BTS: Revisiting ‘Buy $1 Worth of Bitcoin’ Video 10 Years Later

While crypto advocate Davinci Jeremy was expected to be a hero to his community after talking about bitcoin (BTC) and why he should buy it at least $1 worth of it 10 years ago, things haven’t turned out the way he expected. There was hope.

In an interview with Cointelegraph, Jeremy shares the story of how he found bitcoin (BTC), what his community thought about it at the time, and what he thinks will help more people get involved in bitcoin. .

According to the crypto influencer, it all started 10 years ago, when a member of his community told him about BTC and asked him to look into it. At first glance, Jeremy, who is also a software developer, believed it was a scam because the double spending problem was “not considered solvable.” he explained:

“I said: ‘Okay, I’ll read the source code because I’m a software developer, and tell you what a big scam it is.’ Read the source code, read the white paper and realized: Oh, no. It’s not a forgery.”

After learning about it and realizing that BTC could be a solution to a major problem in the monetary system, he said made Trending video asking his community to buy at least $1 worth of BTC. However, what happened turned out to be somewhat different from their expectations. Although he expected his community to be grateful for the information he shared, they didn’t respond the way he expected.

“Sometimes, something comes along that makes poor people rich because they get it really cheap. This was one of them. I thought I would be a hero to my community, but no, they thought I was crazy. They really thought I was losing my mind,” he said.

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While people missed the opportunity to buy BTC at that price, Jeremy believes it is not too late to get into crypto. According to the influencer, bitcoin and ether (ETH) are currently owned by only 2% of the population. However, the problem is that people want to have everything. he explained:

“Everyone wants the perfect bitcoin. Nobody wants to walk into a shop and say: ‘Can I have 1/100,000,000th of an apple?’ They want the whole thing. So, although bitcoin is divisible, visibility is part of its weakness.”

The developer suggested that it might be optimal to have a Satoshi-based bitcoin wallet that shows balances differently. The software developer believes that showing people that “you can get some 100,000 bitcoin satoshis for a whole dollar” could potentially attract more people. “Having that one decimal place compared to the whole of bitcoin is not that attractive,” he said.

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