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Holaitsak47
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THIS GUY BOUGHT $523 MILLION WORTH OF
BITCOIN
AND $519 MILLION WORTH OF
ETHEREUM
YESTERDAY.
WHAT DOES HE KNOW?
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On This Day in Crypto – August 15 2010: The Bitcoin Value Overflow Incident On August 15, 2010, Bitcoin faced one of its most serious crises. An anonymous hacker discovered a flaw in Bitcoin’s code and created 184,467,440,737 BTC — more than 8,700 times the intended 21 million limit. Two addresses received 92.2 billion BTC each, in what became known as the Value Overflow Incident. Fortunately, the community responded immediately. Within five hours, Satoshi Nakamoto and other developers released Bitcoin v0.3.1, implementing a soft fork that invalidated the overflow transactions. The blockchain was reorganized by 53 blocks — the largest rollback in Bitcoin’s history — erasing the invalid coins and restoring the 21M cap. --- 📌 2017: Bitcoin Cash Hard Fork Fast forward to August 15, 2017, when another pivotal event unfolded — the Bitcoin Cash hard fork. The fork was fueled by disputes over Bitcoin’s scalability. Bitcoin Cash (BCH) raised the block size limit from 1MB to 8MB to allow higher throughput. Bitcoin (BTC) supporters chose Segregated Witness (SegWit), focusing on transaction malleability fixes and second-layer scaling (like Lightning Network). This split created two distinct visions of Bitcoin that continue to exist today: BTC as digital gold, and BCH as peer-to-peer cash. 💡 Did You Know? Even though 184 billion BTC were technically created in 2010, the community’s quick action ensured they never became part of Bitcoin’s history. This incident proved something profound: 👉 Bitcoin’s scarcity is enforced not only by code, but by the people who safeguard it. #MarketTurbulence
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