One Way Ratchet

This week Dan covers: ETF updates!   Lots going on, its all positive.  January 10 remains target date. Hash rate at new all-time high.  Confidence in Bitcoin from the people who know most has never been higher. Going parabolic Halving update: we are 90% through current halving cycle Next halving in April Passing of Charlie Munger, absolute legend Show me the incentives, I'll show you the outcome

Quick hit today: A new hard-money president in Argentina Binance settlement  The kids are all right Gratitude 

Wow. Huge day for Argentina and the world.

Dan and Trent break down the importance of a long-term mindset in Bitcoin. Bitcoin price can be volatile over the short term, but over time the volatility is to the upside In past 13 years, Bitcoin has been by far the best performing asset class in 10 of the years, and in the other 3 it was the worst  See chart In previous cycles the halving has kicked off a massive bull run.  Prices goes up a lot...

Dan and Greg get into the Bitcoin Halvings, the true genius at the heart of Bitcoin's supply schedule. The next Halving is only 5 months away!   So few people actually understand the Halvings and how they work - and their implications for Bitcoin price and adoption Greg talking to friends about Halvings - the responses are enlightening Conclusion: we are so early How does the Halving actually work...

Today Dan breaks down: Bitcoin longterm holder conviction at all-time high - view chart Supply squeeze coming Argentina run-off election on Sunday Bitcoin v EV energy mix, guess which one use more renewable energy (by far)? - view graph Bitcoin price hit a new all-time high this week - in Turkey Bitcoin price goes up when currency goes down

Dan and Trent get into security and why it is so important to learn about Bitcoin self custody. Episode #6: Not Your Keys Not Your Bitcoin Peer to peer digital cash system with no trusted third party    Bitcoin is like a giant spreadsheet in the sky.  The private key is the password that lets the owner move their Bitcoin The Bitcoin network is permissionless.  If you hold your own private keys, yo...

Dan and Trent break down one of the biggest misconceptions about Bitcoin. Episode 5:  Bitcoin.  Not Crypto.  Not Blockchain.  Bitcoin. One of the biggest obstacles for Bitcoin understanding is confusing Bitcoin with all the other cryptos Bitcoin is simply non-government money for the digital world.   Bitcoin is better money for a better world. Crypto is just more and more of the fiat system: print...

This week Dan covers: Justice prevails: Sam Bankman-Friend in jail, possibly for rest of his life Why are his parents not facing charges?  They appear to be heavily involved Are politicians giving "donations" (stolen money) back?? US just surpassed over $1 TRILLION in interest payments this year alone, and rising every day ETF updates All 12 ETFs could issue soon BlackRock files for Ethereum ETF,...

Dan and Trent break down a very effective mental model for thinking about Bitcoin. Episode #4: Digital Gold Bitcoin can be tough to explain “Digital Gold” is a very effective mental model.  Elevator pitch for Bitcoin Why did gold emerge as the dominant monetary asset everywhere in the world  Hard money humans cannot corrupt.  Plus it is very durable and also divisible Gold worked as a store of val...

In Part 3 of the series, Dan and Trent talk about how to protect yourself in a world of perpetual money printing and inflation.  Episode 3: 21 Million Forever How to protect yourself in a world of forever more money and inflation?  Buy and hold hard assets. The harder the better Hard asset = limited supply, you cannot make more of them easily or cheaply What are some hard asset: Unique real estate...

In Part 2 of the series, Dan and Trent examine the impact of money printing. Episode 2: Inflation Is Theft In Part 1 we looked at the Mo Money part of the equation Part 2 explores Mo Problems Money printing bails politicians out of their terrible decisions.  And we have to pay the cost It creates inflation.  More units of money just cause prices of everything to go up.  Your dollars can buy less a...

Dan and Trent launch 1st of 10 part series for people new to Bitcoin. Part 1: The Money Printer Meet Trent! Brief intro into why we are doing this Mo Money Mo Problems Basic thesis statement: human beings with a money printer will use it - and never stop Picture if you had a money printer.  Would you use it? Basic human incentives. Politicians never want to give up proximity to money machine Money...

This week Dan covers: Happy Birthday Bitcoin! Amazing how far we have come WSJ issues correction, will Senator Warren? Major milestone: 93% of all Bitcoin that will ever exist have been mined The remaining 7% will be mined over the next 120 YEARS! Increasing scarcity.  Exponential demain.  Not complicated.

In 3rd and final part, Dan gets into: Bitcoin ETFs will be including in countless portfolios, ETFs, mutual funds and new products Unlocking a large steady flow of capital into Bitcoin New gold/BTC and treasuries/BTC hybrid products? But like evrything in life, no solutions only trade-offs Bitcoin ETFs are not Bitcoin ETFs will be massively bullish to price of Bitcoin, but not necessarily to Bitcoi...

In part 2 Dan looks at: ETFs plug Bitcoin directly into every pension fund, endowment, sovereign wealth fund, high net worth and company buyer How the ETF launch will change the narrative around Bitcoin BlackRock, Fidelity and other companies will actively promote it ESG critique dramatically reduced Incentive for wealth managers to allocate  BTC boosts performance of every portfolio BTC is perfec...

In this episode Dan gets into: Why the launch of Bitcoin spot ETFs will be so bullish long term Brief explanation of ETFs and how they work ETFs will unlock so many access points to Bitcoin Every brokerage account people already have can access ETFs Institutional custody solutions built right in Real Bitcoin in self custody is best, but that is not how we get to mass adoption  ETFs will unlock tri...

On this week's episode: Price pump - breakout above 32k BlackRock's ETF ticker leak All-time high in holder confidence Coins not moving The Great Decoupling? Narrative shift underway    

Dan and Greg discuss: Great college band name Thank you for birthday candle Bitcoin Some thoughts on recent price movement BlockRock picks a ticker for its ETF - and its perfect We are in final days of pre-ETF era.  ETFs mark the beginning of the Wall Street era for Bitcoin Moving from horse and buggy and dirt road economy to super highways and Teslas Does Bitcoin need the ETFs to reach its potent...

Dan and Greg break it down: The fiat system funds perpetual war Since advent of central banking and money printing, war has become total - and endless Under the gold standard, wars still existed but they were much more limited Want to defund war?  Learn about Bitcoin The fiat system exists fund war, protect asset values and bail out every bad decision  Bitcoin is a peaceful revolution against the...

On this week's pod: Update on ETF news.  It's bullish Hash rate at all-time highs.  It's bullish Sen Warren using crisis in Mideast to pursue her anti-crypto campaign. Could the next president of Argentina be a Bitcoiner?  

Dan solo pod today.  First installment of the Weekly Ratchet breakdown of top stories of the week.   Today we get into: Updates on the Bitcoin spot ETFs Will SEC appeal ruling in Greyscale case (deadline within hours of pod) Updates on insanity of the SBF trial. Testimony from SBF's ex girlfriend confirm many suspicions about attempted price manipulation by FTX Incredible levels of US debt.  200 y...

Dan and Greg get personal.   We discuss our own journeys into Bitcoin.   What sparked our interest Early doubts Key ratchet moments along the way Lamenting we didn't buy more when we learned about it!!

Dan and Greg discuss: Horrors of seeing/hearing yourself on a podcast Orange pilling friends Advantages of dollar cost averaging (DCA) vs lump sum Holding Bitcoin on exchanges vs self custody

Dan and Greg on why we are doing this.   Why Bitcoin The insanity of starting a podcast The Bitcoin lens and what it means