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

<p>Bitcoin is the final exit. The escape hatch. The parachute at the end of the ride. </p>

<p>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. </p>

<p>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. </p>

<p>Bob's Miners Trilemma article in Bitcoin Magazine: <a href="https://bitcoinmagazine.com/business/bitcoin-miners-face-a-dilemma-for-success">https://bitcoinmagazine.com/business/bitcoin-miners-face-a-dilemma-for-success</a> </p>

<p>Thanks to our sponsors: </p>

<p>Ledn — Bitcoin-backed loans for the in-between: <a href="https://ledn.io/boomers">https://ledn.io/boomers</a> </p>

<p>Sazmining — you own the machine, they run it: <a href="https://sazmining.com">https://sazmining.com</a> </p>

<p>Use code BOOMERS. </p>

<p>CHAPTERS </p>

<p>00:00 Cold open </p>

<p>01:25 Welcome: skin in the game </p>

<p>04:55 The Prague reset </p>