Bitcoin News

The first developer trusted by Satoshi on the Bitcoin project is back

The first developer who was lucky enough to gain the trust of Satoshi and help with the Bitcoin project in its early days is back again and this time he has a big idea. He aims to decentralize the web and has joined a team of developers who by use of Identifi (an online reputation system) and GUN (a decentralized database) are set to launch a cryptocurrency by the name AXE which will fuel the adoption of the platform.

Martti ‘Sirius’ Malmi was the first developer alongside Satoshi to work on the Bitcoin project back in 2009. Then as an amateur college developer, he played a crucial role in bitcoin’s early days and even succeeded to develop a bit of friendship with the anonymous Satoshi Nakatomo. This earned him the trust of Satoshi and he was even given admin access to the website. Most of the changes that were seen in BTC second code release can be attributed to him.

A few years later, just like Satoshi, Malmi left the Bitcoin project after coming to the conclusion that platform didn’t need him anymore.

Speaking to CoinDesk he says:

“I felt like bitcoin had already gone from zero to one, so to say. It was already up and running with a growing community and had lots of great developers working on it.”

In 2014, he started Identifi, a platform with a decentralized architecture which didn’t include a cryptocurrency at the beginning. But as he worked on the project with the sole aim of reducing the control of web giants like Facebook and Google he realized he needed to do something that hadn’t been tried before and to achieve this he needs something that would incentivize people to use the platform; this is how AXE was born.

“Most of the giant online businesses, such as Google, Facebook, eBay or Airbnb are basically centralized indexes – searchable lists of stuff. If we want to disrupt them, we need decentralized indexing.”

Whether Malmi will be able to decentralize the web remains to be seen but judging from his past work we have every reason to be optimistic about the outcome.

What is your take on the Identifi project? Share your thoughts in the comment section below.


Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

Leave a Comment

Your e-mail address will not be published. Required fields are marked *