October 31 is becoming a red letter day for societal and monetary revolution

Most people equate October 31st each year as the celebration of Halloween, however there are two other interesting events that occurred on this day... one 500 years ago and the other just nine years ago, that both carried the potential for societal and monetary revolution.

500 years ago yesterday a Monk from a Catholic Order became fed up with the corruption of the church and sought to protest what he saw by nailing '95 Thesis' to the local church door.  This action, coupled with the advent of the Printing Press just a few decades earlier, sparked a revolution that would change the face of Europe forever, and bring about the rise individual freedoms and of the Age of Reason.

500 years ago to the day, on October 31, 1517, a German monk of the Augustinian order named Martin Luther sent a letter to his Archbishop expressing concern about certain practices of Church officials.

In Luther’s era it had become typical for clergymen to sell ‘indulgences’ to anyone who wanted to be pardoned for sins.

Martin Luther felt this practice was a terrible affront to Christian doctrine, so he sent a letter up the chain of command outlining 95 logical points in his argument.

And as a result, this letter would come to be responsible for kicking off one of the most important social transformations in all of human history, what we now call the Protestant Reformation.

The Reformation was ultimately about rejection of central authority… specifically, the Church.
By the 1500s the Church had firmly cemented its influence over nearly every aspect of life– commerce, politics, economics, family affairs, war, social trends, etc.

At the core of the Church’s power was its theological monopoly.

Underpinning this entire revolution was relatively new game-changing technology– the movable-type printing press.

Suddenly there was no more middle man standing between an individual and his relationship with a higher power– it was the ultimate in decentralization.
— Sovereign Man

At that time the Printing Press was as revolutionary to mankind as another innovation would become five centuries later.  And now with the internet acting as a beacon of light to nearly all the world the same way mass production of written knowledge became in Martin Luther's era, that technology is being used to invoke a new and powerful tool for de-centralization.

Cryptocurrencies and the Blockchain.

Martin Luther King Bitcoin.jpg

As with the anniversary of Martin Luther's rebellious act against the church, October 31 is also the anniversary of Satoshi Nakamoto's famous White Paper on creating a de-centralized monetary system.  And this Oct. 31 marks the ninth year since that historic Paper was published at the height of the Financial Crisis, and in less than a decade it is sparking its own revolution among peoples and governments.

Bitcoin is celebrating its ninth anniversary on Tuesday. On this day in 2008, an unknown person with the alias Satoshi Nakamoto announced the creation of the bitcoin “Peer-to-Peer Electronic Cash System.”

At the very beginning, bitcoin had no value at all until March 2010 when it was worth $0.003. Now, one coin is worth over $6,000, and its market capitalization is greater than Goldman Sachs, Bayer or UPS. For an early investor, $1 in bitcoin nine years ago is worth over $2,000,000 today.
— The Daily Economist

Money has always been the source of power for governments and institutions seeking to gain authority and control over masses of people.  And whether it was through a written word, or a digital idea, the foundation for breaking tyrannical control always began with attacking the tyrant's pocketbook.

In this age where technology and innovation multiplies in terms of months rather than centuries, it will not take hundreds of years for Bitcoin or the Blockchain to invoke change at every level of society like it did for Martin Luther's ideas to spread across Europe.  And with this in mind, the world will not have to wait long to see changes manifest before their eyes, and where many will even live to see these changes usher humanity into a similar paradigm shift like we experienced 500 years ago.