Exchange Invest Weekend Edition 2647: Nuclear Nightmare DE

Patrick L Young
6 min readApr 29


Why Homework? Where Africa left legacy DNA. When a state fails. Diversity in the cloud, Monaco’s MI5, Time to Make Tech Great Again?

Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.

Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.

This weekly edition is a magazine of broader macro topics as well as including our free weekly podcast which reviews the highlights of the week in the world’s market structure.

On this day in 2016, Bucharest Stock Exchange launched a process that may ultimately lead to the enhancement of the capital market architecture …In essence, SIBEX, riven by internal & shareholder politics had been left in a mess and was hoovered up by BvB with absolutely zero perceptible benefits to the Romanian economy from the monopoly thus created.


From Exchange Invest 2644: April 26th, Wednesday

It’s a case of virtual paradise postponed in the metaverse for now. Microsoft, has disbanded its Industrial Metaverse unit, which was tasked with making software for purely virtual manufacturing operations. In essence Microsoft wants others to develop the tech and then will buy it or encourage it to use MS OS. Apple appears to be abandoning actively promoting its VR headset too while over at Meta, it’s a bit of a bloodbath having lost $13.7 billion 2022 as a result of heavy Metaverse investment. Disney likewise is pulling out.

Exchange Invest Daily will return Tuesday, the weekend edition will be out tomorrow as usual.



Season 18: Episode 02: IPO-VID Livestream 104
Guest: Rainer Zitelmann

May 2nd: 1800 UK, 1900 CET, 1400 EST
“In Defence of Capitalism”

The head of Americas for Scila AB, Alexander Lamb is a veteran futures industry technology executive with a long pedigree including senior roles at TT and RTS Realtime Systems Group, where he sat on the Executive Board.

Watch the stream on:


Season 18: Episode 01: IPO-VID Livestream 103
Guest: Alex Lamb

April 25th: 1800 UK, 1900 CET, 1400 EST
“Real Time Risks”

The head of Americas for Scila AB, Alexander Lamb is a veteran futures industry technology executive with a long pedigree including senior roles at TT and RTS Realtime Systems Group, where he sat on the Executive Board.

Watch the stream on:


In IPO-VID Episode 095: Patrick Young was joined by rare earth expert, Tim Worstall.

In this must listen episode, Tim answers our questions about rare earths and our curiousness about “What Have We Got In Reserve?”

Spolier Alert! The answer will likely surprise you…

Now available from multiple different podcast sources including:

Anchor Spotify

Google Podcasts

Apple Podcast


A Dangerous Consolidated Tape Row

Nepalese Stampede

NASDAQ Announce Co Presidents

While Ronan Ryan of IEX has made an impassioned plea against the mad, bad, dangerous to know and related vested interests to approach exchange reform sensibly.

And it’s a case of “deja vu one more time” for MIH and LedgerX

The Exchange Invest Weekly Podcast 191


20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.

Available worldwide.


The Rise And Fall Of Silicon Valley

“Silicon valley has become anti-aspirational for all but a few people.” — Joel Kotkin


MIH Buys LedgerX

It seems that no matter how many innovations humanity invents, we always end up with a winning group — the lawyers. There is a further irony to the current situation as the crypto folks seek to decentralize finance and thus in many ways bypass legal norms. Anyway, Coinbase has decided to demand regulatory clarity from the SEC, a move I think could yet return to haunt them.

Everyday we cover the ongoing turmoil of BTC, crypto et al in our daily “Bitcarnage” section of Exchange Invest. For more details on a free trial to our premium newsletter of the bourse business delivered to your Inbox daily, you can sign up on our new beta website

Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, alone, then you can find Bitcarnage as a standalone on Substack.


Germany’s Nuclear Lunacy


As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!

Nobody Knows What The Point Of Homework Is

Africa: DNA Study Opens A Window Into African Civilisations That Left A Lasting Legacy

Infographic: 11 Tech Trends To Watch In 2023
Visual Capitalist

What Happens When A State Fails
The Spectator

“‘If there’s a problem in Lebanon, the answer is always corruption,’ says Maria. ‘No money? Corruption. No electricity? Corruption. Why don’t we have buses or public transport? Why did hundreds of people die in the port blast? The answer is always the same.’”

Cloud Infrastructure Is Now ‘Inevitably’ Diverse

A Trifecta Of Tales From Monaco Intelligence
Santa Barbara News-Press

LinkedIn Will Finally Offer Ways To Verify Your Job

Make Tech Great Again
The Spectator World

PLY: Returning to the theme of the Spiked podcast with Joel Kotkin (above).


…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 30 day trial.

Or Subscribe to our EI Weekend newsletter in Substack — it’s free.

You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.

Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels.

At the least can you like this article, or leave us a comment, we welcome your feedback.




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The future continues in the water cooler of the bourse business…

- Patrick



Patrick L Young

Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets