Bob Burnett @boomer_btc Twitter profile

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Bob Burnett

@boomer_btc

2 months

I was at a function tonight at my golf club. Attendees there were mostly in their 50s and 60s and high net worth folks. They all have called me Bitcoin Bob for the past several years. It is all in good fun and they have all heard my pitch for Bitcoin at some point. A couple…

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Bob Burnett

@boomer_btc

13 days

@realEstateTrent We had an IN tray and OUT tray. We typed memos on typewriters. We used gold envelopes for more private messages and wrote the name and department of the recipient on the outside. It was sealed with a small piece of twine wrapped about a round paper button. We spent…

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Bob Burnett

@boomer_btc

1 year

I've said several times publicly that this is one attack vector on Bitcoin. But, everyone, even non-Bitcoiner's, needs to fight this tooth and nail. Creating different rates for power consumption based on usage is a massive infringement on privacy and it sets a precedent for…

Bitcoin Magazine

@BitcoinMagazine

1 year

JUST IN: 🇺🇸 Biden admin proposes 30% tax on electricity used for #Bitcoin & crypto mining - NY Times It’s “hindering the transition to a low-emission energy future,” the White House says.

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Bob Burnett

@boomer_btc

7 months

I’m fuming over the revelations during the SBF trial that they used customer funds to suppress the price of Bitcoin. This caused massive damage to so many people including the entire mining industry. As a miner who struggled to survive during that period, and knowing several…

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Bob Burnett

@boomer_btc

8 months

@upholdreality Great story. Have you heard the one President Biden tells about how the kids at pool liked to play with the hair on his legs? It’s kind of similar, right?

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Bob Burnett

@boomer_btc

4 months

Absolutely disgusting. @RogerMarshallMD - it is clear you didn't do any due diligence and went straight to, and exclusively to, Bitcoin's (crypto's) arch rivals to write a bill restricting them. Don't sponsor and put your name on bills regarding subject matter for which you…

Dennis Porter

@Dennis_Porter_

4 months

BREAKING: Co-sponsor of Elizabeth Warren’s “ #Bitcoin Ban Bill” admits the bankers helped Warren write the bill.

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Bob Burnett

@boomer_btc

3 years

@michael_saylor I own 3 mining companies and that is already our path. Properly capitalized we don’t need to sell and can borrow against our #Bitcoin if there are ever issues.

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Bob Burnett

@boomer_btc

1 year

@SawyerMerritt @elonmusk In other words Warren and Charlie have no interest in advancing humanity. Technological improvement is tough and therefore requires risk. They only wish to make money without taking risk. Over the years I have watched Warren and Charlie closely. At first I held them in the…

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Bob Burnett

@boomer_btc

2 months

Something very dangerous is happening. This is slightly technical but the following is a very important thing for everyone that cares about Bitcoin to understand. I’ll keep it as simple as possible. Most mining pools use a payout method called FPPS. Hashers connected to that…

mononaut (tx/acc)

@mononautical

2 months

it's surprisingly cheap to buy a whole block these days - only a 2.5x premium!

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Bob Burnett

@boomer_btc

4 months

Gradually is over, suddenly is here. The ETF approval is part of this but it is the first of many events that mark the end of Bitcoin's Introductory period. Interestingly, this period lasted 15 years so the ETF approval will be like Bitcoin's quinceañera - the child is now a…

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Bob Burnett

@boomer_btc

4 months

I’ve never seen anyone write so much and with such intensity (and vitriol) on a subject they don’t understand .

John Reed Stark

@JohnReedStark

4 months

A Bitcoin Spot ETF: Say it Ain’t So Gary . . . For crypto: There's no inherent value. There's no cash flow. There's no yield. There’s no employees. There’s no management. There’s no balance sheet. There’s no product. There’s no service. There’s no history of operations. There’s…

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Bob Burnett

@boomer_btc

4 months

@SouthlandPost What a horrible, meaningless existence this would be

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Bob Burnett

@boomer_btc

22 days

When I was a boy in the late 60s and early 70s, my grandpa would slip me money on the sly. $5 here and $10 there. He was never a rich man, and he had became an adult during the Great Depression. He never got to college nor did his children. But, I was his oldest grandchild and…

Grant Cardone

@GrantCardone

23 days

The big scam ….still says $100 even though it’s only 4 cents. In my lifetime the USD has lost 96% of its purchasing power. It’s lost 25% of its purchasing power since 2020. If you knew it was going to continue to go down what would you trade it for?

