Jack Dorsey’s Bitcoin Academy is giving away $1,000 in BTC to all participants

[ad_1]

The first iteration of The Bitcoin Academy’s Bitcoin education program – Jack Dorsey and Jay Z’ (Shawn Carters) – is complete.

After 12 weeks, the initiative ended with an airdrop of $1,000 in Bitcoin to all participants who elected to receive a grant.

Farewell gift from Jack and Jay Z

As reported per Business Insider, the entire program, including the final airdrop, was personally funded by Jay-Z and Jack Dorsey. While it’s unclear exactly how many people received the airdrop, an email from Jay’s mother revealed that the program was attended by more than 350 Marcy residents.

“Marcy residents showed up,” she said. “What also matters is providing the necessary resources such as dinner, childcare, devices, internet access, dedicated staff and instructors so that as many people as possible can participate. in person and online.”

The Bitcoin Academy was announcement beginning of June as an in-person program to provide Bitcoin education and resources to residents of Marcy Houses, New York – where Jay Z grew up. It lasted from June 22 to September 7.

At the time, organizers were transparent about participants receiving various rewards, including free MiFi devices, one-year data plans and smartphones. Other benefits, such as the free child care offered by the program, have attracted some residents to participate. The Bitcoin giveaway, however, was a last-minute surprise.

What the program taught

Some of the courses covered at the event included titles such as “Wealth Creation and Assets”, “Why Decentralization Matters”, “Stay Safe from Scammers”, “Bitcoin and Taxes” and “Careers in Crypto” , as well as others. All classes have been recorded and remain available online – but only for residents of Marcy.

“A lot of times the information doesn’t reach our community,” explained Lamar Wilson, Academy instructor and founder of Black Bitcoin Billionaire. “Not because people are intentionally discriminating, it’s because they don’t intend to get the information there.”

As he noted, many residents were able to understand even complex and technical concepts like Bitcoin mining once they were explained to them. They also learned how Bitcoin can be used as a tool to create “generational wealth,” which resonated with many attendees.

Wilson, in particular, was intrigued by how Bitcoin can be a tool for historically oppressed groups to protect their wealth from confiscation. A resident of Marcy – Mariela Regalado – recognized Bitcoin as a tool that can help secure a financial future for her daughter.

“I’m stacking piles for her, and I probably couldn’t have said that in June before the Academy, but now I can, because now I know what it all means,” she said.

Both Wilson and Regalado pointed out that students at the academy were in no way forced to buy or trade Bitcoin, but were simply educated about it. “It always felt like we were at a family dinner, and like that cousin who discovered Bitcoin tells everyone about it,” Regalado said.

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off Binance Futures fees for the first month (terms).

PrimeXBT Special Offer: Use this link to sign up and enter code POTATO50 to receive up to $7,000 on your deposits.

[ad_2]

