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, you can transact any amount of your Bitcoin with anyone in the world any time and nobody can stop you
• If you don’t hold your own private key and keep your Bitcoin on an exchange, you don’t actually own Bitcoin.  You have an IOU and hope they give you the Bitcoin one day
• Bitcoin transactions are nearly instant, final settlement and very low cost
• Biggest ratchet moment of all: when you remove Bitcoin from an exchange and send to your own custody.  You are actually using Bitcoin
• Nature of counterparty risk
• FTX blowup is the perfect example.  People gave them billions of dollars to buy Bitcoin and at the end they had no Bitcoin
• With Bitcoin in your self custody you can safely secure your Bitcoin for generations with no counter party risk and no-one can take it from you
• Take the time to learn self custody.  Anyone can. Its easy.  Use best practices
• Today’s song: Safe From Harm by Massive Attack

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: printing money out of thin air
• Vast majority of other cryptos are worthless.  They have no value.  Most are outright scams
• Even worse are the ones that seem legitimate but are VC-backed pump and dumps
• If you hear about the hot new crypto it is too late, you are exit liquidity for insiders trying to sell at the top
• Bitcoin’s essential value proposition of hard digital money for billions of people in the world is more than enough
• Africa and Bitcoin adoption
• Bitcoin for the billions, not for the billionaires
• Tough to understand all of this in beginning.  Alt coins may outperform for a short time, but in the long run everything goes to zero against Bitcoin
• Today’s song: Row Jimmy by the Grateful Dead

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, seems like they must know something
  • Lending coming to ETFs
• Perspective on where we are in cycle
  • 2 year anniversary of last all-time high
  • Coming out of worst bear market in Bicoin history
  • Had you started DCA at the all-time high and continued through the bear market, you would be up 40%

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 value in the analog world, but we now live in digital age
• Demographics: world becoming more and more digital every day
• Now 8 billion people everywhere in the world can own digital gold
• The countries with the fastest growth rates need it the most
• If all Bitcoin does is become digital gold, it is a 20x return
• But Bitcoin is actually 100 times better than gold, so it is not stopping there.  Bitcoin will absorb value from every asset class in the world
• Today’s song: Golden Years by David Bowie

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
  • Fine art ideally from dead artists
  • Sports teams
• Problem is these are all out of reach. You cannot put $100 a week into the Dallas Cowboys.  If you could we would
• So what can you do?
• Here comes Bitcoin.  The hardest asset in the world.  That anyone can buy and hold
• Only 21M will ever exist.  Nobody can make more
• A monetary system with a fixed supply for the digital age.  That no humans can manipulate or inflate away
• Bitcoin is just code.  Rules, but no rulers
• You can buy any amount of Bitcoin.  $20, $200 or $2 billion
• The North Star of Bitcoin: there will forever be more and more dollars chasing 21 million Bitcoin
• Today’s song: Hard to Handle by the Grateful Dead

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 and less all the time
• Inflation is theft.  It makes you work harder and harder for less.
• Money printing is an insidious game.  It impacts the people the most who can afford it the least
• What else does it do?  Drive up asset prices.  And rich people own all the assets
• This is by design.  Designed by the rich and powerful
• Throughout time, there was very little inflation in places with no money printing
• Societies flourished under a gold standard when governments could not print endlessly
• Today's song: Mo Money Mo Problems by The Notorious B.I.G.

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 supply grown over 20x since 1971 - view chart
• We used to be on a gold standard for hundred of year - and society flourished
• Everything changed in 1971 when Nixon took US off the gold standard
• Todays's song: Mo Money Mo Problems by Notorious B.I.G. 

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 Bitcoin itself
• Satoshi created Bitcoin exactly 15 years ago as a solution to problems of big traditional finance
• Taking real Bitcoin into your own self custody is the exit ramp from big banks
• Bitcoin gives power to individuals, the ETFs give power to the big banks
• No trusted third parties
• Our one and only chance to separate money from the hands of government and control of the state