Corn Innovation: Bitcoin once broke through the supply limit of 21 million coins due to a vulnerability, and ultimately the community saved Bitcoin rather than the code.

1-01-01 00:00:00

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Odaily News Corn co-founder Zak Cole posted on the X platform that Bitcoin was created out of thin air due to a bug on August 15, 2010, resulting in approximately 184 billion BTC. This “value overflow event” caused two wallets to receive about 92.2 billion BTC. Satoshi Nakamoto and several other developers (including Jeff Garzik and Gavin Andresen) launched a new client version containing a soft fork five hours later to prevent similar events in the future. All nodes upgraded at Block 74691, and the new chain replaced the old chain. Zak Cole stated that this event illustrates that the scarcity of Bitcoin is actually protected by people, not by code. The only reason Bitcoin did not perish that day is that someone noticed the issue and released a fix; within five hours, the invalid blocks were removed from consensus. Bitcoin was saved not because of the protocol, but because of the people running the protocol. This is the truth behind the “decentralization” narrative. Code did not save Bitcoin; the community saved Bitcoin.

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