We found the original Bitcoin Rambo guy – Cointelegraph Magazine


Jay is Bitcoin OG, he created memes by buying Lamborghini using cryptocurrency. Due to the early mining of Bitcoin, he changed from a poor-level life to enjoying a well-off lifestyle in a gated community-but not without worrying about the safety of his family.

Since BTC broke the $1,000 milestone for the first time in December 2013, Alan Greenspan, former chairman of the Federal Reserve Board, stated that Bitcoin cannot actually be used to buy anything of value.

At that time, Jay (pseudonym), who was in his early 30s, with the help of his wife who was also a Bitcoin enthusiast, bought something believed to be the original for nearly 217 BTC Bitcoin Lamborghini in Lamborghini Newport Beach Dealer.Then he provides evidence On the anonymous image board 4chan.

This proves that Bitcoin has real value-who will accept Lamborghini’s fake money? A meme was born, and it launched 1 million other memes.

“As a person, it’s a bit overwhelming-I created a meme.”

As a typical Bitcoin OG, Jay started his own work around 2010. Although he was penniless and supported his family with a very low income in Southeast Asia, he eventually set up 20 GPUs, resulting in an electricity bill that was six times his rent.

Purchased Lambo with Bitcoin in 2013.

“I’m really poor-I earn $8,500 a year while raising a family, and babies spend money. I used to have business and savings, but going to college and starting a family made me almost $0,” he was puzzled. Recalled.

“It’s very difficult to hold Bitcoin when you eat pasta and do everything the fuck and spend what you have on computers and miners. But I have this belief and I know this is changing world.”

Today, Jie lives with his wife, three children and three dogs in a gated community in a small city in Southeast Asia with a population of less than 100,000. One of them is a professionally trained and majestic watchdog. Suspected it was ready to tear my face off when I visited the order.

His home actually consists of two houses on two streets, carefully connected in the middle to create a low-key appearance. The front garage contains “normal” luxury cars, while the rear garage contains Bitcoin Lamborghini 2.0.

“Sadly, because I was very close to $0 and had children, I had to sell so many BTC so early because I wanted some safety net. If I had no family, my net worth could increase by at least one zero— But this is a paradox, because my family is the reason I do this.”

Rambo Convention
Bitcoin Rambo, Texas at the CryptoWomen gathering in 2014. Provided.

Wealth worries

Jay Chou’s wealth coronation 1,000 BTC Casascius “Physical Bitcoin” gold coin Only a few of them exist. In fact, it is the most valuable coin in the world, with a face value of approximately 60 million U.S. dollars, and a collector’s premium of up to several million U.S. dollars.

That’s how we met because I acted as a broker for these rare items and wrote Encyclopedia of physical bitcoin and cryptocurrenciesHowever, for Jay, owning such tokens can be stressful, “If someone lets me hold tens of millions of dollars in valid bearer bonds.” These coins are held in a prescribed amount under a tamper-proof label. Bitcoin’s private keys make them comparable to bearer bonds, gold or cash.

Jay said that this privilege is “difficult to deal with” on the family side. Living in a country where there is a disparity between the rich and the poor, he explained that money can be used metaphorically to build a larger wall to separate himself from the masses, or a larger table can be used to bring them to him. “To be honest, I have to do both, but I want to build a bigger table,” he said. He felt that he was facing very real threats, including family members being kidnapped by international criminals.

“I have had disputes with some Russian oligarchs in the past, but I think I am not the target now.”

Casasius coin
A Casascius coin filled with 1,000 BTC, purchased by Jay for $5,000

Still, it’s hard to put worry or paranoia aside-Jay thinks this mentality is natural for him. One late night, while we were enjoying beer and burgers in the town, Jay suddenly found a car wandering near his Lamborghini, and his happiness suddenly turned into keen attention. “It’s been more than 30 seconds,” he said, still looking nervous after the car drove away. “They might just be admiring this car-but what if?” He was obviously disturbed.

Trigger

Jie described the normal childhood of an ordinary lower-middle class family in the American Midwest. Sometimes money is tight, but basic needs are met, and the school is okay. He is good at geography, which is natural for him, no need to learn.

He started working at the age of 12, binding large boxes together in a warehouse owned by a family friend. The job is repetitive, and hiring such a small child is actually illegal, but Jay is there willingly and feels that he has gained valuable perspective from his interactions with business owners at such a young age.