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Bob Burnett

@boomer_btc

3 months

Those days are long gone in the US because of the Triffin Dilemma. The Triffin Dilemma dictates that the country whose currency acts as the global reserve must be a net importer of goods and a net exporter of currency. Politicians can claim to have an answer to return US…

Lauren Witzke

@LaurenWitzkeDE

3 months

Average American family, Detroit, Michigan, 1954. All this on a 1 income: A Ford factory worker’s wages. What happened?

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Bob Burnett

@boomer_btc

2 months

@engineers_feed Pretty amazing since the meter was not defined until 1791.

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Bob Burnett

@boomer_btc

6 months

I've seen several posts on the halving and people saying that we'll go from 900 bitcoin produced per day to 450 at the halving. This seems logical because most people think there are 144 blocks per day and each block has 6.25 bitcoin so 144 x 6.25 = 900. But, it doesn't…

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Bob Burnett

@boomer_btc

2 years

A fireball has been unleashed in Europe.

Wall Street Silver

@WallStreetSilv

2 years

The new Italian Prime Minister, Georgia Meloni, telling the world what she really thinks of French President Macron. The next EU meeting will be interesting. 🔈

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Bob Burnett

@boomer_btc

1 year

It is awfully hypocritical for a company that has spent 180 years chewing up forests to attack Bitcoin. Especially when the @nytimes produces something that ends up in a waste bin the next day and the content is sometimes of questionable truth and integrity. Ironic, since…

Bitty Cent

@BittyCent21

1 year

@NYTimesUp @nytimes @ben_mckenzie @GretaThunberg @SenWarren Imagine burning the earth alive just to sell a few papers. #changetheprint #StopThePresses

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Bob Burnett

@boomer_btc

10 months

I am an old engineer and this video gives insight into mindset common amongst engineers and, it reveals the weakness of the Ethereum and sh!tcoin world. It also reveals the true brilliance of Satoshi and Bitcoin. Engineers sometimes live in a technical bubble and many struggle…

Level39

@level39

10 months

“…One possible scenario...is that we lose decentralization with restaking, but it doesn't actually matter. And maybe decentralization is only a bootstrapping mechanism to gain credible neutrality…Maybe we only need decentralization for the memes because it kind of looks good…”

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Bob Burnett

@boomer_btc

11 months

A big sign of progress. I was recently asked by Financial Advisor magazine to write their first article on the topic of Bitcoin and the myths around it. It was an honor to write this article and a massive sign that Bitcoin cannot be ignored. This…

Bitcoin Unveiled: The Truth Behind The Misconceptions

Are misconceptions twisting the perception of Bitcoin and causing many to miss out on a massive opportunity?

www.fa-mag.com

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Bob Burnett

@boomer_btc

4 months

For those who are not aware, I am a board member, investor, and user of OCEAN's pool. Over the past couple of weeks I have been asked publicly several times to comment on OCEAN's initial template choice and whether it was censorship, filtering, or provided the maximum economic…

OCEAN

@ocean_mining

4 months

A decentralized #Bitcoin is a Bitcoin where miners decide what goes in blocks, not pools. OCEAN's ultimate goal is to make this a reality, and today we take one step closer to our vision of decentralized block template construction. Available immediately, OCEAN is offering…

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Bob Burnett

@boomer_btc

3 years

I see tweets referring to how much #Bitcoin is available each day from #miners . It’s a poor assumption that all are being sold into the market. My companies mine it to #HODL . This is the trend and ultimately all mined coins will go right to cold storage. Supply squeeze coming.

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Bob Burnett

@boomer_btc

4 years

@MrAndyNgo @lacrosse_al @TPostMillennial In other words, Love, in his role a “security officer”, is guilty of the exact brutality he claims to be protesting.

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Bob Burnett

@boomer_btc

6 months

@Rich_Cooper 23? My wife is 53 and hasn't peaked yet.

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Bob Burnett

@boomer_btc

6 months

@VisionaryVoid @fasc1nate Bad-ass lady

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Bob Burnett

@boomer_btc

2 years

My latest article for @BitcoinMagazine just hit. Its about an emerging vulnerability in the #Bitcoin mining network as it trends toward large, grid-based sites. There's still time to prevent the issue but the time to act is now.

