The History of Bitcoin The Motley Fool

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Today I Learned (TIL)

You learn something new every day; what did you learn today? Submit interesting and specific facts about something that you just found out here.
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RIP to the first bitcoin transaction recipient, and full node operator (6 Years today)

RIP to the first bitcoin transaction recipient, and full node operator (6 Years today) submitted by coinsmash1 to Bitcoin [link] [comments]

With the first bitcoin transaction to and from space, I wonder, what's a niche milestone we've yet to acchieve?

submitted by mekilroy to Bitcoin [link] [comments]

RIP to the first bitcoin transaction recipient, and full node operator (6 Years today) (x-post from /r/Bitcoin)

RIP to the first bitcoin transaction recipient, and full node operator (6 Years today) (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Happy Bitcoin pizza day to all crypto community. Its 10th anniversary today when first bitcoin transaction officially registered

Happy Bitcoin pizza day to all crypto community. Its 10th anniversary today when first bitcoin transaction officially registered submitted by eventica to CryptoNews [link] [comments]

Happy Bitcoin pizza day to all crypto community. Its10th anniversary today when first bitcoin transaction officially registered

submitted by eventica to Crypto_Currency_News [link] [comments]

COCOS Pizza Day Campaign: Celebrating the 10,000 BTC Pizzas and the First Bitcoin Transaction

COCOS Pizza Day Campaign: Celebrating the 10,000 BTC Pizzas and the First Bitcoin Transaction submitted by cocos-bcx to cocosbcx [link] [comments]

Happy Bitcoin Pizza Day: 10 years anniversary of the first Bitcoin transaction - AZCoin News

Happy Bitcoin Pizza Day: 10 years anniversary of the first Bitcoin transaction - AZCoin News submitted by Great-Spoon to Cryptocurrency_Daily [link] [comments]

I'm back on the hunt for my first Bitcoin transaction.

submitted by bitcoinGPT2Bot to SubSimulatorGPT2 [link] [comments]

The first Bitcoin transaction

The first Bitcoin transaction submitted by bagirka to BTCMEX_Global [link] [comments]

The story of Hal Finney, an extraordinary cryptographic activist (main contributor to PGP), and his idea of “Reusable Proofs Of Work”. He was also one of the first Bitcoin users (downloading Bitcoin on the day it was released), receiving the first Bitcoin transaction ever from Satoshi him/herself!

https://medium.com/blockwhat/04-use-me-baby-one-more-time-d0dd599c8357
submitted by TillAntonio to Bitcoin [link] [comments]

10 Years Since The First Bitcoin Transaction: 5050 BTC For $5

10 Years Since The First Bitcoin Transaction: 5050 BTC For $5 submitted by Gr33nHatt3R to Bitcoin [link] [comments]

9 years ago today Hal Finney tweeted "running bitcoin". Hal also received the first Bitcoin transaction from Satoshi.

9 years ago today Hal Finney tweeted submitted by BroccoliCoin to btc [link] [comments]

