Tuur Demeester has written a fantastic piece in which he draws several parallels between bitcoin and the Dutch Protestant Reformation. He is an American Belgian researcher and co-owner of Adamant Capital. In this article we provide a summary of his 13-page report.
Despite this summary, we recommend that you read his report. The work is entitled The Bitcoin Reformation and is free to read and definitely worth it.
The main proposition of The Bitcoin Reformation is that there are four fundamental similarities between the Protestant Reformation and the present time. These agreements are aimed at upcoming radical social and economic changes. One of those similarities is that there was a fight going on in the 16th and 17th centuries to separate the church from the state. Bitcoin is the fight to separate the creation of money from the state.
The report also examines the similarities between the innovative economy of the 17th-century Netherlands and the bitcoin economy.
Demeester also deals with memes and slogans.
Protestants used:
Use bitcoiners:
Demeester also delves into deposit banking by the Netherlands of the world-famous Amsterdam Exchange Bank. In that regard, the impact of bitcoin is just as great innovation because blockchain ensures that you no longer need a trusted third party.
The first IPO in the world was that of the VOC. The shares were so liquid and desirable that they were widely used as collateral. Bitcoin has similar characteristics and can therefore form the basic collateral for borrowing and derivatives markets.
He concludes his report with the following words:
Every now and then all puzzle pieces fall together, creating a chain reaction that radically reforms society. This happened 500 years ago and it can happen again now.
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