Martti Malmi @marttimalmi Twitter profile

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Martti Malmi

@marttimalmi

2 months

My email correspondence with Satoshi in 2009-2011:

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Martti Malmi

@marttimalmi

3 years

I'd be a *billionaire* now if I hadn't sold the 55,000 bitcoins I mined on my laptop in 2009-2010 way too early (mostly before 2012). That is regretful, but then again, with the early bitcoiners we set in motion something greater than personal gain.

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Martti Malmi

@marttimalmi

3 years

Thank you, Satoshi and others who have made Bitcoin what it is today. May it bring peace and prosperity to the world. Long live Bitcoin.

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Martti Malmi

@marttimalmi

3 years

Some lessons learned: 1) Money matters: more is always better than less. 2) Still, you don't need to be rich to lead a perfectly good life. It's about the basic things. 3) You don't live forever. Pursuing something greater than yourself brings meaning in life.

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Martti Malmi

@marttimalmi

3 years

100 BTC: 2010 🍺 2013 🚗 2017 🏎️ 2021 ✈️

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Martti Malmi

@marttimalmi

3 years

In 2011 when the exchange rate peaked at $15-$30, I sold over 10,000 BTC to buy a fairly comfortable studio apartment near Helsinki. Big deal for a 22-year-old who never had much money. Probably the most expensive studio in the world now, but at least I got more than 2 pizzas.

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Martti Malmi

@marttimalmi

10 years

Found the first known bitcoin to USD transaction from my email backups. I sold 5,050 BTC for $5,02 on 2009-10-12.

Transaction: 7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2 | Blockchain.com

The easiest and most trusted transaction search engine and block explorer.

www.blockchain.com

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Martti Malmi

@marttimalmi

3 years

Perhaps owing to Finnish culture, idealistic mentality and lack of life experience, I never thought much about making money. It happened accidentally as a byproduct of Satoshi asking me to keep my node running so others could connect. Thank you, Satoshi.

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Martti Malmi

@marttimalmi

3 years

I quit a boring job as a junior software developer and went to study Japanese for a couple months in Fukuoka, Japan. Also visited the Tokyo office of Mt. Gox when they were still doing great. Tokyo sunset from the office:

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Martti Malmi

@marttimalmi

2 months

Satoshi downplayed his writing, but as evident from the emails, his English was perfect, much better than mine. I don't remember a single instance where he even made a spelling error.

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Martti Malmi

@marttimalmi

2 months

Back when sending 10,000 btc was casual:

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Martti Malmi

@marttimalmi

4 years

Nope. Bitcoin was announced on the cryptography mailing list in January 2009 and many people could have tested it. I found Bitcoin around April. @Cointelegraph

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Martti Malmi

@marttimalmi

3 years

Martti Malmi

@marttimalmi

10 years

Found the first known bitcoin to USD transaction from my email backups. I sold 5,050 BTC for $5,02 on 2009-10-12.

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Martti Malmi

@marttimalmi

3 years

In October 2011 I offered a 1000 BTC bounty for "getting a major business to accept Bitcoin", which was never claimed.

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Martti Malmi

@marttimalmi

3 years

Then I ran for a while in 2010. At the time, there was no established exchange rate, and I operated it more like a bitcoin faucet than a business, ending up with 30,000 BTC less.

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Martti Malmi

@marttimalmi

4 years

Built a decentralized social networking application, somewhat like Instagram or Twitter. Follow me on Iris!

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Martti Malmi

@marttimalmi

3 years

Since then I've kept my varying amount of savings in BTC. That's not much, but still nice gains over the years. Happy about the recent development.

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Martti Malmi

@marttimalmi

3 years

I was planning to hodl the rest of my BTC, but had to sell the most of it at a bad rate (~$5) in 2012 when finding a new job took longer than expected.

