Show Notes
"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.
More from The Bitcoin Boomers
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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.
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.