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Hal Finney

Born 1956 · Age 69

American computer scientist, cryptographer and cypherpunk; early PGP developer, inventor of reusable proof-of-work (RPoW), first recipient of a Bitcoin transaction, ALS patient and cryonics proponent.

Total Events
34
Career Span
68 years
Peak Net Worth
$70,000

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Life & Career Timeline

1956Age 0

Born in Coalinga, California

Harold Thomas Finney II born to Virginia and Harold Thomas Finney (father a petroleum engineer).

5/4/1956Source
Confidence
99%
1974Age 18

Graduated Arcadia High School (approx.)

Graduated from Arcadia High School (sources vary between 1974 and 1975).

1/1/1974Source
Confidence
60%
1978Age 22

First job at APh (video-game/engineering firm)

Summer 1978: first professional work at APh Technology Consultants (contracted with Mattel/Intellivision); early assembly-language and systems work.

1/1/1978Source
Confidence
85%
1979Age 23

BS in Electrical Engineering, Caltech

Graduated from California Institute of Technology with a Bachelor of Science in engineering.

5/17/1979Source
Confidence
95%
1980Age 24

Worked on notable console games (grouped)

Credited as lead developer/contributor on multiple console games (Adventures of Tron, Armor Ambush, Astrosmash, Space Attack) during early career.

1/1/1980Net Worth: $5,000Source
Confidence
70%
1980Age 24

Joined video game industry (APh / Atari-era projects)

Worked on console/video-game projects including Adventures of Tron, Armor Ambush, Astrosmash and Space Attack (credited as developer/lead on several titles).

10/16/1980Net Worth: $5,000Source
Confidence
60%
1990Age 34

Operated anonymous remailers (early work in anonymous email)

Ran the first cryptographic anonymous remailer and later operated two anonymous remailers to hide email sender identities (privacy-enhancing tech).

1/1/1990Net Worth: $12,000Source
Confidence
90%
1990Age 34

Joined Cypherpunks mailing list

Became an active participant on the Cypherpunks list — a key community for privacy/cryptography advocacy.

10/15/1990Net Worth: $10,000Source
Confidence
90%
1991Age 35

Volunteered development work for PGP

Worked with Phil Zimmermann on early versions of Pretty Good Privacy (PGP); contributed pro bono code and cryptographic expertise.

1/1/1991Net Worth: $15,000Source
Confidence
90%
1992Age 36

Public cypherpunk writings

Published and posted influential cryptography and privacy commentary on Cypherpunks list (e.g., 1992 posts discussing Chaum, privacy and empowering individuals).

1/1/1992Net Worth: $15,000Source
Confidence
90%
1992Age 36

Joined Alcor (cryonics membership)

Signed membership papers for the Alcor Life Extension Foundation (early commitment to cryonics and life-extension ideas).

10/15/1992Net Worth: $15,000Source
Confidence
85%
1996Age 40

PGP became a commercial organization; Finney joins PGP Corporation

When Phil Zimmermann commercialized PGP (PGP Inc/Pgp Corp era) Finney joined as a senior developer/engineer and later remained with successor entities through acquisitions.

1/1/1996Net Worth: $30,000Source
Confidence
80%
1996Age 40

Netscape export-grade encryption contest (won)

Participated in/ran a contest to break Netscape's export-grade (40-bit) encryption; contest succeeded, demonstrating export-grade crypto was weak.

1/1/1996Net Worth: $30,000Source
Confidence
85%
2004Age 48

Created Reusable Proof-of-Work (RPoW)

Designed and released the first reusable proof-of-work (RPoW) system — an important precursor to Bitcoin's PoW designs.

1/1/2004Net Worth: $50,000Source
Confidence
95%
2005Age 49

Presented RPoW at conference (San Francisco)

Presented the RPoW idea publicly (practiced talk in San Francisco); increased visibility among cryptographers and cypherpunks.

1/1/2005Net Worth: $50,000Source
Confidence
85%
2008Age 52

Saw Bitcoin whitepaper via Cypherpunks

Read Satoshi Nakamoto's Bitcoin whitepaper (published 2008) on Cypherpunks list and was among the first cryptographers to engage with it.

1/1/2008Net Worth: $70,000Source
Confidence
90%
2009Age 52

Mined early Bitcoin blocks

Mined several early blocks (recounted he mined block ~70-something) and helped find/fix bugs in the early client.

