On October 31, 1517, Martin Luther nailed a list of demands on the Church of Saints.

The Catholic Church had grown into an all powerful monopoly of religious and spiritual services. The Pope had complete control of the church and therefore, indirectly, the State.

For the right price, a person could "absolve" themselves or their family members of their sins and ensure their place in heaven.

The church used this influence to grow ever more powerful. (Sound familiar?)

Luther's demands propelled the Reformation and marked the beginning of the separation of church and state. 

Fast forward precisely 491 years, to October 31, 2008, when Satoshi Nakamoto released the Bitcoin Whitepaper. 

The separation of money and state had begun. 

Similar to the disproportionate ability for the wealthy to gain favor with the Church, and therefore the State, in the middle ages, government-controlled money gives an enormous advantage to those who possess generational wealth and political connections. (For more on why, read about the Cantillon Effect) 

This system has resulted in an ever increasing inequality of wealth, inflation and socio-economic division. 

Bitcoin eliminates this type of cronyism by providing a fair, predictable, and auditable monetary policy. One over which no person, politician, or government has any more influence than anybody else.

As we look back on theocracy as a less enlightened form of government, will we one day look back on fiatocracy in the same way?

Just as the Reformation led to the emergence of religious liberty, bitcoin will increase economic liberty.