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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
Corn Lian Chuang: The scarcity of Bitcoin is not protected by code, but by people.
PANews March 30 news, Corn co-founder Zak Cole tweeted that on August 15, 2010, a bug in Bitcoin block 74638 created 18.4 billion BTC out of thin air. Due to the code not checking for integer overflow, two addresses each received about 9.22 billion coins. The only reason Bitcoin did not perish that day was that someone noticed it. Within five hours, a fix was pushed, a patched client was released, nodes upgraded, and invalid blocks removed from 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 running that protocol. This is the truth behind the "trustless" narrative. Code did not save Bitcoin; the community did. Scarcity has never been a guarantee but a struggle. It remains so today.