The women who made an impression at Bitcoin2021 in Miami

Although there were fewer female presenters at Bitcoin 2021, the women who did speak were outstanding. This is why.

The women who made an impression at Bitcoin2021 in Miami

Bitcoin 2021, as "the largest Bitcoin event in history," drew 12,000 people from all around the world. Bitcoin (BTC) use is unquestionably increasing at a rapid pace. Men, however, appear to be the dominant audience for Bitcoin, based on the attendance at Bitcoin 2021.

While the lines to the restroom revealed that there were far fewer female attendees than males, there were also fewer female speakers at Bitcoin 2021 than men. On the Bitcoin 2021 website, for example, just 27 women are listed out of a total of over 150 speakers.

Despite this, the 27 women who did speak at Bitcoin 2021 left an indelible impression. The women who spoke at Bitcoin 2021 covered a wide range of issues, including rules, technological elements, legal needs, and more.

Wyoming is laying the groundwork for Bitcoin innovation.

Senator Cynthia Lummis of Wyoming talked about how authorities might foster Bitcoin innovation in the country. Representative Warren Davidson joined Lummis on the panel "Bringing Bitcoin Innovation Home to America."

Lummis kicked off the conversation by discussing how she became interested in Bitcoin after serving as Wyoming State Treasurer, adding, "I got into Bitcoin after becoming Wyoming State Treasurer." I was looking for amazing value stores.”

The "exciting" thing about Bitcoin, according to Lummis, is that it is both non-partisan and bi-partisan at the same time. As a result, she says it's a fantastic place for individuals battling with other pressing issues in Congress. “Bitcoin is a fantastic ‘Switzerland' for us, where we can work on these challenges while ignoring some of the political ramifications.”

While Lummis made several noteworthy remarks, the audience applauded her remarks about Bitcoin's use as a currency to connect with the US dollar:

“It might be the underlying network that keeps the dollar as the global reserve currency while allowing individuals to transact in a highly libertarian manner. Whether you're in Venezuela, where inflation is out of control, and you're trying to get your money out, you can do so using Bitcoin. And, in the United States, if we come to the point where we have the kind of inflation we have this year, we might want to consider that option as well.”

Given Wyoming's pro-Bitcoin stance, it's no surprise that Caitlin Long, CEO and founder of Avanti Financial Group, a Wyoming bank that aims to connect digital assets to the US dollar payment system, spoke at Bitcoin 2021. Long spoke on a panel called "Evolutions of Exchanges" and made several interesting observations.

Long, for example, remarked that the digital asset market is making some of the same mistakes as traditional financial services when asked about centralization issues connected with exchanges:

“If you don't have perfect information, you can't have ideal markets.” This industry's intermediates are not doing proof-of-reserves or voluntarily releasing financial statements to comprehend the counterparty risk they face. In some circumstances, the likelihood of loss with 100-to-1 or 125-to-1 leverage future contracts is in the high 90th percentile. Would people trade those if they knew they were almost certainly going to lose money?”

When asked about the Avanti Financial concept, Long added, "Satoshi provided us money that isn't debt," emphasizing that the company is focused on solvency rather than liquidity. “A lot of people are fascinated with liquidity,” she explained, “but Satoshi didn't develop anything designed to be leveraged and didn't care about liquidity.” Long also recommended that the audience understand about circulation credit.

The network effect of Bitcoin is explained.

The fireside chat "Bitcoin for Billions, Not Billionaires" with Elizabeth Stark, co-founder and CEO of Lightning Labs, and Lyn Alden, creator of Lyn Alden Investment Strategy, was also fascinating. The focus of the conversation was on the relevance of Bitcoin's network effect, something both Stark and Alden are passionate about. 

When evaluating Bitcoin as a financial asset, Alden said that the network effect is critical to comprehend. The economist admitted that she was initially hesitant to cover Bitcoin as an asset class because of its open-source character, which could be easily copied, as well as its meteoric price rise in 2017. However, after observing Bitcoin's network impact over time, Alden concluded that the digital asset may outlast its competitors while still maintaining a strong, loyal following. “Over time, my belief grew stronger and stronger. That's when I finally decided, 'I'm in,'" she said, referring to the early 2021 liquidity issue.

After spending some time observing Bitcoin's network effect, Alden discovered that she was also fascinated by the Lighting Network, a layer-two payment mechanism. She emphasized that, in some ways, the layer-two element of Bitcoin is more reliant on the network effect than the base layer, because the second layer's main limitation is liquidity:

“The more robust this becomes over time, the more valuable the network becomes as a protocol. It's been crucial to keep an eye on the network effect to determine if it's still growing. This is distinct from Bitcoin's price changes, as the underlying foundations are use cases and technological advancements, both of which are critical to Bitcoin's success.”

