#BITCOIN#

🧵 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