From Running Bitcoin to Running Bitcoin Challenge

Hal Finney’s name is etched in Bitcoin lore.

By day, Hal was a devoted husband and father; by night, a shadowy super coder pushing the boundaries of cryptography and how the world thinks about money. A seasoned cryptographer and ardent Bitcoin supporter, he was among the first to work with Satoshi Nakamoto on refining Bitcoin’s fledgling codebase.

January 2009, the iconic "Running Bitcoin" tweet was posted.

Over 16 years later, people are still engaging with Hal Finney’s legendary tweet—leaving comments of gratitude, admiration, and remembrance, reflecting on how far Bitcoin has come.

For many, it marks a key moment in Bitcoin’s early days.

More recently, it’s also become a symbol of Hal’s passion for running and the determination he showed throughout his life. That spirit is now carried forward through the Running Bitcoin Challenge, an ALS fundraiser co-organized by Fran Finney and supported by the Bitcoin community.

## Shadowy Super Coder

Long before Bitcoin came along, Hal Finney was already legendary in certain circles. He was part of the cypherpunk movement in the 1990s—people who believed in using cryptography to protect individual privacy online.

"The computer can be used as a tool to liberate and protect people, rather than to control them."
-Hal Finney

Hal contributed to Pretty Good Privacy (PGP), one of the earliest and best-known encryption programs. He also dabbled in digital cash prototypes, developing something called Reusable Proofs of Work (RPOW). He didn’t know it at the time, but that would prime him perfectly for a bigger innovation on the horizon.

Bitcoin's Early Days

When Satoshi Nakamoto released the Bitcoin whitepaper in late 2008, Hal was one of the first to see its promise. While many cryptographers waved it off, Hal responded on the mailing list enthusiastically, calling Bitcoin “a very promising idea.” He soon began corresponding directly with Satoshi. Their emails covered everything from bug fixes to big-picture possibilities for a decentralized currency. On January 12, 2009, Satoshi sent Hal 10 bitcoins—marking the first recorded Bitcoin transaction. From that day onward, his name was woven into Bitcoin’s origin story.

“When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run Bitcoin.”
-Hal Finney

Even in Bitcoin’s earliest days—when it had no market value and barely a user base—Hal grasped the scope of what it could become. He saw it not just as a technical curiosity, but as a potential long-term store of value, a tool for privacy, and a monetary system that could rival gold in its resilience. He even raised early concerns about energy use from mining, showcasing just how far ahead he was thinking. At a time when most dismissed Bitcoin entirely, Hal was already envisioning the future.

The Bucket List

By his early fifties, Hal Finney was in the best shape of his life. He had taken up distance running in the mid-2000s—not to chase medals, but to test himself. To stay healthy, to lose some weight, and above all, to do something hard. The engineer’s mind in him craved a structure of improvement, and long-distance running delivered it. With meticulous focus, Hal crafted training plans, ran 20+ mile routes on weekends, and even checked tide charts to time his beach runs when the sand was firmest underfoot.

His ultimate goal: qualify for the Boston Marathon.

For most, Boston is a dream. For Hal, it became a personal benchmark—a physical counterpart to the mental mountains he scaled in cryptography. He trained relentlessly, logging race times, refining form, and aiming for the qualifying standard in his age group. Running was more than physical for him. It was meditative. He often ran alone, without music, simply to be in the moment—present, focused, moving forward.

Running was also a shared passion. Fran often ran shorter distances while Hal trained for the longer ones. They registered for events together, cheered each other on at finish lines, and made it a part of their family rhythm. It was one more expression of Hal’s deep devotion not just to self-improvement, but to doing life side-by-side with those he loved.

Hal and Fran competing in the Denver Half-Marathon together

In April 2009, Hal and Fran ran the Denver Half Marathon together—a meaningful race and one of the first they completed side by side. At the time, Hal was deep in marathon training and hitting peak form.

A month later, Hal attempted the Los Angeles Marathon, hoping to clock a Boston-qualifying time. But something wasn’t right. Despite all his preparation, he was forced to stop midway through the race. His body wasn’t recovering the way it used to. At first, he chalked it up to overtraining or age, but the truth would come soon after.

ALS Diagnosis

In August 2009, at the height of his physical and intellectual pursuits, Hal received crushing news: a diagnosis of Amyotrophic Lateral Sclerosis (ALS), often referred to as Lou Gehrig’s disease. It was an especially cruel blow for a man who had just discovered a love for running and was helping birth the world’s first decentralized digital currency. ALS gradually robs people of voluntary muscle function. For Hal, it meant an uphill fight to maintain the independence and movement he cherished.

Still, Hal didn’t stop. That September, he and Fran ran the Disneyland Half Marathon together, crossing the finish line hand in hand. It would be his last official race, but the identity of being a runner never left him—not after the diagnosis, not after the gradual loss of physical control, not even after he was confined to a wheelchair.

Fran and Hal at the Disney Half Marathon.

