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Corn Lianchuang: Bitcoin once exceeded the 21 million supply limit due to a vulnerability. In the end, the community saved Bitcoin instead of the code
2025-03-30 06:37

Odaily News Corn co-founder Zak Cole posted on the X platform that Bitcoin created about 184 billion BTC out of thin air due to a bug on August 15, 2010. 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 incidents from happening in the future. All nodes were upgraded at block 74691, and the new chain replaced the old chain.
Zak Cole said that this incident shows that the scarcity of Bitcoin is actually protected by people, not code. The only reason Bitcoin did not die that day was that someone noticed this and released a fix. Within five hours, the invalid block was deleted from the consensus. Bitcoin was saved not because of the protocol, but because of the people who run the protocol. This is the truth behind the "trustless" narrative. The code did not save Bitcoin, the community saved Bitcoin.