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