Skip to comments.Women in Cryptocurrencies Push Back Against ‘Blockchain Bros’
Posted on 02/26/2018 4:02:07 PM PST by nickcarraway
When a cryptocurrency start-up that promised to revolutionize the fruit and vegetable industry shut down last month, it left behind one word on its website: penis.
When a virtual currency company called DateCoin recently tried to entice investors for its initial coin offering, it posted a Facebook ad that featured a reclining woman in a swimsuit with text over her body that read, Touch my I.C.O.
And after the North American Bitcoin Conference in January, which highlighted 84 male speakers and three women, the official conference party was held at a Miami strip club.
Virtual currencies and blockchain, the digital ledger that forms the basis of the cryptocurrencies, were intended to be democratizing and equalizing forces, buoyed by a utopian exuberance. But women who have been trying to participate in the gold rush are finding a lopsided gender divide. And some say the culture is getting worse, with the male-dominated culture buoyed by a new fleet of wealthy crypto speculators known as blockchain bros.
That means the budding world is already in danger of looking like the rest of the technology industry, where women are decidedly a minority. Some studies estimate that women account for only 4 percent to 6 percent of blockchain investors. That imbalance matters because the early days of an industry are often when the fortunes are made and those big winners then choose whom to invest in and what to build next, launching a cascade of consequences.
Now, some early female investors and entrepreneurs are beginning to sound the alarm and push back.
Women, consider crypto, Alexia Bonatsos, a venture capitalist, wrote on Twitter. Otherwise the men are going to get all the wealth, again.
Some crypto leaders are now organizing events, clubs and conferences to attract women to the industry. Ms. Bonatsos spoke at
(Excerpt) Read more at nytimes.com ...
partly trend, partly future.
What will kill this is when the US gov’t makes it illegal. And why would they gov’t do that? Because they can’t track certain types of crypto currencies (like Monero). And they don’t want competition with the USD.
However, I expect the gov’t to eventually go with blockchain for the dollar. Because then they can trace everything you do and it prevents counterfeiting.
They might mean Blockchain Bras.
“What will kill this is when the US govt makes it illegal. “
It is already against the law to coin money. But many cities have done so, especially in the 1930’s. Frankly, I am surprised that the government hasn’t stepped in. I suspect they are watching to see how this develops.
I’m gonna guess it’s for the same reasons that women aren’t the powerhouses in any aspect of finance and money and cutting edge technology. And as nesters, they have low risk tolerance.
Same reason they didn’t settle the west and send out for mail order husbands.
Is everything racist sexist etc, if we don’t see proportional representation of any group of people involved in every activity in life???
So now Bitcoin etc is sexist?????
“Im gonna guess its for the same reasons that women arent the powerhouses in any aspect of finance and money and cutting edge technology. And as nesters, they have low risk tolerance.”
As a woman,I agree. Women have strengths,but different strengths.
I think I saw a similar headline in 1997 or so:
“Women in Toy Market of Artificial Scarcity Push Back Against Beanie Baby Bros”
Feminists have finally figured out that there was a speculative boom, it’s already going bust and here they are recommending that women get into it because the percentages don’t look pretty to them. Of course they’re darkly hinting at sexism as always. Well, no...
Like Joe Kennedy’s shoeshine boy recommending stocks, I think the bloom is really, truly, officially off the cryptocurrency rose now.
Sex sells, and trying to legislate or shame people over it is NEVER going to work.
Modern day Puritanism is stupid. How about, if you don’t like it, don’t buy it.
Or, maybe, start your own and see how it works out for you!
I do own bitcoin and several other crypto coins, along with several stocks into blockchain and I didn’t get into any of them from the advertising ...
I think the bloom is really, truly, officially off the cryptocurrency rose now
AND, you will be proved wrong...
Show me the company positioned to capitalize upon the application of blockchain with a profitable product, great sales prospects and a publicly traded stock, you know, a prospectus.
Rampant speculation upon the supposed currency itself does not count.
I love these folks that think information can only come from someone their same sex or lifestyle choice.
Give me a break!
So don’t go to the strip club. When I was married, I did’t. Haven’t gone after the divorce either. Big whoop!
I never realized how stunted my education was by having adult women teachers for my first eight years.
People that fixate on this stuff are clowns.
They sure do, and thank heaven for that.
“But women who have been trying to participate in the gold rush are finding a lopsided gender divide.” - They need to recruit more women, not attack aggressive risk-taking men. Like the job market in general, they’ll find many women very risk-averse; easier to be a school teacher than a scientist.
“Some studies estimate that women account for only 4 percent to 6 percent of blockchain investors.” - The ultimate “fake news” red flag: “Some...”
Women, consider crypto, Alexia Bonatsos, a venture capitalist, wrote on Twitter. Otherwise the men are going to get all the wealth, again. - Oprah agrees.
1. The tech industry may be dominated by young men, but that does not mean it is oppressive to women any more than medicine being dominated by women is oppressive to men.
2. Women with the credentials and expertise are in demand in these startups as is anyone else ... just fewer women choose IT and even fewer the risk of crytpocurrencies OR startups that may not pay you anything.
3. Spoken as a woman in IT, and the fact I have to say that to have any weight with liberals in the discussion is proof of the problem with identity politics.
Do your own due diligence. I am NOT your stock broker.
Hahaha, that would be a “no” then, if you’ve managed to locate and invest in such a company you’d be shouting from the rooftops talking it up and talking your book.
There is no such thing. There’s just speculation on the supposed “currency” itself.
No, it means that legally, I am not going to offer any “advise” on stocks as I am not a stock broker. Investors should do their own due diligence.
I already said that I have bitcoin and other cryptos, along with many stocks that invest in blockchain.
If you don’t want to buy them, then don’t. I am not trying to steer anyone into investing anything they don’t want to.
Side note: I shoot craps at the casino also, but I don’t advocate for anyone to do that either, unless they want to.
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