Bob Burnett was named executive chairman of Ocean on September 1st, three days after Luke Dashjr resigned. In this episode he explains what actually happened, why he thinks the BIP-110 push was never going to work, and why he doesn't think the people behind it are villains.

Larry Lepard argues this isn't the Wild West anymore. Bob argues Bitcoin is crossing the chasm and a lot of companies built for the early era are about to hit a wall. They disagree about almost none of it and still manage to spend twenty five minutes on it. Gary Leland keeps score. George Bodine is absent.

CHAPTERS

00:00 Somebody is trying to be king

00:46 Bob is chairman of Ocean now

01:15 Congratulations, allegedly

01:33 Three good years and a divorce

02:49 Every company hits a wall

03:28 Ledn

03:58 Cold Card, Blockstream, and the chasm

04:46 Geoffrey Moore, 1991

05:09 Innovators, early adopters, the early majority

07:04 Why they asked Bob to run it

08:23 A lot of flame outs

09:06 This isn't the wild west anymore

09:37 Lumpy but better

10:44 Sazmining

11:11 What is Bitcoin, exactly

13:01 Suspending the subsidy

13:26 Rules, not rulers

13:47 A pool's job is to serve miners

15:33 The marketplace decides

16:27 Don Quixote tilting at windmills

17:08 There will be suits

19:39 Pick your villain

20:11 Swan

21:01 What happens at Ocean next

21:37 Reserve judgment

22:59 Luke calls the old chain spam coin

23:50 What is a woman

24:25 I'm going to fire the miners

25:41 Kryder's law and the node problem

26:27 It's pretty fucking good

26:56 Roger that

SPONSORS

Swan — swan.com/boomers, code BOOMERS

Ledn — ledn.io/boomers. Bitcoin-backed borrowing involves interest, custody and liquidation risk.

Sazmining — sazmining.com/boomers, code BOOMERS. Mining ROI varies.

Larry @LawrenceLepard · Bob @boomer_btc · Gary @GaryLeland

The show @bitcoinboomers

None of this is advice. We're three guys who bought it early and still argue about it.

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.

Larry Lepard, Bob Burnett and Gary Leland on the September move: Bitcoin caught air off 62 and ran to 81 before settling near 77, the Fed's rate decision, Treasury buybacks tripling to $6 billion, and why half the people mining Bitcoin are probably losing money right now.

Larry's call: $180,000 by the end of 2027. Bob's view from inside mining: the median cost of production is in the mid $60,000s, and spot is barely above it. And for anyone still waiting for $50,000 — Larry has a two-word answer.

Plus: the fourth Boomer joins us from an elk camp in Colorado.

00:00 Give up. You missed it.

00:49 Gary's back, George is hunting

01:19 The fourth Boomer, from an elk camp

06:00 Bitcoin caught air: 62 to 81 to 77

06:32 The yen, FIMA, and Bessent's bigger boat

09:29 Warsh the hawk

11:59 The flag and the $5,000 dividend

13:18 Miner P&L

16:29 Bitcoin decouples from the Nasdaq

18:29 The AI trade peaks

22:10 Public miners go hyperscale

25:10 Larry's call: $180K by 2027

26:13 "Give up. You missed it."

29:12 Cost of production

32:16 Energy costs

35:06 Year-end predictions

37:43 "I'm not a financial advisor." "Well, I am."

Thanks to our sponsors:

Ledn — don't sell your Bitcoin, borrow against it → ledn.io/boomersSwan — real Bitcoin, in your name → swan.com/boomersSazmining — own the rig, not the output → sazmining.com/boomers

Nothing here is financial advice. Everyone's situation is different.

"Not today you don't." The Boomers open with the question every holder secretly googles — do you owe taxes on Bitcoin you never sold? — and the answer detours through gold teeth, seventeen nuclear aircraft carriers, and Larry calmly explaining why he thinks this asset goes to a million dollars… then ten. Bob puts a number on the network nobody can picture (900 exahashes — more raw computation than every supercomputer on Earth combined), George explains why that's "the magic of Bitcoin," and then the fork question lands: what actually happened at block 961,632 when BIP-110 tried to split the chain — and why one side kept mining forever while the other managed two blocks.

Lightning-round episode: taxes, hashrate, gold vs Bitcoin, the 50% drawdown rule, estate planning without losing your keys, and one bonus question that gets a very honest answer. Larry Lepard, Bob Burnett, and George Bodine hold the couch — Gary Leland sits this one out (he'll be back).

CHAPTERS

00:00 — Cold Open

00:50 — Do I Pay Taxes on Bitcoin If I Don't Sell?

02:21 — Swan (sponsor)

03:01 — Gold vs Bitcoin: Which Do You Trust?

04:29 — 900 Exahashes & 17 Aircraft Carriers

06:51 — Sazmining (sponsor)

07:25 — What Backs Bitcoin?

