Bitcoin, Media, and Innovation by David Bailey
David Bailey: Bitcoin declines 3% after $6 billion Binance and Polymarket hacks
Bitcoin fell only 3% following news that Binance and Polymarket were hacked for $6 billion. David Bailey described this limited decline as the strongest evidence yet that the bear market is ...
Metaplanet shares rose 1,300% from origin, David Bailey notes
David Bailey emphasizes that Metaplanet was the best performing equity globally for nearly two years. The company remains up 1,300% from its origin, even after a pullback in bitcoin prices. ...
David Bailey: Offers to buy BOY tokens for $10 each in bulk
David Bailey is seeking to purchase Blake coins (BOY) at $10 each, with a minimum order size of 1,000 BOY. He indicated his thesis is that it would be amusing if the founders of the project ...
AI will drive changes in Bitcoin security and mining, David Bailey notes
David Bailey highlights the transformative impact artificial intelligence could have on key areas of Bitcoin, including security, development, key management, user experience, and mining. He ...
David Bailey: ETF inflows expected to strengthen after key expiry
David Bailey expects that a recent move in the market will catch many participants off guard and drive several strong days of ETF inflows. He highlights that an expiry is set for Friday and ...
BIP-110 met little support and was called incoherent, David Bailey argues
David Bailey criticized the attempted activation of BIP-110, describing it as the least popular, most incoherent, and most inconsequential softfork in the history of such proposals. He accused ...
David Bailey: Ledger and Trezor commended for protecting digital assets
David Bailey expresses strong respect for hardware wallet providers Ledger and Trezor, highlighting the effort they put into safeguarding cryptocurrency holdings. He notes that these companies ...
Staying humble is essential in Bitcoin, David Bailey notes
David Bailey reflects on his 15 years of experience in Bitcoin, emphasizing that no one has consistently accurate predictions or knowledge in the space. He highlights the importance of staying ...
David Bailey: Miners likely to flip the bit as activation becomes mathematically impossible
David Bailey highlights that it is now mathematically impossible for activation to occur, suggesting that miners are likely to flip the bit at any moment. This observation points to a significant ...
BMAG_HQ has unmatched bitcoin art, David Bailey notes
David Bailey expresses strong admiration for the BMAG_HQ office, describing it as the coolest bitcoin office in the world. He highlights the distinctive art collection at BMAG_HQ, stating that ...
David Bailey: BIP-54 has 42 times more hashrate than BIP-110
David Bailey draws attention to the support for BIP-54, highlighting that it already has 42 times more hashrate backing it than BIP-110. He questions the rationale of using a 55% activation ...
Bitcoin Magazine achieved several notable milestones, David Bailey notes
David Bailey reflects on the various initiatives and achievements of Bitcoin Magazine over the years. He highlights his appreciation for memorable projects and collaborative efforts mentioned in ...
David Bailey: Self-custody required for airdrop eligibility on fork day
David Bailey highlights that individuals must hold their own cryptocurrency assets in self-custody to receive an airdrop associated with an upcoming fork event. Users relying on third-party ...
Bitcoin protocol remains unchanged without consensus, David Bailey notes
David Bailey highlights that changes to the bitcoin protocol require consensus. According to Bailey, without agreement from participants, proposed changes such as BIP110 will not be implemented. ...
David Bailey: Wall Street lacks understanding of Bitcoin governance in BIP110 discussion
David Bailey comments on the current BIP110 debate, suggesting that traditional Wall Street institutions do not fully understand how Bitcoin governance functions, specifically referencing the ...
One node one vote enables consensus manipulation, David Bailey warns
David Bailey questions the rationale behind the idea of one node one vote in blockchain consensus, highlighting that nearly half of respondents in a poll of 900 votes appear to support this ...
David Bailey: Bitcoin has no king and needs no king
David Bailey questions the direction of an individual referred to as BCHJr, suggesting this person is emulating Craig Wright. Bailey emphasizes that Bitcoin operates without a central leader or ...
BIP-110 takeover attempt fails, David Bailey notes
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 ...
David Bailey: STRC at $75 and MSTR at $85 as BTC holds $59,500
David Bailey highlighted early morning market moves, noting STRC at $75 and MSTR at $85. He also pointed out that BTC remains steady at $59,500, describing its performance as surprisingly ...
Market dislocation in Prefs creates new opportunities, David Bailey notes
David Bailey observes that trading in preferred securities (Prefs) can lead to second order effects and new opportunities resulting from market dislocation. He also mentions that products like ...
David Bailey: Nakamoto reduces debt by $45 million and extends maturities to 2027
David Bailey announced that Nakamoto has strengthened its balance sheet by reducing debt by $45 million, extending maturities into 2027, and lowering financing costs. The company also maintains a ...
