🧵 The Untold Story of Martti Malmi: Bitcoin's Second Developer 🧵
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⚹ Without Martti Malmi, cryptocurrency might not exist as we know it.
⚹ Here’s a look at his pivotal role in Bitcoin's development…
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⚹ In 2009, Martti discovered Bitcoin and started mining.
⚹ He mined over 55,000 BTC, which he sold for pennies at the time.
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⚹ As Bitcoin's popularity grew, Martti became its first developer, helping Satoshi Nakamoto with the code.
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⚹ Martti saw Bitcoin as a revolutionary financial tool.
⚹ He believed, “Systems like Bitcoin can undermine state exploitation of citizens.”
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⚹ His early work defending Bitcoin spurred rapid technological development.
⚹ Satoshi often thanked him through letters.
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⚹ Martti, under the pseudonym Sirius, engaged in forums, answering questions and defending Bitcoin from critics.
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⚹ He was the first to set a Bitcoin price, selling 5,000 BTC for $5 in late 2009.
⚹ Today, that would be worth about $325M.
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⚹ Martti promoted Bitcoin’s benefits:
- Fast global transactions
- Protection from central banks
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⚹ After selling his BTC, Martti created his own exchange with $3,600 from Satoshi, launching it in 2010.
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⚹ By 2011, he sold all his BTC to cover living expenses, purchasing an apartment.
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⚹ Today, Martti works on **Nostr**, a project gaining market attention.
⚹ He believes Bitcoin’s vision was successfully realized.