Satoshi’s Heel: Is Mining Infrastructure A Vulnerability That Could Take Down Bitcoin?

The Bitcoin mining network presents a potential vulnerability to the network that could prove to be an Achilles’ heel unless addressed.

bitcoinmagazine.com

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Bob Burnett

@boomer_btc

2 years

If you bought Bitcoin as a saving technology and keep your time horizon long then this drawdown is not worth even an ounce of worry. Just keep on keepin’ on. If you have anything other than Bitcoin, my condolences.

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Bob Burnett

@boomer_btc

30 days

@Epsilon6_ The sentimental value is worth of having something from your grandfather far outweighs anything else. And, it symbolizes his struggle and his resistance at the time. When the day comes, give them to your kids or grandkids and use it to show them that this battle for freedom has…

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Bob Burnett

@boomer_btc

4 months

Luke is correct. This halving marks the end of Bitcoin’s Introductory Period. The subsidy will have dropped to just 6% of the original level and adoption has grown to a point such that Bitcoin the network and bitcoin the asset are showing the first true signs of their scarcity.…

Luke Broyles

@luke_broyles

4 months

You do realize that this is the good old days, right?… In 20 years the idea of a bunch of wholecoiners or whole-UTXOers on the same platform at the same time sharing memes and vibes will be legend. This is the beginning of the end of an era.

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Bob Burnett

@boomer_btc

4 months

How I imagine @SenWarren this evening.

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Bob Burnett

@boomer_btc

4 years

@RussellOkung Not about the Fed, not about how banks work, not about how money works, not what inflation really is, not what happened at Bretton Woods, not how income tax came to be, not the intentions behind social security, not how 401Ks feed Wall Street, not about the Cantillion Effect,....

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Bob Burnett

@boomer_btc

6 months

In case you haven’t checked, Bitcoin fees are roaring again. Do you have your house in order? Have you consolidated UTXOs? Have you moved your Bitcoin to its long term storage location? No? I’m telling you to do it now. Block space is absolutely scarce - just like bitcoin…

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Bob Burnett

@boomer_btc

13 days

Please folks, don’t scramble to own a sat from this block or any other. You are wasting your money. Go buy some Bitcoin instead. There is no such thing as the first sat or last sat or Epic sat in a block. There is no way to isolate a sat. @FoundryServices this is…

Will Foxley

@wsfoxley

13 days

BREAKING: @FoundryServices will 'isolate' the #Bitcoin Halving 'Epic Sat' and redistribute profits to its pool clients. Every mining company is now an Ordinals company.

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Bob Burnett

@boomer_btc

3 months

It is very common for people in the mining industry to volunteer how much mining capacity/energy usage they have. I stopped doing this a few years ago and, in fact, I no longer answer the question - even in private. I realized that from that simple piece of data so much…

Marty Bent

@MartyBent

3 months

If you are an operator in the bitcoin mining industry in the US it is imperative that you ignore this survey and tell the EIA, the Department of Energy, and the current administration to fuck off. Here's what they have in store for you.

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Bob Burnett

@boomer_btc

4 months

Proud to say that this block was found by a machine from the @BarefootMining family. One of the very cool aspects of having servers connected to @ocean_mining is the honor of knowing that one of your machines made this contribution.

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Bob Burnett

@boomer_btc

4 months

@AJDelgado13 @kalihollowayftw I was a C-Suite executive for a Fortune 200 company. After looking at my organization's hiring for an extended period of time I found that on the whole employees from Ivy League schools underperformed those from traditional public universities. The reason was very clear - while…

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Bob Burnett

@boomer_btc

11 months

@realdeepakterra @historyinmemes He didn’t even finish his first term.

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Bob Burnett

@boomer_btc

7 months

The Bitcoin Mempool backlog is now very close to 550K transactions. The past few weeks the backlog has consistently hovered in the all-time high range of 600K. Hash rate has been ripping and a few extra blocks per day are being produced but the network can't keep up. A…

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Bob Burnett

@boomer_btc

9 months

I'm pleased to announce that Barefoot Mining and Bitcoin Opportunity Fund have partnered to create a new Bitcoin mining company called West Bay Mining. The company is based in North Sioux City, SD and has been in operation since early June. Barefoot Mining is thrilled to be the…

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Bob Burnett

@boomer_btc

11 months

@AOCpress Printing money is inflation.

