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Supermoon Station met with Davinci Jeremie, a crypto influencer who told everyone to buy Bitcoin in 2013 when it was only $1 for an exclusive interview.
After the 2008 financial crisis Davinci started educating himself around money and financial structures discovering that our monetary system is a fraud against the world. Noting the inevitable collapse of this fraud, he ventured into broad conversations on his YouTube channel around gold and silver to begin. In 2011, Davinci believed Bitcoin to also be a scam, “how does a digital asset exist without knowing that somebody else has taken a copy and sent it to somebody else?”
Upon realizing Satoshi Nakamoto solved that problem, Davinci pondered the thought “every once in a while, something comes along that makes poor people rich because they bought it really cheap a long time ago and this is one of them”.
Our properties' high prices aren't due to a surge in buyers, it's due to the fact that you could go to the bank and print money to buy a house. As a result, you can print money to purchase the house, however obviously, prices will rise beyond the means of the average person, “because of that our house prices, have been inflated to incredible amounts, and the real value once the system stops working because it will stop working is what somebody can save, work hard, and pay for in cash. That is the real value of a house”. Davinici predicted house prices to fall and be true once Bitcoin becomes the money.
Supermoon station interviewed Davinci on the speculation around Bitcoin as a deflationary currency and the potentially serious impact it could have on the economy. America was actually in a deflationary economy up until the Federal Reserve in its existence. Davinci relayed “we managed our system fine with a depreciating currency all up until 1913 because the reason why is because humans adapt”.
In agreement with many crypto advocates Davinci stated the biggest problem Bitcoin solves is the government for example the United States healthcare and education system “In fact I got worldwide health insurance except in the United States because it's too expensive. There is a clear pattern of government's involvement in developments leading to higher prices. The worst thing they messed up is that with our current system, they can print money and go to war and there's no consequence for them to do so”. That's the main thing Bitcoin solves in the future, wiping out all governments.
Davinci sees the ideal future situation as a free market economy where there is zero income tax, “But I don't mind governments taking a tax on, for example, consumption, and that would be the ideal way to organize both the government revenue and also taxes, also freedom”.
Davinci being Canadian spoke us through why the government is going so strict with crypto regulations there, for example, in Ontario people can’t register for Binance, “Perhaps because they see the writing on the wall like for example, in what was called funding, freezing funding from Go Fund Me and other places and banks, their bank accounts even went around with cryptocurrencies”. Davinci and the Supermoon community will continue to dismiss the noise around governments banning crypto, they may slow it down but there's no stopping it.
On the foundations for how a decentralized community would work regarding giving power to ordinary individuals on political or economic decisions could be an issue. Davinci reckons “yes, that's all possible once crypto is mainstream and everybody's using it directly, then we can have strict voting absolute where we know exactly who voted, but not that an actual person did vote”.
While there is still room for improvement within the Bitcoin space with friction arising among potential adopters. When we look at past failings of global monetary systems for example, in Turkey and Venezuela governments took personal assets and then converted them to the local currency, this is Davinci’s prediction for cryptocurrencies noting the importance of taking ownership of your crypto now.
As we are still in the relatively early stage of blockchain it is possible we will face more painful lessons in order to understand how to secure our personal investments and savings. Davinci finds some dangers while entering the cryptocurrency space with the possibility of a person’s NFTs and crypto being stolen through scams around NFT drops.
Aspects such as that is where self-education is of importance before people get into the NFT and cryptocurrency space. With low privacy functionality on blockchain, educating newcomers is a high priority for Supermoon Camp enabling the longevity of the growing crypto community. Developers are going to have to incorporate higher security measures in the near future “I hope to see wallets that implement some of the security features of Bitcoin and with the new upgrades to Bitcoin Protocol, Schnorr Signatures and Taproot, that will be infinitely more difficult to hack”.
On analysis of Ethereum moving to proof of work, Davinci sees this as a waste of resources, “they don't need it because proof of work is only for systems that prevent government action to make changes, to prevent past history of the blockchain. And we've already seen that happen where there was a big problem back in the early days of Arrium. The government said, hey, you got to fix this. And they fixed it by giving out a new piece of software, since they can do that, why are they doing proof of work”. Proof of work was meant to prevent that from happening therefore not in the best interest of Ethereum.
With rising concerns in the community around environmental issues caused by proof of work, Davinci disagrees, seeing added value through innovation and less impact than the financial sector. Bitcoin uses the cleanest energy out there because miners have a high incentive to lower their energy costs, “getting the energy from a volcano or digging deep in the ground and getting the heat from the earth itself or turbines, and solar, where it's cheap bitcoin's there because, the less you have to pay in energy, the more you make in Bitcoin''. Bitcoin is also advancing environmental research and development with the number of people incentivized by clean energy growing.
Worldwide governments have been issuing carbon credits, which Davinci has little faith in their ability to solve global warming through yet another taxation scheme, “This is nonsense, let the free market solve this problem they always will do a better job”. For newcomers Davinci recommends doing your own research and learning while diving into the cryptocurrency space, for example, Bitcoin basics his educational series. To begin the crypto journey Davinci recommends the book “The Bitcoin Standard” to new and experienced crypto enthusiasts. Davinci introduced Supermoon Station to his latest venture NFTShill, a new website that supports both creators and collectors, enabling users to collect and list their NFTs for free where people can browse the NFT artwork and then be a part of that to help build your community.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.