Hal Finney - The history of the first Bitcoin transaction recipient

January 12th 2019 marks the tenth anniversary of the first ever transaction made with the use of Bitcoin. The sender of the then brand-new cryptocurrency was its illusive creator - Satoshi Nakamoto, whose true identity is unknown to this day. But for today’s article, we would like to focus on the recipient of that historical transaction - Hal Finney.
Who was Hal Finney?
It was not a coincidence that Hal Finney was the first Bitcoin user after its very creator. Where Satoshi Nakamoto is the father of Bitcoin, Finney can be considered its godfather. Born in 1956 as Harold Thomas Finney II, he obtained a bachelor's degree in engineering from California Institute of Technology in 1979. At the beginning of his career, he was involved in the video-game industry. Later on, he started working for a company called PGP (Pretty Good Privacy).
As a cryptology enthusiast, a Cypherpunk activist, as well as a developer working for a cyber-security company, Finney was concerned about the loss of privacy caused by the advancements in computerisation.
Hal Finney’s involvement in the Bitcoin project
When Satoshi Nakamoto published his ideas regarding cryptocurrency in 2008, Finney quickly became involved in the project, considering it to be one of the potential solutions for the centralisation of private data. Seeing that he himself had developed the first reusable proof of work (RPOW) system back in 2004, his technical expertise was certainly invaluable. In fact, he was one of the people who helped debug the early Bitcoin crash logs.
His participation in the project didn’t end after he had become the first Bitcoin recipient. He continued to help with Bitcoin’s development and was a fierce propagator of cryptocurrencies, working to popularise the concept - and Bitcoin itself.
Was Hal Finney Satoshi Nakamoto?
Many cryptocurrency enthusiasts theorise that Finney could have been the real person behind the “Satoshi Nakamoto” pseudonym. There are both arguments for and against this hypothesis.
It is true that Finney was the very first user of Bitcoin after Nakamoto and was involved in the project from the very beginning. If he was Nakamoto, he could have sent the first transaction to himself (using a different e-mail address) to test if it worked before involving others.
On the other hand, Nakamoto and Finney e-mailed each other on a regular basis, and their writing style was different from one another. It is not impossible to emulate a different writing style - but why would Finney e-mail himself in the first place?
When asked about it, Finney fiercely denied that he was Satoshi Nakamoto. Whether he was telling the truth, and whether he knows the real identity of the person (or persons) behind that name continues to be a mystery that might never be solved.
Health problems and death
Hal Finney was diagnosed with amyotrophic lateral sclerosis in 2009. He retired from work in 2011, but continued to code - working on software that would strengthen the security of Bitcoin wallets - even as the illness rendered him essentially paralysed. He continued to have a positive outlook on life, which can be seen throughout his autobiography - “Bitcoin and Me” - written in 2013.
Unfortunately, during his last year of life, he and his family became victims of blackmail, with the extortionists demanding a payment of 1000 BTC. The Finneys were also harassed in other manner, such as swatting (causing a large police force to appear at their door after a hoax emergency report).
Hal Finney died on August 28th 2014. However, it is possible that this is not the end of his story. In keeping with his futuristic outlook and enthusiasm for technological advancement, he requested his body to be cryopreserved by Alcor Life Extension Foundation after his death. Perhaps developments in the medical sciences will allow him to be restored to life and health in the future?

Source: https://base.darbfinance.com/news/who-was-hal-finney-history-of-the-first-bitcoin-transaction-recipient
submitted by Barizu to DarbFinance [link] [comments]

Fascinating article by the Washington Post from early 2014 about Hal Finney, the prolific cyptography Activist who received the first Bitcoin transaction ever, directly from Satoshi! (I highly recommend you to read the comments underneath the article as well, in retrospective they’re hilarious 🎉)

https://www.washingtonpost.com/news/the-switch/wp/2014/01/03/hal-finney-received-the-first-bitcoin-transaction-heres-how-he-describes-it/?utm_term=.d55e5e73b460&noredirect=on
submitted by TillAntonio to Bitcoin [link] [comments]

Hal Finney, the recipient of the first Bitcoin transaction ever (directly from Satoshi), came up with an actual working cryptocurrency based on “Reusable Proofs of Work” in 2004. Fascinating stuff!

Hal Finney, the recipient of the first Bitcoin transaction ever (directly from Satoshi), came up with an actual working cryptocurrency based on “Reusable Proofs of Work” in 2004. Fascinating stuff! submitted by TillAntonio to Bitcoin [link] [comments]

First Bitcoin transaction at Hop21

First Bitcoin transaction at Hop21
So excited to process our first ever Bitcoin transaction at Hop21 Ping Pong Bar in Minneapolis! The future is Now!
https://preview.redd.it/84hzq890rbs21.jpg?width=960&format=pjpg&auto=webp&s=798ef957eaf46929d9b723e69565624d578afe05
submitted by maxhop21 to Bitcoin [link] [comments]

I 18 [M] made my first bitcoin transaction to rent dive gear in Tulum, Mexico over spring break last week. Great success! *borat voice*

I 18 [M] made my first bitcoin transaction to rent dive gear in Tulum, Mexico over spring break last week. Great success! *borat voice* submitted by dbranch789 to Bitcoin [link] [comments]

Remember the first bitcoin transaction? 2 Pizzas for 10,000 btc. Someone should have told them Bitcoin was not meant for that.

submitted by ToAlphaCentauriGuy to btc [link] [comments]

Made my first bitcoin transaction!

