{"id":"62f463bfadd473673cc22d85","cmsLocaleId":null,"lastPublished":"2024-06-12T02:52:10.847Z","lastUpdated":"2024-06-11T21:33:05.928Z","createdOn":"2022-08-11T02:04:47.458Z","isArchived":false,"isDraft":false,"fieldData":{"selected-date":"2022-08-11T02:05:00.000Z","featured-recipe":false,"layouts":"be6b10efe6901af1e961a83d3ce9750e","excerpt":"Just as the Reformation led to the emergence of religious liberty, bitcoin will increase economic liberty. ","ingredients":"<p id=\"\">On October 31, 1517, Martin Luther nailed a list of demands on the Church of Saints.</p><p id=\"\">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.</p><p id=\"\">For the right price, a person could \"absolve\" themselves or their family members of their sins and ensure their place in heaven.</p><p id=\"\">The church used this influence to grow ever more powerful. (Sound familiar?)</p><p id=\"\">Luther's demands propelled the Reformation and marked the beginning of the separation of church and state. </p><p id=\"\">Fast forward <em id=\"\">precisely</em> 491 years, to October 31, 2008, when Satoshi Nakamoto released the Bitcoin Whitepaper. </p><p id=\"\">The separation of money and state had begun. </p><p id=\"\">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 <a href=\"https://www.swfinstitute.org/news/89070/what-is-the-cantillon-effect-and-why-its-even-more-important-now\" target=\"_blank\" id=\"\">Cantillon Effect</a>) </p><p id=\"\">This system has resulted in an ever increasing inequality of wealth, inflation and socio-economic division. </p><p id=\"\">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.</p><p id=\"\">As we look back on <strong id=\"\">theocracy</strong> as a less enlightened form of government, will we one day look back on <strong id=\"\">fiatocracy</strong> in the same way?</p><p id=\"\">Just as the Reformation led to the emergence of religious liberty, bitcoin will increase economic liberty. </p>","name":"Bitcoin is the separation of money and state. ","slug":"bitcoin-is-the-separation-of-money-and-state","tags-2":["62cf049dccf2ccb564e07774"],"main-image":{"fileId":"62f4669c4ecac41e99f67b40","url":"https://uploads-ssl.webflow.com/62388b098fb64da19337d832/62f4669c4ecac41e99f67b40_kanchanara-9pCV2MB65y8-unsplash.jpg","alt":null},"author-v2":"62cf049dccf2ccf8aae0778f","newsletter-cta-3":"<p id=\"\"><strong id=\"\">Enjoy this content?</strong> <a href=\"https://newsletter.coinbits.app/subscribe\" id=\"\">Subscribe to Bitcoin Roundup</a>, the fastest growing weekly newsletter about bitcoin.</p>"}}