Dubbed as the “largest bitcoin event in history”, bitcoin 2021 was attended by 12,000 attendees from around the world. Of course, bitcoin (B T c) have to adopt growing at an impressive rate. Yet looking at the presence in Bitcoin 2021, men still seem to be the primary audience of bitcoin.
While the bathroom rows made it clear that there were not as many female attendees as males, there were also fewer female speakers than males in Bitcoin 2021. For example, only 27 women are depicted. bitcoin 2021 website, which has a total of more than 150 speakers.
Although this was the case, the 27 women who spoke on Bitcoin 2021 left a lasting impression. Women speakers at Bitcoin 2021 discussed many different topics, including regulations, technical aspects, legal requirements, and more.
Wyoming sets the stage for bitcoin innovation
United States Senator from Wyoming Cynthia Loomis discussed How regulators can encourage bitcoin innovation in the country. Loomis was joined by Representative Warren Davidson for the “Bringing Bitcoin Innovation Home to America” panel.
Loomis began the discussion by explaining how she became involved with bitcoin, saying: “I got into bitcoin after being a Wyoming State Treasurer. I was looking for great stores of value.”
Loomis noted that the “fun” thing about bitcoin is that it is very non-partisan and bi-partisan at the same time. As such, she notes that it is a great place for people who are grappling with other issues that are decisive in Congress. “Bitcoin is a great ‘Switzerland’ place for us, where we can work on these issues and set aside some of the political consequences.”
While Lumis made a number of notable points, the audience applauded his remarks regarding the use of bitcoin as an asset to interconnect with the US dollar:
“It could be a worldwide underlying network to keep the dollar a global reserve currency, but still allow people to transact in a very freedom-loving way. Whether you are in Venezuela, where inflation is outrageous and you Trying to get your money out of the country, you can get it out with bitcoin. And, the United States, if we get to the point where we’re going to experience the kind of inflation that we’ve seen. This year, we might want that option as well.”
Given Wyoming’s Friendly Stance To BitcoinIt should come as no surprise that Caitlin Long, CEO and founder of Avanti Financial Group – a Wyoming bank formed to bridge digital assets with the US dollar payment system – speaks on bitcoin 2021. Spoke for a long time on a panel called “Evolution of Exchange”. And made several important points.
For example, when asked about the centralization risks associated with exchanges, Long said that the digital asset industry is making some of the same mistakes as traditional financial services:
“You can’t have the entire market if you don’t have the right information. Intermediaries in this industry are not doing reserve-of-reserve and voluntarily disclosing financial statements to understand the counterparty risk associated with them. In some cases, with 100-to-1 or 125-to-1 leveraged futures contracts, the probability of loss is as high as the 90th percentile. Would people actually trade them if they knew they were guaranteed to lose money? is?
When asked about the ethos behind Avanti Financial, Long further remarked that “Satoshi gave us money that is not debt,” noting that Avanti is committed to solvency rather than liquidity. “Many people are obsessed with liquidity, but Satoshi doesn’t create anything designed for leverage and doesn’t care about liquidity,” she said. Long additionally advised viewers to learn about circulation credits.
Explaining the network effect of bitcoin
Also interesting was “Bitcoin for Billions, Not Billionaires,” featuring Lightning Labs co-founder and CEO Elizabeth Stark and Lynn Alden Investment Strategy founder Lynn Alden. The discussion focused on the importance of bitcoin’s network effect, something both Stark and Alden are very passionate about.
Alden explained that it is important to understand the network effect of bitcoin when looking at bitcoin as an investment asset. The Economist shared that, initially, she was wary of covering bitcoin as an asset class due to its open-source nature, which could easily be replicated, as well as its huge price run in 2017. However, after looking at bitcoin’s network impact over time, Alden noted that the digital asset could face its competitors while maintaining its strong, dedicated community. “Over time, my faith grew and grew. By the time we had the liquidity issue in early 2021, I finally said ‘I’m in,'” he said.
After monitoring bitcoin’s network effect for some time, Alden noted that his attraction extended to the Lightning Network, a layer-two payment protocol. He explained that in some ways, the layer-two aspect is more dependent on network effects than bitcoin’s base layer because the key limitation of the second layer is liquidity:
“The stronger it becomes over time, the more useful the network becomes as a protocol of value. It is important to monitor network effects so that it continues to grow. This is different from bitcoin price volatility, Because there are use cases and technical improvements in the underlying fundamentals, which are the key things to bitcoin’s success.
