They might crash the price if they sold the whole stake in one go, sure.
But I predict that modest selling would increase the bitcoin price. Just imagine the hype from the Second Coming of Satoshi. Bitcoin would be front page news in mainstream newspapers for that week.
I broadly agree with you, however: during the classic gold standard years, gold did have a pretty stable purchasing power (as eg measured by your favourite inflation index) in the long run.
However, since the world largely went off the gold standard, the purchasing power of gold has been a lot more volatile.
> they can crash bitcoin whenever is most convenient for them.
I'm not so sure about this. Bitcoin thrives on vibes. The second coming of Satoshi (as evidence by control over his wallets), would surely drive a lot of Bitcoin hype.
I was replying purely to 'Oh really, there was a vote?'
Most places have votes every few years. And the elected representatives can generally make and amend or keep laws. The candidates can also generally make any promises they wish to make, and if the general public wants some specific laws changed, it's often a good idea for candidates to make that a part of their platform. And if people generally don't want a law changed, candidates tend to ignore them. Basic representative democracy stuff.
> A third tweet posted by Jeong in 2014 said, “Are white people genetically predisposed to burn faster in the sun, thus logically being only fit to live underground like groveling goblins.”
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