One Way Ratchet

Dan and Trent break down: Trent's quick hit to Vegas Gearing up for Sphere shows  Recent Bitcoin price volatility and sentiment Reminder to zoom out and take the long view. Don't be tricked or distracted by short-term price movements.  They are designed to shake the confidence of inexperiences retail investors. Zoom out and chill Case in point: look at price on the day of the 4 Bitcoin Halvings: 2...

Dan and Trent break down recent events, the Halving, the current Phish shows at the Sphere, and what we can expect when we see Dead & Co at the Sphere in May.   First U2, now Phish are creating all kinds of magic and are redefining the live music experience and testing boundaries of full immersion multimedia performances. Trent joins from car in this spirited discussion.   Spirits are very high fo...

First pod for Greg and Dan in a while, they cover a broad range of topics through the Bitcoin lens and why Bitcoin truly is a one way ratchet.

Trent and Dan break down: Dan's travels Digital nomad life Bitcoin's role in shaping nomadic worldview Our mutual love for London English soccer  Valuing what matters most The value of travel and the perspective if gives you  Recent updates in Bitcoin: ETFs continue to exceed all expectations.  By bar biggest launch in history of ETFs Next Bitcoin halving only 2 weeks away Today's song: London Cal...

I this episode, Dan and Trent take this pod international and break down the exciting developments in El Salvador.  El Salvador is first country to fully embrace Bitcoin Made Bitcoin legal tender Accumulating Bitcoin for its national treasury  Mining Bitcoin with 100% renewable abundant geothermal energy from its volcano  Issuing bonds backed by its Bitcoin mining operations to fun development pro...

On episode 2 of our deep dive down the Grateful Dead rabbit hole, Trent and Dan get into: Our own discovery and love of the Grateful Dead Navigating the post-Jerry music landscape Reconnecting with the Grateful Dead universe in Northern California Eager anticipation for seeing Dead & Co at the Sphere in Vegas Memorial Day weekend    

New channel - LFG! Welcome to One Way Ratchet: Music .   We move beyond Bitcoin and launch a deep dive on a mutual passion, the music of the Grateful Dead and its current incarnation as Dead & Company. We get into the music, what it means to us, the live experience and much more.   We look back at the Final Tour and the big announcement of their upcoming residency at the Sphere in Vegas. So tune i...

Dan and Trent break down the timeless wisdom that you are never too late.   Bitcoin price pumping Relentless buying from ETFs Seeing what happens when  demand grows and supply is so limited Price near all-time highs, is it too late? The more you understand Bitcoin you come to realize you are never too late Zoom out - look at the price of Bitcoin on Leap Day over time Technology adoption curve, we...

Trent and Dan break down the timeless wisdom of "stay humble and stack sats" and how it applies to everything in life. Quick recap of ETF launch: biggest launch in history.  Wildly bullish Super Bowl: no crypto ads Such a difference from 2 years ago with all the silly crypto ads Industry today on much more solid foundation "Stay humble and stack sats" comes from amazing og Bitcoiner Matt Odell Has...

In this episode, Dan reflects on the Bitcoin, wealth and purpose. The episode is based on this amazing post by @stackholder "Bitcoin isn't true wealth. True wealth is your health, the time you spend with your family, the experiences you enjoy with friends, peace of mind for you and your loved ones, and daily purpose."

This week Dan gets into: Yes, more ETF news! Current leaderboard Another new ETF - but this time in Hong Kong? Just 2.5 years after China Mining Ban Now China embracing Bitcoin ETFs and hashrate at all-time highs Good news from FTX brankruptcy Creditors being made (kinda) whole Recent Bitcoin transaction show how unstoppable the Bitcoin protocol is New challenge: 100 pushups a day until Bitcoin ab...

(We had audio issues so this one is late) Dan and Greg on the night the ETFs are finally approved! Mild disbelief BlackRock and JPMorgan's involvement Still on the flat part of the curve  Cycle theory - will returns increase or decrease vs previous cycles As likely we miss to the upside as the downside Where we go from here All you have to do is hold Clever ETF ticker symbols  Changing people's mi...

