Consider what happened in India on November 8, 2016. In a sudden evening broadcast, the government announced that 500 and 1,000 rupee notes would cease to be legal tender at midnight. Overnight, millions of physical bills stored in homes across the country became worthless paper unless they were deposited into the banking system. Mass panic ensued as people stood in lines for days just to convert their life savings. A single decision from the authority controlling the ledger reshaped an entire economy overnight.
Definitely the longest and educative post I have read in a while. I have to qoute this part because it reminds me of similar event that happened in Nigeria few years ago. I think it was 2022 when government announced new naira redesign for the 200, 500 and 1000 naira notes. About 45 days was given as a deadline to get rid of the old naira notes else, they become useless. Banks became operational more than their usual operation hours just to accommodate a large number of people that want to deposit their cash (old naira) but couldn't meet up at all. Extension upon extension on the deadline until the government announced that both new notes and old notes can be use simultaneously until further notice.
They made people panic day and night to get rid of the old notes suddenly and then decided to change their mind later. They toy with people's emotion because they control the value while people control just a piece of paper that government can render useless with a single broadcast.
Imagine you're holding bitcoin during that period. You will be laughing at people running up and down to meet up with government new policy. Now we know, if you don't control the ledger, you're just holding a piece of paper with no value unless the authority adds value to it. With Bitcoin, you don't need any central authority to act on your behalf determining the value for you.
Satoshi created bitcoin and as the creator he acquired some btc. He has money and he has other things he is doing to fetch him money. That is why has not touched his main investment. Satoshi has another regular investment wallet where transactions flow daily. So there is no need for him to touch his long-term investment wallet.
You sound so confident as if you can prove what you just said.
