{"id":459481,"date":"2021-03-24T19:54:28","date_gmt":"2021-03-24T19:54:28","guid":{"rendered":"https:\/\/wncen.com\/?p=459481"},"modified":"2021-03-24T19:54:28","modified_gmt":"2021-03-24T19:54:28","slug":"why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\/","title":{"rendered":"Why Cardano\u2019s Hoskinson is referring to a bug that forced a Bitcoin fork?"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/press-releases\/charles-hoskinson-and-dovey-wan-join-star-studded-line-up-for-blockdown-3-0-spooktacular\/\">Input-Output Global CEO Charles Hoskinson<\/a> announced that he has prepared his segment for the highly anticipated Cardano 360 event. In the mysterious post, Hoskinson hinted at a bug that allowed a hacker to mint 184 billion Bitcoin.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just finished recording my segment for Cardano 360 tomorrow. It&#39;s going to be a fun one \ud83d\ude42 See everyone tomorrow! <a href=\"https:\/\/t.co\/dG2vqOd5Mj\" rel=\"nofollow\">pic.twitter.com\/dG2vqOd5Mj<\/a><\/p>\n<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/81608706?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Known as the &#8220;Value Overflow Incident&#8221;, the bug was recorded in August 2010 and forced Bitcoin creator Satoshi Nakamoto to fork Bitcoin&#8217;s blockchain to &#8220;delete&#8221; the generated BTC. These were sent to two separate addresses.<\/p>\n<p>A few hours after the event, a new version of the Bitcoin client was released and the chain considered &#8220;good&#8221; overtook the &#8220;bug blockchain&#8221; at block height 74691. The BTCs created by the bad actor ceased to exist.<\/p>\n<p>In the image presented by Hoskinson, other tabs are also visible in his browser. This refers to smart contracts and the platform that will support them on Cardano&#8217;s blockchain, Plutus. Some users speculate that the reference to the &#8220;Value Overflow Incident&#8221; is a nod to the &#8220;double-spending&#8221; accusation that &#8220;Cardano never had&#8221; a few days ago.<\/p>\n<p>In an earlier post, Hoskinson told &#8220;Cardano fans&#8221; that the event would be full of important announcements:<\/p>\n<blockquote><p>Cardano Fans, you&#8217;re really going to want to tune in to March&#8217;s Cardano 360 Episode. It&#8217;s going to be action-packed!<\/p><\/blockquote>\n<h2><strong>Agenda for Cardano 360<\/strong><\/h2>\n<p>Led by IOHK&#8217;s Director of Marketing and Communications, Tim Harrison, and Aparna Jue, Product Director at IOHK, Cardano 360 is a monthly event where they give news on the development of the ecosystem.<\/p>\n<blockquote><p>Bring yer own cushion and don\u2019t worry. If you can\u2019t stick around, we\u2019ll be dicing and slicing it and serving it up throughout next week in bite-size chunks.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bring yer own cushion \ud83d\ude4f and don\u2019t worry. If you can\u2019t stick around, we\u2019ll be dicing and slicing it and serving it up throughout next week in bite size chunks \ud83d\udc4d <a href=\"https:\/\/twitter.com\/hashtag\/Cardano360?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Cardano360<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Cardano<\/a> <a href=\"https:\/\/t.co\/OIjBw7uXCF\" rel=\"nofollow\">https:\/\/t.co\/OIjBw7uXCF<\/a><\/p>\n<p>&mdash; Tim Harrison (@timbharrison) <a href=\"https:\/\/twitter.com\/timbharrison\/status\/51282698?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the comments section, the majority of the community asked for more news on the deployment of Alonso and Plutus. Harrison also announced the conclusion of his segment for the event, and stated: &#8220;that there will be lots coming down the line&#8221;. He also confirmed that there will be updates on Cardano&#8217;s DeFi capabilities.<\/p>\n<p>The event will start at 17:30 UTC, Input-Output Global further confirmed that partners, team members, and the community will participate. In addition, it is expected that there will be an update on everything that has happened since the deployment of Hard Fork Combinator &#8220;Mary&#8221;.<\/p>\n<p>ADA&#8217;s price is showing losses of 1.8% on the last day chart. In the last month, Cardano&#8217;s native cryptocurrency only registers gains of 1.6%, showing little reaction to its <a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-listed-on-coinbase-adas-price-rises\/\">Coinbase listing<\/a> and the hype of the event happening tomorrow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Input-Output Global CEO Charles Hoskinson announced that he has prepared his segment for the highly anticipated Cardano 360 event. In the mysterious post, Hoskinson hinted at a bug that allowed a hacker to mint 184 billion Bitcoin. Just finished recording my segment for Cardano 360 tomorrow. It&#39;s going to be a fun one \ud83d\ude42 See everyone tomorrow! pic.twitter.com\/dG2vqOd5Mj &mdash; Charles