Someone put a chip inside the hardware wallet. Then they waited. George Bodine walks through the Ledger reseller attack, the 2020 breach Ledger said hit about 10,000 customers (the leaked database had 272,000 names and home addresses), and why he's been throwing Ledgers in the trash for years. Bob Burnett explains the part everyone gets wrong: Bitcoin didn't fail, the things you plug into it did. Larry Lepard on 1933, phishing, the deepfake phone call he's waiting for, and why he wipes his Trezor after every use.

Then Bob previews something he's been building: a way to send a transaction that the world can't see until it's already in a block.

CHAPTERS

00:00 welcome, and a toast to the one kid who listened

00:43 a maxi with bitcoin in more than one bucket

02:28 the ledger reseller story

03:43 they waited

04:32 the 2020 breach, 10,000 vs 272,000

05:35 the fendi wallet

06:33 bob: bitcoin didn't fail, the interface did

07:57 two of three, geographically dispersed

09:22 the etf question

10:41 what if the government says it's illegal

11:25 opsec vs complexity

11:45 the coldcard entropy scare

13:09 why larry still runs single sig on a trezor

13:50 phishing, deepfakes, and the call from your kid

15:53 don't keep it in the house, wipe the device

17:58 bob's pre-announcement: replace by fee as an attack

22:10 private transaction submission

23:56 what to tell the golfing buddy with a million

26:17 self custody is not as easy as driving a car

27:41 let the hate mail come in

SPONSORS

Swan, Bitcoin only, recurring buys, withdraw to self custody. https://swan.com/boomers\

Sazmining, you own the rig, power at cost, coins go to your wallet. https://sazmining.com/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

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\

Follow the hosts:

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

Follow the show: https://x.com/btc_boomers\

the opinions are the hosts' own. george's especially.

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

did the CIA invent bitcoin? bob burnett says it doesn't matter and explains why. george bodine, who held a top secret clearance and loaded nuclear weapons on hornets, explains why a secret that big doesn't stay secret. gary leland has a theory about gavin newsom.

then: should you hold bitcoin in your 401(k)? the boomers compare ETFs, IRAs and self-custody, and george tells you the one number that's always wrong.

larry lepard is on puppy duty this week. he'll be back.

0:00 cold open

0:38 welcome to the q&a

0:52 did the CIA invent bitcoin?

4:31 from the studio: george bodine

8:09 a million bitcoin in the wrong hands

9:15 sazmining

9:47 should I hold bitcoin in my 401(k)?

15:23 swan

16:14 from the studio: george on your 401(k)

20:46 larry's excuse

this episode is brought to you by

sazmining: you own the rig, they host and run it, the bitcoin goes straight to your own wallet

https://sazmining.com/boomers

swan: turn your bitcoin ETF shares into real bitcoin, in your name. book a call with swan private

https://swan.com/boomers

the bitcoin boomers are larry lepard, bob burnett, george bodine and gary leland. new episodes every thursday.

https://thebitcoinboomers.com

larry lepard's book: the big print

bob burnett: @boomer_btc

george bodine: @Jethroe111

gary leland: @GaryLeland

not financial advice. mining returns vary. bitcoin is volatile. none of us are your advisor, especially gary.

Gary Leland wants to be the first person to live to 200. larry lepard thinks he's nuts. bob burnett explains why your life insurance policy gives up at 121 and what happens if you don't.

chapters

0:00 cold open: "i want to be the first person to live to 200"

0:56 welcome to bitcoin boomers

1:54 larry: "i think you're nuts"

3:24 longevity escape velocity (kurzweil)

5:39 if i make it to 200, i'll make it to 1,000

5:48 sazmining

6:45 the two reasons people don't want to live to 200

9:17 why bitcoiners are into longevity

10:48 aging 10 months a year

11:07 gary's blood markers: 72 to 56

11:42 stem cells in argentina

12:49 bitcoin in your hsa

15:37 airbags for toddlers

16:54 kurzweil: always right, never on time

18:37 your life insurance gives up at 121

19:50 swan

21:38 larry: "i want to be around to see the central banks fail"

22:28 coal miners and 200-year careers

23:12 hard labor is going away

24:20 the retirement fallacy

24:58 you need a purpose

25:41 piña coladas and diminishing returns

26:05 ledn

27:27 five feet ahead in a mile race

30:04 the waves: 90, 115, 140

31:00 outro

hosts

bob burnett @boomer_btc

larry lepard @LawrenceLepard

gary leland @GaryLeland · garyleland.com

thebitcoinboomers.com

mining roi varies. nothing here is financial 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:

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.

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.