HalFinney
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Bitcoin pioneer Hal Finney can't be Satoshi Nakamoto, new analysis suggests. This is a major blow to the "Finney is Satoshi" theory, which was one of the most popular explanations for Bitcoin's mysterious creator. đ”ïžââïžâ
The new analysis, published by Bitcoin expert Jameson Lopp, presents compelling evidence that Finney was not Satoshi. This includes the fact that Finney was emailing back and forth with Satoshi during a time when he was competing in a 10-mile race.
So, who is Satoshi Nakamoto? We still don't know. But the mystery continues to deepen. đ”ïžââïžđ”ïžââïž
#BTC #SatoshiNakamoto #HalFinney #crypto2023 #cryptocurrency
The new analysis, published by Bitcoin expert Jameson Lopp, presents compelling evidence that Finney was not Satoshi. This includes the fact that Finney was emailing back and forth with Satoshi during a time when he was competing in a 10-mile race.
So, who is Satoshi Nakamoto? We still don't know. But the mystery continues to deepen. đ”ïžââïžđ”ïžââïž
#BTC #SatoshiNakamoto #HalFinney #crypto2023 #cryptocurrency
đ 13 years ago, Bitcoin made history by soaring to $1 for the first time on the Mt.Gox exchange!
Back on June 2, 2011, BTC skyrocketed to $10, and within a week, it surged to an astonishing $31.
However, the euphoria was short-lived as, on June 19, 2011, following the infamous Mt.Gox hack, Bitcoin plummeted to just a few cents in a matter of minutes. đ
The legendary Hal Finney once envisioned:
"Bitcoin has the potential to become the dominant currency around the world.
If this happens, 1 BTC could cost $10 million."
A visionary statement that continues to echo through the corridors of the crypto world, igniting hope and ambition among enthusiasts. đđ°
#BTC #Bitcoin #HalFinney #Write2Earn #TrendingTopic $BTC $ETH $SOL
Back on June 2, 2011, BTC skyrocketed to $10, and within a week, it surged to an astonishing $31.
However, the euphoria was short-lived as, on June 19, 2011, following the infamous Mt.Gox hack, Bitcoin plummeted to just a few cents in a matter of minutes. đ
The legendary Hal Finney once envisioned:
"Bitcoin has the potential to become the dominant currency around the world.
If this happens, 1 BTC could cost $10 million."
A visionary statement that continues to echo through the corridors of the crypto world, igniting hope and ambition among enthusiasts. đđ°
#BTC #Bitcoin #HalFinney #Write2Earn #TrendingTopic $BTC $ETH $SOL
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đ”ïžââïž Tracking #SatoshiNakamoto đïž
Of the possible identities of Satoshi Nakamoto, it can be said that #HalFinney is one of the favorites of the crypto community. However, some elements draw attention.
He studied at the California Institute of Technology and graduated with a degree in engineering in 1979. He then quickly embarked on the path of video games before moving into software development.
In 2004, it gave birth to the first Proof-of-Work system, which would later become the famous consensus mechanism used by various cryptocurrencies.
In 2009, you will be one of the first people to receive #Bitcoin đ€
Of the possible identities of Satoshi Nakamoto, it can be said that #HalFinney is one of the favorites of the crypto community. However, some elements draw attention.
He studied at the California Institute of Technology and graduated with a degree in engineering in 1979. He then quickly embarked on the path of video games before moving into software development.
In 2004, it gave birth to the first Proof-of-Work system, which would later become the famous consensus mechanism used by various cryptocurrencies.
In 2009, you will be one of the first people to receive #Bitcoin đ€
Link post of Bitcoin Halving. Congrats to all #Bitcoin Lovers,
For 15th #BitcoinAnniversary đ
15 years ago, on this day, January 3, 2009, #SatoshiNakamoto started mining $BTC and mined the first Genesis block of Bitcoin.
At that time, 50 $BTC could be mined from one block after that it was reduced after every 4 years of Bitcoin #Halving , that's after about four months, between April 25 and May 10, 2024, the 4th Halving of Bitcoin will take place, then only 3.125 $BTC will be received from one block, which currently Miner's get 6.25 BTC/block!
Satoshi Nakamoto started mining of Bitcoin from 3rd January 2009 and kept the initial 1.1 Million of Bitcoins with him in about 20,000 different wallet addresses and a week later, he proved to everyone by sending 10 BTC to #HalFinney first in the Bitcoin forum. What is Bitcoin in reality and how will it work and then gradually Satoshi got disconnected from the Bitcoin forum and till date it remains a mystery in the world as to who Satoshi Nakamoto was after all..!
For more information about Bitcoin Halving, must visit below tagged post of Bitcoin Halvings...đđ
For 15th #BitcoinAnniversary đ
15 years ago, on this day, January 3, 2009, #SatoshiNakamoto started mining $BTC and mined the first Genesis block of Bitcoin.
