Show Notes
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.
New house, same three Boomers. Larry Lepard, Bob Burnett, George Bodine.
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. swan.com/boomers
Sazmining, you own the rig, power at cost, coins go to your wallet. 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:
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…
⚡ Fountain: https://fountain.fm/show/kHBRZl0Mb0MG…
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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/TheBTCBoomers
the opinions are the hosts' own. george's especially.
Nothing here is financial advice. Everyone's situation is different.
More from The Bitcoin Boomers
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.
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.
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, 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.
"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.