Racism against Africans can be found internationally, but in this case we are talking specifically African-Americans. Being international does not mean diverse in this specific way, it just means diverse in terms of nationality. For a good example, as the article and many have highlighted, asian representation is not an issue at Coinbase. Racism isn't generalized but specific to races and cultures. A person can be prejudice to just one category or many categories.
> the mechanics of crypto themselves prevent racial, gender, socioeconomic bias
mechanics and community are not one in the same, and crypto is still plenty susceptible to discrimination for any transactions that begin off-network (most all, humans are social creatures). While the mechanics help a small edge case or two, I don't really see any meaningful difference. What's the real material racism that crypto stops that other forms of payment or speculative trading fall victim to?
> I just wanted to point out that it's unlikely to be something endemic to the space.
I'm still not sure why that would be the case. FWIW I don't suspect it is either, but I don't see any reason it would be more or less than the tech community at large. In this case, Coinbase is reflective not of the subcateogry but of leadership.
> Access to financial services like loans for instance
> Along with our proven KYC/AML process, we review an applicant’s credit history and other information to assess for risk.
This still has all the normal hurdles for a loan. Just because the asset is on a ledger doesn't remove the human factor. Not to mention that a direct collateral backed loan is already very unlikely to get rejected at a traditional financial institution. I didn't find any actual crypto loan options that weren't collateral backed from a quick search. Am I missing other options?
Racism against Africans can be found internationally, but in this case we are talking specifically African-Americans. Being international does not mean diverse in this specific way, it just means diverse in terms of nationality. For a good example, as the article and many have highlighted, asian representation is not an issue at Coinbase. Racism isn't generalized but specific to races and cultures. A person can be prejudice to just one category or many categories.
> the mechanics of crypto themselves prevent racial, gender, socioeconomic bias
mechanics and community are not one in the same, and crypto is still plenty susceptible to discrimination for any transactions that begin off-network (most all, humans are social creatures). While the mechanics help a small edge case or two, I don't really see any meaningful difference. What's the real material racism that crypto stops that other forms of payment or speculative trading fall victim to?