Dan and Trent look at ETF launch and other current events. Road Trips ETF launch Huge milestone - the bridge to crossing the chasm to mainstream adoption Lack of mainstream awareness Parallels to collapse of FTX Rock Opera of day:   Gamehendge by Phish

A little late this week.  Dan gets into: ETF race is off Leaderboard Recent price action How Bitcoin miners helped Texas deal with cold snap

Bitcoin news week of Jan 12 2023. Today Dan breaks down the big big news of ETF launch: All 11 ETFs approved and started trading Thursday Jan 11 The race is on! The amount of buying pressure will increase dramatically. The world is going to learn what happens when exponentially increasing demand meets exponentially decreasing supply But it will take years to play out. Think long term

Trent and Dan kick off the new year: New Year vibes Florida Man Idea of starting before you are ready.  You are never too late to do something important Taking risks and living outside of one’s comfort zone Looking back at 2023 and reflect on impact of Sam Bankman-Fried and FTX BlackRock filing for ETF turning point of year Price up almost 3x this year and now at precipice of ETF launch Lessons le...

Dan kicks off the new year: Happy new year ETF approval imminent Impact on price?  We don’t know.  DCA and chill Wealth advisor survey Only 39% expect an ETF approval this year 88% saw ETF approval as a major catalyst Only 19% currently have ability to buy BTC on behalf of clients Takeaway: Still. So. Early. US debt now over $34 trillion dollars and it is not stopping Means continued money printin...

This week Dan wraps up the last Weekly Ratchet of 2023: ETFs look ready to be approved by Jan 10 MicroStrategy buys another 14,600 Bitcoin They are close to owning 1% of all of the Bitcoin that will ever exist New pro-crypto PAC called Fair Shake The Bitcoin lobby will become an incredibly powerful voting block going forward, and it crosses party lines Nigeria reverses ban on Bitcoin and crypto An...

Normally we (ok, Dan) writes the show notes after each episode, but our pod recording platform just added automated AI-generated show notes.  Holy crap.  It took the AI about 30 seconds to scan the entire episode and compose this summary and notes.  To think we are just at the very beginning of AI. --------------- Summary In this conversation, Trent and Dan discuss various topics related to art, p...

This week Dan gets into: the Most Interesting Man in the World supports Bitcoin Senator Warren’s anti-crypto crusade introduces bill written by banking lobby trying to keep out competition They are coming after self-custody = all the more reason to learn about self custody.  It has never been more important Thankfully its very very unlikely bill will pass in this Congress, but something to keep ou...

This week Dan gets into: Flurry of activity around ETF applications Google updates ad policy to allow Bitcoin ETF ads in January Conviction of longterm holders continues to make new all-time highs.  Nobody is selling Accounting rule change unlocks companies to finally start acquiring Bitcoin El Salvador writing the playbook for Bitcoin adoption for entire countries

Trent and Dan wrap up the 10 part series with a hopeful outlook for the world.   Episode #10: Fix The Money, Fix The World Hey we made it to #10! What have we learned from doing pods.  Gratitude for friendship and actually doing them Pods are their own one way ratchets.  Just want to do more of them Bitcoin is endlessly interesting Summation of the 10 part journey: in the end you get to the overwh...

Today Dan breaks down: Price is up!   Yearly high Wisdom of dollar cost average Bitcoin now bigger than Tesla, Facebook and Berkshire Hathaway Only 6 companies in world are bigger - for now.  We are still are in the era when individual companies are still bigger than Bitcoin One day we will look back and laugh Jamie Dimon CEO of JPMorgan testimony at congress - where to even begin Good thing a goo...

Dan and Trent discuss the nature of digital networks and human nature. Episode #9: Network Effects Metcalf’s Law: the value of digital networks equal to the square of number of users.  It is an exponential function Technology adoption curves.  Start slow then once they gain critical mass they grow rapidly.  Nature of S-curves Gradually, then suddenly.   Perfectly describe network effects.  Thankfu...

Dan and Trent do a judo move on this tired narrative.  Episode #8: Bitcoin and Energy In person! Major issue for Bitcoin: the criticism it uses too much energy.  One of the very first things people hear about Bitcoin Bitcoin is the honey badger: it gives no fucks We are going to flip this narrative on its head.  Topsy Turvey.  Bitcoin uses a lot of energy and that is a very good thing for the worl...