Hal Finney

From MarketsWiki
Jump to navigation Jump to search


ADMIS-logo-200px.jpg


Hal Finney
Hal Finney.jpeg
Occupation Programmer (deceased)
Location Los Angeles, U.S.
Website Hal Finney's personal website

Hal Finney received the first bitcoin transaction.[1]

He died in 2014 of amyotrophic lateral sclerosis (ALS).

Background[edit]

Finney was a programmer on PGP 2.0 and worked for PGP Corporation until it was acquired by Symantec in 2010.[2] PGP, which stands for Pretty Good Privacy, was a popular, freely available cryptography tool developed in the 1990s for use in email and other applications.[3]

Reusable Proof of Work[edit]

In 2004, Finney published to the Cypherpunks group an invitation to try his new digital currency (Reusable Proof Of Work tokens, or "RPOWs") at rpow.net. Based on advances in cryptography at the time, RPOWs were an improvement on current attempts because the spending of an RPOW automatically created a new unique RPOW and destroyed the old one, preventing double use of a token. The Cypherpunks were a group of cryptography developers who in the 1990s began to conceptualize virtual currencies whose value would not be dependent on any organization or government.[4]

Bitcoin[edit]

Finney was an early advocate of bitcoin and he reportedly received the first transmission of a bitcoin from Satoshi Nakamoto. In 2014, Newsweek Magazine discovered that a programmer named Dorian Satoshi Nakamoto was residing in Temple City, California, and posited that he was the true inventor of bitcoin. When this hypothesis was demonstrated to have a low probability of being true it was noted that Temple City is where Hal Finney also resided. Many observers believed that this could not be a coincidence and that Finney had used Nakamoto as a psuedonym. Finney denied being the true Satoshi Nakamoto.[5]

Education[edit]

Finney received a BS in Engineering from the California Institute of Technology in 1979.[6]

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JohnLothian: RT @crypto: A woman who allegedly laundered huge amounts of Bitcoin for a $6 billion investment fraud in China was manipulated by a “super…
A woman who allegedly laundered huge amounts of Bitcoin for a $6 billion investment fraud in China was manipulated by a “super villain," say her lawyers at her UK trial https://t.co/oxRgnL...

View Page

@JohnLothian: RT @economics: Europe has so much excess gas that the idea of storing it in Ukraine is becoming attractive to avoid a price crash https://t…
Europe has so much excess gas that the idea of storing it in Ukraine is becoming attractive to avoid a price crash https://t.co/7C7rZIBOZ9— Bloomberg Economics (@economics) March 1, 2024

View Page

@JohnLothian: RT @CoinDesk: The U.S. Securities and Exchange Commission is treading into state jurisdictions with its Kraken lawsuit, eight state attorne…
The U.S. Securities and Exchange Commission is treading into state jurisdictions with its Kraken lawsuit, eight state attorneys general said Thursday.@nikhileshde reports https://t.co/kpNE3UtZ...

View Page

@JohnLothian: RT @crypto: Three years since speculative fever engulfed the US investment landscape, thrill seeking is back in vogue — even before the Fed…
Three years since speculative fever engulfed the US investment landscape, thrill seeking is back in vogue — even before the Fed takes its foot off the monetary brake https://t.co/IE1i8T36iC— Bl...

View Page

@JohnLothian: RT @business: Russia activates its so-called oil price floor mechanism for the first time to protect government revenue from sanctions http…
Russia activates its so-called oil price floor mechanism for the first time to protect government revenue from sanctions https://t.co/ci97ZVvvaD— Bloomberg (@business) March 1, 2024

View Page

@JohnLothian: Intercontinental (ICE) Shares Rise 8% YTD: More Room to Grow? via @YahooFinance
Intercontinental (ICE) Shares Rise 8% YTD: More Room to Grow? https://t.co/Bb3jN5eL17 via @YahooFinance— John Lothian (@JohnLothian) March 2, 2024

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.