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Bob Burnett

@boomer_btc

3 months

Larry’s a good friend and Bitcoiner. Someone seems to have hacked his account. Pay no attention to this. @LawrenceLepard @jameslavish @FossGregfoss @JeffBooth @PrestonPysh pls retweet this as well to help us protect Larry.

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Bob Burnett

@boomer_btc

3 years

@IMFNews @RhodaWeeksBrown #Bitcoin is the most public, most transparent and most incorruptible currency ever created. Stop misleading people with your propaganda.

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Bob Burnett

@boomer_btc

2 years

@NobodyCaribou @nayibbukele Let us know if your friend needs any assistance, financial or otherwise, in seeking refuge in El Salvador. I am happy to help. @MilenaMayorga and @mardoqueoTochez might be able to help as well. They are from the El Salvadorian embassy to the US and are wonderful people.

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Bob Burnett

@boomer_btc

2 months

The block subsidy is essentially over. Many think the subsidy was for miners but that is not correct, it was for everyone so they could get used to using the base layer. For fifteen years, block space has been virtually free and instantly accessible to all to encourage…

Bit Paine ⚡️

@BitPaine

2 months

This has always been the case. Satoshi understood this. Hal understood this. The way we have become accustomed to using the #bitcoin base-layer over the last 10 years is not scalable. It never was. Complaining about this is strange to me - it suggests that these people never…

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Bob Burnett

@boomer_btc

1 month

@MarioNawfal Love it, most gangs are terrorist orgs. Treat them as such.

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Bob Burnett

@boomer_btc

11 months

@ClownWorld_ I owned a small chain of consumer electronics retail stores for about 15 years. Our gross margins on non-service items were in the range of 20-25% range. This means if someone stole a single item, we had to sell 4 or 5 more of that item just to cover the cost of the one that was…

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Bob Burnett

@boomer_btc

5 months

Peter is a master interviewer and conversationalist and makes it so easy. I felt like I was meeting an old friend for a beer after not having seen each other for several years. Time flew and we only scratched the surface of where this could have gone.

What Bitcoin Did

@WhatBitcoinDid

5 months

"If I make a decision that benefits me in the short term but creates some resistance to Bitcoin I'm hurting my family...and I couldn't live with myself." - @boomer_btc WBD746

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Bob Burnett

@boomer_btc

2 years

It’s important to improve diversity in the #Bitcoin mining network - both in the operational scale and in energy sources. Wild horses are mid-sized, off-grid operations and are key to network security. Thanks to @BitcoinMagazine for publishing my article.

The Crucial Role Of Wild Horses In Bitcoin Mining

Wild horses, the unruly mustangs of the bitcoin world, must make up a larger proportion of hash rate for optimal security of the network.

bitcoinmagazine.com

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Bob Burnett

@boomer_btc

2 months

@darrelltalksfi Never retire. It is a death-wish. What you want is financial independence so you can work on the things that you enjoy and make a contribution to the world - big or small. A person that lives without purpose is lost.

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Bob Burnett

@boomer_btc

2 months

If you are looking to kill some time, maybe my chat with the illustrious @PrestonPysh can help. This could have gone on for hours.

The Investor's Podcast

@TIP_Network

2 months

📢Tech exec turned Bitcoin mining leader @boomer_btc shares insights on navigating Bitcoin's challenges, harnessing ASICs for sustainability, and adapting to regulatory landscapes. A must-listen for entrepreneurs eyeing the evolving crypto scene. Don't miss out on today's…

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Bob Burnett

@boomer_btc

1 month

People often talk about the halving occurring every four years but that isn't true. It occurs every 210,000 blocks but typically occurs in less than four years. It appears that this upcoming halving will fall short by about 3 weeks. I expect this to be the trend for a long,…

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Bob Burnett

@boomer_btc

1 year

@CollinRugg Fantastic - very real and genuine. If that isn't the way you talk and behave in real life then you and I will not be friends.

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Bob Burnett

@boomer_btc

8 months

@LaughingTroll1 @shipwreckedcrew @hodgetwins A product with a backdoor is an "unsafe" not a safe. If they had built an actual safe then it wouldn't matter what the authorities present to them, they couldn't open it.

