Corn Co-creation: The scarcity of Bitcoin is protected by people, not code

ChainCatcher 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) released a new client version with a soft fork five hours later to prevent similar incidents in the future, and all nodes upgraded at block 74691, with the new chain replacing the old one.

Zak Cole stated that this event illustrates that Bitcoin's scarcity is actually protected by people, not code. The only reason Bitcoin did not perish that day was that someone noticed the issue and published a fix, and the invalid blocks were removed from consensus within five hours. Bitcoin was saved not because of the protocol, but because of the people running the protocol; this is the truth behind the "decentralization of trust" narrative. The code did not save Bitcoin; the community did.