Human Rights Foundation Announces Finney Freedom Prize On Fourth Bitcoin Halving

As we speak, on the day of the fourth Bitcoin halving, the Human Rights Basis (HRF) introduced the Finney Freedom Prize, commemorating the work of Hal Finney, one of many earliest public champions of Bitcoin.

As we speak HRF launches the Finney Freedom Prize to honor Hal Finney, a champion of privateness, open-source software program, and digital money

The 1 BTC award celebrates those that do probably the most for Bitcoin and freedom every halving period

Let it encourage many extra Hals✌️https://t.co/Zv6MagooUW pic.twitter.com/X4EqMEeIoM

— Alex Gladstein 🌋 ⚡ (@gladstein) April 19, 2024

The prize can be awarded to the person or establishment that does probably the most for Bitcoin and human rights in every halving period, and the recipient will obtain a financial award of 1 BTC.

“We needed to assist encourage individuals to make use of Bitcoin to advance human rights — to assist extra individuals obtain financial liberation around the globe — and we thought that making a prize that might be persistent all through the early lifecycle of Bitcoin can be one strategy to do it,” Alex Gladstein, Chief Technique Officer of the Human Rights Basis, informed Bitcoin Journal.

“The halving is an important day. It’s one thing that anybody can have fun, no matter what nation or scenario they’re in or who they’re, and it’s a good time to announce a Bitcoin-related prize,” he added.

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 household,” in response to Gladstein.

The HRF will work with the Finney household to nominate a seven-person “Genesis Committee” that may choose Laureates for the 2012-2016, 2016-2020 and 2020-2024 eras. Beginning with the 2024-2028 period, a brand new committee can be composed to pick the winner of the award.

A most of two Laureates may be chosen for every period. Within the occasion of two Laureates being chosen, every Laureate will obtain 50 million satoshis (half of a bitcoin).

To be thought-about for the prize, people or establishments should excel within the following areas:

• Educating giant numbers of individuals about Bitcoin
• Demonstrating how individuals can train monetary freedom by being their very own financial institution utilizing Bitcoin
• Making notable contributions to Bitcoin’s codebase
• Serving to to make Bitcoin extra accessible to the typical particular person, particularly these residing beneath authoritarian regimes
• Following in Hal’s footsteps of advocating for digital privateness

A complete of 33 Finney Freedom Prizes can be awarded, one for every Bitcoin halving period. The prize can be awarded via the 2130s, when the final Bitcoin block is predicted to be mined. The treasury for the award is publicly verifiable right here.

So, can we consider the Finney Freedom Prize because the Nobel Prize of Bitcoin?

“In as a lot because the Nobel Peace Prize or the Nobel Prize in Economics evokes individuals, sure,” Gladstein informed Bitcoin Journal. “We would like individuals to be impressed to be like Hal — to consider greater than themselves and about increasing this instrument in order that it may be accessible to extra individuals.”