The new Wild West: Why in the world the blockchain so few women
While corporations and governments of different countries have introduced quotas for women in boards of shareholders, Parliament or technical sphere, in the world, a industry, which by the beginning of 2018 has increased its capitalization to $ 700 billion — and it does not comply with any consensus on gender equality. It is, of course, the blockchain and cryptocurrency. Understand why new ignored women as cryptocurrency loved the "krasnolesnyy" and where to hold thematic conference in order not to offend anyone.
According to some estimates, last year bitcoin has brought investors eighty-five billion dollars, and only five of them were women. And 94.5% of people who invest in the cryptocurrency are male, according to Google Analytics. However, the Finance market is, in principle, restricted to women, they occupy only 9.4 % of 7700 jobs in the investment funds in 2015, but it's still more impressive than in the field of cryptocurrency.
Due to the fact that the blockchain has only recently become mainstream sphere, men cryptomnesia in the absence of reputational control has managed to create a small-town "bro-culture". The North American bitcoin conference, where of the 87 speakers only three were women, spent in a strip club in Miami. However, even for three places organizers had to fight — before that, it was just one.
Major market players release is with a woman in a swimsuit top and the words "Touch my ICO", Russia to hold beauty contest "Miss Blockchain". However, no jobs awareness of the cryptocurrency no — girls just participate in the parade. Guests of the contest for them very happy — a great opportunity "to find a rich man".
Cryptocurrency much like the radical men's rights activist Red Pill. On Reddit actively discussed how investing in cryptocurrency helps to avoid an equitable division of property: the presence of conditional bitcoins are easy to hide, and the laws of most countries still does not regulate this field. Some men gloat that his wife considered foolish by their passion bloccano, but divorce will not get a penny from the sudden growth of the cryptocurrency.
Exaggerated masculinity is one of the reasons why women came into the blockchain later than men. If now on the use of the technology say even leftist countries like Venezuela, a few years ago, its potential is not so conspicuous. The cryptocurrency used to buy three types of items: weapons, illegal pornography, drugs. Their sale is usually involved in men.
In addition, the first cryptocurrency was parochial fascination with the techno-geeks among which men most. The number of women in IT and technical fields is certainly growing, but equality is still very far away, so the disparity in the blockchain clearly reflects the General trend.
It is believed that women are less likely to engage in risky financial transactions. The famous study of the former trader John Coates, now a neuroscientist from Cambridge offers the hypothesis that men are more likely to take risks due to high levels of testosterone. And the more they risk, the higher the level of the hormone and, consequently, a tendency to irrational behavior. Women have an increasing dynamics, the researcher noted.
Exactly for this reason, a skeptical attitude towards crypto-currencies: if they are not invested careful women, then we are dealing with a bubble. Sam Coates hopes that women will become a stabilizing force in financial markets.
However, the results of his research disproved a team of Swedish economist Magnus Johannesson of. The researchers made a sample of two hundred women who have already passed menopause, some of them were given estrogen, the other a placebo, and the last testosterone and invited to play in the game, the result of which depends on the ability to take risks. The results of all three groups was about the same.
But women can be careful not because of biology and social expectation. The blockchain industry is often compared to the Wild West — a place for "brave men". Financial Times columnist Hannah Kuchler well describes this gap on the example of relations with own younger brother, who was persuaded to invest it in bitcoins a few years ago: "I Have a profession, diploma, credit card, and he later goes to bed and knows the cool music and traveling for a few months." The journalist believes that it is unwise to write off caution only in biology, while there is a whole system of expectations and constraints that affect the socialization of women.
"Women, pay attention to cryptocurrencies, otherwise man will once again hog all the money," warns Twitter venture investor Alexia Bonatsos. Her advice should be more girls. For example, Blythe masters — Prodigy from the world of Finance, who became Executive Director of the Bank JP Morgan in twenty-eight years and has developed technologies that changed the entire global credit system.
Three years ago the masters left mainstream Finance and launched a startup Digital Asset Holdings. He is developing software that will help banks and investors to use a blockchain in the financial market. "Now players will have to meet high demands on reporting and transparency of operations. As a result the cost is increased and total revenue decreased.
The blockchain will help to solve these problems," says masters, in an interview with Bloomberg. Followed her into the blockchain went another celebrity Elizabeth stark. Previously, she lectured on IT at Yale and Stanford, and is now engaged in the startup Lightning Labs testing technology to accelerate cryptocracy, which she also founded.
Women are gradually emerging in all areas of the industry. Cindy McAdam — President Xapo, one of the largest services cryptocell (the program that stores currency, protected by a special key). Pamela Morgan is the founder of the Third Key Solution — the company responsible for the security CryptoStream. But there are more creative solutions — so, an American singer-songwriter Tatiana Moroz launched a crypto currency "Tatiana coin", which should help the musicians to get fair payment for downloading and listening to their releases, and Julia Turianski runs a popular YouTube channel about anarchism, cryptocurrency, politics and relationships.
But the most interesting involvement of women in CryptoStream in developing countries — and their emancipatory potential. For example, Roya and Fereshteh mahboub the Foro launched Women's Annex, offering the girls to write blogs and earn money on advertising. However, it quickly became clear that many do not have credit card then payment of the transferred bitcoins.
For countries where women have limited rights, the blockchain is a great opportunity to gain financial independence. In Uganda, Tricia Martinez launched a blockchain platform Wala, which allows you to quickly and easily transfer small amounts. Many people in Uganda, there is no opportunity to regularly throw the money through traditional financial institutions because they are subject to the great Commission.
In the blockchain there are local activists. For example, in may this year, the event Agency CryptoFriends will hold the first conference on the blockchain, which will invite only women. And Caitlin Breitman, the co-founder of blockchain-based platform for digital contracts Tezos (she drew on ICO record 232 million dollars), has launched activist project "Attaque 51 %", promoting the idea that if someone would concentrate in their hands more than half the computing power of crypto-currencies, you will be able to fully control the blockchain.
While the industry continues to be male, however, the wider will be applied to the blockchain, the more women will be in her work — the States are already taking cryptocurrencies under control (as in South Korea) or use the blockchain for their needs (as in Estonia), so that soon the matter will reach to a gender imbalance in higher positions.