Daily Reads

-This Shipping Dashboard Shows Why You Should Christmas Shop Early … a truly interesting write up of most of the challenges the shipping industry faces right now.

It’s not just bad off the coast of Los Angeles and Long Beach, California. Ships waiting to offload are parked outside ports from Singapore to Savannah, Georgia, and big European gateways for trade like Hamburg, Liverpool and Rotterdam are dealing with bottlenecks and delays, too. Dozens of ships are queued up around Yantian and, by one estimate, more than 400,000 20-foot containers were brought to a standstill.

-Bitcoin myths: immutability, decentralisation, and the cult of “21 million” … yes, call me a Bitcoin skeptic.

Bitcoin is not about the technology. It’s never been about the technology. Bitcoin is about the psychology of getting rich for free.

-Robinhood and iAddiction

My concern with Robinhood — i.e., I believe these guys are mendacious fucks — is more fundamental. The company’s mission to “democratize finance for all,” is similar to Pablo Escobar saying his mission was to “democratize cocaine.”

Carsten Schmidt @carstens