New Research Suggests Hal Finney Can’t Be Satoshi Nakamoto, The Creator of Bitcoin

hal finney was not satoshi nakamoto

In the world of cryptocurrencies and blockchain, finding out who created Bitcoin, known as Satoshi Nakamoto, has been a fascinating mystery.

Recent research by Jameson Lopp sheds new light on the enigmatic figure, debunking the notion that Hal Finney is behind this revolutionary innovation.

Jameson Lopp’s Research on Bitcoin Creator Satoshi Nakamoto

Satoshi Nakamoto, the mysterious person behind the creation of Bitcoin, has intrigued the cryptocurrency community for a long time. Many have speculated that computer scientist Hal Finney could be the enigmatic figure using the pseudonym. While Nakamoto’s identity doesn’t fundamentally impact Bitcoin, constant speculation has had tangible consequences for individuals like Hal Finney.

However, American software engineer Jameson Lopp has conducted a thorough analysis to challenge this theory. Lopp has presented strong evidence that disproves the idea that Hal Finney is Satoshi Nakamoto.

The Evidence Supporting Jameson Loop’s Thesis 

One crucial piece of evidence comes from a 10-mile run that Hal Finney did on April 18, 2009. While Finney was running for an hour and 18 minutes, Satoshi was exchanging emails with former Bitcoin developer Mike Hearn.

Lopp explains the details of time zones and email timestamps to show this significant time overlap. Mike Hearn, in Zurich, got a reply from Satoshi at 6:16 p.m. local time, which is 9:16 a.m. Pacific Time. Interestingly, this happened just two minutes before Hal Finney finished the race in California.

For those who might think Finney had someone else run for him, Lopp provides additional evidence from third-party sources. Photographic proof from the Photocrazy event service and a photo taken by Finney’s wife confirm Hal Finney’s presence in the race, removing any doubts about whether he was there.

On the same day, a crucial event was a Bitcoin transaction from Satoshi to Mike Hearn, totaling 32.5 BTC. This transaction was confirmed at 8:55 a.m. Pacific time, just 20 minutes before Satoshi’s response to Mike’s email.

The exact timing of this transaction is crucial. The previous block in the Bitcoin blockchain was mined successfully at 8:28 a.m. Pacific time. This suggests that the transaction from Satoshi to Hearn likely happened between 8:28 and 8:55 a.m., a time that unquestionably matches Hal Finney’s active participation in the race.

Can We Figure Out Who Satoshi Nakamoto, the Bitcoin Creator, Really Is?

To make this idea stronger, let’s look at the blocks mined. Lopp’s findings show that blocks 11,407, 11,408, and 11,409 were all linked to “Patoshi,” a miner believed to be Satoshi Nakamoto. The timing of these blocks once again matches the time when Hal Finney was running, giving more support to the idea that he is not the mysterious creator of Bitcoin.

Jameson Lopp’s detailed research shows how complex and tangled the quest to find out who Satoshi Nakamoto is. Although Lopp’s work doesn’t definitively reveal Nakamoto’s identity, it certainly gives a strong body of evidence that challenges the idea of Hal Finney being the genius behind Bitcoin.

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Chi Do
Chi Do
Chi Do is a content writer at CoinMinutes, responsible for creating most of the content on the website, including news related to Bitcoin (BTC), Ethereum (ETH), Blockchain, Decentralized Finance (DeFi), and more. With a keen interest in cryptocurrencies since the 2020s, Chi has acquired extensive experience and knowledge in this field. Chi holds a Bachelor's degree in communication from Academy of Journalism and Communication in Vietnam.

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