By December of that same year, Hal could no longer run. Still, he was determined not to sit on the sidelines. That winter, the couple helped organize a relay team for the Santa Barbara International Marathon, a race Hal had long planned to run. Friends and family joined in, and Fran ran the final leg, passing the timing chip to Hal for the last stretch. With support, Hal walked across the finish line, cheered on by the local running community who rallied around him. It was a symbolic moment—heartbreaking and inspiring all at once.

Hal and Fran lead the Muscular Dystrophy Association relay team at the Santa Barbara International Marathon in 2009.

Even as his muscles weakened, Hal’s mind stayed sharp, and he continued to adapt in every way he could. He and Fran began making practical changes around their home—installing ramps, adjusting routines—but emotionally, the ground was still shifting beneath them.

Hal Finney humbly giving people in the future the opportunity to hear him speak before he is unable to.

Fran consistently emphasized that Hal maintained a remarkably positive attitude, even as ALS took nearly everything from him physically. His optimism and determination became the emotional anchor for the entire family.

“He was the one who kept us all steady. He was never defeated.”
-Fran Finney

Still Running Bitcoin

Hal’s response was remarkably consistent with the determination he showed in running and cryptography. Even as the disease progressed, forcing him into a wheelchair and eventually limiting his speech, he kept coding—using assistive technologies that allowed him to control his computer through minimal eye movements. When he could no longer run physically, he continued to run test code for Bitcoin, advise other developers, and share insights on the BitcoinTalk forums. It was perseverance in its purest form. Fran was with him every step of the way.

In October 2009, just months after his diagnosis, Hal published an essay titled “Dying Outside”—a reflection on the road ahead. In it, he wrote:

“I may even still be able to write code, and my dream is to contribute to open source software projects even from within an immobile body. That will be a life very much worth living."

And he meant it. Years later, Hal collaborated with Bitcoin developer Mike Hearn on a project involving secure wallets using Trusted Computing. Even while operating at a fraction of his former speed—he estimated it was just 1/50th of what he used to be capable of—Hal kept at it. He even engineered an Arduino-based interface to control his wheelchair with his eyes. The hacker mindset never left him.

This wasn’t just about legacy. It was about living with purpose, right up to the edge of possibility.

Running Bitcoin Challenge

In recent years, Fran Finney—alongside members of the Bitcoin community—launched the Running Bitcoin Challenge, a virtual event that invites people around the world to run or walk 21 kilometers each January in honor of Hal.

Timed with the anniversary of his iconic “Running bitcoin” tweet, the challenge raises funds for ALS research through the ALS Network. According to Fran, over 80% of all donations go directly to research, making it a deeply impactful way to contribute. Nearly $50,000 has been raised so far.

It’s not the next Ice Bucket Challenge—but that’s not the point. This is something more grounded, more personal. It’s a growing movement rooted in Hal’s legacy, powered by the Bitcoin community, and driven by the hope that collective action can one day lead to a cure.

“Since we’re all rich with bitcoins, or we will be once they’re worth a million dollars like everyone expects, we ought to put some of this unearned wealth to good use.”

— Hal Finney, January 2011Price of Bitcoin: $0.30

As Fran has shared, her dream is for the Bitcoin world to take this to heart and truly run with it—not just in Hal’s memory, but for everyone still fighting ALS today.

Spring Into Bitcoin: Honoring Hal’s Legacy & Building the Bitcoin Community

On Saturday, April 12th, we’re doing something different—and way more based than dumping a bucket of ice water on our heads. Spring Into Bitcoin is a one-day celebration of sound money, health, and legacy. Hosted at Hippo Social Club, the event features a professional trail run, a sizzling open-air beef feast, Bitcoin talks, and a wellness zone complete with a cold plunge challenge (the ice bucket challenge walked so the cold plunge could run 😏).

Purchase Tickets - General Admission

Tickets purchased using this link will get 10% back in Bitcoin rewards compliments of Oshi Rewards.

Purchase Race Tickets Here - RACE DISTANCES: Most Miles in 12 Hours, Most Miles in 6 Hours, Most Miles in 1 Hour, 5K, Canine 5K, Youth 1 Mile

It’s all in honor of Hal Finney, one of Bitcoin’s earliest pioneers and a passionate runner. 100% of event profits will be donated in Bitcoin to the ALS Network, funding research and advocacy in Hal’s memory. Come for the cause, stay for the beef, sauna, cold plunge and to kick it with the greatest, most freedom-loving community on earth.

Please consider donating to our Run for Hal Austin team here. This race officially kicks off the 2025 Run for Hal World Tour!

Ok, we might be a little biased.

The Lasting Impression

Hal Finney left behind more than code commits and race medals. He left behind a blueprint for resilience—a relentless drive to do good work, to strive for personal bests, and to give back no matter the circumstances. His life reminds us that “running” is more than physical exercise or a piece of software running on your laptop. It’s about forward progress. It’s about community. It’s about optimism in the face of challenges.

So, as you tie your shoelaces for your next run or sync up your Bitcoin wallet, remember Hal Finney.