The problem with Bitcoin adoption

[josef2000]

Content:

Fusion's Felix Salmon delves into the seedy underbelly of the Bitcoin world and comes up with the real problem with cryptocurrency: the community is 96% men.

Here's Salmon:

Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere.

It's hard to have a currency that leaves out 50% of the population.

Source: http://uk.businessinsider.com/bitcoin-needs-women-to-be-relevant-2015-4

My opinion:
This is somehow true. Most women do not have the knowledge of cryptocurreny and do not start using it for the reason. These tech-based things is mainly made for men, just like video games and computers. Women have no huge interest in such things, thats the main problem.
Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

[Erza]

Content:

Fusion's Felix Salmon delves into the seedy underbelly of the Bitcoin world and comes up with the real problem with cryptocurrency: the community is 96% men.

Here's Salmon:

Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere.

It's hard to have a currency that leaves out 50% of the population.

Source: http://uk.businessinsider.com/bitcoin-needs-women-to-be-relevant-2015-4

My opinion:
This is somehow true. Most women do not have the knowledge of cryptocurreny and do not start using it for the reason. These tech-based things is mainly made for men, just like video games and computers. Women have no huge interest in such things, thats the main problem.
Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

Nope I dont hink so. This tech based thing is made for everyone and there is no hedge that protect this from women. Altough women have no huge interest in bitcoin, it doesnt mean that there is not impossible that women play bitcoin

[Amph]

Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

women are more emotional, not really more social, but there is another thread talking about this, with suggestions that see adding bitcoin in shoes's store(dress shop ecc...), or other things related to the needs of women

[hmmkay]

Gender is no problem. Only techsavvy people are in this right now.

Imo there are the following problems for adoption:

For the average person it's difficult to use.
Having to trust some digits in a program.
Having to choose from 'a zillion' wallet options/websites. Most people don't like many options...

[Kprawn]

Not the gender thing again...   There is NO difference between Men and Women when it comes to Bitcoin.

They cannot even use simple math {If 90% of Bitcoin users are Men, they cannot say 50% of people are excluded}

My wife is my equal, and she also use Bitcoin every day.... the same goes for my daughter and all her female friends. When we go to Bitcoin meetup's, they not charging different prices at the door for Men and Women... or tell them to sit at the back. 

[futureofbitcoin]

articles like these are extremely harmful because those mindless feminists* will be like "OMG!1!11 ONEONE! BITCOIN IS SEXIST" and spread negative lies about bitcoin to stop people from using it.


*I feel obligated to be politically correct and say that not all feminists are mindless, but my honest opinion is that in the current world, there is very little rational reason to be a feminist, other than say support women's rights in muslim countries or something.

[smooth]

Totally normal for the early stage of every single tech trend in the history of the world, and frankly an absurdly sensational and possibly malicious article.

There is a reasonable question whether Bitcoin still being in such an early stage after 6 years is a problem, but the article didn't present it that way.

[Mutley]

Gender is no problem. Only techsavvy people are in this right now.

Exactly. This article and ones similar that have come out recently are bs. You could say the same about any industry or new tech. I doubt there were many women involved with the internet or computers initial but look at us now. More and more women will get on board over time naturally but its not an issue and we shouldn't go out of our way to try get women involved just because.

[dothebeats]

Not the gender discussion again. It's just that most of the tech-savvy people in the world are comprised of men, but in all fairness, there are also girls who excelled in the field of technological advancements. Well I know certain girls who possess knowledge about bitcoin far greater than I have, and I'm not surprised by that fact.

[Rampton]

These articles have been shot down several times already. They're usually written by either angry feminists or white knights (usually the latter). Women are involved in bitcoin but it's to be expected that there are far fewer than men. There are far fewer women chess players and architects etc but that doesn't mean anything.

[El Emperador]

It's always difficult to do a generalization about billions of people and I also don't want to write a  comment, but - in general - I think women are more conformist than men and aren't so open about 'alternative' things like Bitcoin actually still is. Women usually search more stable things and are more confortable with what masses do.
That's the reason there are few female people attracted by 'alternative' forms of art. They are more inclined to what os more popular... this is a general comment, there are  obviously exceptions.

[MicroGuy]

My opinion:
This is somehow true. Most women do not have the knowledge of cryptocurreny and do not start using it for the reason. These tech-based things is mainly made for men, just like video games and computers. Women have no huge interest in such things, thats the main problem.
Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

Here is the problem.

Both women and men must have a reason to use bitcoin, otherwise it will never become a genuinely competitive currency. Why would Sally Smith or Joe Sixpack go to a store and pay with bitcoin? What would be their motivation? How would that make their lives better? What would be the process?

Bitcoin has its uses, but those uses are limited to niche users and markets. Why would the common man take an unnecessary step to buy something. Why would the consumer take the additional step of buying bitcoins so they can then go out and buy what they could have already bought with their visa card.

The answer is, they never will.

[smooth]

My opinion:
This is somehow true. Most women do not have the knowledge of cryptocurreny and do not start using it for the reason. These tech-based things is mainly made for men, just like video games and computers. Women have no huge interest in such things, thats the main problem.
Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

Here is the problem.

Both women and men must have a reason to use bitcoin, otherwise it will never become a genuinely competitive currency. Why would Sally Smith or Joe Sixpack go to a store and pay with bitcoin? What would be their motivation? How would that make their lives better? What would be the process?

