Sunday, January 10, 2021

First Bitcoin Transaction 10 BTC

 

January 12, 2009 

Satoshi Nakamoto sent 10 BTC to Hal Finney, it was the first Bitcoin transaction and the start of a usable technological revolution that would change many economic concepts.
The transaction was recorded in the blockchain forever and can be consulted here for verification

Hal Finney in this Bitcointalk forum post, Hal, Bitcoin and me, (Hal Finney)  explains his problem with ALS disease.

Career:

After graduation from Caltech, he went to work in the computer gaming field for a company that developed video games such as Adventures of Tron, Armor Ambush, Astrosmash and Space Attack.

He later went to work for the PGP Corporation with whom he remained until his retirement in 2011.

 

Finney was a noted cryptographic activist. During the early 1990s, in addition to being a regular poster on the cypherpunks listserv, Finney ran two anonymous remailers. Further cryptographic activism included running a (successful) contest to break the export-grade encryption Netscape used.

In 2004, Finney created the first reusable proof of work system before bitcoin. In January 2009, Finney was the Bitcoin network's first transaction recipient.

Harold Thomas Finney

Finney died in Phoenix, Arizona, on August 28, 2014, as a result of complications of ALS and was cryopreserved by the Alcor Life Extension Foundation.


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