Martin Luther’s Reformation as a Roadmap for Cryptocurrency?
“Likening cryptocurrency to Martin Luther’s Reformation” wasn’t on our bingo card but it’s a fascinating comparison. And the analogy holds up beyond the surface in this clever Bitcoin Magazine article. As is usually the case with Bitccoin magazine, the whole article is worth your time, but here’s a taste:
Of course, the fastest way to grow a modern army is to be invaded by Russia, but I want to share some lessons from one of the most successful examples of decentralized resistance the world has ever seen.
A movement born in the wake of a disruptive communications technology that allowed information to be copied and spread at an unimaginable speed.
An innovation created to overcome the corruption and inefficiency of institutions which had outlived their usefulness.
An idea which survived all onslaughts, from brutal internal persecution to decades of continental war.
I’m not talking about Bitcoin.
I want to share seven lessons we can learn from late-medieval Bitcoiners who went through a similar Reformation:
1. It is the end of the world.
2. Copy everything.
3. Make it local for plebs.
4. OPSEC matters.
5. Create your own ecosystem.
6. Open-source it.
7. Die on this hill.