10:12 — Sleeping Through 50% Drawdowns

14:33 — Ledn (sponsor)

15:01 — Bonus: The BIP-110 Fork at Block 961,632

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Swan, Invest in Bitcoin: https://www.swan.com/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.

George Bodine recommended Coldcard on this show. Then the firmware flaw hit, and he got on the phone. In this episode he apologizes on camera, walks through moving his own funds, and the Boomers dig into what the incident really teaches about self-custody, trade-offs, and trust. Then, for the first time, George addresses BIP110's failure head-on: what went wrong, who's stepped away, and what it means to lose a battle without going home.

0:00 Cold Open

1:19 Welcome: Post-Coldcard, Post-BIP110

1:44 George's Coldcard Apology

3:52 Self-Custody Is Accountability

5:53 Ledn

6:30 Democratic Socialism & Doing the Work

9:57 Saylor, The Mandibles & Custodial Risk

11:39 Eggs, Baskets & the FDR Clue

12:29 Germany, Timing & the 75–80 Day Window

14:02 "President AOC" & Confiscation Talk

15:08 Sazmining

15:47 Trust & the Seed Phrase Question

18:05 Fathers, Values & Low Time Preference

22:41 Advice to Young Bitcoiners

23:36 BIP110 Post-Mortem

25:44 What Bitcoin Must Be for 200 Years

27:21 The Quantum Question & How Bitcoin Changes

30:55 Sign-Off

Also in this episode: the democratic socialism polling, the 75–80 day window between an election and taking office, the FDR precedent, buckets and baskets, why these three trust each other with more than lunch money, and what Bitcoin has to be to last 200 years.

Larry Lepard · Bob Burnett · George Bodine (filling in for Gary Leland)

Sponsors:

Ledn — bitcoin-backed loans. ledn.io/boomers (Bitcoin-backed borrowing involves interest, custody and liquidation risk.)

Sazmining — own the machine that mines it. sazmining.com/boomers (Mining results vary. Power and setup billed separately.)

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Bitcoin Well, self-custody made simple: https://bitcoinwell.com

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.

George Bodine woke up at 5am, saw the Coldcard news, and drove through the dark with shaking hands to move his Bitcoin before someone else could. He made it. Others lost everything.

In the August episode, Bob Burnett, Larry Lepard, and George Bodine break down what actually went wrong inside Coldcard — the "one in a quadrillion" collisions their own support line saw, why the seed phrases were hiding in a drop of water instead of the universe, and what a former fighter pilot's checklist discipline looks like when your stack is on the line.

Then: the BIP110 chain split is real. Bob explains why Barefoot Mining stopped signaling in June, what the four-block fork means, why the next upgrade will need exchanges, treasuries, and Wall Street to agree — and what to do if you get airdropped the fork coin.

Self-custody was the whole point. Is it still?

Not financial advice. Do your own research.

⏱️ CHAPTERS

00:00 Cold open

01:39 Welcome: the August edition

02:36 Who got hit: George's 5am drive

05:19 A word from Swan

05:56 Is the ETF the better option?

07:02 Bob's view: what Coldcard actually did

08:23 One in a quadrillion

09:15 Hide and seek in a drop of water

11:05 Entropy 101

14:28 Proving randomness & Chaos Enterprises

17:24 The future of self-custody

19:06 Larry's answer: Fidelity

20:07 The air-gap mistake & Trezor

21:45 "One bad company": answering the normies

23:02 The 6102 threat

27:42 Why wallets are built wrong

30:18 A word from Sazmining

30:51 One job

32:11 How to vet a Bitcoin company

34:45 The chain split is real

36:52 George: you don't leave people behind

38:06 Larry's verdict on BIP110

41:10 Bob's call with Brink

43:38 What it takes to change Bitcoin

44:15 Airdrop advice & sign-off

🟧 OUR SPONSORS

Swan — Bitcoin only, self-custody at your pace, from Swan Sovereign to Swan Vault: swanbitcoin.com (code BOOMERS)

Sazmining — own a Bitcoin miner on renewable energy, sats straight to your wallet: sazmining.com/boomers (code BOOMERS)

Ledn — borrow against your Bitcoin without selling: Ledn.io/boomers

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Swan - Bitcoin only, self-custody at your pace, from Swan Sovereign to Swan Vault: swanbitcoin.com

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.

What happens to your Bitcoin when you die? Can the government freeze or seize it? Could quantum computers break Bitcoin? And why is Bitcoin down while stocks are sitting near record highs?

In this episode of The Bitcoin Boomers, Larry Lepard, Bob Burnett and George break down five of the biggest questions Bitcoin holders are asking right now.

They dig into self-custody, multisig, inheritance planning, wrench attacks, AI-powered social engineering, Executive Order 6102, government confiscation risk, Bitcoin mining, non-KYC Bitcoin, quantum computing, Bitcoin’s relationship to global liquidity, the current drawdown, long-term holder capitulation, and why Bitcoin should never be confused with the broader crypto industry.

