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

PANews reported on March 30 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. Because the code did not check for integer overflow, two addresses received about 92.2 billion each. The only reason Bitcoin did not die that day was that someone noticed. Within five hours, fixes were pushed, patched clients were released, nodes were upgraded, and invalid blocks were removed from the consensus. Bitcoin's scarcity is not protected by code, it is protected by people. Bitcoin's monetary policy is not saved by the protocol, but by the humans who run the protocol. This is the truth behind the "trustless" narrative. The code did not save Bitcoin, the community did. Scarcity has never been a guarantee, but a struggle. It is still the case now.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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