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BIP-110 takeover attempt fails, David Bailey notes

BIP-110 takeover attempt fails, David Bailey notes
BIP-110 failure seen as bullish for Bitcoin

David Bailey describes the failure of the BIP-110 proposal as an extremely positive outcome for Bitcoin.

According to Bailey, the attempt—characterized as a hostile takeover—was the result of a multi-year campaign of information warfare orchestrated by a notably eccentric Bitcoin developer. The campaign reportedly included launching a mining pool, developing a competing Bitcoin client, and carrying out coercive actions.

Bailey has previously stated his continued confidence in bitcoin as math-based money, noting that volatility may persist but urging holders to remain patient in earlier commentary. He also reported on STRC at $75, MSTR at $85, and BTC maintaining $59,500 in a recent market update, describing the cryptocurrency as showing stability in recent trading. These observations provide context for Bailey’s latest comments on protocol governance and resilience.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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