Bitcoin is not a free for all. It is a system of rules that are purpose born. When somebody finds a way to exploit a loophole in those rules in a manner that does not respect the purpose of Bitcoin, that loophole must be closed to ensure that the system can still serve it's purpose. When a dude found a vulnerability that enabled him to mint 184 million Bitcoin, the developers fixed it, and nobody was screaming "muh free market!" over them fixing the code.

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Discussion

Was this an actual thing, and if so, was this 2015 or earlier?

Happened in August 2010

What is the side effect of this supposed loop hole?

Is it damaging the system?