The 27-year-old has certainly made a name for herself in the world of Bitcoin.
She founded the CDC in July of last year. The trade association's purpose is to advocate for Bitcoin not just on Capitol Hill, but amongst the regulatory maze that is Washington.
Previously, Boring served as a White House intern, a legislative aide to a Florida Congressman, and a journalist with her own blog ("Boring Bitcoin Report").
Boring has become one of the strongest voices for Bitcoin in the country. On Coinfilter's "Top 40 Women of Bitcoin" list, Boring clocks in at No. 1.
In Part II of our interview, we discuss the role of women in Bitcoin as well as some of the reasons why she's so enthusiastic about the digital currency.
The Perianne Boring Interview: Part II
MONEY MORNING: A couple of weeks ago, Felix Salmon wrote an article for Fusion that basically said that the lack of women in Bitcoin would be the death of Bitcoin. What was your reaction to that?
PERIANNE BORING: Historically there have not been a lot of women in the tech industry or the finance industry. So it's not surprising that when we merge those two together there's not a lot of women. There's certainly a lot of opportunity for women, there's certainly a lot of need for women in the industry. And the community would be very smart to embrace more women into this ecosystem.
"The community would be very smart to embrace more women into this ecosystem."
And I say this because when we look at Bitcoin and we look at digital currencies and digital payments, who controls the purse strings of the household? It's women. Women control consumer spending. And if you talk with the CEOs and the entrepreneurs of these fintech companies one of the big challenges is the consumer adoption piece, and how do you get this into the hands of consumers. And I believe that route will be through women. And so it would be very, very smart for those who are using this technology and building out the infrastructure for the future of digital payments to get more women involved.
MM: In the time you've been involved with Bitcoin, over the past few years, have you seen male-to-female ratios improve?
PB: I don't know if that's getting much better. We're certainly seeing a lot of statistics that have grown year over year. For one, GitHub repositories grew five times year over year. So that would be a measure of the intellectual capital that's going into the ecosystem. Daily transaction volume has doubled year over year. And there are other statistics that are showing the industry is growing. Whether that's changing the male-to-female ratio or not that's hard to say. But when we start seeing these basic pieces of the infrastructure, from the intellectual capital to the daily transaction volumes to the number of merchants that are beginning to accept Bitcoin – those are really the first steps of getting to that consumer adoption piece. And again, I don't think consumer adoption is going to take off unless women are involved in this in a more direct way.
But these basic pieces of infrastructure are going to be important to get to that consumer piece. Another piece that's extremely important is the regulatory public policy piece. The government clarity, the government overhang. That is the number one threat to the future of digital currency.
And this is the issue that I have dedicated my career to – for the digital currency industry to get the regulatory public policy piece of that basic infrastructure right. We're not going anywhere without that. In fact I think that can pose some very serious limitations on the growth of the industry. So whether that's a measurement of the male-to-female divide, I don't know. I think we should focus on the greater picture of what is the industry doing to put together the basic building blocks of the infrastructure to reach mainstream consumerism. As a woman working in this ecosystem, that's what I've dedicated my time to.
MM: The rate of venture capital coming into Bitcoin has been increasing rapidly over the past year. That's helping build the infrastructure.
PB: It would be interesting to also look at how many women CEOs have raised $1 million or more. I can only think of one or two off the top of my head. The [digital currency] industry is on track to raise $1 billion of venture capital funds in 2015. How many of those companies will have women CEOs?
About the Author
David Zeiler, Associate Editor for Money Morning at Money Map Press, has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.