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

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• Without Martti Malmi, cryptocurrency might not be what it is today.

• Here's a look at his crucial role in Bitcoin's evolution…

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• In 2009, Martti discovered Bitcoin and began mining.

• He mined over 55,000 BTC, which he sold for mere pennies back then.

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

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• Martti viewed Bitcoin as a groundbreaking financial tool.

• He believed, "Systems like Bitcoin can undermine state exploitation of citizens."

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• His early efforts in defending Bitcoin spurred rapid technological advancements.

• Satoshi often expressed gratitude through letters.

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• Martti, using the pseudonym Sirius, actively 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 advantages:

◦ 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, buying an apartment.

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• Today, Martti works on **Nostr**, a project gaining market attention.

• He believes Bitcoin’s vision has been successfully realized.#Bitcoin #CryptoHistory #MarttiMalmi #Nostr #BTC