There are not that many women in bitcoin startups and the bitcoin economy in general. Porn, drugs, and gambling are to blame, says Financial Times columnist Isabella Kaminska. CoinFox editor Nadezda Krasnushkina disagrees.

In an article published in early May, Kaminska said that the number of women in the bitcoin industry is rather small.

“I have been covering this story for more than two years and the first time I encountered a woman directly involved in a bitcoin venture was only last month”.

According to the article, the reason for the lack of interest in bitcoin among women is the absence of practical uses. Currently, the main advantages of bitcoin are in maintainig privacy and circumventing the need to trust others, but it is not as useful when in comes to shopping, says the reporter.

“Now consider the primary use of bitcoin on the internet: online gambling, drugs, black-market services, and pornography. It’s not preposterous to assume many of its male fans like the system precisely because it obscures proof of those transactions — perhaps from the women in their lives”.

CoinFox’s Senior Editor Nadezda Krasnushkina thinks this is nonsense.

“Bitcoin is a universal thing. It is not “men only” or “women only”. Yet it has the image of a “geek toy”. Most of the geeks are men and bitcoin is seen as a men’s toy”

The number of women in small  ventures is not very significant not only in the bitcoin industry, but in the digital sector as a whole. “Let’s count the number of woman in the digital economy. You will see the result”, says Krasnushkina.

The issue of gender inequality in the bitcoin world comes up in many discussions in the professional community. Several bitcoin conferences this year dedicated special sessions to women in the bitcoin economy. Earlier this year CoinFox reported on the anniversary of BitcoinMoms, a successful website that explains bitcoin in easy-to-understand terms and has received good feedback not only from “bitcoin mothers”.