Catholicism was centralized and led by the pope and Church.
Protestantism was decentralized and preached disintermediation (via “a personal relationship with god”).
Protestantism was decentralized and preached disintermediation (via “a personal relationship with god”).
Over time, Protestantism built up its own institutions, but it’s easier for a new pastor to found a new denomination than to fork the Catholic Church.
That’s part of why Protestantism was initially attractive: it offered a path to power outside the Church hierarchy.
That’s part of why Protestantism was initially attractive: it offered a path to power outside the Church hierarchy.
The theological arguments that justified the disintermediation of the Catholic Church in favor of a “personal relationship with god” led to the Counter-Reformation, the 30 years war, and a huge power struggle.
Please note that I have no personal opinion on this ancient religious dispute!
But there are parallels with Bitcoin in terms of decentralization, disintermediation, and a personal relationship with your money.
Let’s hope we avoid the 30 Years War.
But there are parallels with Bitcoin in terms of decentralization, disintermediation, and a personal relationship with your money.
Let’s hope we avoid the 30 Years War.
