He emerged from a sea of anonymity 2 years ago and now testifies to anyone who will listen and on any platform his views on the world of the blockchain. But don’t mistake that for a complete lack of knowledge.
As an early buyer of Bitcoin (circa 2011), he often is frustrated by the get rich attitudes of a majority of new time investors in the product. His sights are always on the long-term future of his investments.
“Where is the industry going to be for the next 10 years that I can really leverage and provide goods and services to people where I can get paid? That’s the right way to think, not this crazy, ‘I’m gonna be rich six months from now.’ That’s so stupid. It’s a very short-term way to think. And those people almost always get burned.”
But with opinions like “most of ‘blockchain tech’ is smoke and mirrors,” EOS is “a scam,” and BTC “has no reason to exist,” it’s easy to see why this cowboy dressed man (so dressed as a nod to the “Wild West era” of the crypto industry) can so easily irk people. Even his concept on “self-sovereignty” where everyone should work to be as lucky as him and break from the chains of centralized government and jobs with wages rings evangelical in nature, a way of speaking which has always attracted both believers and enemies.
As a coder, Jimmy Song’s journey into blockchain began with a single article about Bitcoin in 2011 and lead to an urge to invest, nearly thwarted by the crash after. But once he started looking into the tech and teaching himself how it worked, he decided not to pull out. Those learned skills turned into a series of side jobs that were bitcoin related. Song not only continued to learn Bitcoin but was being paid Bitcoin at a value of $100 an hour. This quickly turned into $1,000 an hour.
2017 saw the start of his blog, which after a series of publication rejections, landed on Medium as a self-published entity and went viral. Thus began Jimmy Song’s trek into public view. By the end of that year, he was teaching at 3-4k a pop in his own self-made bootcamp.
“It took me a couple months of working up the nerve to go on my own. I knew I know how to teach, how to talk about stuff, how to write. These are skills that employers don’t necessarily value. When you’re an entrepreneur, you have this ability to arbitrage more of your skills. That’s what I found.”
His list of no-gos and hates grows longer all the time. His beliefs range from any alternative coin will eventually fail and is only there as a rent-seeker to centralized power of any kind is bad to anyone with a “regular” job is a wage slave.
Fiat money teaches people to kiss up to the rent-seekers in power, which usually means outsourcing thinking to a centralized authority. This retards creativity and entrepreneurship.
— Jimmy Song (송재준) (@jimmysong) January 8, 2019
Once you give the power of money to the state, you become a slave to the system. Bitcoin is the only money where you don’t give control to someone else.
— Jimmy Song (송재준) (@jimmysong) January 7, 2019
His beliefs have been further cemented by his success. As he would put it, his teaching and evangelism on his faith in Bitcoin have been greatly rewarded so must be true.
While unfailingly polite in person, his online and in video persona is that of someone over boisterous and militant (just like his opinions). A New Year’s Eve tweet made by Song shows no greater example of this.
Bitcoin is the money of enemies, the soundness of the money doesn’t benefit from group hugs. Therefore, calls for unity, civility, a kinder community, etc, are all grossly misguided when it comes to Bitcoin. Such concepts are used to control others’ behavior. #intolerantminority
— Jimmy Song (송재준) (@jimmysong) December 31, 2018
His entanglements through his opinions also grow when confronted with other Bitcoin supporters, the way fights between different sects of the same religion intensify. Such a class went viral last year when in June, a fight was recorded on a cruise between him and Roger Ver was then uploaded to YouTube and even became featured in articles such as “Bitcoin Brawl”.
Although the backlash against him grows, Song’s faith has not been remotely shaken by anyone’s column, debate, or comments. For him, it’s about the future and the sustainability of his life.
“Bitcoin has led me to think more long-term. What am I gonna be like when I’m 80? That matters to me. I think that way in almost all of my life. That’s the way you have civilization building.”
And with the prospect of aging, Song expected bitcoin and his 6 children to see him through til the end.