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:
  • 2012:  $12
  • 2016:  $650
  • 2020: $8600
  • 2024: $65,000
  • Notice any pattern
• This is true not just of Bitcoin but of life: block out the day to day volatility and take the log view.  
• Song of day: Hot in Herrre by Nelly

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 for Vegas.

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 Calling by The Clash

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 projects 
• Less than 3 years and its already a massive success
  • Already $100m in profit on Bitcoin
  • Economy is flourishing
  • Bitcoin businesses and tourism are flocking to El Salvador
  • Crime down dramatically
• El Salvador is boot-strapping its own wealth and prosperity.  Self-sovereignty and independence.  Weening itself off of an endless cycle of extractive IMF loans
  • El Salvador is doing on a national level what Michael Saylor is doing on a company-level
• Showing the world what happens when a country fully embraces Bitcoin
  • Other countries are taking notice
  • El Salvador is the first, but more and more countries will follow the playbook
• In the end, every rational actor (person, company, country) will accumulate Bitcoin
• Song of the day: Lawyers, Guns & Money by Warren Zevon

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 in, turn out and make yourselves easy.  

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 are still at the very beginning before mass adoption
• Because supply is fixed at 21M, you are simply betting on continued global adoption
  • And with the massive success of the ETF launch, that adoption is undeniable
• But much more than Bitcoin, you are never too late to do anything that is important to you
• What do you want to do with your life?
• Song of day: Can't You Hear Me Knocking by The Rolling Stones
   

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 become guiding principal for both Bitcoin and life
• Stay humble
  • Live within your means.  Spend less than you make
  • Be open to new ideas.  Leave preconceptions and ego at the door
  • Don't trade Bitcoin.  Don't trade shitcoins.  Don't use leverage
• Stack sats
  • Just keep building your stack
  • Little by little over time, anyone can do it.  One step at a time
  • Stacking is work, which lies at the very heart of Bitcoin
• Applies equally to any important goal in your life
• Todays songs (we each have a song today):
  • HUMBLE. by Kendrick Lamar
  • Brick House by Commodores

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."