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

While crypto advocate Davinci Jeremie expected to become a hero to his community after talking about Bitcoin (BTC) and why they should buy at least $1 worth of it 10 years ago, things did not turn out as he expected. 

In an interview with Cointelegraph, Jeremie shared the story of how he found Bitcoin (BTC), what his community thought about it back then, and what he thinks would help onboard more people into Bitcoin.

Crypto influencer Davinci Jeremie in 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 since 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.’ Read the source code, read the white paper and realized: Oh, no. This is not a scam.”

After learning about it and realizing that BTC may be the solution to a huge problem in the monetary system, he made the trending video, asking his community to purchase at least $1 worth of BTC. However, his expectations were a bit different from what happened. While he expected his community to be grateful for the information he shared, 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 missed out a lot on that opportunity to buy BTC at that price, Jeremie believes that it’s not too late to get into crypto. According to the influencer, only 2% of the population currently hold Bitcoin and Ether (ETH). However, the problem is that people want to have the whole thing. He explained:

“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 visibility is part of its Achilles heel.”

The developer suggested that it may be optimal to have a Satoshi-based Bitcoin wallet that shows the balances differently. The software developer believes that showing people that “for a whole dollar you could get a few 100,000 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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