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posted by janrinok on Thursday January 04 2018, @12:36PM   Printer-friendly
from the innovators-or-gamblers dept.

The CBC reports, http://www.cbc.ca/news/business/bitcoin-s-gender-divide-could-be-a-bad-sign-experts-say

Bitcoin, and the world of cryptocurrency, is a boys' club, say some experts, and that should be cause for concern.

Google Analytics results put the divide at 96.57 per cent men to 3.43 per cent women: https://coin.dance/stats/gender.

That's a huge red flag to Duncan Stewart, research director of Deloitte Canada's technology division. "It isn't merely that the value has risen as far and as fast as it has; it's the fact that it's 97 per cent men — that is, in and of itself, a potential danger sign," he says. "There are studies out there that suggest men are predisposed towards bubbles in a way that women are not."

Stewart made his case in a recent online post about the subject: https://www.linkedin.com/pulse/bitcoin-bubble-gender-split-says-probably-duncan-stewart/?trackingId=LlXWi2rCxUW0itfA92%2BhSQ%3D%3D

Stewart said he "cannot think of any security, currency or asset class in history that shows that extreme a gender divide and has been sustainable."

[...] Iliana Oris Valiente is a rarity in the cryptocurrency world. She has emerged as a female leader in this space and was recently chosen to lead consulting firm Accenture's global blockchain innovation division. Oris Valiente doesn't buy into the theory that an outsized amount of male interest in a particular asset in and of itself creates a bubble. "If we have primarily men involved in building the businesses and being the early-stage investors, they're likely to share the new tidbits and the new deals with their own established networks."

But without a major catalyst, she doesn't see the gender divide in this field narrowing anytime soon.


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  • (Score: 0) by Anonymous Coward on Thursday January 04 2018, @07:12PM (1 child)

    by Anonymous Coward on Thursday January 04 2018, @07:12PM (#617885)

    Well, most of it has some other properties. Fungibility is one of those that BTC doesn't have (monero does though). Another property is the ability to exchange it in a timely manner. Theoretically, bitcoin will get there once Lightning is rolled out, but for now, it takes an insane amount of time to transfer it. And where did everyone go who years ago touted how Bitcoin didn't cost as much to send as money does with banking organizations? I've never seen a $20 credit card transaction fee...

    Crypto is here to stay, I'll happily admit, but Bitcoin's days may be seriously numbered.

  • (Score: 2) by The Mighty Buzzard on Thursday January 04 2018, @08:28PM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Thursday January 04 2018, @08:28PM (#617929) Homepage Journal

    Agreed. It was obviously designed by someone who was either shitty at economics or shitty at programming.

    --
    My rights don't end where your fear begins.