After graduating from high school, Jie went to a university near his home to study international relations and computer engineering. However, his disillusionment was disillusioned, thinking that “a lot of what the university taught me is nonsense”, and the main purpose is to make him “a good wage slave.” When he was studying currency, “I was shocked that fiat currency has no basis-it is debt.” He dropped out of school to run his own book sales business and later sold it to a company that was later acquired by Amazon.

“Aware that the financial system and money are nonsense, which prompted me to drop out of American college and do my own thing.”

Jay Chou used the money to travel and went to Mongolia first. He felt that this might be a “missed gem” and might contain economic opportunities. Later in Kazakhstan, he spent some time with a team that “trained golden eagles to hunt wolves”. He heard other passing travelers speak highly of Southeast Asia-he later archived this knowledge. His money ran out, and he quickly returned to the United States, where he found some success in trading oil futures at home.

“When the tsunami hit Southeast Asia on Boxing Day in 2004, I realized that sitting there and talking nonsense and doing nothing is bad, so I jumped on the plane to help.”

Jie decided to stay and study at a local university, this time choosing to study business administration. After graduating and falling into financial trouble for many years, he saw the Bitcoin white paper on the infamous Cypherpunks mailing list in 2010, which was discussed in the early days of cryptocurrency. He had read a book on cryptography before—he likes to read—and this project caught his attention. He thought it was great, “but I think the possibility of it becoming a global currency is very small-it’s crazy.”

The biggest attraction is not money, but the idea of ​​”this breaks the censorship”. He recalled that some people put Bible verses into the blockchain very early-forever indelible. With Bitcoin, anyone can write freely on the wall of eternity.

Celebrate Bitcoin’s breakthrough of $100 on April 1, 2013. Provided.

Bitcointalk forum

In the early 2010s, the Bitcointalk forum was an interesting place, when Jay remembered a group of seemingly “random people with random ideas.” Bitcoin was primarily an intellectual pursuit at the time. It attracted socialists and communists, as well as liberals who were more related to the history of the movement.

One of the ideas discussed at the time included canceling and reissuing coins after an address has been idle for two to five years, while others suggested that mining rewards could be adjusted according to personal needs or national income. Because there is no definite value, the idea of ​​Bitcoin is considered to be very malleable and not necessarily static-it can be anything.

Jay was confused by some words. “I didn’t know much about philosophy at the time, so I didn’t really understand what the leftists saw in this idea,” he recalled.

Forum culture evolves with the wave of discussions and news reports of new users paying attention to Bitcoin. There is a loose “core group”, they consider each other in the project; “From time to time, some new people will join and some will leave.” However, this culture becomes more toxic.

Although he first believed that this toxicity was due to the “Wild West culture” that naturally formed during the gold rush, Jie pointed out that people in the contemporary WallStreetBets community “seem to be very polite and enthusiastic.” He added that although he “does not want to Speak ill of anyone”, but he assigned some cultural responsibilities to the management of the Bitcointalk forum.

“I think the leadership of the community helps shape it. The people who run Bitcointalk are very inexperienced and almost fall into this role-I wonder if it will be different.”

In contrast, the early Ethereum community seemed more friendly at the time, which may be due to Vitalik Buterin’s work as a visible community leader. Buterin contacted Jay during the launch of Ethereum, but Jay was unmoved.

“I told Vitalik via Skype that Ethereum will fail because it is too centralized.”

Despite fears, Jay owns some Ethereum and is not a Bitcoin extremist like some of his peers.

“No one should have the key to the Internet. It should be based entirely on mathematics, because it can,” he explained, referring to what he believes is unnecessary centralization and dependence on characters in the Ethereum community.

Future direction

Jay is already a senior. Less than ten years after he stumbled upon Bitcoin, he was cautious about new developments, calling DeFi “absolutely risky” because the leadership of certain projects has the power to unilaterally control your funds. risks of. He has similar views on NFTs, saying that “99% of them will become worthless, but some may become cult classics.” This idea was particularly prominent in the 2017 ICO boom.

To sum up, Jay Chou’s life is very good, focusing on his family, but there is also a kind of anxiety-his anxiety has nothing to do with personal safety.

Like many people who achieve their goals, he has everything he dreams of, but considering that he feels that he has enough financial means to feed his offspring to the fourth generation, it is not clear what he should do next. One thing is certain-he is not looking for fame. “I really don’t want this article to appear there, but I think it’s fair overall and should tell the story,” he said.

“My goal has been achieved, what should I do? I have achieved my goal in life, but I am not dead yet, so I must do something. I don’t know what it is–but there is something…”



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