Bitcoin has its uses, but those uses are limited to niche users and markets. Why would the common man take an unnecessary step to buy something. Why would the consumer take the additional step of buying bitcoins so they can then go out and buy what they could have already bought with their visa card.

The answer is, they never will.

Bitcoin has to find markets to serve that aren't well served by e.g. credit cards. I don't know what those are. Maybe the unbanked. Maybe the third world. Maybe it's people seeking refuge from an unstable fiat monetary and banking system. Maybe it's libertarians with a political agenda. Maybe its none of those. The one thing I know is that it isn't Sally Sixpack in the West using it instead of a credit card for no good reason at all. None of these preclude women being involved, as happens with every other technology that moves past the extreme early adopter phase.

[Daniel91]

I don't think that that bitcoin adoption problem is connecting so much with gender.
Both women and man use regularly credit cards and other financial instruments so it's obvious that women have no problem in using new technologies and financial services.
The real problem with using Bitcoin is that it is not yet globally accepted and its value is quite unstable, which still don't motivate so many people to start using it, both man and women.
Hopefully, this will change soon.

[Slark]

Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

women are more emotional, not really more social, but there is another thread talking about this, with suggestions that see adding bitcoin in shoes's store(dress shop ecc...), or other things related to the needs of women

It is just women tend to show their emotions a lot more on the outside. Men are emotional as well, but they are just not showing it for everyone to see. Bitcoin is dominated by me and it is normal because IT technology is not really women domain. How many professional women who can code on high level do you know? Bitcoin is just in early phase, when it will be widely adopted by merchants - women will appear.

[futureofbitcoin]

My opinion:
This is somehow true. Most women do not have the knowledge of cryptocurreny and do not start using it for the reason. These tech-based things is mainly made for men, just like video games and computers. Women have no huge interest in such things, thats the main problem.
Women are more social than men? Im not sure. We need to somehow encourage women to use it, they will more likely spread it around the world than men just sitting in front of the computer.

Tell me your thoughts

Here is the problem.

Both women and men must have a reason to use bitcoin, otherwise it will never become a genuinely competitive currency. Why would Sally Smith or Joe Sixpack go to a store and pay with bitcoin? What would be their motivation? How would that make their lives better? What would be the process?

Bitcoin has its uses, but those uses are limited to niche users and markets. Why would the common man take an unnecessary step to buy something. Why would the consumer take the additional step of buying bitcoins so they can then go out and buy what they could have already bought with their visa card.

The answer is, they never will.

Bitcoin has to find markets to serve that aren't well served by e.g. credit cards. I don't know what those are. Maybe the unbanked. Maybe the third world. Maybe it's people seeking refuge from an unstable fiat monetary and banking system. Maybe it's libertarians with a political agenda. Maybe its none of those. The one thing I know is that it isn't Sally Sixpack in the West using it instead of a credit card for no good reason at all. None of these preclude women being involved, as happens with every other technology that moves past the extreme early adopter phase.

Haha, I'm sure that's intentional

I'm thinking maybe bitcoin will end up as kind of 2 currencies in 1. What I mean is, on one hand, it will enable the poor, unbanked people a chance to access certain financial instruments, and cheaper remittances, things that poor people needs. This will be a somewhat closed system, as no one outside of the system really needs to enter it. But this will also be a very small portion of the available bitcoins.

The rest of the bitcoins will be purposely withheld by the rich elite. Because remittances and such are worth pretty much a set amount, the fewer bitcoins you allow in that system, the more each bitcoin will be worth. So the rich elite will keep the vast majority of the bitcoins, and it will be a store of value like gold, and traded amongst the rich. There's no incentive for anyone to move these bitcoins to the other system, as that will devalue bitcoin.

So you end up with 2 almost separate systems that don't really have much to do with each other other than setting the price.

[CryptoPanda]

Women are not fascinated by technology as much as men. If you give them significant shopping discounts though, they will adopt it overnight.
Don't want to be sexist or anything, it's just the way it is.

[Beliathon]

Tell me your thoughts

I think capitalism is a train coming off the rails, and it's not going to matter in what form our wealth is stored when we look out the windows and suddenly notice there is no ground in sight.



We will need to get awfully creative soon. Or perhaps it will once again be time for a bunch of us to die together, so the survivors can learn the lesson. Guess we'll find out.

[yayayo]

It is just women tend to show their emotions a lot more on the outside. Men are emotional as well, but they are just not showing it for everyone to see. Bitcoin is dominated by me and it is normal because IT technology is not really women domain. How many professional women who can code on high level do you know? Bitcoin is just in early phase, when it will be widely adopted by merchants - women will appear.

Exactly. Women are neither more social nor more emotional than men. They simply have other preferences.

The "article" is complete idiocy. The fact that the Bitcoin sphere is dominated by men has zero implications pertaining to its potential success. Simply because men are more interested in early stage technology (which comes with usability drawbacks) does not mean that women are left out. Women will join at a later stage, when usability has improved and the perception of risk is lower.
You could construct the same arguments for gold and silver: Most people in the mining industry are men. So precious metals are dominated by men and will not be useful/valuable at all, because women are left out.

Bitcoin is neutral technology, it will succeed simply because it is useful, not for being "social". Of course people (women) can use Bitcoin to do social things. But solving "big social problems" is not at all a requirement for success.

ya.ya.yo!