Today, on the day of the fourth Bitcoin halving, the Human Rights Foundation (HRF) revealed the Finney Freedom Prize, celebrating the work of Hal Finney, among the earliest public champs of Bitcoin.
Today HRF releases the Finney Freedom Prize to honor Hal Finney, a champ of personal privacy, open-source software application, and electronic money
The 1 BTC award commemorates those who do the most for Bitcoin and freedom each halving period
Let it motivate much more Hals✌️https://t.co/Zv6MagooUW pic.twitter.com/X4EqMEeIoM
— Alex Gladstein 🌋 ⚡ (@gladstein) April 19, 2024
The prize will be granted to the specific or organization that does the most for Bitcoin and human rights in each halving period, and the recipient will get a financial award of 1 BTC.
“We wanted to help inspire people to use Bitcoin to advance human rights — to help more people achieve economic liberation around the world — and we thought that creating a prize that could be persistent throughout the early lifecycle of Bitcoin would be one way to do it,” Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, informed Bitcoin Magazine.
“The halving is a very important day. It’s something that anyone can celebrate, regardless of what country or situation they’re in or who they are, and it’s a great time to announce a Bitcoin-related prize,” he included.
The prize winner, or Laureate, for the 2009-2012 period is Hal Finney himself, and his 1 BTC prize will go to “causes that matter to Hal’s family,” according to Gladstein.
The HRF will deal with the Finney household to designate a seven-person “Genesis Committee” that will choose Laureates for the 2012-2016, 2016-2020 and 2020-2024 ages. Starting with the 2024-2028 period, a brand-new committee will be made up to choose the winner of the award.
An optimum of 2 Laureates can be picked for each period. In the occasion of 2 Laureates being selected, each Laureate will get 50 million satoshis (half of a bitcoin).
To be thought about for the prize, people or organizations need to master the following locations:
- Educating great deals of individuals about Bitcoin
- Demonstrating how individuals can work out monetary freedom by being their own bank utilizing Bitcoin
- Making noteworthy contributions to Bitcoin’s codebase
- Helping to make Bitcoin more available to the typical individual, specifically those living under authoritarian programs
- Following in Hal’s steps of promoting for digital personal privacy
An overall of 33 Finney Freedom Prizes will be granted, one for each Bitcoin halving period. The prize will be granted through the 2130s, when the last Bitcoin block is anticipated to be mined. The treasury for the award is openly proven here.
So, can we consider the Finney Freedom Prize as the Nobel Prize of Bitcoin?
“In as much as the Nobel Peace Prize or the Nobel Prize in Economics inspires people, yes,” Gladstein informed Bitcoin Magazine. “We want people to be inspired to be like Hal — to think about more than themselves and about expanding this tool so that it can be accessible to more people.”
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