Thursday links: Overconfidence, crypto firsts, DATs and Bullish
The article explores how overconfidence may drive the male dominance in the crypto sector, referencing a study by Tyler Cowen that highlights gender differences in confidence levels that can influence risk-taking in investments. The crypto culture rewards conviction and punishes hesitation, often leading men to dominate due to a better ability to believe they're correct—a characteristic that may have fueled early Bitcoin investments. The article also discusses Galaxy shares becoming the first actual on-chain stocks on Solana, emphasizing the importance of recordkeeping for capital raising. Additionally, the forthcoming Woodcoin, a physical cryptocurrency, is critiqued for its energy-efficient security model compared to Bitcoin. Moreover, it covers regulatory challenges facing digital asset treasury companies (DATs) as changing their capital plans may require shareholder approval. Lastly, it mentions concerns about the 24,000 BTC held by Bullish, originally linked to the EOS ICO, with potential implications around ethics and transparency in crypto financing.
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