{"id":20233,"date":"2025-01-12T09:56:04","date_gmt":"2025-01-12T07:56:04","guid":{"rendered":"https:\/\/forklog.com\/en\/sixteen-years-since-the-first-bitcoin-transaction\/"},"modified":"2025-01-12T09:56:04","modified_gmt":"2025-01-12T07:56:04","slug":"sixteen-years-since-the-first-bitcoin-transaction","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sixteen-years-since-the-first-bitcoin-transaction\/","title":{"rendered":"Sixteen years since the first bitcoin transaction"},"content":{"rendered":"<p>Sixteen years ago, on January 12, 2009, the creator of the first cryptocurrency, using the pseudonym Satoshi Nakamoto, sent developer Hal Finney the network\u2019s first transaction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">HISTORY: 16 years ago today, Satoshi Nakamoto sent the 1st <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> transaction ever made \u2728<\/p>\n<p>And the world was forever changed ? <a href=\"https:\/\/t.co\/wkaCoAUKh0\">pic.twitter.com\/wkaCoAUKh0<\/a><\/p>\n<p>\u2014 The Bitcoin Historian (@pete_rizzo_) <a href=\"https:\/\/twitter.com\/pete_rizzo_\/status\/1878153774880928140?ref_src=twsrc%5Etfw\">January 11, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Finney was among the first to predict the future price of the digital gold. Taking global household wealth at $100\u2013300 trillion as a guide, he forecast that 1 BTC would ultimately be worth about $10 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI think I was the first person, besides Satoshi, to run the [node] of Bitcoin. [\u2026] I became the recipient of the first transaction, when Satoshi sent me ten coins as a test,\u201d \u2014 <a href=\"https:\/\/bitcointalk.org\/index.php?topic=155054.0\">wrote<\/a> the programmer on the Bitcointalk forum at the time.<\/p>\n<\/blockquote>\n<p>In the first transaction, Satoshi sent ten coins as a test. Over the next few days, Finney exchanged emails with bitcoin\u2019s creator, helping to fix bugs.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1a058148b855e669c68fa9e3a4ea5ce2-full-1.webp\" alt=\"1a058148b855e669c68fa9e3a4ea5ce2-full-1\" class=\"wp-image-249368\"\/><figcaption class=\"wp-element-caption\">Details of the first bitcoin transaction. Data:\u00a0<a href=\"https:\/\/www.blockchain.com\/btc\/block\/170\">Blockchain<\/a>.<\/figcaption><\/figure>\n<p>Hal Finney played a pivotal role in the history of the digital gold, and, by one account, was its creator. Yet, by his own account, Satoshi\u2019s identity was a mystery to him. He assumed he was dealing with \u201ca young man of Japanese origin, very smart and sincere\u201d.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAfter a few days, bitcoin was running fairly stably, so I stayed on the network. Those were the days when difficulty was 1, and you could mine on a CPU. Over the next days I mined several blocks, but I turned off the computer because it was heating up and the fan noise annoyed me,\u201d \u2014 Finney recalled.<\/p>\n<\/blockquote>\n<p>Finney returned to the first cryptocurrency in 2010, when Laszlo Hanyecz bought two pizzas for 10,000 BTC.\u00a0<\/p>\n<p>On October 9, 2024, the film <a href=\"https:\/\/forklog.com\/en\/news\/peter-todd-refutes-hbos-claim-of-being-bitcoins-creator\">was released<\/a>, Money Electric: The Bitcoin Mystery, directed by Cullen Hoback, which posits a presumed identity for Satoshi. According to the authors, the true creator of bitcoin is Canadian programmer Peter Todd. However, the developer has <a href=\"https:\/\/forklog.com\/en\/news\/peter-todd-denies-being-bitcoins-creator-amidst-hbo-documentary-claims\">repeatedly denied<\/a> the claim.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixteen years ago, on January 12, 2009, the creator of the first cryptocurrency, using the pseudonym Satoshi Nakamoto, sent developer Hal Finney the network\u2019s first transaction. HISTORY: 16 years ago today, Satoshi Nakamoto sent the 1st #Bitcoin transaction ever made \u2728 And the world was forever changed ? pic.twitter.com\/wkaCoAUKh0 \u2014 The Bitcoin Historian (@pete_rizzo_) January [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,376],"class_list":["post-20233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-hal-finney"],"aioseo_notices":[],"amp_enabled":true,"views":"103","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20233"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20232"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}