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January 26, 2021
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Bitcoin

The first Bitcoin transaction was sent to Hal Finney 12 years ago

Hal Finney was the first to receive Bitcoin – a historic event that proved that the network actually worked.

Today marks the twelfth anniversary of the first Bitcoin transaction sent from one person to another. At the receiving end was computer scientist Hal Finney, who obtained the 10 Bitcoins from Satoshi Nakamoto, the mysterious pseudonym creator of the network.

THE transaction on the now historic date it proved that Bitcoin – as a money network – actually worked in reality and laid the foundation for its future growth. This happened a week after Nakamoto started running the Bitcoin network on his computer system.

In addition to receiving the first Bitcoin transaction, Finney, known for his work on advanced cryptography systems before succumbing to a rare disease in 2014, was also the second person to manage Bitcoin. Some even conspire that he was Nakamoto – a theory that still circulates today.

“I took out block 70 and was the recipient of the first bitcoin transaction when Satoshi sent me ten coins as a test,” Finney wrote in a post at the forum Bitcointalk in 2009. The amount was worth almost nothing at the time, but at current market prices, it is worth over $ 353,000.

Finney was also one of the first individuals to forecast Bitcoin’s price. He estimated in a correspondence (which was initially lost, but later recovered) to Nakamoto in 2009 that extrapolated the world’s total family wealth – between $ 100-300 trillion – with the supply of 21 million Bitcoin: Giving every currency a value of $ 10 million.

And as if those first were not enough, Finney also has the distinction of making the first tweet referring to Bitcoin. It just said “Running bitcoin”And, twelve years later, the network was still strong.

Source: Decrypt

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