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Bob Burnett

@boomer_btc

1 year

@GUnderground_TV He’s not a good man but that doesn’t mean he is wrong. He is, in fact, 100% correct. Money and a monetary system should not be a weapon or means of control.

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Bob Burnett

@boomer_btc

1 year

@DSBatten @nytimes No one contacted me about my company. We are not hard to find. It worked out for the best though. Their article is an embarrassment to journalism. It is wrong on so many counts and is clearly influenced heavily by political motives.

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Bob Burnett

@boomer_btc

4 years

As of a few minutes ago we hit the 88% mark of all the Bitcoin ever to be mined. We will average only 1% per decade for the next 12 decades. Obviously front end loaded. #bitcoin #btc #bitcoinmining

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Bob Burnett

@boomer_btc

11 months

Lots of discussion recently about hash rate continuing to climb. I’ll offer some commentary/opinion from the perspective of a commercial mining company. Much of the hash rate growth of the last 9 months was from capital investments by large miners in late ‘21 and H1 of ‘22.…

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Bob Burnett

@boomer_btc

11 months

@amuse My prediction is that Amazon will soon announce a layoff of 2,000 people.

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Bob Burnett

@boomer_btc

4 months

Wall Street bent the knee.

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Bob Burnett

@boomer_btc

1 year

@greenpeaceusa @thevonwong You're spreading lies - shame on you.

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Bob Burnett

@boomer_btc

2 months

@BTC_Bernoulli Some ETF but most will go with a concierge type service. Interesting many have wealth advisors like Vanguard and they cannot get the ETF.

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Bob Burnett

@boomer_btc

4 months

@SenWarren Shame on you. You spew FUD, especially about Bitcoin, and use lies and half-truths to confuse the general population. You also refuse to have meaningful and open dialogue with anyone that doesn't agree with you - this largely means you talk with people who know very little…

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Bob Burnett

@boomer_btc

1 year

@jameslavish There is a huge myth about building wealth via home ownership. From 1989 to 2019 the exact same thing happened CPI and the average price of a home tracked within 1% over30 years. Factor in real inflation, maintenance, taxes, insurance, etc. and home ownership was a loser.

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Bob Burnett

@boomer_btc

9 months

I just released a new article on Medium that explores the economics behind mining pools. I've found that most Bitcoiners have only a superficial understanding of them and why they exist. I think you'll find some of the numbers fascinating - for instance, did you know that if you…

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Bob Burnett

@boomer_btc

2 years

@jimcramer If you are measuring Bitcoin in 10 day windows then you don’t understand Bitcoin.

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@boomer_btc

1 year

@DonaldJTrumpJr @Bitboy_Crypto Bitboy? Seriously, that is who you picked for insights?🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦🏼‍♂️🤦🏼‍♂️

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Bob Burnett

@boomer_btc

3 years

I've written an article w/ my thoughts on the Impact of China's #Bitcoin Mining ban. Summary: 1. 12+ months for China's miners to get mostly back on-line. 2. It'll be scattered over the globe and utilize off-grid sources. 3. Sale on S9s coming soon.

Impact of China’s Bitcoin Mining Ban

Over the past several days the most common question received by those of us in the mining business is, “how long until the Chinese miners…

medium.com

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Bob Burnett

@boomer_btc

4 years

@edstromandrew A few months we back got a $250k order from a client in Turkmenistan. We are in the US. It was going to take several days for us to get money through the banking system. We said we take Bitcoin. Deal was done an hour later and we shipped the next day. #bitcoinfixesthis

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Bob Burnett

@boomer_btc

6 months

At Barefoot Mining we have never made an offer to the general community - until now. We have immediate availability of the brand new Bitmain S19K Pro 120th/sec for $1999. These can be shipped or hosted immediately - pay today and you'll be hashing tomorrow. Hosting ranges…

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Bob Burnett

@boomer_btc

3 months

As further evidence of the dramatic change in the way the establishment financial community is embracing Bitcoin, I am happy to announce a new partnership with @FAMagazine for the production of a new monthly newsletter called the FA Bitcoin Advisor. Financial Advisor Magazine…

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Bob Burnett

@boomer_btc

9 months

I'm pleased to share that the Barefoot Bitcoin Fund has made an investment in @orangepillapp . It is exciting to join @ltngventures @MikeJarmuz @matthewdelly and the Orange Pill App team in helping advance this platform and connect the Bitcoin community. @natbrunell @BTCsessions …

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Bob Burnett

@boomer_btc

3 years

@nayibbukele Love it. I own mining companies and would love to explore working with you. Can you pls have someone contact me and I’ll come visit ASAP?

