Bitcoin P2P e-cash paper
Hal Finney responds positively to Bitcoin, becoming one of the first supporters. He raises questions about the computational cost and suggests potential improvements.
Caltech engineering graduate, one of the principal developers of PGP 2.0, Extropian, cryonics advocate, creator of Reusable Proof-of-Work (RPOW), first person other than Satoshi to run Bitcoin, and recipient of the first Bitcoin transaction. Diagnosed with ALS in August 2009, he continued contributing to Bitcoin from a wheelchair. Cryopreserved by Alcor as patient A-1436.
Harold Thomas Finney II was born on May 4, 1956, in Coalinga, California, and grew up in Arcadia, California. He graduated as valedictorian from Arcadia High School in 1974 and earned a Bachelor of Science in Engineering from the California Institute of Technology (Caltech) in 1979.
Cryptography and PGP: In 1991, Finney began volunteering for Phil Zimmermann’s Pretty Good Privacy (PGP) project, writing code for free. He became one of the principal developers of PGP 2.0. When Zimmermann founded PGP Inc. in 1996, Finney was hired as one of the first employees (the company later became part of Symantec through acquisitions).
Extropianism and Cryonics: Finney was an active participant in the Extropy Institute’s discussions on cryonics, life extension, space colonization, nanotechnology, and artificial intelligence. He became interested in cryonics during his freshman year at Caltech. On October 15, 1992, he and his wife Fran signed their Alcor cryonics membership paperwork in Riverside, California. He remained an Alcor member for over 20 years.
Reusable Proof-of-Work: In 2004, Finney created the first Reusable Proof-of-Work (RPOW) system — a precursor concept to Bitcoin’s proof-of-work mechanism. He was deeply engaged with the cypherpunk movement’s goal of creating digital cash.
Bitcoin: On January 9, 2009, Finney downloaded Bitcoin v0.1 on its release day and became the first person other than Satoshi Nakamoto to run a Bitcoin node. He began mining around Block 70. On January 11, 2009, he tweeted “Running bitcoin” — the first public mention of running the software. On January 12, 2009, he received 10 BTC from Satoshi in Block 170 — the first person-to-person Bitcoin transaction in history.
ALS and Final Years: In August 2009, Finney was diagnosed with amyotrophic lateral sclerosis (ALS). Despite progressive paralysis, he continued writing code for Bitcoin — eventually using eye-tracking software to communicate and program. He retired from PGP Corporation (Symantec) in early 2011. On March 19, 2013, he published “Bitcoin and Me” on BitcoinTalk, describing his experience as Bitcoin’s first user.
Hal Finney died on August 28, 2014, at 8:50 AM in Scottsdale, Arizona. He was cryopreserved by Alcor Life Extension Foundation as their 128th patient (member A-1436). He is survived by his wife Fran, son Jason, and daughter Erin.
15 entries
Hal Finney responds positively to Bitcoin, becoming one of the first supporters. He raises questions about the computational cost and suggests potential improvements.
Hal Finney congratulates Satoshi on the first alpha release and performs his famous thought experiment: if Bitcoin becomes the world's dominant payment system, each coin would be worth approximately $10 million — making early mining 'quite a good bet, with a payoff of something like 100 million to 1.'
The first known tweet about Bitcoin. Hal Finney posted 'Running bitcoin' on January 10, 2009 (PST) / January 11, 2009 (UTC), the same day the Bitcoin v0.1 software was publicly released. He was the first person other than Satoshi to run Bitcoin.
Hal Finney's famous tweet 'Running bitcoin' - marking him as the first known person besides Satoshi to run the Bitcoin software. The next day, he received the first Bitcoin transaction from Satoshi.
The first person-to-person Bitcoin transaction in history. Satoshi Nakamoto sent 10 BTC to Hal Finney in Block 170, confirming that Bitcoin's peer-to-peer electronic cash system worked as designed.
Hal Finney's essay on LessWrong, written approximately two months after his ALS diagnosis in August 2009. Despite facing a terminal illness, Finney expressed hope and determination, dreaming of contributing to open-source software even from within an immobile body.
Nick Szabo discusses why Bitcoin took so long to be invented, the similarities and differences between bit gold and Bitcoin, and why 'nearly everybody who heard the general idea thought it was a very bad idea.'
Hal Finney's famous retrospective on his early involvement with Bitcoin, his interactions with Satoshi, and his battle with ALS. One of the most celebrated posts in Bitcoin history.
Hal Finney, the first person besides Satoshi to run Bitcoin and the recipient of the first Bitcoin transaction, passes away from ALS at the age of 58.
Ray Dillinger's retrospective on his role in Bitcoin's earliest days: reviewing the blockchain code, his division of labor with Hal Finney, and his reflections on Satoshi's integrity — 'He wasn't selling coins, he was giving them away for solving hashes.'
Comprehensive interview with Ray Dillinger by Tim Swanson, marking the 10th anniversary of the Bitcoin whitepaper. Dillinger reveals technical details of his code review, including the famous floating-point discovery and Satoshi's reasoning for using double-precision floats.
Cryonics Magazine published an extensive profile of Hal Finney based on interviews with his wife Fran Finney. The profile covered their meeting at Caltech, Hal's career at PGP Corporation, his excitement about Bitcoin's launch, his ALS diagnosis, and his cryopreservation by Alcor.
Hal Finney's RPOW system, a 2004 prototype for reusable proof-of-work tokens, gains posthumous recognition as one of Bitcoin's most important direct precursors.
CoinDesk published previously unpublished emails between Satoshi Nakamoto and Hal Finney, obtained from Hal's personal computer via his widow Fran Finney. The emails included Finney asking Satoshi about network scalability in November 2008, Satoshi personally notifying Finney of the v0.1 release on January 8, 2009, and a follow-up where Satoshi mentioned being unable to receive incoming connections.
SerHack published an analysis of a pre-release Bitcoin genesis block dated September 10, 2008 — discovered in source code Satoshi shared privately in November 2008. The test block had a completely different hash, trivially easy difficulty, and an initial block reward of 10,000 units. The September 10 date coincides with Lehman Brothers announcing $3.9 billion in losses.