Bitcoin Developer Martti Malmi Proposes ’Bitcoin Mossad’ to Protect OG Holders Amid Hyperbitcoinization Risk

Martti ’Sirius’ Malmi, renowned as Satoshi Nakamoto’s first collaborator and an early Bitcoin developer, has suggested the creation of a ’Bitcoin Mossad’—a security-focused organization dedicated to protecting long-term Bitcoin holders. This proposal arises amid discussions about ’hyperbitcoinization,’ a theoretical scenario where Bitcoin achieves widespread mainstream adoption, potentially making early holders attractive targets for theft or attack. Malmi specifically pointed to El Salvador, which has already adopted Bitcoin as legal tender, as a potential host for this organization. The idea stems from comments by Jesse Posner, Vora co-founder, who warned that hyperbitcoinization would leave early Bitcoin investors as ’the world’s juiciest targets.’ Security industry leaders, like Alex Stanczyk from Swan Bitcoin, have responded with caution, emphasizing that security firms should not create false expectations among clients regarding protection. This discussion highlights growing community concerns about asset security as Bitcoin’s prominence rises. The proposal also suggests the maturation of the Bitcoin ecosystem, with increased attention on safeguarding holdings as adoption rates grow. For crypto traders, this could indicate a potential increased focus on custodial solutions, insurance, and overall security practices in the industry.