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David Bailey

Founder and CEO of BTC Inc (parent of Bitcoin Magazine), CEO of Nakamoto (NASDAQ: NAKA), and Trump crypto advisor.

Jul 9, 2026

speaker_22UNKNOWN
98:46
Maybe he can come up and, uh, pretend to be Mechanic.
98:49
Um, you know, I, I, I feel like everything that has been said, you know, that can be said has been said, and so there weren't any questions that I had to try to convince Mechanic of a certain perspective or view.
99:02
My questions were really more about, um, just the practical go forward, um, of, you know, uh, how we will treat all soft work proposals, you know, go forward if, um, you know, the activation threshold is, is gonna match what we have, uh, with BIP 110.
99:21
And, you know, I also had questions about, like, you know, I think probably the biggest issue, I, I mean, there's a lot of issues I have, but biggest philosophical question is we're gonna fire, we're gonna fire Core and replace Core with Luke, and, um, that's a pretty massive, massive, massive ask.
99:40
And so I would just love to know what the development roadmap is of NOTS, who the developers are that are working on the project, what are their priorities, um, what is their, you know, uh, a- after BIP 110, what do they plan on shipping next? I mean, I feel like these are the fundamental questions about setting the future directional path of Bitcoin, and I haven't really heard anyone ask those questions, and I haven't really heard any of you whatsoever.

1 HR 4 MINS LATER

MechanicPANELIST
164:07
Everyone that, everyone that's on there has been cited with some sort of tweet where they've referenced doing it.
164:13
Okay.
164:14
So, hey, my la- my last question for you is, you know, BIP 148 comes, I guess, August 8th.
18:23
But as I've talked to people, it's actually, it's like it's building a slow momentum, like the gears of policy
18:29
policyYou know, just move slower.
18:33
And so I would say there's actually more excitement about Trump and what he's gonna do now when I go internationally than there was even, you know, a year ago.
18:42
You know, I think though, like, one thing we can't get carried away with, and I'm-- I am deeply loyal to the president for everything he's done for our industry, for everything he's done for, um, uh, for Ross Ulbricht, for a lot of causes that he's championed for us.
18:54
This is the first politician that's ever, you know, championed our, our worldview.
19:00
But at the end of the day, you know, liking Bitcoin is not enough.
19:07
Like, people-- I, I keep reading this commentary like, "Oh, well, you know, all the regulatory barriers have been swept away.

7 MINS LATER

26:40
Uh, and it's, it's a lot of-- It's, it's, it takes some fortitude, even more so than, than, than owning Bitcoin does.
37:05
I like I can't.
37:07
Well, so let's jump into that.
37:09
But before we do, I want to finish answering the question you asked.
37:12
So we're still looking at these markets, but we're mindful of the market conditions.
37:18
We're also like there is a perception becomes reality type dynamic where and, you know, like when the merger happened for Nakamoto and our stock sitting hammered.
37:30
You know, my general view was like, look, like, you know, people are going to trade this stuff up and down.
37:35
Like, we just focus on the strategy and ignore the noise.

16 MINS LATER

53:29
I don't flip stuff around, but- You know, if someone was starting this right now, would you have raised capital in a different way? Are there like announcements you would have not made? Do you think the SEC or even like we've heard rumors that the Nasdaq's not looking at these favorably at this point? Like, would you have not done a reverse merger? Would you form a new company? I mean, there's a million ways this could be done.
27:27
What's the pitch?
27:30
well, you know, I don't want to betray any confidence, but we made multiple decks.
27:35
We went back and forth many, many times at first with Paul.
27:38
Then when, when Paul like basically like got the door open to Trump, then with Trump's team, then, you know, you know, back and forth responding, like they, they knew not a lot on the topic.
27:50
So there's a lot of education that had to happen.
27:51
And then like, as they got bought in, then it was like, okay, well, if we were bought in, like what would even be our policies on this? And it was like, okay, well, you know, now we need to like create a Bitcoin, an America first Bitcoin policy platform for y'all.
28:03
And, um, and like, so we went like through that process and then it was like, you know, then I think like the key moment was like, like it got all the way to the, the big man, all this stuff we'd gone through.

9 MINS LATER

37:44
And so like, I'm,

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