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Martti Malmi

@marttimalmi

3 years

@kyletorpey $2 in bitcoin I bought a beer with in 2010 is now worth $1.9M 😬

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Martti Malmi

@marttimalmi

5 years

Apparently CSW has claimed in court that I cofounded Silk Road and worked "to allow assassination markets". For the record: that is obviously a made up accusation.

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Martti Malmi

@marttimalmi

3 years

I have to add, this hasn't been as rough as it might first sound. It's not like I ever had $1B and lost it overnight. Besides Bitcoin's success, I was pretty darn happy about getting my own apartment at age 22.

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Martti Malmi

@marttimalmi

3 years

I bought a 100 BTC beer from a friend in 2010. He also sold the most of it too early, but saved enough to give me a bottle of wine a few years later.

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Martti Malmi

@marttimalmi

3 years

Thanks for the overwhelmingly positive feedback! Didn't get $1B, but at least I got 19K likes.

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Martti Malmi

@marttimalmi

5 years

I've been working on a social networking application that stores everything on the devices of its users and supports p2p connections. Thoughts?

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Martti Malmi

@marttimalmi

3 years

Never had serious regret about not being super-rich or even a millionaire — that would be kind of entitled and ungrateful to all the good that life has given (and the absence of really bad things).

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Martti Malmi

@marttimalmi

5 years

I'm leaning not to, since it would be a distraction from actually meaningful things. I don't think his claims are going to affect my life - no one takes him seriously. Then again, would be good to see justice served and him not getting away with outright slander.

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Martti Malmi

@marttimalmi

5 years

Taking a closer look to the transcript, CSW is accusing me and Theymos of soliciting drug trade, assassinations, terrorism and child porn. That is too much to be ignored.

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Martti Malmi

@marttimalmi

3 months

In the Finnish national epic Kalevala, the legendary blacksmith Ilmarinen builds the Sampo, a device producing endless riches and good fortune. It is lost in a "boating accident", but some of its fragments wash ashore, bringing wealth to their finders.

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Martti Malmi

@marttimalmi

5 years

"Who is the Finnish person who was one of Bitcoin's first developers? - Uhhh..." 😆

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Martti Malmi

@marttimalmi

3 years

New Iris-electron release out. Iris is like Discord or Twitter, but it's a p2p application, not a "platform" that you can be thrown out of. Still glitchy, so dev help would be much appreciated!

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Martti Malmi

@marttimalmi

5 years

Also the real Satoshi knows how to spell my name and that I'm not Norwegian.

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Martti Malmi

@marttimalmi

5 years

Should I take legal action? Under what jurisdiction?

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Martti Malmi

@marttimalmi

3 years

I don't understand the value proposal of NFTs if you don't get the copyright. On the other hand, I don't understand why anyone would watch soccer or listen to rap music either.

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Martti Malmi

@marttimalmi

7 years

Nice try, but you forgot the secret handshake.

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Martti Malmi

@marttimalmi

1 year

What improvements are needed to make the best Nostr client?

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Martti Malmi

@marttimalmi

5 years

I want to thank everyone for the support I've received. Already got some suggestions where to start, but recommendations for good lawyers etc. are welcome. Email mmalmi @pm .me

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Martti Malmi

@marttimalmi

5 years

Got the torch from Henry 🙏

Henry Brade ⚡

@Technom4ge

5 years

Torch update. I wanted to send it to someone who is more OG than me, and luckily I happen to know someone who is. This person is the first #Bitcoin developer after Satoshi Nakamoto. @marttimalmi a.k.a Sirius now has the torch! #lightning #reckless #LNtrustchain

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Martti Malmi

@marttimalmi

3 years

There's a long history of economic "experts" telling us that bitcoin is not going to work. Historically, listening to them hasn't been a good idea. I don't think it's any different this time.

Martti Malmi

@marttimalmi

3 years

@nntaleb Have you made a bet against bitcoin yet? Skin in the game or just academic papers?

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Martti Malmi

@marttimalmi

5 years

Passing on the torch to @kangasbros . He is the founder of LocalBitcoins, a service that has since 2012 helped millions of people all around the world, incl. places like Venezuela, to buy and sell bitcoins.

