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Wednesday, September 18, 2024

Why Bitcoin’s male domination will be its downfall

Here's an interesting argument by Felix Salmon, although I think he is taking two correct observations and mistakenly attributing a cause-and-effect relationship to them: Bitcoin is going nowhere because women are not involved.

More likely, in my opinion, women are not involved in bitcoin because bitcoin is going nowhere (and they know it). Or maybe, simply, bitcoin is going nowhere and women are not involved. 

Why Bitcoin's male domination will be its downfall 

By Felix Salmon

Nathaniel Popper’s new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin. As its subtitle proclaims, the book tells the story of the “misfits” (the first generation of hacker-libertarians) and “millionaires” (the second generation of Silicon Valley venture capitalists) who were responsible for building Bitcoin, mining it, hyping it, and, in at least some cases, getting rich off it.

The tale is selective, of course: not everybody involved with Bitcoin talked to Popper, and the identity of Bitcoin’s inventor, Satoshi Nakamoto, remains a mystery. But Popper did talk to most of the important people in the cryptocurrency crowd, and he tells me that he put real effort into trying “to find a woman who was involved in some substantive way”.

The result of that search? Zero. Nothing. Zilch. Popper’s book features no female principals at all: the sole role of women in the book is as wives and girlfriends.

Keep reading Why Bitcoin's male domination will be its downfall | Fusion.

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