Bed-Stuy Marcy Houses Community Center
photo credit: poematisnaturalis.org

Shawn “Jay Z” Carter and Twitter co-founder Jack Dorsey announced this month they would fund “The Bitcoin Academy” for residents of Marcy Houses, reported Patch.

The academy, supported by The Shawn Carter Foundation, will provide free courses online and in person help exclusively to residents of the Marcy Houses in Stuyvesant Heights.

“Academy, starting in Marcy, a place that taught me so much, is hopefully the first of many.” stated Jay Z  in a Tweet.

Classes will be taught by Lamar Wilson, of Black Bitcoin Billionaire, and Najah J. Roberts, founder of Crypto Blockchain Plug, and will run from June 22 through Sept. 7.

“Education is power,” instructors stated in the academy’s mission statement. “This program aims to provide education, and empower the community with knowledge.”

Dinner will be served at evening in-person classes and participants will receive MiFi devices, a one-year limited data plan, and smartphones if needed, according to the website. 

“The vision for Bitcoin is that it doesn’t have barriers, but lack of access to financial education is a barrier,” the website states. “It’s still hard to use for everyday necessities. Plus, people need devices and data plans.

Residents are allowed to keep any devices they receive. There will also be a “Crypto Kids Camp” for Marcy kids and teens aged 5-17.

“The simple goal is to provide people tools to build independence for themselves and then the community around them.” stated Jay Z.

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Kimberlean Donis

Kimberlean Donis is a freelance journalist based in Brooklyn. She is a student at both London City University and Williams College majoring in Political Science, Art History, and Africana Studies.

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  1. This function of this “academy” is completely outrageous, and even if you’re only supposed to report the news, not comment on it, I find it distressing that the story says NOTHING contrary about the issues surrounding bitcoin and cryptocurrency.
    Surely you must have read some of the news stories about people losing their money via these cryptocurrencies?
    The last thing we need is for the residents of public housing in Bed-Stuy, who are already poor, to be dragged into this system and have them lose some of what little money they have.
    You shouldn’t be writing a puff piece about a celebrity who’s following in the footsteps of Adams’ ridiculous ideas about using crypto for government business. He has enough money to do his own promotion; he doesn’t need news outlets to do advertising for him.
    If you want to know something about the problem, try reading this for starters. The headline (for anyone who won’t bother to read the piece) is “From the Big Short to the Big Scam” and it’s by Paul Krugman, one of the most respected economists in the country. https://www.nytimes.com/2022/06/06/opinion/cryptocurrency-bubble-fraud.html

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