My girlfriend and I went on a double date with her friend and new boyfriend out for dinner. Over dinner I sent both of them 0.001 bitcoins to get them started and they both seemed excited.
Afterwards we went to the Enchanted Christmas light show in Fort Worth, Texas. While we were strolling along I spotted a sign saying "bitcoin accepted here" at a small jewelry and jem seller.
Talked to the owner and he said no one had paid in bitcoins yet and I haven't paid for anything in bitcoins, so we were each other's first! He had a few questions about bitcoin so I answered to the best I could and told him about the Reddit page
Found a little $10 heart shaped rose quartz and opened up Mycelium to send the trade. Within 10 seconds the funds were moved!
Edit: so I misunderstood how the transaction worked. My wallet showed funds being removed from my account even though there were no confirmations and the seller showed to have revived the $10. On my end, I chose to do a moderately fast transfer with a high fee because I thought I'd have to wait around until he got the funds.
submitted by khaotickk to Bitcoin [link] [comments]

Remembering The Life Of Hal Finney, Early Bitcoin User Who Received The First Bitcoin Transaction From Satoshi Nakamoto

Remembering The Life Of Hal Finney, Early Bitcoin User Who Received The First Bitcoin Transaction From Satoshi Nakamoto submitted by theweb1 to Bitcoin [link] [comments]

Bitcoin is live in Cuba! First Bitcoin transaction on the island.

Bitcoin is live in Cuba! First Bitcoin transaction on the island. submitted by bitcoincuba to Bitcoin [link] [comments]

Today Marks The 10th Anniversary Of The First Bitcoin Transaction

Today Marks The 10th Anniversary Of The First Bitcoin Transaction submitted by CCNewsBot to CryptoCurrency [link] [comments]

First Bitcoin ATM in Belarus Chicago's First Bitcoin ATM First Bitcoin transaction First Bitcoin Transaction over Pneumatic Delivery 'Seidenstrasse' #31c3 How to Code a Bitcoin Transaction - Intro to Script

Ten years ago, the first transaction involving bitcoin took place marking a new era for the global monetary system. The transaction took place between the pseudonymous creator (or creators) behind ... The first thing you need to do in order to send out Bitcoin, is to have access to a wallet that can hold your assets. For smartphone users, you can search “Bitcoin.com Wallet” in the Google ... The first BTC transaction First Bitcoin to Fiat Sale . The first known sale of BTC in exchange for fiat occurred on Oct. 12 2009 when Finnish developer Martti Malmi sold 5,050 BTC for $5.02, ... SpaceChain Claims to Sign the First Multi-Signature Bitcoin Transaction in Space. Posted on by Toshendra Kumar Sharma. In this article, we will talk about SpaceChain’s remarkable step in outer space and focus on how blockchain technology in space is a good fit. We will also cover SpaceChain’s journey so far. January 12th is a historic day in the Bitcoin history books. On this day in 2009, Satoshi Nakamoto sent the first ever non-mined Bitcoin transaction over the network to Hal Finney.

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First Bitcoin ATM in Belarus

ALBANY, N.Y. -- The owner of New York's first Bitcoin ATM says he hopes it will give the online currency a little more credibility. Created in 2009 by an anonymous source, Bitcoin is a digital ... In this video I go through the process of setting up the Trezor for the first time and sending my first Bitcoins to and from the hardware wallet. In this vid... Experiment done on 31c3 December 2014 by the Bitcoin Assembly Bitcoin Address Official Snowden Defense Fund: 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa https://www.fr... An hour after Belorussian government announced Decree on Cryptocurrency, ChainBytes Bitcoin ATM facilitated first Bitcoin transaction utilizing Belorussian ruble. First ATM is brought to Belarus ... 2009-01-03 - first bitcoin BTC transaction (4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b). Block Reward = 50 BTC (newly generated coins). The ...

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