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In Search of The First Transaction

At the height of an eventful week – Cloud and IoT developments, Open Source Think Tank,  Linux Foundation Summit – I learned about the fate of my fellow alumnus, an upperclassman as it were, the brilliant open source developer and crypto genius known for the first transaction on Bitcoin.

Hal Finney is a Caltech graduate who went on to become one of the most dedicated, altruistic and strong contributors to open source cryptography. We are a small school in size, so one would think it’s easy to keep in touch; we try but do poorly, mostly a very friendly and open bunch, but easy to loose ourselves into the deep work at hand and sometimes miss what’s hiding in plain sight.

He was among the first to work with Phil Zimmermann on PGP, created the first reusable proof-of-work (POW) system years before Bitcoin, had just the right amount of disdain for noobs in my opinion, and years later, one of the first open source developers with Satoshi Nakamoto on Bitcoin, in fact the first transaction ever. There is a great story about Hal in Forbes this week, “My hunt for Bitcoin’s creator led to a paralyzed crypto genius, thank you, Hal Finney for going through with it, and Andy Greenberg for writing it. Sometimes it is very painful, shocking to see how things turn out, I think this is one of those moments when we realize how much this is going to mean to all of us, the brilliant minds of programmers like Hal Finney, who never sought the limelight, but did so much for us without asking for anything in return, who leave behind a long lasting contributions to privacy and security in our society, he is in fact a co-creator of the Bitcoin project. Do you realize that every bitminer successfully providing the required POW, should in fact reach the very same conclusion at the end of every new transaction… forever? You’d better accurately represent who was the very first. What a legacy to remember!

I often go to Santa Barbara to see a very, very close and dear person there, my daughter. But now, there is another reason to stop by and pay tribute to one of the finest there. We will all be in search of the first transaction, eventually.

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2 Comments.


  1. March 30, 2014 at 6:48 am

    I was amazed by this post and even more when I started thinking about the impact that so many brilliant programmers had in my life, Networking, Videogames, Digital Media, Communications etc. So many lasting contributions given for passion and the will to innovate. I really hope to see many more of them in the future.

       1 like

    • Michael Enescu

      Thank you, for your kind thoughts, Marco. It is for people like Hal and you that this community thrives.

         0 likes