They've Got To Beat the 12 Words Out of Us

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 Bitcoin #BitcoinForBeginners #BitcoinBoomers Educational only. Not financial, legal, tax, or investment advice. Do your own research.