Corn Lianchuang: Bitcoin's scarcity is not protected by code, but by people

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PANews
03-30
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PANews reported on March 30th that Corn co-founder Zak Cole tweeted that on August 15, 2010, an error in Bitcoin block 74638 created 184 billion BTC out of thin air. Due to the code not checking integer overflow, each of two addresses received approximately 9.2 billion coins. The only reason Bitcoin did not perish that day was because someone noticed the issue. Within five hours, a fix was pushed, a patched client was released, nodes were upgraded, and the invalid block was deleted from consensus. Bitcoin's scarcity is not protected by code, but by people. Bitcoin's monetary policy was not saved by the protocol, but by the humans running it. This is the truth behind the "trustless" narrative. The code did not save Bitcoin, the community did. Scarcity was never a guarantee, but a struggle. It remains so to this day.

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