Post
Topic
Board Bitcoin Discussion
Re: Bitcoin First Transaction?
by
var53
on 02/10/2016, 01:59:49 UTC
franky1, what happens with the funds on this address https://blockchain.info/address/12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX ?
Since these funds are counted as coinbase transaction then these funds are not real or can not be spend even those funds that came after a year or more?

WTF are you on about? all funds are spendable. all funds are real, no matter what date they were received
that address contains:
1 coinbase and 43 address to address transactions

a coinbase is spendable. but being a coinbase is not a transaction in my eyes. its why it was given the term 'coinbase' to separate it into a different terminology from regular transactions.

but as i said ALL the funds are spendable, all the funds are real.



i know this is digressing off the OP's question. and being pedantic, and that franky1 already knows about it, but the very first coinbase is not spendable due to a quirk in the Bitcoin code. Every coinbase after that is spendable so SmartIphone would consider the second block's coinbase as the first transaction.

However, I take the majority's view that the pizza sale was the first Bitcoin transaction.