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The investigator, Jameson Lopp, compiled archived emails from 2010, data from a 10-mile race in California in 2009, and other evidence to make the argument.

Bitcoin pioneer Hal Finney was competing in a 10-mile race at the exact time Satoshi Nakamoto was responding to emails and transacting on Bitcoin, newly surfaced evidence has revealed.

For years, it has been commonly speculated that the late Hal Finney, a computer scientist, was the creator of Bitcoin. He was the first person besides Satoshi to download and run Bitcoin’s software and was the first recipient of Bitcoin. Finney, however, denied the theory until his passing in 2014.

Jameson Lopp, a self-proclaimed cypherpunk and co-founder of Bitcoin custody fi Casa, doesn’t believe the speculation either. In an Oct. 21 blog post, Lopp shared new evidence that casts further doubt on the theory.

Racing to send an email

Lopp’s key evidence revolves around a 10-mile race in Santa Barbara, California on Saturday, April 18, 2009.

According to the race data, Finney competed in the “Santa Barbara Running Company Chardonnay 10 Miler & 5K,” starting at 8 am Pacific time and finishing the race at 78 minutes.

The race, however, coincides with timestamped emails between Satoshi and one of the first Bitcoin developers, Mike Hearn.

Hal Finney was a legendary Cypherpunk, but he was not Satoshi.
Today I present my research to support that claim.https://t.co/gZVQv3QW0B
— Jameson Lopp (@lopp) October 21, 2023

“It turns out that early Bitcoin developer Mike Hearn was emailing back and forth with Satoshi during this time,” explained Lopp, referring to archived emails that Hearn had released publicly in the past.

“What can we determine from all of this? Satoshi sent the email to Mike at 9:16 AM Pacific time - 2 minutes before Hal crossed the finish line.”

“For the hour and 18 minutes that Hal was running, we can be quite sure that he was not interacting with a computer,” Lopp added.

*Hal Finney pictured running the 10 mile race on April 18. Source: PhotoCrazy*

The Bitcoin transaction

Meanwhile, Lopp highlighted on-chain data which further supports his claim.

Hearn’s emails with Nakamoto show that Nakamoto sent Hearn 32.5 BTC in one particular transaction.

Lopp pointed to this transaction that took place on block 11,408, which was mined at 8:55 am California time — 55 minutes into Finney’s race.

Nakamoto confirmed this transaction — in addition to another one involving 50 BTC — in the 6:16 pm email, which Lopp iterates took place while Finney was still running.

Health issues

Meanwhile, analysis has also highlighted that Satoshi was working on code and posting on various forums during a time when Hal Finney’s battle with Amyotrophic Lateral Sclerosis (ALS) had already affected his ability to use a keyboard.

Lopp cited an Aug. 22, 2010 post from Hal Finney’s past wife, Fran Finney, who said the couple attended the 2010 Singularity Summit in San Francisco on Aug. 14-15 and that Finney’s hard-fought battle ALS slowed his typing from a “rapid-fire” 120 words per minute to a “sluggish finger peck.”

Bitcoin is better off with Satoshi's identity remaining unknown. A human can be criticized and politically attacked. A myth will withstand the test of time.
— Jameson Lopp (@lopp) August 12, 2023

During that same time, Nakamoto performed four code check-ins and wrote 17 posts on various forums between Aug. 14-15, 2010, said Lopp.

Lopp also noted several differences in Finney’s Reusable Proofs of Work code compared to the original Bitcoin client code.

However, Lopp also acknowledged there could be objections to the so-called evidence.

Hearn published the emails in 2017 — seven years ex-post facto — and that it was around a time when other Bitcoiners lost trust in him over disagreements on how to scale Bitcoin.

Finney could have also scripted the emails and transactions in advance, or there could have been more than one Satoshi Nakamoto, Lopp said.

However, Lopp argues that Bitcoin’s creation came from a single developer:

“In all my time researching Satoshi, I've yet to come across any evidence suggesting it was a group. If it was a group, then they all operated on the same sleep schedule, consistent across code commits, emails, and forum posts.”

Hal Finney unfortunately passed away in August 2014 as a result of complications with ALS.

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Bitcoin self-custody advocate explains why on-ramps are key to adoption

May 17, 2023 Coin Telegraph

Adoption

Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption.

Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the preeminent cryptocurrency.

The co-founder of Casahodl, who’s a prominent figure in the Bitcoin and wider cryptocurrency space, spoke of the challenges in building self-custody solutions in an exclusive interview with Cointelegraph journalist Joseph Hall ahead of Miami Bitcoin Week.

Lopp has a wealth of experience as a developer building a range of services and products in the cryptocurrency space, but has largely been focused on self-custody of digital assets in recent years. Casahodl offers a range BTC self-custody solutions and is set to provide Ethereum support in 2023:

“The default path for most people to get into Bitcoin is through centralized exchanges that are surveilling their customers generally because they are legally required to do so.”

Lopp speculated that users typically buy an entry level amount of Bitcoin on an exchange and leave their holdings in the respective wallet. He questioned whether some users are even aware that they can actually manage their own BTC holdings in a self-custodial wallet:

“Even those who do understand that self-custody is a thing are afraid to take on the responsibility that is associated with that.”

Nevertheless Lopp added that cryptocurrency custodian service providers like exchanges offer a level of convenience and usability through web applications that is more user-friendly to industry newcomers. There is a relatively low barrier to entry, with the only friction point being AML and KYC requirements that many web users are becoming accustomed to.

“We simultaneously need to make self-custody both easier and make it so that people are comfortable and confident that they can do it without screwing up.”

Lopp added that creating more on-ramps for people to acquire Bitcoin and driving economic activity with the cryptocurrency. He used decentralized social media platform Nostr as an example of an ecosystem that has integrated Bitcoin layer-2 Lightning protocol as a means to drive the use of BTC:

“People can basically sign up there just by generating a public key and by creating a lightning wallet and they can just start receiving and sending with no AML orKYC required.”

In countries like the United Kingdom, Bitcoin proponents and a range of industry-leaders established a policy group to foster education, investment, business and job creation for the ecosystem in April 2023.

Meanwhile layer-2 infrastructure providers like Lightning have seen organic growth over the last year, with a steady increase in the amount of BTC locked up in Lightning channels.

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