Martti Malmi

@marttimalmi

5 years

Got the torch from Henry 🙏

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Martti Malmi

@marttimalmi

8 years

Wrote my first article on how we could change the world with reputation systems.

Learning to Trust Strangers

Imagine if we could extend the systems of trust we’ve seen on Uber and Airbnb to all human interaction.

mmalmi.medium.com

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Martti Malmi

@marttimalmi

5 years

Although can't deny the comical aspect of the list. Why not add assassination of Kennedy?

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Martti Malmi

@marttimalmi

5 years

Federal judge rejects Wright's story and effectively calls him a liar.

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Martti Malmi

@marttimalmi

2 years

@Ledger It was registered by Satoshi. I found Bitcoin in 2009.

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Martti Malmi

@marttimalmi

3 years

To the "keep telling that to yourself" folks: Basically all the early bitcoiners were idealists who above all wanted to change the world. In that we were successful.

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Martti Malmi

@marttimalmi

1 year

Much requested window.nostr (Alby, nos2x) and npub login support added to .

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Martti Malmi

@marttimalmi

3 years

@nntaleb Have you made a bet against bitcoin yet? Skin in the game or just academic papers?

The Intellectual Yet Idiot

(Chapter in Skin in the game )

medium.com

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Martti Malmi

@marttimalmi

1 year

Twitter can't compete with this

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Martti Malmi

@marttimalmi

5 years

”Money doesn’t work that way” - getting rejected or ignored was indeed the usual reaction to bitcoin back in the day. Bitcoin’s success forced ppl to re-evaluate their conceptions about money and other things, such as the authority of ”experts” in some fields.

Nick Szabo

@NickSzabo4

5 years

@serumroth @RajarshiMaitra @BobMcElrath @adam3us There is tons of bizarre fantasy in the OT, but one of the things wrong with it is that a non-official & decentralized currency was politically & economically a very fringe idea. All economists of all stripes, including Austrian, who heard the idea either ignored or rejected it.

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Martti Malmi

@marttimalmi

7 years

Cheers. Also mined over 1000 blocks on a CPU 😀

WeRateBitcoiners

@WeRateBitcoiner

7 years

Meet @marttimalmi . Satoshi's Helper. 1st dev to work with Satoshi. Sold 5050 BTC for $5.05 in 2009. Now working on decentralized ID. 15/10

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Martti Malmi

@marttimalmi

5 years

In response to some questions: It's not running on a blockchain. Blockchain is not the right tool for social media. You don't need or want strong consistency there - slow and expensive sync with everyone in the world.

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Martti Malmi

@marttimalmi

4 years

Built an e2e encrypted decentralized messaging app on @databasegun for the browser & desktop:

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Martti Malmi

@marttimalmi

6 years

I’m in it for Identifi and GUN. Generally very sceptical about altcoins. You need to ask why not just use btc+lightning - discussing that with @marknadal who does have good arguments in favor of AXE.

CoinDesk

@CoinDesk

6 years

Bitcoin's Second-Ever Developer Is Back (With a Big Vision for Crypto)

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Martti Malmi

@marttimalmi

3 years

What consenting adults do in their bedrooms is none of the government's business. Stop taxing remote work!

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Martti Malmi

@marttimalmi

4 years

I just published an article about online platforms and how to decentralize them:

How To Fix Everything That's Wrong With the Internet | HackerNoon

What do Google, Facebook, Youtube, Amazon, Uber and a phone book have in common? They are indexes — searchable lists of stuff. Google is a list of keywords mapped to the websites they appear in....

hackernoon.com

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Martti Malmi

@marttimalmi

8 years

It seems Craig Wright has proven he's not Satoshi.