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Bob Burnett

@boomer_btc

3 years

Amen brother. If you are in Bitcoin based on the problems it solves then the events of the past week are not meaningful.

Preston Pysh

@PrestonPysh

3 years

@DBoHi_C @elonmusk I'm having the time of my life. If someone is scared or it bothers them, then they need a smaller position size.

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Bob Burnett

@boomer_btc

2 years

@RedLanternTNG @JustinTrudeau And the people protesting are doing so because they are suffering too.

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Bob Burnett

@boomer_btc

1 year

@DougSaunders My man, when Bitcoin was created one of its fundamental premises was that states should not control money because they will always corrupt it and mismanage it. Their historical record is perfect. Note that only Bitcoin is sound money and decentralized. These are two key…

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Bob Burnett

@boomer_btc

4 years

@Alyssa_Milano Here’s what isn’t in the article. QE and UBI are just forms of taxation. They attack wealth/savings and hurt the poor more than the rich. The Cantillion Effect is in full force and ruining the worlds economy. If you want to fight this, shutdown the FED and support Bitcoin.

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Bob Burnett

@boomer_btc

3 years

@JohnMcC11149469 @LindaFrum I’m a USA citizen but I don’t recognize your country either. As bad as I see things here, I feel even more terrified for what is happening in Canada and the apparent lack of concern by the masses there. It seems the country has lost its soul.

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Bob Burnett

@boomer_btc

2 months

I wish to clarify something. In this case a fee is reported in the block. There is no way to verify if this is the only fee. Also, even the reported fee/tx was not broadcast beforehand hurting price discovery. All of this said, one aspect of Bitcoin is that I support the…

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Bob Burnett

@boomer_btc

2 years

@PeterSchiff If you’re so confident in this drop then short the crap out of it. I hope you do. If you’re right you’ll have lots of money to buy more gold. If not, then you’ll finally understand the power of Bitcoin.

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Bob Burnett

@boomer_btc

2 months

@Abentley77 I can’t argue against that. Massive purchasing power/wealth here.

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@boomer_btc

4 months

Wow @PerianneDC with a bombshell! Shame on @SenWarren (again) and all those aligning with her.

What Bitcoin Did

@WhatBitcoinDid

4 months

"The American Banker’s Association wrote the bill…the fight is happening now; things have really heated up and I think we’re in the ‘and then they fight you stage, and then we win,’ and I think we’re clearly winning." - @PerianneDC WBD750

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Bob Burnett

@boomer_btc

1 month

Looking at this video about Bitcoin Cash I am reminded of the story of Hiroo Onoda. Hiroo was an officer in the Japanese Army during WWII and he was stationed in the Philippines. When the war ended he refused to believe it and fled to the hills. He spent the next 29 years in the…

Kim Dotcom

@KimDotcom

1 month

First I supported #Bitcoin but then it got hijacked by bankers and turned into slow and expensive garbage. Ever since then I support #BitcoinCash because it allows you to be your own bank with instant and cheap transactions. The takeover is inevitable.

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Bob Burnett

@boomer_btc

1 year

@engineers_feed What happened right before the Big Bang?

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Bob Burnett

@boomer_btc

2 years

Some Bitcoin math: * 19.07M bitcoin are in circulation * ~900 BTC/day are released via the miners now * New bitcoin will be introduced for 118 years * During that time the average (mean) release will be 44.92 BTC/day * The median release will be just 0.027 BTC/day

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Bob Burnett

@boomer_btc

3 years

@michael_saylor Just made a similar tweet last night. The supply squeeze is coming and it doesn’t take IPOs for the mining companies to do this. The availability of capital from high net worth folks, family offices, etc already makes this possible.

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Bob Burnett

@boomer_btc

2 months

MESSAGE FOR THE PEOPLE OF THE PHILIPPINES: I will reiterate as a Filipino by marriage that Bitcoin is likely the only hope The Philippines and its people have to change their future within the lifetime of everyone currently alive. Those spewing disinformation and attacking it…

Florin Hilbay

@fthilbay

2 months

I say this with care: you’re doubling down without studying, resisting emotionally without learning. Invitation stands: spend 300 hours studying. Re your points, read Daniel Batten and Alex Gladstein, for starters. Then you have an informed opinion.

