HalFinneyLegacy
175 views
2 Posts
Hot
Latest
Bitcoin ETFs Secure Approval 15 Years After Hal Finneyâs Iconic Tweet
In a significant development, Bitcoin ETFs have secured approval exactly 15 years after Hal Finney's groundbreaking "Running Bitcoin" tweet. The cypherpunk legend, who passed away in August 2014, not only holds the distinction of being the first person, aside from Satoshi Nakamoto, to download and run Bitcoin's software but also foresaw its rapid growth. In an email to Nakamoto, Finney estimated a future where each of the 21 million coins could be worth a staggering $10 million.The Journey from "Running Bitcoin" to Wall Street AdoptionOn January 11, 2024, the U.S. Securities and Exchange Commission (SEC) granted approval for the first-ever spot Bitcoin ETF, marking a pivotal moment in the cryptocurrency's history. Established financial giants like BlackRock and Fidelity, along with the crypto-native Grayscale's Bitcoin Trust (GBTC), now operate as approved providers for these ETFs. Fees associated with these products range from zero to 1.5%.While Bitcoin initially emerged as an anti-establishment concept, its adoption on Wall Street signifies a paradigm shift, positioning the digital token for widespread growth as an alternative asset. The SEC's green light for these regulated products allows investors and funds to gain exposure to Bitcoin without the risks tied to managing a cryptocurrency wallet, overcoming years of delays and outright rejections.Navigating Through Rejections and DelaysThe road to approval was not without its challenges. Co-founders of the Gemini crypto exchange, Cameron and Tyler Winklevoss, filed their first application with the SEC in 2013 to create a spot Bitcoin ETF, only to face prompt rejection. Grayscale, a major player in the crypto space, has been attempting to convert its trust into an ETF since 2017.Disclaimer: The information provided is based on a summary from azcryptoreviews on Jan 11, 2024, and may not reflect real-time developments. Always conduct thorough research before making investment decisions.#BTC #BitcoinETFApproval #HalFinneyLegacy #CryptoOnWallStreet $ETH $BTC
THE LEGACY Of Hal Finney: A Founding Pillar of Bitcoin
As one of the pioneers of the digital currency revolution, Finney's contributions to the development and popularization of Bitcoin are nothing short of legendary.
Born on May 4, 1956, in Coalinga, California, Finney possessed a keen interest in computer science from an early age. Graduating from the California Institute of Technology with a degree in engineering, he embarked on a distinguished career that would eventually lead him to become one of the earliest adopters and contributors to Bitcoin.
Finney's involvement with Bitcoin dates back to its very beginnings. In 2004, he was an active participant in the cypherpunk movementâa group advocating for the widespread use of strong cryptography and privacy-enhancing technologies.
When Satoshi Nakamoto released the Bitcoin whitepaper in 2008, Finney was among the first to recognize its potential and engage with the project.
Hal Finney's insights and perspectives on Bitcoin continue to resonate with enthusiasts and scholars alike. Some of his most notable quotes include:
"Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker."
"Bitcoin itself is secure, but bitcoins are only as secure as the systems that store and transact them."
"Unforgeable costliness is a fundamental aspect of Bitcoin's security."
Despite battling amyotrophic lateral sclerosis (ALS) in his later years, Finney remained an active participant in the Bitcoin community until his passing in 2014. His legacy lives on not only through his contributions to Bitcoin but also through the countless individuals he inspired to push the boundaries of technology and reshape the future of finance.
Hal Finney stands as a towering figure in the history of Bitcoinâa visionary whose intellect, integrity, and passion helped lay the groundwork for a financial revolution.
#halfinney #HalFinneyLegacy #freedomofmoney
#Write2Earns
#Write2Learn
$BTC
As one of the pioneers of the digital currency revolution, Finney's contributions to the development and popularization of Bitcoin are nothing short of legendary.
Born on May 4, 1956, in Coalinga, California, Finney possessed a keen interest in computer science from an early age. Graduating from the California Institute of Technology with a degree in engineering, he embarked on a distinguished career that would eventually lead him to become one of the earliest adopters and contributors to Bitcoin.
Finney's involvement with Bitcoin dates back to its very beginnings. In 2004, he was an active participant in the cypherpunk movementâa group advocating for the widespread use of strong cryptography and privacy-enhancing technologies.
When Satoshi Nakamoto released the Bitcoin whitepaper in 2008, Finney was among the first to recognize its potential and engage with the project.
Hal Finney's insights and perspectives on Bitcoin continue to resonate with enthusiasts and scholars alike. Some of his most notable quotes include:
"Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker."
"Bitcoin itself is secure, but bitcoins are only as secure as the systems that store and transact them."
"Unforgeable costliness is a fundamental aspect of Bitcoin's security."
Despite battling amyotrophic lateral sclerosis (ALS) in his later years, Finney remained an active participant in the Bitcoin community until his passing in 2014. His legacy lives on not only through his contributions to Bitcoin but also through the countless individuals he inspired to push the boundaries of technology and reshape the future of finance.
Hal Finney stands as a towering figure in the history of Bitcoinâa visionary whose intellect, integrity, and passion helped lay the groundwork for a financial revolution.
#halfinney #HalFinneyLegacy #freedomofmoney
#Write2Earns
#Write2Learn
$BTC
