Jay-Z Launches Bitcoin Academy For A Brooklyn Public Housing Complex

Rap legend Jay-Z has just founded the Bitcoin Academy in the Marcy Park Housing Project, a public housing area in one of New York City's many low-income neighborhoods that Jay-Z lived in when he was growing up. But is Bitcoin the best way to teach financial literacy and could Jay-Z make a more tangible impact on the community? Cenk Uygur, Jayar Jackson, and Jackson White discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

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"Marcy Houses, the 28-acre public housing development in Brooklyn’s Bedford-Stuyvesant neighborhood, is best-known as a pillar of rapper-turned-mogul Jay-Z’s New York persona. Built in 1949 as part of a push by the New York City Housing Authority to house the city’s low-income residents, Marcy had fallen into a state of dangerous disrepair by the 1970s when Jay-Z, whose real name is Shawn Carter, was growing up there.

“Where I’m from, Marcy son, ain’t nothing nice,” he raps in Where I’m From. “Marcy me, just the way I am always gonna be,” he declares in 2017’s Marcy Me.

But while hip-hop’s first confirmed billionaire remains intent on not abandoning his roots, residents of the Marcy Houses expressed annoyance and skepticism at Carter’s latest venture, the Bitcoin Academy – a series of free “financial literacy” courses being offered exclusively to Marcy tenants this summer.

On Wednesday afternoon, as bitcoin markets scraped two-year lows, few residents were aware of the cryptocurrency classes set to begin next week as a project sponsored by Carter and his friend and fellow crypto promoter Jack Dorsey, the founder of Twitter. (At least some of the flyers advertising the course appear to have been simply dumped on the floor of buildings.)”

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