Old Man Yells!In this Episode Bob Burnett of Barefoot Mining explores;
* Why taking risk is essential to be a Bitcoin miner. * What is means to be a miner and why it is different than being a hasher. * How pools emasculated and eventually castrated their participants. * How two chains can exist for brief periods. * Why the two largest miners in the world are Foundry and Antpool. * Why both pools have too much power and the ability to do a "selfish" mining attack. * Why Foundry winning seven consecutive blocks starting at block height 941880 should raise eyebrows.
OLD MAN YELLS! - EPISODE 22 - RISKY BUSINESSOld Man Yells!2026-03-30 | In this Episode Bob Burnett of Barefoot Mining explores;
* Why taking risk is essential to be a Bitcoin miner. * What is means to be a miner and why it is different than being a hasher. * How pools emasculated and eventually castrated their participants. * How two chains can exist for brief periods. * Why the two largest miners in the world are Foundry and Antpool. * Why both pools have too much power and the ability to do a "selfish" mining attack. * Why Foundry winning seven consecutive blocks starting at block height 941880 should raise eyebrows.OLD MAN YELLS! - EPISODE 21 - A CONVERSATION WITH JON ATACKOld Man Yells!2026-03-18 | Please take a moment to like this video and subscribe to this channel.
Jon Atack is a long-time Bitcoin Core developer. In this episode Bob Burnett and Jon discuss topics such as:
* The culture of Bitcoin Core and the DEI influence it has been under. * Centralization forces in Bitcoin and Bitcoin Mining. * Frustrations with some of the processes and communication methods used by BitcoinCore. * The possibility of alternative Bitcoin clients. * Thoughts and questions on the release of Version 30 from Bitcoin Core.
In the show we reference Jon's talk given at Plan B in El Salvador earlier in 2026. It can be seen here: bit.ly/Jon-Atack-PlanB
We also reference the work of Hodlonaut and some his threads on similar topics on X. You can find some of the most important ones here:
Find Bob Burnett on X: https://x.com/boomer_btcOLD MAN YELLS - EPISODE 20 - MARS MONEYOld Man Yells!2025-01-25 | President Trump has declared a goal of colonizing Mars. Elon Musk has been a big advocate of this and it is obvious that he is pushing President Trump. Colonizing Mars is essentially a reset button on society and having a clean slate means even the monetary system can be created from scratch. In this episode we explore a potential architecture for that monetary system and Bitcoin provides an excellent base.
Note: I mention that the maximum round-trip message to Mars takes about 20 minutes. I misspoke and that number is actually 40-42 minutes.OLD MAN YELLS! - EPISODE 19 - COLLECTIVE DENIALOld Man Yells!2025-01-07 | In this episode the story of Lt. Hiroo Onoda is told to exemplify the power of collective denial. And, the episode explores how many cases of collective denial exist in society now and many of them intersect with the Bitcoin world.OLD MAN YELLS! - EPISODE 18 - THEN THEY FIGHT YOUOld Man Yells!2024-11-03 | Two recent papers authored by members of the US Federal Reserve and The European Central Bank are direct attacks on Bitcoin and evidence that Bitcoin's adversaries are entering a new phase in their fight against it.
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bit.ly/ECB-BITCOINOLD MAN YELLS - EPISODE 17 - DEFENDING BITCOINOld Man Yells!2024-09-26 | Bill Maher created a video about Bitcoin and mining that used several incorrect figures and he then mocked "crypto" and essentially called it a bane on society. This video rebuts Bill's statements and, more importantly, discusses our responsibility to defend Bitcoin.OLD MAN YELLS! - EPISODE 16 - THE VALUE OF A BLOCKOld Man Yells!2024-07-15 | Bitcoin's blocks have been valued in an incomplete way and many new factors will become apparent over the next few years. This changing value will also change who is motivated to control blocks and the complexion of the mining landscape.OLD MAN YELLS! - EPISODE 15 - OCEANOld Man Yells!2024-03-04 | This is third episode in a three-part series dedicated to Bitcoin Pools. In this episode Bob explains why greatly expanding the networks block template creation points is paramount to keeping Bitcoin free from censorship, why Barefoot is focused on building a full Miner's Stack, and the basis of Bob's association with the OCEAN pool.OLD MAN YELLS! - EPISODE 14 - DIRTY POOLOld Man Yells!2023-11-24 | This episode explains some the basics of how Bitcoin blocks are created and pools interact with miners. It then explores the recent revelation of a major Bitcoin mining pool admitting to censoring transactions.OLD MAN YELLS! - EPISODE 13 - ROOTS OF POOLSOld Man Yells!2023-11-08 | This is the first in a series of episode focused on mining pools. In this we examine the financials of solo mining and the inconsistency