🧵 The Untold Story of Martti Malmi: Bitcoin's Second Developer 🧵

ᗒ 1/11
• Without Martti Malmi, cryptocurrency might not be what it is today.
• Here's a look at his crucial role in Bitcoin's evolution…

ᗒ 2/11
• In 2009, Martti discovered Bitcoin and began mining.
• He mined over 55,000 BTC, which he sold for mere pennies back then.

ᗒ 3/11
• As Bitcoin's popularity surged, Martti became its first developer, assisting Satoshi Nakamoto with the code.

ᗒ 4/11
• Martti viewed Bitcoin as a groundbreaking financial tool.
• He believed, "Systems like Bitcoin can undermine state exploitation of citizens."

ᗒ 5/11
• His early efforts in defending Bitcoin spurred rapid technological advancements.
• Satoshi often expressed gratitude through letters.

ᗒ 6/11
• Martti, using the pseudonym Sirius, actively engaged in forums, answering questions and defending Bitcoin from critics.

ᗒ 7/11
• 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.

ᗒ 8/11
• Martti promoted Bitcoin’s advantages:
◦ Fast global transactions
◦ Protection from central banks

ᗒ 9/11
• After selling his BTC, Martti created his own exchange with $3,600 from Satoshi, launching it in 2010.

ᗒ 10/11
• By 2011, he sold all his BTC to cover living expenses, buying an apartment.

ᗒ 11/11
• Today, Martti works on **Nostr**, a project gaining market attention.
• He believes Bitcoin’s vision has been successfully realized.#Bitcoin #CryptoHistory #MarttiMalmi #Nostr #BTC

## The Untold Story of Martti Malmi: Bitcoin's Second Developer 🧵

### 1. The Early Days

🔹 Martti Malmi played a crucial role in shaping the cryptocurrency world.

🔹 Let's delve into his significant contributions to Bitcoin...

### 2. Discovery and Mining

🔹 In 2009, Martti stumbled upon Bitcoin and began mining it.

🔹 He mined over 55,000 BTC, which he sold for a small amount back then.

### 3. Development Collaboration

🔹 As Bitcoin gained traction, Martti became its first developer, assisting Satoshi Nakamoto with coding.

### 4. Revolutionary Vision

🔹 Martti viewed Bitcoin as a groundbreaking financial innovation.

🔹 He believed it could "challenge state exploitation of citizens."

### 5. Advocacy and Technological Growth

🔹 His advocacy for Bitcoin accelerated its technological advancements.

🔹 Satoshi frequently expressed gratitude to him in letters.

### 6. Online Engagement

🔹 Using the alias Sirius, Martti was active in forums, addressing questions and defending Bitcoin against critics.

### 7. Setting the First Bitcoin Price

🔹 He was the first to price Bitcoin, selling 5,000 BTC for $5 in late 2009.

🔹 Today, that amount would be valued at around $325M.

### 8. Promoting Bitcoin's Benefits

🔹 Martti highlighted Bitcoin’s advantages, such as:

- Quick global transactions
- Independence from central banks

### 9. Launching an Exchange

🔹 After selling his BTC, Martti founded his own exchange with $3,600 from Satoshi, launching it in 2010.

### 10. Liquidating Bitcoin Holdings

🔹 By 2011, he sold all his BTC to cover living expenses and bought an apartment.

### 11. Current Endeavors

🔹 Currently, Martti is involved with **Nostr**, a project gaining attention in the market.

🔹 He believes Bitcoin has achieved its intended vision.

#Bitcoin #CryptoHistory #MarttiMalmi #Nostr

🧵 The Untold Story of Martti Malmi: Bitcoin's Second Developer 🧵

ᗒ 1/11
⚹ Without Martti Malmi, cryptocurrency might not exist as we know it.
⚹ Here’s a look at his pivotal role in Bitcoin's development…

ᗒ 2/11
⚹ In 2009, Martti discovered Bitcoin and started mining.
⚹ He mined over 55,000 BTC, which he sold for pennies at the time.

ᗒ 3/11
⚹ As Bitcoin's popularity grew, Martti became its first developer, helping Satoshi Nakamoto with the code.

ᗒ 4/11
⚹ Martti saw Bitcoin as a revolutionary financial tool.
⚹ He believed, “Systems like Bitcoin can undermine state exploitation of citizens.”

ᗒ 5/11
⚹ His early work defending Bitcoin spurred rapid technological development.
⚹ Satoshi often thanked him through letters.

ᗒ 6/11
⚹ Martti, under the pseudonym Sirius, engaged in forums, answering questions and defending Bitcoin from critics.

ᗒ 7/11
⚹ 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.

ᗒ 8/11
⚹ Martti promoted Bitcoin’s benefits:
- Fast global transactions
- Protection from central banks

ᗒ 9/11
⚹ After selling his BTC, Martti created his own exchange with $3,600 from Satoshi, launching it in 2010.

ᗒ 10/11
⚹ By 2011, he sold all his BTC to cover living expenses, purchasing an apartment.

ᗒ 11/11
⚹ Today, Martti works on **Nostr**, a project gaining market attention.
⚹ He believes Bitcoin’s vision was successfully realized.

#Bitcoin #CryptoHistory #MarttiMalmi #Nostr #BTC