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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Running Bitcoin: Passing The Torch From Hal Finney To Jack Dorsey

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin node

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Last night, Twitter CEO Jack Dorsey tweeted the phrase “running Bitcoin,” as both a nod to computer scientist Hal Finney and to reveal to the world he is running a full node.

Here’s what this means for the first ever cryptocurrency along with a look a how it all started, and where Bitcoin is going next.

How It All Started: Hal Finney Tweets He’s “Running Bitcoin”

Few realized at the time just how significant a tweet from Hal Finney dated January 10, 2009 would ultimately be. The tweet containing only the phrase “running Bitcoin” was among the first the internet had ever heard of the cryptocurrency.

The tweet arrived only seven days following the Genesis Block, and Finney himself was the first to ever be on the receiving end of a BTC transaction.

Related Reading | Who Is Satoshi? Rounding Up The Usual Suspects In The Search For Bitcoin Creator

What Finney was referring to was the fact he was running a Bitcoin “node.” According to Bitcoin.org, a full node is “a program that fully validates transactions and blocks.”

Because Bitcoin is operated by no central authority, volunteers like Finney leverage computing power to help keep the network and code in operation.

Finney is part of a handful of early cryptocurrency supporters that are thought to potentially be Satoshi. Finney has since passed, but the legacy he and his tweet left behind have been critical to adoption of the emerging technology.

running bitcoin

How it started versus how its going, crypto-version | Source: BTCUSD on TradingView.com

How It’s Going: The Torch Has Been Passed To Today’s Tech Leaders

Today, the talk of the crypto industry is the fact that Twitter CEO Jack Dorsey has revealed in a tweet he is also now “running Bitcoin.” Included in the tweet is a screenshot of the code in action.

But the significance goes far beyond one of the most prominent tech leaders continuing to promote Bitcoin. What this more accurately represents, is a passing of the torch from one of the asset’s most influential pioneers to the next.

A pioneer is defined as someone who explores something new. By that definition, Hal Finney is undoubtably a pioneer in crypto. But Dorsey, is a pioneer in his own right.

Dorsey who also serves as the CEO of Square Inc., helped start the trend of corporations adding BTC to their treasury reserves. Square also sells Bitcoin directly to consumers, among other related financial services.

The social media head has also verbally championed Bitcoin as the potentially the next global reserve asset for the internet era and seems intent on seeing that through.

Related Reading | Here’s How High Bitcoin Could Go If 2017 Repeats

One noticeable difference between the two iconic tweets is that Dorsey’s now contains a Bitcoin logo hashtag, custom built by a team he leads.

Dorsey doesn’t need to run Bitcoin. He’s doing it because he is, like Hal, pushing the technology forward first and foremost.

Without Finney and his tweet, the likes of Dorsey might never have learned of Bitcoin and all it can offer the world. Finney’s soapbox was nowhere as large as Dorsey’s – could Dorsey’s “running Bitcoin” tweet some day be nearly as important as Finney’s, or perhaps more so?

Featured image from Deposit Photos, Charts from TradingView.com
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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