of the cash flow that results. Mining pools solve a fundamental problem and are directly responsible for creating an environment in which the mining industry could flourish.EPISODE 12 - OLD MAN YELLS! - THE TENTH MANOld Man Yells!2023-10-17 | In this episode the background of the Tenth Man concept is explained and then Bob explores why this is so important in society and in the Bitcoin world.OLD MAN YELLS! - EPISODE 8 - FORKS AND OSSIFICATIONOld Man Yells!2023-10-02 | While the desire to ossify Bitcoin and provide stability and assurance, there is also a need to make sure the needs of Layer 2 and 3 solutions are met first. Without the scaling provided by these, Bitcoin has a capacity problem. So we need a little patience to get there.EPISODE 11 - OLD MAN YELLS! - GOING PUBLICOld Man Yells!2023-10-01 | Third and final installment of a series on publicly traded Bitcoin mining companies. In this episode Bob discusses some of the dark side of being a public company and specifically why he believes it is impossible to be a public Bitcoin mining company and consistently operate within the ethos of Bitcoin.OLD MAN YELLS! - EPISODE 10 - STATE OF PUBLIC MININGOld Man Yells!2023-09-25 | This episode is an examination of the state of the public mining sector and its less than rosy recent performance and it prospects going forward in the post-halving world.OLD MAN YELLS! - EPISODE 9 - CORE SCIENTIFICOld Man Yells!2023-09-05 | Core Scientific's implosion is a classic example of what happens when the ethos of Wall Street takes over a company - especially a Bitcoin company. In this show, Bob reviews the clues to the implosion that were laid out right in Core's S1, reflects on the massive mistakes that took place in the eleven months between their IPO and bankruptcy, and offers some insight in the damage they caused - damage that extends well beyond just their shareholders.OLD MAN YELLS EPISODE 7 SUPERCONDUCTIVITY AND BITCOINOld Man Yells!2023-08-03 | On this episode of OLD MAN YELLS Bob reviews the announcement made by South Korean researchers about LK99 Superconductor.Old Man Yells! - Episode 6 - Blockspace ScarcityOld Man Yells!2023-07-13 | The spike in blockspace usage and the associated fees gave us a glimpse of the future. Not only will this get expensive but it will be a catalyst to big changes in the Bitcoin ecosystem and in how Bitcoin users interact with the base layer.Old Man Yells! - Episode 5 - Reflections on MiamiOld Man Yells!2023-05-23 | Bob reflects on Miami and the maturity of the conference and the Bitcoin industry. He also shares some history of conferences in the Personal Computer industry. And, last but not least, gives some insight on what the real value is in attending events like Bitcoin 2023.Old Man Yells! Episode 4 - Price of TruthOld Man Yells!2023-05-10 | In this episode Bob expands more on the value of Bitcoin and the blockchain itself. Bitcoin is much more than a monetary network, it is a point of truth, maybe the only point of truth, for all of society. As time goes by, space will become more and more precious and more and more expensive.Old Man Yells! Episode 3 - Fee and Transaction ExplosionOld Man Yells!2023-05-08 | In this episode Bob explores the recent explosion in Bitcoin fees. This includes a discussion of what these means for Bitcoin Mining revenue and the lessons that we can learn. Especially important are that it could shift a change in hosting space availability and mining server prices, that it gives us a great lesson in the power of scarcity, and that it busts the FUD surrounding the long term security of the network as the Bitcoin subsidy declines.
Checkout: www.mempool.space www.timechaincalendar.com (accidentally called timechain.com in video - sorry) www.barefootmining.comOld Man Yells! Episode 2 - Biden Excise TaxOld Man Yells!2023-05-04 | In this episode Bob discusses the impact of the Biden Excise Tax proposal called DAME. With it, the Biden Administration is budgeting a 30% tax on Bitcoin mining electricity consumption. This is a frontal attack on Bitcoin and the manner in which the Bitcoin fights back is critical. There are several potential strategy but Bob asserts that the one the community should rally around is that it is an assault on freedom and privacy and it gives the government the power of being a moral authority on energy consumption. Everyone, even Bitcoin haters, should be alarmed and afraid of the Pandora Box this would open.
Fight back. Write your congress people, your senators, and your governor (states rights are infringed as well.)Old Man Yells! Episode 1 - The Purpose of BitcoinOld Man Yells!2023-05-03 | Bob Burnett, CEO of Barefoot Mining discusses The Purpose of Bitcoin from a first principles perspective. In it he discloses that it was created for two reasons, to remove control of money from the hands of government and so that the world has a cash-like option in the digital world.