Bitcoin 2021 is known as the “largest Bitcoin event in history”, with 12,000 attendees from all over the world. There is no doubt that Bitcoin (Bitcoin) Adoption is Grow at an alarming rateHowever, judging from the number of participants in Bitcoin 2021, men still seem to be the main audience of Bitcoin.
Although the line leading to the bathroom is obvious, the number of female participants is far less than that of males, but at the Bitcoin Conference in 2021, the number of female speakers is also less than that of males.For example, only 27 women participated Bitcoin 2021 website, Consists of more than 150 speakers in total.
Although this is indeed the case, the 27 women who spoke at the 2021 Bitcoin Conference left a lasting impact. The female speakers of Bitcoin 2021 discussed many different topics, including regulations, technical aspects, legal requirements, etc.
Wyoming lays the foundation for Bitcoin innovation
U.S. Senator Cynthia Loomis of Wyoming discuss How the regulator encourages Bitcoin innovation in the country. Lummis and representative Warren Davidson participated in a panel discussion on “Bringing Bitcoin Innovation to the United States”.
Lummis started the discussion by explaining how she was involved in Bitcoin. She said: “I entered the Bitcoin space after serving as the Secretary of the Treasury of Wyoming. I am always looking for valuable storage.”
Lummis mentioned that Bitcoin is “interesting” in that it is very non-partisan and bipartisan at the same time. Therefore, she pointed out that this is a good space for those struggling with other issues that are decisive in Congress. “Bitcoin is a great’Switzerland’ place for us, where we can solve these problems and put some political consequences aside.”
Although Lummis made some noteworthy points, the audience appreciated her comments on Bitcoin’s use as an asset interconnected with the U.S. dollar:
“It can become a global basic network that maintains the U.S. dollar as a global reserve currency, but still allows people to trade in a way that loves freedom very much. Whether you are in Venezuela, where inflation is horrendous, and you are trying to transfer your wealth If you move abroad, you can use Bitcoin to move it out. And, in the United States, if we reach the level of inflation that we have seen this year, we may also need this alternative.”
Given Wyoming’s friendly stance on BitcoinNot surprisingly, Caitlin Long, CEO and founder of Avanti Financial Group, also spoke on Bitcoin 2021. Avanti Financial Group is a Wyoming bank that aims to link digital assets with the U.S. dollar payment system. Long spoke in a panel entitled “The Evolution of the Exchange” and put forward some insightful points.
For example, when asked about the centralization risks associated with exchanges, Long pointed out that the digital asset industry is making some of the same mistakes as traditional financial services:
“If you don’t have perfect information, you can’t have a perfect market. Intermediaries in this industry have not provided reserve certificates, nor have they voluntarily disclosed financial statements to understand the counterparty risks associated with them. In some cases, For futures contracts with a leverage of 100 to 1 or 125 to 1, the probability of loss is in the 90th percentile. If people knew they would almost certainly lose money, would they really trade?”
When asked about the spirit behind Avanti Financial, Long further stated that “the money Satoshi Nakamoto gave us is not debt” and pointed out that Avanti is committed to solvency rather than liquidity. “A lot of people are obsessed with liquidity, but Satoshi Nakamoto did not create anything designed to use leverage, nor does he care about liquidity,” she said. Long also suggested that the audience understand the circulation credit.
Bitcoin’s network effect explained
Lightning Labs co-founder and CEO Elizabeth Stark and Lyn Alden Investment Strategy founder Lyn Alden’s “Bitcoin for billionaires, not billionaires” fireside talk was also interesting. The focus of the discussion was the importance of Bitcoin’s network effects, and both Stark and Alden were very keen on this.
Alden explained that it is important to understand Bitcoin’s network effects when considering Bitcoin as an investment asset. The economist shared that initially, due to the open source nature of Bitcoin, it was easy to copy, coupled with its huge price operation in 2017, she was initially cautious about using Bitcoin as an asset class. However, over time, after observing the network effects of Bitcoin, Alden pointed out that digital assets can withstand its competitors while maintaining its strong and loyal community. “Over time, my beliefs continue to grow. When we encountered liquidity issues in early 2021, I finally said’I joined’,” she said.
After monitoring the network effects of Bitcoin for a period of time, Alden noticed that her interest extended to the second layer of payment protocol Lighting Network. She explained that in some respects, the second layer is more dependent on network effects than Bitcoin’s base layer, because the key limitation of the second layer is liquidity:
“Over time, the stronger it becomes, the more useful the network is as a valuable protocol. It is very important to monitor network effects to ensure that it continues to grow. This is separate from Bitcoin’s price fluctuations because of the fundamentals here. It is use cases and technological improvements, which are the key to Bitcoin’s success.”