They also tackle a much bigger question:

What actually makes Bitcoin worth protecting?

From the invention of digital scarcity to a monetary network that no government, CEO or company controls, this conversation gets to the heart of why Bitcoin is fundamentally different.

00:00 The five questions

00:44 Q1: What happens to my Bitcoin when I die?

02:05 A word from Swan

02:38 Wrench attacks, AI scams, and multi-sig

07:28 Q2: Can the government take or freeze my Bitcoin?

08:25 Executive Order 6102, the 1933 precedent

14:20 A word from Sazmining: The Hash Stash

14:48 Mining non-KYC Bitcoin

16:33 Q3: Will quantum computers break Bitcoin?

20:23 Q4: Why is Bitcoin down while stocks are at highs?

24:04 A word from Ledn

25:04 Q5: $10,000 in Trump coin vs Bitcoin

Topics include:

• What happens to your Bitcoin when you die

• Self-custody, multisig and inheritance

• Can the government seize Bitcoin?

• Executive Order 6102 and the history of gold confiscation

• Why counterparty risk matters

• Mining Bitcoin directly

• Quantum computing and Bitcoin security

• Why Bitcoin is lagging stocks

• Bitcoin and global liquidity

• Why the current drawdown may represent opportunity

• Bitcoin vs. Trump Coin and the broader crypto market

• Why Bitcoin is a “zero-to-one” monetary invention

This episode is for educational and informational purposes only and does not constitute financial, tax, legal or investment advice.

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Bitcoin Well, self-custody made simple: https://bitcoinwell.com

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.

Bitcoin is the final exit. The escape hatch. The parachute at the end of the ride.

George came back from Prague with a changed thesis, and this episode gets back to Bitcoin basics: money in self-custody that no one can stop. Larry breaks down why the third big print is coming and what a slow-motion currency failure actually looks like. Bob opens the books on the miners trilemma and why the hardest conditions in mining history are flashing the same signal as the last great bottom: whenever the money is hard, that's when you go in.

Also on the table: the shiny object syndrome draining capital into AI, why sentiment is the worst the boomers have ever seen while every metric screams value zone, paper Bitcoin and the ghost of Sam Bankman-Fried, BIP110 and the three and a half weeks until the chain decides, and why Kevin Warsh is just the modern-day Von Havenstein.

Bob's Miners Trilemma article in Bitcoin Magazine: https://bitcoinmagazine.com/business/bitcoin-miners-face-a-dilemma-for-success

Thanks to our sponsors:

Ledn — Bitcoin-backed loans for the in-between: https://ledn.io/boomers

Sazmining — you own the machine, they run it: https://sazmining.com

Use code BOOMERS.

CHAPTERS

00:00 Cold open

01:25 Welcome: skin in the game

04:55 The Prague reset

05:18 Bitcoin is the final exit

06:50 A word from Ledn

07:44 Larry: a thousand years of debasement

09:41 The electricity timeline

10:35 Paper Bitcoin and SBF

12:11 Lost focus: three phrases

14:38 Worst sentiment, best value zone

15:54 Larry: how you get to $1M a coin

17:26 The shiny object syndrome

17:48 Bob: the miners trilemma

20:50 A word from Sazmining

21:43 What's suppressing price: rates, IPOs, AI capex

24:52 Larry: the liquidity indicator

26:04 The third print: enemy action

29:26 Warsh, the modern Von Havenstein

30:39 BIP110: two camps

34:30 Three and a half weeks to the fork

37:00 Hopeful endings

40:24 Watermelons

Not financial advice. Three friends talking Bitcoin.

The Bitcoin Boomers is a panel for smart, successful people over 40 still on the outside of Bitcoin looking in. Plain English answers to the questions no one else will touch. Signal without the noise.

Your hosts:

Gary Leland, founder of BitBlockBoom and Hall of Fame podcaster.

Lawrence Lepard, sound money fund manager and author of The Big Print.

Bob Burnett, mining entrepreneur and founder of Barefoot Mining.

George Bodine, the World's Most Interesting Bitcoiner.

Listen to the audio anywhere:

🍎 Apple: https://podcasts.apple.com/us/podcast/the-bitcoin-boomers/id1853058330

⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MGWMELtjw4

Subscribe: https://www.youtube.com/@BTCBoomers

Sponsors who make Boomers possible:

Bitcoin Well, self-custody made simple: https://bitcoinwell.com

Sazmining, mine your own Bitcoin: https://Sazmining.com/Boomers

Ledn, borrow against your Bitcoin: https://ledn.io/boomers

Follow the hosts:

Bob Burnett https://x.com/boomer_btc | Gary Leland https://x.com/GaryLeland | Lawrence Lepard https://x.com/LawrenceLepard | George Bodine https://x.com/Jethroe111

Educational only. Not financial, legal, tax, or investment advice. Do your own research.