Hoskinson (@IOHK_Charles) March 24, 2021 Known as the &#8220;Value Overflow Incident&#8221;, the bug was recorded in August 2010 and forced Bitcoin creator Satoshi Nakamoto to fork Bitcoin&#8217;s blockchain to &#8220;delete&#8221; the generated BTC. These were sent to two separate addresses. A few hours after the event, a new version of the Bitcoin client was released and the chain considered &#8220;good&#8221; overtook the &#8220;bug blockchain&#8221; at block height 74691. The BTCs created by the bad actor ceased to exist. In the image presented by Hoskinson, other tabs are also visible in his browser. This refers to smart contracts and the platform that will support them on Cardano&#8217;s blockchain, Plutus. Some users speculate that the reference to the &#8220;Value Overflow Incident&#8221; is a nod to the &#8220;double-spending&#8221; accusation that &#8220;Cardano never had&#8221; a few days ago. In an earlier post, Hoskinson told &#8220;Cardano fans&#8221; that the event would be full of important announcements: Cardano Fans, you&#8217;re really going to want to tune in to March&#8217;s Cardano 360 Episode. It&#8217;s going to be action-packed! Agenda for Cardano 360 Led by IOHK&#8217;s Director of Marketing and Communications, Tim Harrison, and Aparna Jue, Product Director at IOHK, Cardano 360 is a monthly event where they give news on the development of the ecosystem. Bring yer own cushion and don\u2019t worry. If you can\u2019t stick around, we\u2019ll be dicing and slicing it and serving it up throughout next week in bite-size chunks. Bring yer own cushion \ud83d\ude4f and don\u2019t worry. If you can\u2019t stick around, we\u2019ll be dicing and slicing it and serving it up throughout next week in bite size chunks \ud83d\udc4d #Cardano360 #Cardano https:\/\/t.co\/OIjBw7uXCF &mdash; Tim Harrison (@timbharrison) March 24, 2021 In the comments section, the majority of the community asked for more news on the deployment of Alonso and Plutus. Harrison also announced the conclusion of his segment for the event, and stated: &#8220;that there will be lots coming down the line&#8221;. He also confirmed that there will be updates on Cardano&#8217;s DeFi capabilities. The event will start at 17:30 UTC, Input-Output Global further confirmed that partners, team members, and the community will participate. In addition, it is expected that there will be an update on everything that has happened since the deployment of Hard Fork Combinator &#8220;Mary&#8221;. ADA&#8217;s price is showing losses of 1.8% on the last day chart. In the last month, Cardano&#8217;s native cryptocurrency only registers gains of 1.6%, showing little reaction to its Coinbase listing and the hype of the event happening tomorrow.<\/p>\n","protected":false},"author":535,"featured_media":456479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896,3],"tags":[12333,14643,428,1119,12332],"class_list":["post-459481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","category-news","tag-ada","tag-adausd","tag-bitcoin","tag-btc","tag-cardano"],"acf":[],"yoast_head":"\n<title>Why Cardano\u2019s Hoskinson is referring to a bug that forced a Bitcoin fork?<\/title>\n<meta name=\"description\" content=\"Input-Output Global CEO Charles Hoskinson announced that he has prepared his segment for the highly anticipated Cardano 360 event. 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why Cardano\u2019s Hoskinson is referring to a bug that forced a Bitcoin fork?","url":"http:\/\/wncen.com\/news\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_243021490_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_243021490_s-2019.jpg?fit=1000%2C880"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausd","bitcoin","btc","cardano"],"dateCreated":"2021-03-24T19:54:28Z","datePublished":"2021-03-24T19:54:28Z","dateModified":"2021-03-24T19:54:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why Cardano\\u2019s Hoskinson is referring to a bug that forced a Bitcoin fork?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_243021490_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_243021490_s-2019.jpg?fit=1000%2C880\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausd\",\"bitcoin\",\"btc\",\"cardano\"],\"dateCreated\":\"2021-03-24T19:54:28Z\",\"datePublished\":\"2021-03-24T19:54:28Z\",\"dateModified\":\"2021-03-24T19:54:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_243021490_s-2019.jpg?fit=1000%2C880","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/459481"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=459481"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/459481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456479"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=459481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=459481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=459481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}