March 27, 2024
New Analysis Challenges Hal Finney as Satoshi Nakamoto, Bitcoin Pioneer
Bitcoin News

New Analysis Challenges Hal Finney as Satoshi Nakamoto, Bitcoin Pioneer

Newly surfaced evidence has shed light on the activities of Bitcoin pioneer Hal Finney and the potential role of Satoshi Nakamoto in the creation of Bitcoin. For years, there has been speculation that Hal Finney, a prominent computer scientist, might be behind the creation of Bitcoin, despite his denial of this theory until his passing in 2014.

Jameson Lopp, co-founder of Bitcoin custody firm Casa, has presented evidence that further challenges the theory of Finney being Satoshi. The key evidence centers around a 10-mile race in Santa Barbara, California, on April 18, 2009. According to race data, Hal Finney participated in this race, which began at 8:00 a.m. Pacific Standard Time and ended 78 minutes later.

During this time, timestamped emails between Satoshi Nakamoto and one of the early Bitcoin developers, Mike Hearn, were exchanged. Lopp noted, “Satoshi sent the email to Mike at 9:16 AM Pacific time – 2 minutes before Hal crossed the finish line.” This implies that while Hal was running the race, he was not interacting with a computer.

In addition to this, Lopp pointed to on-chain data that supports his argument. Mike Hearn’s emails revealed that Nakamoto sent 32.5 BTC in one transaction. This transaction occurred on block 11,408, mined at 8:55 am PST, 55 minutes into Hal Finney’s race. Satoshi confirmed this transaction in an email at 6:16 p.m., while Hal was still running.

Furthermore, evidence suggests that Satoshi was actively working on Bitcoin-related code and participating in online forums when Hal Finney struggled with Amyotrophic Lateral Sclerosis (ALS), which had significantly affected his ability to use a keyboard. Hal Finney’s wife, Fran Finney, confirmed in a post on August 22, 2010, that ALS had slowed his typing speed from a “rapid-fire” 120 words per minute to a “sluggish finger peck.”

This newly surfaced evidence challenges the notion that Hal Finney was the elusive Satoshi Nakamoto and adds more complexity to the mystery of Bitcoin’s creation.

Image by rawpixel.com on Freepik

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