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12 Years Ago Satoshi Nakamoto Made First Bitcoin Transaction and Sent 10 Bitcoin to Hal Finney

The first-ever receiver of Bitcoin was Hal Finney. So today is the 12th anniversary of the Bitcoin’s first transaction from person to person.


Hal Finney is a computer scientist who was there at the receiving end, he got 10 Bitcoin from Satoshi Nakamoto, who is the system's hidden inventor.


Satoshi Nakamoto

So it was proved that Bitcoin indeed worked in reality and set the basis for its future growth. Hal received Bitcoin one week later when Nakamoto began running the Bitcoin network on their computing setup.


Aside from getting done the first Bitcoin transaction, Finney, recognised for his work in advanced cryptography systems before dying to a rare disease in 2014, was also the second person to manage Bitcoin. Some people even think that he was Nakamoto—this theory still does the rounds today.


Finney wrote in a Bitcointalk forum in 2009:

“I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satoshi sent ten coins to me as a test.”

The value was worth next to zero at the time, but at today’s market values its worth more than $353,000.


Finney was one of the first people to put out a value prognosis on Bitcoin. He concluded in a mail (which was first lost but later recovered) to Nakamoto in 2009 that extrapolated the total global household wealth—supposing it to be between $100-300 trillion—with Bitcoin’s 21 million supply: Giving each coin worth of $10 million.


And as if those firsts weren’t sufficient, Finney also carries the distinction of making the first-ever tweet pointing to Bitcoin. It just told, “running bitcoin,” and twelve years on, the system still working powerfully.


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