Investing in the Bitcoin space in the hopes of seeing it expand

Hong Fang, CEO of OKCoin, was another important female speaker at Bitcoin 2021. Fang appeared on the panel "Giving Back to Bitcoin," where she highlighted how to prioritize Bitcoin investments, who to invest in, and how to scale the Bitcoin community. Our total commitment in supporting the developers has reached $1 million, or around $500,000 a year. This is a considerable sum of money to us, but when compared to the financial needs of developers, it is a pittance,” she explained. As a result, according to Fang, it's critical to keep Bitcoin developer financing diverse and adaptable.

During the “Investing in the Bitcoin Ecosystem Panel,” Alyse Killeen made an interesting point about Bitcoin and decentralization. According to Killeen, the panel primarily discussed the hazards that can arise when money is centralized, such as inflation. With this in mind, she emphasized why Bitcoin's decentralization is so important:

“Decentralization at the base layer is one of the prerequisites for a healthy decentralized finance environment to exist. Decentralized finance cannot be built on software that is controlled by rulers. Bitcoin is a software-based system governed by rules but without rulers.”

Bitcoin now has new legal obligations.

There are a number of rules linked with Bitcoin, as Killeen points out. During the “Bitcoin Makes the Laws” event, Hailey Lennon, partner at Anderson Kill law firm, and Teana Baker-Taylor, general manager for U.K., made this obvious. 

Baker-Taylor, for example, discussed the Financial Action Task Force's (FATF) relationship with Bitcoin. She went on to discuss the privacy concerns raised by the Travel Rule, which tries to have individual crypto users give information when transferring or receiving Bitcoin across any blockchain network. “How are we going to record and store this data, and who will be in charge of doing so?” To allow virtual asset service providers to comply with the Travel Rule, a number of things must be put in place, she added.

Lennon went on to discuss secondary market restrictions, emphasizing how beneficial it is for businesses to now have a variety of licensing options:

“All of the oversight is intended to serve as a supervisory role, ensuring that consumer protection rights are in place, that corporations are well-capitalized, and that they have a compliance program. The procedure of obtaining these permits is time-consuming and costly, but there are now alternatives.”

Bitcoin-themed artwork

It's also worth noting that the event's Bitcoin art exhibition, which showed an impressive collection of Bitcoin-inspired artwork from diverse producers, featured one female artist.

Trew Love, a muralist and mixed media artist, told Cointelegraph that she was discovered by NFT Glee, a nonfungible token platform for artists and creators, and that Evie Phillips, NFT Glee's chief marketing officer, curated her work into its collection.

Love stated that she began minting her collection as soon as she learned about the opportunity to join the NFT curation. “I jumped on it and made an exclusive one-of-a-kind painting with Mike Tyson and a Bitcoin champion winning belt,” says the artist. She stated, "I believe Bitcoin is the coin that will rule them all."

Attendees of Note

While a few female presenters spoke on stage at Bitcoin 2021 about pertinent themes, significant female guests had news to share with Cointelegraph.

Vanessa Grellet, CoinFund's head of portfolio expansion, told Cointelegraph that she has two key priorities for the future. CoinFund will use a multi-strategy approach to introduce numerous vehicles relating to various tactics like as NFTs, DeFi, farming, and more, according to Grellet. She stated, "We want to build special vehicles for investors and focus on such operations."

The Stellar Development Foundation's senior director of enterprise ecosystem, Lisa Nestor, briefed Cointelegraph about a new cooperation with Wyre, a blockchain payments startup. Nestor mentioned that the Stellar Network is supporting a new Wyre Savings API, which allows fintechs to access yield-earning savings products using the Stellar blockchain's USD Coin (USDC).

In addition to discussing corporate growth and innovation, other ladies provided feedback on the conference's quality. Mandy Campbell, OKCoin's head of content, told Cointelegraph that she met many amazing women at Bitcoin 2021:

Also read: Has Bitcoin DeFi project Sovryn truly overcome Uniswap v3 by TVL, as Pomp claims?

“It's evident that every day, more and more bright women are pushing Bitcoin forward, both in terms of technology and in terms of how it's used. There were also a number of fervent female supporters in attendance. “Bitcoin is for everyone, and the attendees at the conference reflected that.”

Prioritize quality over quantity.

Despite the fact that there were far less female speakers and attendees at Bitcoin 2021 than men, the event was nevertheless high-level, instructive, and entertaining. However, as the Bitcoin community grows in popularity, women may begin to show up at conferences in greater numbers.

Nexo sponsored the Bitcoin art exhibition at Bitcoin 2021, according to Teodora Atanasova, VIP relations manager and founding team member of crypto-friendly bank Nexo. Atanasova stated that she was previously unaware that the gallery included only one female artist. As a result, Atanasova stated that she will ensure that more women attend and are featured at Nexo's next events.

Also read: JPMorgan sees weak Bitcoin futures as a warning sign for a bear market

“The Bitcoin 2021 Art Gallery began as a cause — physically bringing together talent who shared a lot of conceptual similarities. Nexo supports a variety of causes as a company, but because financial literacy — and hence freedom — for women is very important to us, we'd like to see more female artists step forward and exhibit at the next Bitcoin Art Gallery in the future.”

Continue to read more Bitcoin related latest news SM MEDIA

Post a Comment