BIP 110 Fails, Coldcard Fallout, Wrench Attacks and the Clarity Act Delay

This episode of The Weekly covers a heavy week for Bitcoin and crypto.

David Sencil and Graham Stone discuss the failure of BIP 110, the proposal to limit arbitrary data storage on Bitcoin, after node signaling came in far below the required threshold. They look at what the collapse says about Bitcoin governance, miner incentives, block space, inscriptions, and the unresolved debate over Bitcoin as money versus Bitcoin as a store of value.

They also cover the Coldcard hack fallout, the possibility of partial recovery, the emergence of the Bitcoin Red Team, and the discovery of thousands of vulnerabilities across open-source Bitcoin projects.

The episode then turns to wrench attacks, rising physical violence against crypto holders, data leaks, family targeting, and the need for stronger operational security.

Finally, they break down the Clarity Act’s missed summer deadline, the September 15 vote, and why U.S. crypto regulation may remain stuck while the rest of the market waits.

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