Today in Bitcoin history: 13-year anniversary of transaction between Satoshi and Hal Finney

It’s
been
exactly
13
years
to
the
day
since
computer
scientist
Hal
Finney
became
the
recipient
of
the
first
transaction
on
the
Bitcoin
blockchain
from
creator
Satoshi
Nakamoto.

On
Jan.
12,
2009,
with
the
Bitcoin
(BTC)
white
paper
a
mere
three
months
old,
Satoshi

sent

Finney
10
BTC

worth
next
to
nothing
at
the
time,
but
now
roughly
$440,000.
The
move,
likely
a
test
to
determine
the
viability
of
the
blockchain,
was
the
first
in
a
series
of
hundreds
of
millions
of
transactions
in
Bitcoin
between
millions
of
people
across
the
world.

“When
Satoshi
announced
the
first
release
of
the
software,
I
grabbed
it
right
away,”

said

Finney
in
a
2013
post
on
Bitcointalk.org.
“I
think
I
was
the
first
person
besides
Satoshi
to
run
Bitcoin.
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.
I
carried
on
an
email
conversation
with
Satoshi
over
the
next
few
days,
mostly
me
reporting
bugs
and
him
fixing
them.”

Finney
was
one
of
the
first
people
to

respond
to
Satoshi’s
post

on
the
cypherpunks
mailing
list,
with
many
in
the
space
still
believing
he
was
one
of
the
pseudonymous
individuals
behind
the
creation
of
Bitcoin.
Sadly,
the
legendary
crypto
pioneer
passed
away
from
amyotrophic
lateral
sclerosis

ALS,
also
known
as
Lou
Gehrig’s
disease 

in
2014.
He
would

have
been
65
years
old

in
2022.

At
the
time
the
first
BTC
was
sent,
there
wasn’t
even
a
cash
value
associated
with
the
crypto
asset,
whose
blockchain
has

accrued

more
than
701
million
transactions
as
of
Jan.
8.
One
of
the
most
famous
early
use
cases

exchanging
10,000

BTC
for
two
pizzas

in
2010

helped
pave
the
way
for
the
crypto
asset
to
eventually
be
accepted
in
many
bars,
restaurants
and
even
as
legal
tender
in
the
entire
country
of
El
Salvador.



Related:




Former
patrons
can’t
drown
sorrows
as
first-ever
bar
to
accept
Bitcoin
closes

Thirteen
years
ago,
Bitcoin
and
crypto
were
highly
experimental,
unproven
and
largely
unknown.
Today,
regulators
across
the
world
discuss
how
to
handle
the
integration
of
central
bank
digital
currencies,
stablecoins
and
digital
assets
into
their
financial
systems.

In
2035,
thirteen
years
from
now,
the
BTC
blockchain
will
likely
still
have
plenty
of
blocks
to
mine.
Some
experts
are

predicting
the
price
of
the
crypto
asset

will
hit
$100,000
in
2022,
with
the
potential
for
even
more
growth
n
the
years
to
come.

read original article here