The first Bitcoin transaction is celebrating its anniversary

The ten Bitcoin cryptography expert Hal Finney received from Satoshi Nakamoto on January 12, 2009 would be worth $ 420,000 today. In the early days of cryptocurrency, you couldn’t have bought anything with it. Because until Bitcoin got a price, another 16 months should pass by. It was only when Laszlo Hanyecz paid for two pizzas with 10,000 BTC that one could speak of something like a market value.

But one after the other. The anniversary of the first Bitcoin transaction, which will be its 13th anniversary today, January 12th, is a no less relevant piece of contemporary history for digital gold than Bitcoin Pizza Day. After all, Satoshi was the only “network” participant to date. And what good is a peer-to-peer cryptocurrency without peers?

Since block 170 there have been two. The contemporary document of the transaction has since been carved into the digital stone, so that everyone can see it. If you enter the transaction hash (f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16) into one of the standard block explorers, you can get an idea for yourself. The whole thing looks something like this:

The “receipt” of the first Bitcoin transaction

To explain: UTXOs are only split up when necessary. Since Satoshi was the only miner to logically only have UTXOs in the amount of the then block reward of 50 BTC, the outgoing transaction was divided into a tranche of 10 BTC and the “change” of 40 BTC.

Of the 10 Bitcoins that are worth almost half a million USD today, there isn’t much left. Already on November 16, 2010 Finney issued the 10 BTC again – to an unknown recipient. Today there are only 0.00002BTC on Finney’s address (1Q2TWHE3GMdB6BZKafqwxXtWAWgFt5Jvm3).

Hal Finney: A hot Satoshi candidate

The importance of Hal Finney, an IT specialist who worked for the PGP Corporation, among others, for Bitcoin, cannot be overestimated. Finney was the first person after Satoshi to download Bitcoin Core and thus run the second node at all. His tweet about it is legendary to this day.

His commitment in the early days and the fact that he was a direct neighbor of Dorian Nakamoto also make him a hot Satoshi candidate.

In any case, he would have brought the necessary know-how as a cryptography expert and “cypherpunk” with him. However, he himself will not be able to explain whether he was actually Satoshi Nakamoto, because Hal Finney died in 2014 of complications from an ALS disease.

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The first Bitcoin transaction is celebrating its anniversary