What Actually Backs Bitcoin?

<p>"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. </p>

<p>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). </p>

<p>CHAPTERS </p>

<p>00:00 — Cold Open </p>

<p>00:50 — Do I Pay Taxes on Bitcoin If I Don't Sell? </p>

<p>02:21 — Swan (sponsor) </p>

<p>03:01 — Gold vs Bitcoin: Which Do You Trust? </p>

<p>04:29 — 900 Exahashes & 17 Aircraft Carriers </p>

<p>06:51 — Sazmining (sponsor) </p>

<p>07:25 — What Backs Bitcoin? </p>

<p>10:12 — Sleeping Through 50% Drawdowns </p>

<p>14:33 — Ledn (sponsor) </p>