Source link

Recent Articles

Terra Luna

Wolverine Coin

TABOO TOKEN

Crypto Heirloom

spot_img

Related Stories

Stay on op - Ge the daily news in your inbox

bitcoin
Bitcoin (BTC) $ 16,822.02
ethereum
Ethereum (ETH) $ 1,228.79
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 283.38
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.388314
dogecoin
Dogecoin (DOGE) $ 0.095993
cardano
Cardano (ADA) $ 0.309092
matic-network
Polygon (MATIC) $ 0.889583
polkadot
Polkadot (DOT) $ 5.28
staked-ether
Lido Staked Ether (STETH) $ 1,214.52
shiba-inu
Shiba Inu (SHIB) $ 0.000009
litecoin
Litecoin (LTC) $ 75.09
okb
OKB (OKB) $ 20.73
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.053356
solana
Solana (SOL) $ 13.39
uniswap
Uniswap (UNI) $ 5.95
avalanche-2
Avalanche (AVAX) $ 13.21
leo-token
LEO Token (LEO) $ 3.79
chainlink
Chainlink (LINK) $ 6.82
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,751.21
cosmos
Cosmos Hub (ATOM) $ 9.60
the-open-network
The Open Network (TON) $ 1.83
monero
Monero (XMR) $ 144.59
ethereum-classic
Ethereum Classic (ETC) $ 18.81
stellar
Stellar (XLM) $ 0.083925
bitcoin-cash
Bitcoin Cash (BCH) $ 108.67
quant-network
Quant (QNT) $ 117.80
algorand
Algorand (ALGO) $ 0.22483
crypto-com-chain
Cronos (CRO) $ 0.06324
filecoin
Filecoin (FIL) $ 4.35
near
NEAR Protocol (NEAR) $ 1.67
apecoin
ApeCoin (APE) $ 3.82
vechain
VeChain (VET) $ 0.018679
hedera-hashgraph
Hedera (HBAR) $ 0.047303
internet-computer
Internet Computer (ICP) $ 4.16
flow
Flow (FLOW) $ 1.02
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.40
eos
EOS (EOS) $ 0.977829
frax
Frax (FRAX) $ 0.999964
trust-wallet-token
Trust Wallet (TWT) $ 2.42
terra-luna
Terra Luna Classic (LUNC) $ 0.000164
axie-infinity
Axie Infinity (AXS) $ 8.17
the-sandbox
The Sandbox (SAND) $ 0.583675
tezos
Tezos (XTZ) $ 0.985514
aave
Aave (AAVE) $ 61.47
theta-token
Theta Network (THETA) $ 0.860542
chain-2
Chain (XCN) $ 0.038388
huobi-token
Huobi (HT) $ 6.28
chiliz
Chiliz (CHZ) $ 0.153352
true-usd
TrueUSD (TUSD) $ 0.998523
lido-dao
Lido DAO (LDO) $ 1.00
bitcoin-sv
Bitcoin SV (BSV) $ 40.49
paxos-standard
Pax Dollar (USDP) $ 0.999839
decentraland
Decentraland (MANA) $ 0.399018
usdd
USDD (USDD) $ 0.979087
bittorrent
BitTorrent (BTT) $ 0.00000067167596
kucoin-shares
KuCoin (KCS) $ 6.47
aptos
Aptos (APT) $ 4.78
pancakeswap-token
PancakeSwap (CAKE) $ 3.91
gemini-dollar
Gemini Dollar (GUSD) $ 1.01
fantom
Fantom (FTM) $ 0.234653
compound-usd-coin
cUSDC (CUSDC) $ 0.022687
zcash
Zcash (ZEC) $ 43.80
whitebit
WhiteBIT Token (WBT) $ 4.78
iota
IOTA (MIOTA) $ 0.205631
ecash
eCash (XEC) $ 0.000029
tokenize-xchange
Tokenize Xchange (TKX) $ 6.86
maker
Maker (MKR) $ 606.57
klay-token
Klaytn (KLAY) $ 0.177948
gatechain-token
Gate (GT) $ 3.57
neo
NEO (NEO) $ 6.87
dash
Dash (DASH) $ 43.69
pax-gold
PAX Gold (PAXG) $ 1,784.99
havven
Synthetix Network (SNX) $ 1.95
the-graph
The Graph (GRT) $ 0.061867
radix
Radix (XRD) $ 0.045324
arweave
Arweave (AR) $ 8.91
osmosis
Osmosis (OSMO) $ 0.90567
frax-share
Frax Share (FXS) $ 6.00
compound-ether
cETH (CETH) $ 24.68
tether-gold
Tether Gold (XAUT) $ 1,746.54
gmx
GMX (GMX) $ 51.53
cdai
cDAI (CDAI) $ 0.02211
curve-dao-token
Curve DAO (CRV) $ 0.649817
btse-token
BTSE Token (BTSE) $ 2.58
mina-protocol
Mina Protocol (MINA) $ 0.541943
thorchain
THORChain (RUNE) $ 1.36
ethereum-pow-iou
EthereumPoW (ETHW) $ 3.63
rocket-pool
Rocket Pool (RPL) $ 19.77
nexo
NEXO (NEXO) $ 0.668401
ethereum-name-service
Ethereum Name Service (ENS) $ 13.33
blockstack
Stacks (STX) $ 0.252769
1inch
1inch (1INCH) $ 0.438621
basic-attention-token
Basic Attention (BAT) $ 0.222829
zilliqa
Zilliqa (ZIL) $ 0.021843
immutable-x
ImmutableX (IMX) $ 0.4381
bitdao
BitDAO (BIT) $ 0.296018