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Bob Burnett

@boomer_btc

2 months

I’m looking forward to chatting with Fred later today. I’m a big fan of what he does and this should make for a stimulating conversation.

Fred Krueger

@dotkrueger

2 months

I'm going to do a live streaming interview with Bob Burnett, founder and CEO of Barefoot Mining tomorrow at 8am PST, 11am EST. Bob has a CS degree from University of Wisconsin, and has 13 years experience as an executive at Gateway. Dinosaurs like me remember very well the…

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Bob Burnett

@boomer_btc

26 days

@mikealfred I can also confirm that requests to buy direct from us at Barefoot Mining are increasing.

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Bob Burnett

@boomer_btc

2 months

@unusual_whales And ironically, that makes the price of Bitcoin go higher. Quite the conundrim for Mr. Powell.

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Bob Burnett

@boomer_btc

10 months

@BrockRiddickIFB The correct answer is 1. It is easier to understand why when you at the problem expressed in this fashion instead of the linear fashion in the original question.

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Bob Burnett

@boomer_btc

7 months

Yesterday, I tweeted about the mempool backlog and it seemed to catch the attention of some folks. For those interested in looking a bit deeper, here's a bit more of my thoughts and a historical chart of mempool backlog. As you can see, for about seven months the mempool has…

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Bob Burnett

@boomer_btc

6 months

@SamHai3 @fasc1nate Awesome - humanity and compassion are alive.

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Bob Burnett

@boomer_btc

5 months

Next week will be a big one!

OCEAN

@ocean_mining

5 months

On November 28th, #Bitcoin mining will change forever. Join @Jack Dorsey, @LukeDashjr , @GiacomoZucco , Bob Burnett @boomer_btc , and other prominent bitcoiners live to discuss the #FutureOfBitcoinMining .

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Bob Burnett

@boomer_btc

11 months

@stillgray It is an outfit I’d only wear in public while making a late night run to Walmart because the 9v battery in my smoke detector is going dead and won’t stop beeping.

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Bob Burnett

@boomer_btc

20 days

I completely support @adam3us not engaging in these debates. @ToneVays has graciously offered a wager that gives BCH a very low bar to prove its viability. To illustrate the current precarious level of the BCH mining infrastructure, if Barefoot Mining directed all of its hash…

Tone Vays

@ToneVays

20 days

Why are these guys still trying to debate 🤷🤦... Winners of debates are subjective & completely fan based. Here is a bet I'm willing to make that is quantifiable and will have a clear winner: Current price of $BTC is $70,000 & it's about to have a having next week (BCH just had…

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Bob Burnett

@boomer_btc

1 year

@engguy55 I’m not a fan of large mining sites for the reason you stated, that said, I still support their right to exist and definitely think this tax is a horrible idea.

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Bob Burnett

@boomer_btc

3 years

@azitanjd @Breaking911 It is forcing people to get a vaccination (my body - my choice) or essentially be under house arrest. And, it is also infringing on the privacy of their health information. Other than that, not a problem. Resistance to this will be fierce.

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Bob Burnett

@boomer_btc

1 year

@crypto @BradSherman is a disgrace. He clearly hasn’t taken the appropriate time to even understand Bitcoin and he doesn’t have the knowledge to even separate Bitcoin from crypto from exchanges. Don’t write laws, regulations or pass judgement on things you don’t understand Congressman.

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Bob Burnett

@boomer_btc

11 months

@POTUS Violence toward any group is wrong. That said, what are the stats that anti-semitism is at an all-time high. And, who is being silent?

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Bob Burnett

@boomer_btc

2 months

Great graphic here and nice summary by Fred but let me add a little color. This cycle is correct but one thing to also consider is that there is a material time lag between when money comes into mining and when hash rate goes up. This has historically led to too much money…

Fred Krueger

@dotkrueger

2 months

This diagram by Giovani is really interesting. Let me paraphrase 1. As Bitcoin Price goes up, Mining is more profitable 2. This draws more capital into mining 3. This capital is looked on as "the intrinsic value of the network 4. With this "intrinsic value going up" price goes…

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