The Bitcoin community comprises of 96 percent of men, that implies that if all the things go as expected and the people adhered to it who find the values soaring in future get that value, then all the profits will end up going to what Brett Scott calls the “crypto-patriarchy.” The degree of inequality in the Bitcoin community “is ghastly, and getting worse, to an extent that makes a sub-Saharan African Kleptocracy look like a socialist Utopia,” said Scott.
Women using Bitcoin know how they are treated like an outsider. “It seems that the only Bitcoin community that particularly welcomes female participation is the NSFW subreddit r/GirlsGoneBitcoin,” said Victoria Turk. The website mentioned is basically a site where girls are paid in crypto-currency for posing nudes.
Consider talking about Bitcoin with the people who use it and you can find out that the language they use is always about technology and finance. The way in which Bitcoiners think is in terms of how things work rather how they are used in the real world. Despite years of development trading Bitcoin is still a very daunting task to many that shows that people are not concentrating on real-world ease-of-use.
There are generally three reasons behind buying Bitcoin: they think that the value in future will increase, they want to do something illegal, or they have ideological reasons. And if Bitcoin is ever going to be adopted on a broad level then it has to be appealing even to the citizens who abide by the laws, who have no idea about block-chain, and who have no particular beef whatsoever with fiat currencies.
That’s a job for product design, and honestly, it is a product design job that is well suited for women who are not approaching the problem while flailing through the ideological barriers held by the Bitcoin community. One woman involved with Bitcoin said, “Money is a political issue for Bitcoiners, and a human issue for everybody else.”
Bitcoin booster such as Venture capitalist Marc Andreessen has an interesting reaction when people criticize Bitcoin for being a community with male nerds only. Yes, they say, it is –just like the internet was, 20 years ago. In simple terms, rather than considering the homogeneity as a problem they treat it as being auspicious. And till now there are no evidences that they’re even attempting to fix it.
The gender inequality brings in other problem that is the fundamental weakness of the currency itself. If the patriarchy in Bitcoin prevails then the currency is never to make it for widespread adoption. Currently, all we can hope is that some female geeks might be welcomed by male geeks on Bitcoin related projects.
However, even if it takes place, it’s very far from being sufficient. The core purpose of Bitcoin is to solve a big socio-economic problem with the use of Technology. Thus, for as long as the male domination stays there, the focus will always be on economic problems, unheeding the biggest social problems.