community and the dollar is circulated throughout the community paying forward value to empower each other. So when you get money, you pay it forward in exchange for value and the next person pay it forward and a “value chain” is established as the basis of trades, marketplaces and transactions and a true black economic ecosystem. 

Bad black folks talk about “flipping” or chasing good money to withdraw financial assets from the marketplace with speculation they will make more money later are engaged in value destruction for personal gain. These people do not add value to the black community, they withhold value from the black community and are self-serving. 

Good black folks participate in facilitating bad money to establish a black economic “value chain” in the community by creating businesses that allow them to accept bad money, pay employees with the bad money and the employee give the bad money to other businesses to feed their kids is the critical essential goal of black economic and community empowerment. 

Bitcoin original concept was to operate as “entitled money” where those with the math-based skills can generate and control the asset in a decentralized manner with no oversight authority and where the “math is the law” and based on mathematical consensus. The black folks running around talking about “flipping Bitcoin” do not have any basis or stake or even an understanding of how math-based currencies work and just trying to sell everybody their so-called quick hustle. 

Bitcoin has been adopted by global criminal organizations since day one as Bitcoin addresses that are part of a cryptographic key is used instead of a real person identification. So someone with a cryptographic key as their Bitcoin address can transact with another person with a cryptographic key without knowing each other identify and trust the math-based calculation that the transaction between the two is valid. 

The only type of blind transactions where two people want their identity withheld from each other are illicit businesses such as child sex trafficking, child porn distribution, human trafficking and slavery. I find it silly to see African-Americans upset about a video of a Libyan slave auction when black slavery has been going on in North Africa unchecked and ignored for thousands of years to this day. One can only do an Internet search to see the illicit crimes Bitcoin funds and see the blockchain transactions within Africa or cross-border from one rouge nation to another in real-time to see where Bitcoin is moving. 

No ethical black person who knows the most transactions involved with Bitcoin is used for activities such as kidnap and export Haitian and African black children for global sex slavery would be dealing with Bitcoin. So kindly remind the next black person talking about Bitcoin about social responsibility and when that same black person try to dismiss you and your claims, then you know what kind of self-serving black person you dealing with as you listen to them keep talking about flipping Bitcoins. 

So the question remains – why are Bitcoin ATM strategically positioned in black communities in bad neighborhoods where the poverty rate is so high? No one is running direct marketing to the black community saying get your Bitcoins here and do transactions, there is no true ecosystem where black businesses accept Bitcoin like Japan does so why is the bad black neighborhoods targeted? 

The answer should be obvious and straightforward – to feed off black ignorance. You put a Bitcoin ATM in the hood and don’t say anything. Then one or two black folks who just too smart for their own good says “what’s this?” and do some half-baked ghetto research online. Then these black folks start acting like they discovered a hustle and tell others via word of mouth and social media. Then the analogy stories come up such as someone flipped $20 into $1,000 and someone bought a house or Lamborghini with their Bitcoins. Then poor black people feel they can put their money into an Bitcoin ATM machine at the liquor store gas station to get that magic Bitcoin to flip more money out for them.  But at the end of the day, the Bitcoin ATM hustle is just a scheme to make transaction fees off the ignorant and unbanked black people in the hood as another predatory financial service. 

While the notion to address the Bitcoin ATM strategic placement in black communities to capture fees off the unbanked and ignorant ghetto black people looking for a quick flip, there may be a twist of fate that can be leveraged benefitting the black community and black economic empowerment in the long run. And that leverage is conditioning the black community to understand QR payments. 

See here is the thing – we don’t need that Bitcoin ATM machine that cost $10,000 to make Bitcoin-based cash in/out transactions. You can buy a thermal wireless printer for $50 off Amazon that connect to your Android phone using Bluetooth and download an app that allow you to accept money, print out a Bitcoin QR code receipt or payout money after receiving a QR code transaction. Cats in the hood can find someone on the corner in their community handling that or the street generals can setup something like that. Now, this setup already going on with the yakuza in Japan but is rampant with fraud QR codes and stories like “your Bitcoin was stolen by hackers” and stuff like that. 

But we can allow these Bitcoin ATMs “train” these uneducated and stupid black ghetto folks chasing “good money” to flip and have them inadvertently establish the normalization of QR code transactions in our black community. Then we leverage the normalization of QR code transactions to transcend QR payments in our hood to work for us to establish “bad money” circulation to create multiple value chains to establish a black economic ecosystem where we have control over the transaction model. 

Then essentially, what we ADOS Digerati fireflies will do is strategically turn that Bitcoin ATM flipping good money way out bad to end up working for us and our black community in a good way.