Vhtech777
1 hour ago






🧠 **Hal Finney in 2011 explaining how Bitcoin is created and transferred — and how incredibly well it has aged**
In 2011, when Bitcoin was still a young experiment, largely ignored and widely questioned about its future, **Hal Finney** — one of the earliest cypherpunks and the recipient of the first Bitcoin transaction from Satoshi Nakamoto — offered a remarkably clear explanation of how Bitcoin is created and transferred.
No hype.
No promises of quick riches.
Just **code, cryptography, and economic logic**.
Hal described how Bitcoin is “born” through the process of **mining**, where computers compete to solve cryptographic puzzles in order to validate transactions and create new blocks. He also explained how **private keys, public keys, and digital signatures** allow value to be transferred directly from one person to another — **without intermediaries**.
What’s truly remarkable is this:
👉 **Everything Hal said in 2011 is still true today.**
More than a decade later:
* Bitcoin still operates on the same foundational principles
* There is no “power switch”
* No CEO
* No need to trust people — only mathematics
In a world where technology evolves at breakneck speed, very few systems survive without rewriting their foundations. Bitcoin is one of them — and Hal Finney saw this from the very beginning.
That brief explanation from Hal back then now feels like a **timeless blueprint**:
> *Bitcoin doesn’t need to change in order to survive — it just needs to keep running.*
📌 **Hal Finney’s legacy isn’t just in the code he wrote, but in the clarity and humility with which he explained Bitcoin — accurate, sufficient, and resilient over time.**
“This has aged incredibly well.” 🟠


