🧠 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.” 🟠

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