13-year anniversary of transaction between Satoshi and Hal Finney

On January 10, 2009, Satoshi Nakamoto sent the first bitcoins to Hal Finney. It is a significant event in cryptocurrency history and serves as an example of how far blockchain has come since its inception.

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On September 18, 2008, Satoshi Nakamoto sent a transaction to Hal Finney. This was the first time that a Bitcoin transaction had been made. The 13-year anniversary of this transaction is on September 18th, 2018.

 

Hal Finney, a computer scientist, received the first transaction on the Bitcoin blockchain from its inventor Satoshi Nakamoto precisely 13 years ago today.

On January 12, 2009, Satoshi transferred Finney 10 BTC, which at the time was worth almost nothing but is now worth over $440,000. At the time, the Bitcoin (BTC) white paper was just three months old. The action was the first in a sequence of hundreds of millions of Bitcoin transactions involving millions of individuals throughout the globe, and it was probably a test to see whether the blockchain was viable.

Finney said on Bitcointalk.org in 2013: “When Satoshi released the initial version of the program, I downloaded it immediately quickly. “I believe I was the first user of bitcoin other than Satoshi. When Satoshi delivered me ten pennies as a test, I was the beneficiary of the first bitcoin transaction and I mined block 70 or such. Over the next several days, Satoshi and I spoke through email, with me mostly reporting issues and him correcting them.

operating bitcoin

11 January 2009 — halfin (@halfin)

Finney was among the first to react to Satoshi’s message on the cypherpunks mailing list, and many in the community still thought he was one of the anonymous persons who invented Bitcoin. Sadly, the illustrious pioneer of cryptography died away in 2014 from ALS, often known as Lou Gehrig’s illness. Today, he would have turned 65.

The cryptocurrency asset, whose blockchain as of January 8 has accumulated more than 701 million transactions, didn’t even have a monetary value when the first BTC was transmitted. One of the most well-known early use cases, trading 10,000 Bitcoin for two pizzas in 2010, paved the road for the cryptocurrency asset to ultimately be accepted in numerous bars and eateries and even to serve as legal money across the whole nation of El Salvador.

Former customers are unable to forget their grief as the first pub to accept Bitcoin shutters.

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Bitcoin and other cryptocurrencies were virtually unheard of, extremely experimental, and untested thirteen years ago. Regulators from across the globe are now debating how to manage the integration of stablecoins, digital assets, and central bank digital currencies into their financial systems.

The BTC network will probably still have a ton of blocks to mine in 2035, thirteen years from today. According to some analysts, the price of the cryptocurrency asset will reach $100,000 in 2022, with room for further increase in the years to follow.

The “hal finney bitcoin and me” is a blog post from Satoshi Nakamoto. In the article, he talks about his transaction with Hal Finney.

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