From the Bitcoin community on Reddit: Craig Wright's signature is worthless

Explore this post and more from the Bitcoin community

www.reddit.com

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Martti Malmi

@marttimalmi

1 year

Iris is now on App Store! @iristoapp

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Martti Malmi

@marttimalmi

3 years

There's a lot of new stuff on Iris, the decentralized social networking application I've been working on. Check it out & follow me on Iris:

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Martti Malmi

@marttimalmi

3 years

Of course, it would have been possible and fun to *also* get rich while being an idealist. Then you could invest and donate to advance the cause (while driving a sports car). But thanks to Bitcoin, many people are taking care of just that.

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Martti Malmi

@marttimalmi

3 years

In late 2010 there was an influx of bitcoiners who were only interested in mining. That's not wrong by any means, just different than the idealist ethos. Bitcoin had the right incentives for growth.

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Martti Malmi

@marttimalmi

5 years

Satoshi keeps emailing me. This one made me smile.

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Martti Malmi

@marttimalmi

8 years

@SureReno Sold to NewLibertyStandard to help him get the world's first bitcoin trading service started.

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Martti Malmi

@marttimalmi

6 months

Social graph visualisation on Iris (n o s t r client)

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Martti Malmi

@marttimalmi

6 years

I believe bitcoin was originally a one-man tinkering project, not a group of people working on it or some government conspiracy.

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Martti Malmi

@marttimalmi

5 years

Remote working in Silicon Valley today. Want to lend a desk at your office in exchange for secret 2009 bitcoin lore?

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Martti Malmi

@marttimalmi

6 years

Satoshi keeps changing his email address and style of writing. Security through obscurity?

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Martti Malmi

@marttimalmi

2 years

EU-tasolla vaadittu louhintarajoituksia. Muistettakoon että bitcoin ei tuota päästöjä, vaan fossiiliset polttoaineet. Bitcoin on vain pieni osa kaikesta energiankulutuksesta. Jos päästöjä haluaa vähentää, pitäisi rajoittaa suoraan fossiilisia eikä bitcoinia. @Joonas_Laitinen

Helsingin Sanomat

@hsfi

2 years

Kolumni | Ihminen on pohjimmiltaan loputtoman ahne, ja siksi meillä on ilmastokriisi ja bitcoin

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Martti Malmi

@marttimalmi

1 year

I just added support for #nostr keys and profiles to . If you already have an iris key, a nostr key is derived from it. If you log in with a nostr key, an iris key is derived from it. For now it only syncs your profile, but I'll add posts as well.

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Martti Malmi

@marttimalmi

10 years

@AlxndrMGMT @AllThingsBTC I wish... I don't have a huge amount left, but let's give it a few years.

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Martti Malmi

@marttimalmi

3 years

As an issuer of security tokens or NFTs, what do you do when someone claims they were stolen and demands reissuance? What proof do you require and when do you have a legal obligation to comply?

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Martti Malmi

@marttimalmi

1 year

Iris #nostr client is now in play store open testing. (It's the same browser application as , but many people don't know how to save webpages to home screen.)

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Martti Malmi

@marttimalmi

1 year

#nostr now works on mobile without performance issues

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Martti Malmi

@marttimalmi

5 years

@ZLOK @00iamgru00 @MyLegacyKit @RealRossU That is of course made up and easily warrants for defamation charges. On the other hand, is there anything to be gained? No one takes that guy seriously anyway.

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Martti Malmi

@marttimalmi

2 years

If you're interested in fully decentralized social networking, check out . Lots of improvements added. It's still a proof of concept, so more devs needed to smooth the rough edges.

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Martti Malmi

@marttimalmi

4 years

It's built on preact & gunDB. Source code here, contributions welcome:

GitHub - irislib/iris-messenger: Decentralized messenger

Decentralized messenger. Contribute to irislib/iris-messenger development by creating an account on GitHub.

github.com

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Martti Malmi

@marttimalmi

3 years

@kashhill I had a similar, if less serious experience years ago, which in part made me think about reputation systems.

Learning to Trust Strangers

Imagine if we could extend the systems of trust we’ve seen on Uber and Airbnb to all human interaction.

mmalmi.medium.com

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Martti Malmi

@marttimalmi

1 year

Restored webtorrent support on nostr-iris. Decentralized youtube / spotify?

