Bitcoin Is A Key Part Of The Ongoing Cultural War and the Fight for the Future of Finance


Culture Wars are being fought on many fronts. Conservatives are fighting socially liberals, nationalists are defending the value of their nation against the globalists, and much more. The term culture war or culture conflict has different meanings depending on the time and place where it is used, as it relates to conflicts relevant to a specific area and era. It has come to signify different matters in the modern United States, Canada, Australia, Europe, and generally, all over the world.

A part of the culture war is being fought to give women the rightful herein this society. Traditionally, feminism was the way to do it, but now the lines seem to be blurred. Somewhere between the 1920s where to be given the right to vote and now, where there is some finding sexism in inanimate objects, things have been to say the least confusing. It is evident from this Tweet by lawyer Preston Byrne.

It's easy to sympathize with Byrne, but there is an issue with Bitcoin and women, especially in the developer community. The lack of women in cryptocurrencies is tied to the larger issue of how few women there are in tech and finance generally.

It is not hard to understand why many of the early followers of cryptocurrencies were mostly male games, designers and programmers. Combined with the fact that men are generally risk takers, it is not surprising that the early adopters were them.

There is another cultural war in Bitcoin and cryptos, that is old generations vs the newer ones.

In the future, we can expect more women to come into space, but the disparity will never be equal. We can see the trend of both Silicon Valley and Wall Street for an example. Even though they have had institutions for a long time and women are entering that industry increasingly, no sane person believes that one day there will be equal gender proportion.

According to a new eToro survey of 1000 online traders, 43 percent of millennial online traders place more trust in cryptocurrency exchanges than the United States stock market. On the flip side, the vast majority of Gen X respondents feel the opposite. Millennials that trade crypto unsurprisingly have more trust in the nascent asset class than the stock market, but one-third of millennials that don’t trade cryptocurrencies responded that they also trust crypto over the stock market.

The Bitcoin community has a reputation for being outspoken and approaching new ideas with a rigor not found in other cryptocurrency communities. Sometimes this is viewed as “toxic” by outsiders. However, when communities don’t embrace candid discussion, they risk becoming frail and vulnerable.

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