Invest in the Bitcoin space for growth
Another famous female speaker of Bitcoin 2021 is Hong Fang, CEO of OKCoin. Fang spoke at the “Giving Back to Bitcoin” panel. At the meeting, she discussed how to prioritize investment in the Bitcoin sector, investment targets, and how to make the Bitcoin community scalable. “As of now, we have invested as much as US$1 million in sponsoring developers, which is about US$500,000 per year. For us, this is a considerable amount of money, but considering the funding needs of developers, it is only a sum of money. Small amount,” she said. Therefore, Fang pointed out that it is very important to maintain the diversification and flexibility of Bitcoin developers’ funds.
Alyse Killeen further raised interesting points about Bitcoin and decentralization during the “Invest in Bitcoin Ecosystem Group”. Killeen told Cointelegraph that the group is mainly concerned with risks that may arise when currencies are concentrated, such as inflation. With this in mind, she explained the importance of Bitcoin’s decentralization:
“One of the necessary conditions for a prosperous decentralized financial environment is to achieve decentralization at the base layer. It does not make sense to build decentralized finance on software controlled by the ruler. Bitcoin is a rule-enforced Software system, but no ruler.”
Bitcoin’s new legal requirements
As far as Keeling is concerned, there are many rules related to Bitcoin. Hailey Lennon, partner of Anderson Kill Law Firm, and Teana Baker-Taylor, general manager of Crypto.com UK, made this clear at the “Bitcoin Making Law” conference.
For example, Baker-Taylor explained the relationship between the Financial Action Task Force (FATF) and Bitcoin.She specifically explained the privacy issues brought about by the travel rules, which are designed to require individual encrypted users Provide information when sending or receiving Bitcoin Across any blockchain network. “How should we record and store this information, and who is responsible for storing it? Some measures must be taken to allow virtual asset service providers to comply with travel rules,” she said.
Lennon further touched on the topic of secondary market regulation and pointed out how great it is that the company now has different licensing options:
“All regulators want to play a supervisory role to ensure that consumers enjoy protection rights, to ensure that companies are sufficiently capitalized, and to develop compliance plans. The process of obtaining these licenses is tedious and expensive, but there are different options now.”
Art inspired by Bitcoin
It is worth mentioning that the Bitcoin Art Gallery of this event exhibited a female artist. The gallery displayed a series of exquisite artworks inspired by Bitcoin from different creators.
Muralist and mixed media artist Trew Love told Cointelegraph that she was discovered by NFT Glee, an irreplaceable token platform for artists and creators, and curated in its collection by NFT Glee Chief Marketing Officer Evie Phillips.
Love pointed out that when she heard that she had the opportunity to join NFT curation, she began to forge her collection. “I jumped on it and created a unique one-of-a-kind piece that includes Mike Tyson and a Bitcoin championship belt. I believe Bitcoin is the coin that rules everything,” she said.
Although a few female speakers discussed related topics on the Bitcoin 2021 stage, well-known female attendees have news to share with Cointelegraph.
Vanessa Grellet, Head of Portfolio Growth at CoinFund, told Cointelegraph that she plans to Achieve two main goalsGrellet pointed out that CoinFund will adopt a multi-strategy approach to launch various tools related to different strategies such as NFT, DeFi, and agriculture. “We want to create specific tools for investors and focus on these activities,” she commented. Secondly, Grellet explained that CoinFund will expand to Twin Coasts, including a location in Miami.
Lisa Nestor, Senior Director of Enterprise Ecosystem, Stellar Development Foundation, told Cointelegraph partnership Cooperate with blockchain payment company Wyre. Nestor pointed out that Stellar Network is providing support for the new Wyre Savings API, in which fintech companies can use USD coins to access savings products that earn income (USDC) On the Stellar blockchain.
In addition to women discussing company development and innovation, some women also expressed some insights on the quality of the meeting. Mandy Campbell, OKCoin’s content leader, told Cointelegraph that she heard many inspiring women at the Bitcoin Conference in 2021:
“It is obvious that more and more outstanding women are pushing Bitcoin forward every day, whether it is building technology or expanding its use. I have also seen many enthusiastic female supporters attending. Bitcoin is for everyone. Participate. The people at the meeting reflected this.”
Quality instead of quantity
Overall, although Bitcoin 2021 has significantly fewer female speakers and attendees than men, the event is still high-level, informative and interesting. However, looking ahead, as the topic gains momentum, the Bitcoin community may begin to see more women participating in meetings.
For example, Teodora Atanasova, VIP relationship manager and founding team member of the crypto-friendly bank Nexo, told Cointelegraph that Nexo sponsored the Bitcoin Art Gallery for Bitcoin 2021. Atanasova mentioned that she did not know that there was only one female artist in the gallery. Therefore, Atanasova said that she will ensure that more women appear in Nexo’s upcoming events.
“Bitcoin 2021 Art Museum started with a business-bringing together talents who already have a lot of concepts in common. As a company, Nexo supports a variety of businesses, but because we are particularly concerned about financial knowledge for women-therefore Have freedom-we hope to see more female artists come forward and participate as exhibitors in the next Bitcoin Art Exhibition gallery and move on.”