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Martti Malmi

@marttimalmi

7 years

The hype is partly driven by tech journalists who don't understand what they write about, but cater to the popular narrative.

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Martti Malmi

@marttimalmi

2 years

Freedom Pi: open wifi hotspot with filesharing, chat, offline wikipedia and FM broadcasting. Designed for offline use, but optionally shares Internet access over Tor. What features would you add?

GitHub - mmalmi/FreedomPi: Raspberry Pi wifi hotspot with an offline-first community portal....

Raspberry Pi wifi hotspot with an offline-first community portal. Optionally shares internet access over Tor. - mmalmi/FreedomPi

github.com

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Martti Malmi

@marttimalmi

6 years

@ZLOK @DrRoyMurphy @jgarzik @adam3us @NickSzabo4 @LukeDashjr @TheBlueMatt @peterktodd @pwuille @eric_lombrozo @morcosa @evoskuil @DrRoyMurphy tell me more about your commits in 2009? The first dev after me and Satoshi was Gavin in July 2010. Commits visualized:

History of Bitcoin 2009-2018 (Git Visualization)

Graphical visualisation of the Bitcoin Github repository from 2009 to 2018.The tools used are Gource, Git, ffmpeg and Perl.My scripts : https://github.com/Xe...

www.youtube.com

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Martti Malmi

@marttimalmi

3 years

@elonmusk @KremlinRussia_E He'd love the attention and you could chat about rockets.

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Martti Malmi

@marttimalmi

2 years

Like bitcoin gave us a free market alternative to banks, DeFi could give us a free market alternative to insurance companies. I think it could be a great development for freedom.

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Martti Malmi

@marttimalmi

2 years

@Chainlank PoS is not tested by time yet. There are potential risks with censorship and centralization. If PoW is the only way to avoid that, then it's worth the energy use. We'll see. And you don't even need to waste the energy — it can be used for heating.

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Martti Malmi

@marttimalmi

1 year

Next month, I will be in Costa Rica for the world's first Nostr conference , and it will be epic! Huge thanks to @r0ckstardev for organizing the fundraiser and to all who made this possible through their donations!

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Martti Malmi

@marttimalmi

10 years

@TheAlexGalaxy Yes. Most of the inputs are from blocks freshly mined with a CPU.

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Martti Malmi

@marttimalmi

1 year

@jack Sometimes I wish I didn't sell those 30,000 BTC at my site in 2010.

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Martti Malmi

@marttimalmi

4 years

Anyone else annoyed by Twitter showing dumb political tweets from people you don't even follow? Sometimes I've even unfollowed people because their follows would show up.

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Martti Malmi

@marttimalmi

6 years

Blast from the past. The original bitcoin source code included online poker and marketplace sketches.

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Martti Malmi

@marttimalmi

3 years

Spending a lot of money on something seemingly useless can be a display of devotion or social status. Perhaps NFT wedding rings will be the next big thing?

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Martti Malmi

@marttimalmi

3 years

@elonmusk @KremlinRussia_E Next up Kim Jong-un.

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Martti Malmi

@marttimalmi

4 years

I think it's time for decentralized social media.

How To Fix Everything That's Wrong With the Internet | HackerNoon

What do Google, Facebook, Youtube, Amazon, Uber and a phone book have in common? They are indexes — searchable lists of stuff. Google is a list of keywords mapped to the websites they appear in....

hackernoon.com

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Martti Malmi

@marttimalmi

3 years

If commodities were traded for BTC on a DEX, could we use the market prices to establish a "basket currency" — a derivative unit of account that is relatively stable and can be used for pricing instead of USD? Its BTC value could be independently verified from the DEX.

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Martti Malmi

@marttimalmi

3 years

In fact, I believe that forcefully interfering in other people's business is wrong in other rooms as well.

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Martti Malmi

@marttimalmi