BuddyPress.org

Well, you turn off the static front page for starters.

If what you’re saying is that you want your home page to be static, and have /blog be your blog, you can just customize home.php in your theme directory and have that be your home page?

Otherwise, you’ll need to rename or remove home.php, set your static front page, and create a page called “Blog” and set it to be your blog.