At that time, 50 $BTC could be mined from one block after that it was reduced after every 4 years of Bitcoin #Halving , that's after about four months, between April 25 and May 10, 2024, the 4th Halving of Bitcoin will take place, then only 3.125 $BTC will be received from one block, which currently Miner's get 6.25 BTC/block!
Satoshi Nakamoto started mining of Bitcoin from 3rd January 2009 and kept the initial 1.1 Million of Bitcoins with him in about 20,000 different wallet addresses and a week later, he proved to everyone by sending 10 BTC to #HalFinney first in the Bitcoin forum. What is Bitcoin in reality and how will it work and then gradually Satoshi got disconnected from the Bitcoin forum and till date it remains a mystery in the world as to who Satoshi Nakamoto was after all..!
For more information about Bitcoin Halving, must visit below tagged post of Bitcoin Halvings...đđ
LIVEAskToRahulSingh
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What is BITCOIN HALVING?
What is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.
In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
Bitcoin Halving Time Clock
What is the Significance of the Bitcoin Block Halving?
The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower, making buying more expensive.
In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
In the image below, the vertical blue lines indicate the previous three halvings (2012-11-28, 2016-7-9 and 2020-5-11). Note how the price has jumped significantly after each halving.
Bitcoin Halving Schedule
The Bitcoin halving is scheduled in block height, not date.
The halving happens every 210,000 blocks. The 2024 halving will happen on block 840,000.
What Happens to Miners During Halvings?
Many always speculate that miners will shut down after the halving. The reality is most miners are very smart and price in the halving, so they don't end up shutting down any miners.
When is the 2024 Bitcoin Halving?
The 2024 halving will likely occur between April 2024 to May 2024. Bitcoin Halving is always depends on Blocks counting and as per that, dates are describes always for calculation purpose on average blocks mining per day.
BITCOIN HALVING DATES HISTORY
This section will take a look at the previous three halving with detailed data given below-
2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.
New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00
2016 Halving
The second halving occurred on July 9th, 2016.
New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81
2020 Halving
The third halving occurred on May 11, 2020.
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00
Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.
Bitcoin Halving Parties
Thousands of Bitcoiners across the world celebrated the 2016 halving. There were parties in major cities and countries like Melbourne, Australia, Montreal, Canada, NYC, USA, London, UK, Dublin, Paris and dozens of other cities.
When party events are posted, we'll keep track of them here!
When Will All 21 Million Bitcoins be Mined?
All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be mined by 2030.
Is the Halving Necessary?
The halving is necessary. This is how Bitcoin controls its supply. Once the block subsidy expires, transaction fees will pay miners for securing the network.
Why Our Estimates Are the Most Accurate
Most of the other halving date estimators use 10 minute blocks to calculate the estimated halving date.
Blocks, however, have been mined at less than 10 minute intervals for almost all of Bitcoin's history.
Bitcoin calculator uses live blockchain data to get the average block time for the past two months. It then uses this block time (currently 9.3666666666 minutes between blocks) to estimate the halving date.
Disclaimer Remarks-
While most of the other sites estimate the halving for late-May, the more likely outcome is an early-May reward halving.
#DYOR #feedfeverchallenge
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.
In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
Bitcoin Halving Time Clock
What is the Significance of the Bitcoin Block Halving?
The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower, making buying more expensive.
In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
In the image below, the vertical blue lines indicate the previous three halvings (2012-11-28, 2016-7-9 and 2020-5-11). Note how the price has jumped significantly after each halving.
Bitcoin Halving Schedule
The Bitcoin halving is scheduled in block height, not date.
The halving happens every 210,000 blocks. The 2024 halving will happen on block 840,000.
What Happens to Miners During Halvings?
Many always speculate that miners will shut down after the halving. The reality is most miners are very smart and price in the halving, so they don't end up shutting down any miners.
When is the 2024 Bitcoin Halving?
The 2024 halving will likely occur between April 2024 to May 2024. Bitcoin Halving is always depends on Blocks counting and as per that, dates are describes always for calculation purpose on average blocks mining per day.
BITCOIN HALVING DATES HISTORY
This section will take a look at the previous three halving with detailed data given below-
2012 Halving
The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.
New BTC Per Block Before: 50 BTC per block
New BTC Per Block After: 25 BTC per block
Price on Halving Day: $12.35
Price 150 Days Later: $127.00
2016 Halving
The second halving occurred on July 9th, 2016.
New BTC Per Block Before: 25 BTC per block
New BTC Per Block After: 12.5 BTC per block
Price on Halving Day: $650.63
Price 150 Days Later: $758.81
2020 Halving
The third halving occurred on May 11, 2020.
New BTC Per Block Before: 12.5 BTC per block
New BTC Per Block After: 6.25 BTC per block
Price on Halving Day: $8821.42
Price 150 Days Later: $10,943.00
Current Bitcoin Block Subsidy
The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000 is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.