1/1/2009Net Worth: $500Source
Confidence
90%
2009Age 52

Downloaded and ran Bitcoin software (early adopter)

One of the first people (after Satoshi) to download and run the initial Bitcoin client; began mining and testing the network.

1/10/2009Net Worth: $100Source
Confidence
95%
2009Age 52

Received first Bitcoin transaction (10 BTC)

On or around Jan 12, 2009 Satoshi Nakamoto sent Finney 10 BTC — recorded as the first Bitcoin transaction.

1/12/2009Net Worth: $100Source
Confidence
98%
2009Age 53

Diagnosed with ALS (amyotrophic lateral sclerosis)

Received an ALS diagnosis in August 2009 (later publicly announced).

8/1/2009Net Worth: $1,000Source
Confidence
98%
2009Age 53

Publicly announced ALS diagnosis (essay 'Dying Outside')

Posted on Less Wrong / personal essay describing ALS diagnosis, prognosis and desire to keep programming and participating online.

10/5/2009Net Worth: $1,000Source
Confidence
95%
2010Age 54

Moved some Bitcoin to offline wallet; returned to Bitcoin as value rose

After Bitcoin began to gain monetary value in late 2010, Finney re-engaged, moved coins to offline storage and advocated for the project.

1/1/2010Net Worth: $20,000Source
Confidence
60%
2011Age 54

Retired from PGP Corporation

Left PGP Corporation (and its successor entities) and retired in early 2011; retirement influenced by deteriorating health.

1/1/2011Net Worth: $25,000Source
Confidence
90%
2011Age 55

Continued Bitcoin-related work post-retirement

Despite retirement from PGP, remained active improving Bitcoin code, testing, and participating in discussions.

1/1/2011Net Worth: $30,000Source
Confidence
80%
2013Age 57

Medical expenses and coin sales

Used much of his bitcoin holdings to cover ALS medical expenses during 2013 (family later reported sales to pay care costs).

1/1/2013Net Worth: $15,000Source
Confidence
70%
2013Age 57

Worked on experimental wallet software (bcflick / Trusted Computing)

Developed experimental software (referred to as bcflick) using Trusted Computing concepts to strengthen Bitcoin wallets.

1/1/2013Net Worth: $20,000Source
Confidence
80%
2013Age 57

Extortion and swatting incidents

Reported anonymous extortion calls demanding 1,000 BTC and suffered swatting hoaxes directed at him and his family (2013–2014 period).

1/1/2013Net Worth: $15,000Source
Confidence
90%
2013Age 56

Published 'Bitcoin and Me' (BitcoinTalk post)

Posted 'Bitcoin and Me' describing his paralysis from ALS, continued love of programming and work on Bitcoin wallets.

3/1/2013Net Worth: $30,000Source
Confidence
95%
2014Age 0

Posthumous community recognition and ongoing speculation

Community continued debate over Finney's role relative to Satoshi; his early contributions and first-transaction status cemented legacy.

1/1/2014Source
Confidence
98%
2014Age 58

Cryopreserved by Alcor Life Extension Foundation

Following death, Finney's body was cryopreserved by Alcor (he had been an Alcor member since 1992).

8/28/2014Net Worth: $10,000Source
Confidence
95%
2014Age 58

Died from complications of ALS

Passed away in Phoenix, Arizona on Aug 28, 2014 due to ALS complications.

8/28/2014Net Worth: $10,000Source
Confidence
99%
2024Age 0

Legacy: multiple tributes and continued academic/technical study

Finney's RPoW, PGP work, anonymous remailer contributions, and early Bitcoin activity continued to be cited, studied and honored across crypto and privacy communities.

1/1/2024Source
Confidence
95%
2024Age 0

Finney Freedom Prize (Human Rights Foundation) awarded posthumously

Human Rights Foundation established/awarded the inaugural Finney Freedom Prize in 2024 in recognition of contributions to freedom and Bitcoin; widow accepted award (posthumous).

4/1/2024Source
Confidence
60%
2024Age 0

Blockchain analysts observe movement from address associated with Finney

September 2024: reports of 46 BTC sent to Kraken from an address analysts associate with Finney; on-chain activity fueled renewed interest in his wallet (claims of ~1,225 BTC balance contested).

9/1/2024Source
Confidence
40%