Zak Cole, a Blockchain protocol and businessman, released X to remind the encryption community, especially Bitcoiners, about a big mistake that hit Bitcoin 15 years ago, enhancing its total supplies to approximately 200 billion BTC.
His message was that society, which saved Bitcoin from this defect, proved that it was more important than the first code that struck him wrong.
One day when Bitcoin erupted and 184.4 billion BTC
Cole reminded the community today that fell in history as “The optimum excess incident.“Once again in 2010, on August 15, there was an error in the 74638 mass that was born 184,467,440,737.09551616 Bitcoins for three different governorates – an amount exceeding 21 million BTC intended by Satoshi Nakamoto 8,784X.
Two of that governor received 92.2 billion bitcoin currency each. This happened after a year and a half of the launch of Bitcoin on January 9, 2009. When it was observed, within five hours, Satoshi Nakamoto and many other developers, including Jeff Garzik and Gavin Andresen, released a new customer with a soft thorn to prevent similar incidents in the future. In Block 74691 all the nodes that were promoted and the new series overcame the old.
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Society is more important than the code
Zak Cole emphasized that there is no perfect symbol and that society only can notice defects and errors and remove them in a timely manner on this example of Bitcoin, whose symbol was reported that it is not flawed by many Bitcoin.
“Bitcoin’s scarcity is not protected by the code. It is protected by people,” Cole stated. “The only reason that Bitcoin has not died on that day is that someone has noticed it. Bitcoin’s critical policy was saved, not with the protocol, but by the humans he runs.”