Bitcoin Halving Parties
Thousands of Bitcoiners across the world celebrated the 2016 halving. There were parties in major cities and countries like Melbourne, Australia, Montreal, Canada, NYC, USA, London, UK, Dublin, Paris and dozens of other cities.
When party events are posted, we'll keep track of them here!
When Will All 21 Million Bitcoins be Mined?
All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be mined by 2030.
Is the Halving Necessary?
The halving is necessary. This is how Bitcoin controls its supply. Once the block subsidy expires, transaction fees will pay miners for securing the network.
Why Our Estimates Are the Most Accurate
Most of the other halving date estimators use 10 minute blocks to calculate the estimated halving date.
Blocks, however, have been mined at less than 10 minute intervals for almost all of Bitcoin's history.
Bitcoin calculator uses live blockchain data to get the average block time for the past two months. It then uses this block time (currently 9.3666666666 minutes between blocks) to estimate the halving date.
Disclaimer Remarks-
While most of the other sites estimate the halving for late-May, the more likely outcome is an early-May reward halving.
#DYOR #feedfeverchallenge
Hal Finney's Unlikely Role as Satoshi Nakamoto: New Analysis Debunks the Theory
Jameson Lopp, a co-founder of Bitcoin custody firm Casa, presents compelling evidence that challenges the long-standing speculation that the late Hal Finney was the mysterious creator of Bitcoin, Satoshi Nakamoto. Lopp's analysis sheds new light on the debate, bringing into question the theory that has persisted for years.
Race Against Time:
Lopp's key argument centers on Hal Finney's 10-mile race in Santa Barbara, California, on April 18, 2009. Finney started at 8 am Pacific time and finished in 78 minutes, which coincides with emails between Satoshi Nakamoto and Mike Hearn. Satoshi emailed Mike at 9:16 AM Pacific time, just two minutes before Hal finished the race, implying Hal wasn't using a computer during the race.
On-Chain Data:
Lopp uses on-chain data, including emails between Hearn and Nakamoto, to argue that Nakamoto sent 32.5 BTC in a transaction on block 11,408, at 8:55 am California time, 55 minutes into Finney's race, casting doubt on Finney's role as Nakamoto.
Health Concerns:
Additionally, the analysis points out that Satoshi Nakamoto was actively working on code and posting on forums during a time when Hal Finney was dealing with Amyotrophic Lateral Sclerosis (ALS), which had severely affected his ability to use a keyboard. This disparity in their activities during this period challenges the theory of Finney as Nakamoto.
Code Differences:
Lopp also notes differences between Finney's Reusable Proofs of Work code and the original Bitcoin client code. These differences raise questions about the extent of Finney's involvement in Bitcoin's creation.
Lopp believes Bitcoin's creation came from a single developer, Hal Finney. While there are objections, like the possibility of scripted emails or multiple Satoshis, the consistency in sleep schedules, code commits, emails, and forum posts supports this idea. Satoshi Nakamoto's identity remains a mystery, despite Hal Finney's significant role in cryptocurrency.
#HalFinney #SatoshiNakamoto #bitcoin #JamesonLopp
Jameson Lopp, a co-founder of Bitcoin custody firm Casa, presents compelling evidence that challenges the long-standing speculation that the late Hal Finney was the mysterious creator of Bitcoin, Satoshi Nakamoto. Lopp's analysis sheds new light on the debate, bringing into question the theory that has persisted for years.
Race Against Time:
Lopp's key argument centers on Hal Finney's 10-mile race in Santa Barbara, California, on April 18, 2009. Finney started at 8 am Pacific time and finished in 78 minutes, which coincides with emails between Satoshi Nakamoto and Mike Hearn. Satoshi emailed Mike at 9:16 AM Pacific time, just two minutes before Hal finished the race, implying Hal wasn't using a computer during the race.
On-Chain Data:
Lopp uses on-chain data, including emails between Hearn and Nakamoto, to argue that Nakamoto sent 32.5 BTC in a transaction on block 11,408, at 8:55 am California time, 55 minutes into Finney's race, casting doubt on Finney's role as Nakamoto.
Health Concerns:
Additionally, the analysis points out that Satoshi Nakamoto was actively working on code and posting on forums during a time when Hal Finney was dealing with Amyotrophic Lateral Sclerosis (ALS), which had severely affected his ability to use a keyboard. This disparity in their activities during this period challenges the theory of Finney as Nakamoto.
Code Differences:
Lopp also notes differences between Finney's Reusable Proofs of Work code and the original Bitcoin client code. These differences raise questions about the extent of Finney's involvement in Bitcoin's creation.
Lopp believes Bitcoin's creation came from a single developer, Hal Finney. While there are objections, like the possibility of scripted emails or multiple Satoshis, the consistency in sleep schedules, code commits, emails, and forum posts supports this idea. Satoshi Nakamoto's identity remains a mystery, despite Hal Finney's significant role in cryptocurrency.
#HalFinney #SatoshiNakamoto #bitcoin #JamesonLopp
