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Author Topic: The first Bitcoin payment ever  (Read 1118 times)
flatfly (OP)
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November 21, 2012, 11:04:12 PM
 #1

According to my research, this seems to be the first actual transaction recorded in the blockchain:
 http://blockchain.info/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

1. Am I correct or is there an older one?
2. Is this a Satoshi-owned address? I guess so.
3. It's interesting that it doesn't use a change address. The change goes back to the sending address.

[EDIT:] According to this page, it is indeed the first payment ever, and was sent by Satoshi to Hal Finney.
 
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MatthewLM
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November 21, 2012, 11:26:49 PM
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It seems in the early times, new addresses were not generated but at some point people thought it would be better to generate new addresses for the change to make it harder (not impossible) to trace bitcoins.
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November 21, 2012, 11:31:08 PM
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It seems in the early times, new addresses were not generated but at some point people thought it would be better to generate new addresses for the change to make it harder (not impossible) to trace bitcoins.

That is correct.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
jl2035
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November 21, 2012, 11:58:44 PM
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10 BTC... that's quite a money these days... Smiley

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Fcx35x10
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November 22, 2012, 12:44:29 AM
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haha a trip down history :p
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