Investing in the Bitcoin Space for Growth
Another notable female speaker at Bitcoin 2021 was OKCoin CEO Hong Feng. Fang spoke on the “Giving Back to Bitcoin” panel, where he discussed how to prioritize investments in the bitcoin space, what to invest in, and how to make the bitcoin community scalable. “To date, our investment in sponsoring developers is up to $1 million, which is about $500,000 a year. For us, it is a significant amount, but when you think about the funding needs of developers, it There is a small amount,” she said. As such, Fang said it is important to keep bitcoin developer funding diverse and flexible.
An interesting talk about bitcoin and decentralization was put forward by Elise Killen during the “Investing in the Bitcoin Ecosystem Panel”. Killeen told Cointelegraph that the panel focused primarily on the risks that could occur if the currency was centralized, such as inflation. With this in mind, he explained the importance of decentralization to bitcoin:
“One of the essentials for the existence of a thriving decentralized financial environment is that decentralization exists at the base level. It makes no sense to build decentralized finance on software controlled by rulers. Bitcoin is a system of software enforced by rules. But there is an absence of rulers.”
New legal requirements for bitcoin
As for Killeen’s point, there are many rules associated with bitcoin. This was clarified by Hailey Lennon, partner at the Anderson Kill law firm, and Tina Baker-Taylor, general manager of Crypto.com UK, during a session “Bitcoin Makes the Law”.
For example, Baker-Taylor explained how the Financial Action Task Force, or FATF, relates to bitcoin. Specifically, she explained the privacy issues brought up by the Travel Rule, which aims to require individual crypto users to Provide information when sending or receiving bitcoins on any blockchain network. “How should we record and store this information, and who is responsible for storing it? Several things have to be put in place to allow virtual asset service providers to comply with travel regulations,” she said.
Lennon spoke further on the topic of secondary market regulations, noting how well it is now for companies to have different licensing options:
“All that oversight wants to do is a supervisory role and to ensure that there are consumer protection rights in place and that companies are well capitalized and have a compliance program in place. The process of obtaining these licenses is difficult and expensive, but There are different options now.”
art inspired by bitcoin
It is also important to mention that the event’s Bitcoin Art Gallery featured a female artist, which displayed a wide collection of bitcoin-inspired artwork from a variety of creators.
Muralist and mixed media artist True Love told Cointelegraph that they were discovered by NFT Glee – a non-fungible tokenization platform for artists and creators – and curated within its collection by Avi Phillips, Chief Marketing Officer of NFT Glee.
Love noted that when she heard about the opportunity to be involved in NFT Curation, she began building her own collection. “I jumped on it and created a special one-of-a-kind piece featuring Mike Tyson and a bitcoin champion winner belt. I believe bitcoin is the coin that rules it all,” he said.
While a handful of female speakers discussed relevant topics on stage in Bitcoin 2021, notable female attendees had news to share with Cointelegraph.
Vanessa Grelett, Head of Portfolio Growth at Coinfund, told Cointelegraph she plans to Achieve two main goals moving forward. Grelet noted that Coinfund will take a multi-strategic approach to launch various vehicles related to various strategies such as NFTs, DeFi, farming and more. “We want to create specific vehicles for investors and focus on those activities,” she commented. Secondly, Grelett explained that CoinFund will expand to become bi-coastal, including a location in Miami.
Lisa Nestor, Stellar Development Foundation’s Senior Director of Enterprise Ecosystems, told Cointelegraph about a new Partnerships With Wire, a blockchain payments company. Nestor noted that the Stellar network is powering a new wire savings API, where fintechs can leverage USD Coin to access yield-earning savings products (USDC) on the Stellar blockchain.
In addition to the women discussing the company’s growth and innovation, a few women shed some insight on the quality of the conference. OKCoin head of content Mandy Campbell told Cointelegraph that she had heard from several inspiring women in Bitcoin 2021:
“It is clear that more and more talented women are advancing bitcoin every day, both creating the technology and how it is being used. I also saw a lot of enthusiastic female supporters in attendance. and the people attending the conference have shown it.”
quality over quantity
Overall, while Bitcoin 2021 had significantly fewer female speakers and attendees than males, the event was still high-level, informative and fun. Going forward, however, the bitcoin community may begin to see more women participation in conferences as the topic gains momentum.
For example, Teodora Atanasova, VIP relations manager and founding team member at crypto-friendly bank Nexo, told Cointelegraph that Nexo sponsored the Bitcoin Art Gallery at Bitcoin 2021. Atanasova noted that she was not aware at first that only one female artist was depicted. Gallery. As such, Atanasova said she will ensure that more women are present and displayed at Nexo’s upcoming events.
“Bitcoin 2021 Art Gallery began as a cause – physically bringing together talents that were already a lot in concept. As a company, Nexo supports a variety of causes, but since we are financially Keeping literacy – and, thus, freedom – for women particularly close to our hearts, we would love to see more female artists step forward and participate as exhibitors at the next Bitcoin Art gallery. is.”