BTS: Revisiting the ‘buy $1 worth of Bitcoin’ video 10 years later

Ezra Reguerra19 hours agoBTS: Revisiting the ‘buy $1 worth of Bitcoin’ video 10 years laterDavinci Jeremie believes that while many people missed out on the opportunity to buy Bitcoin 10 years ago, it’s not too late to get into crypto.8690 Total views3 Total sharesListen to article 0:00InterviewJoin us on social networksCrypto advocate Davinci Jeremie expected to become a hero to his community after talking about Bitcoin (BTC) 10 years ago and why people should buy at least $1 worth of it, but things did not turn out as he expected. 

In an interview with Cointelegraph, Jeremie shared the story of how he found Bitcoin, what his community thought about it back then, and what he thinks would help onboard more people into Bitcoin.Crypto influencer Davinci Jeremie on a call with Cointelegraph reporter Ezra Reguerra. Source: Cointelegraph

According to the crypto influencer, it all started over 10 years ago, when a member of his community told him about BTC and asked him to have a look at it. At first glance, Jeremie, who is also a software developer, believed that it was a scam given th the double-spending problem was “considered to be not solvable.” He explained: “I said, ‘Okay, I"m gonna read the source code since I’m a software developer and tell you how it’s a big scam.’ I read the source code, read the white paper and realized, oh no, this is not a scam.”

After determining that BTC may be the solution to a huge problem in the monetary system, he made what became a trending video, asking his community to purchase at least $1 worth of BTC. However, what happened was a bit different that what he expected. He expected his community to be grateful for the information he shared, but they did not respond the way he thought they would.

“Once in a while, something comes along that makes poor people rich because they got it really, really cheap. This was one of them. I thought I was gonna be the hero to my community, but no, they thought I was crazy. They actually thought I was losing my mind,” he said.

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While people may have missed out on the opportunity to buy BTC at that price, Jeremie believes it’s not too late to get into crypto. According to the influencer, only 2% of the population currently holds Bitcoin and Ether (ETH). However, a problem is that people want to have an entire coin, according to Jeremie, who said:“Everybody wants to have a whole Bitcoin. Nobody wants to go into a store and say, ‘Can I get 1/100,000,000th of an apple?’ They want the whole thing. So, although Bitcoin is divisible, the divisibility is part of its Achilles heel.”

The developer suggested that it may be optimal to have a satoshi-based Bitcoin wallet that shows balances differently. The software developer believes showing people that “for a whole dollar, you could get a few hundred thousand Bitcoin satoshis” could potentially attract more people. “It’s not as appealing to have that decimal spaces than a whole Bitcoin,” he added.

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