In the ancient times of Passover, it is said that Jesus of Nazareth had disrupted the money changers’ business by driving them out of the holy temple. About two millennia later, Satoshi Nakamoto unleashed Bitcoin to the world when the creator mined the genesis block. The currency came at a time when corruption in the banking industry was becoming apparent just as it had been during the time of Jesus.
Jesus & Satoshi: Allies Against the Money Changers?
He that oppresses the poor to increase his riches, and he that gives to the rich, shall surely come to want.
– Proverbs 22:16
After the economic crisis and subsequent bailouts the ultimate fintech weapon was born. Much like the whips Jesus held and cast the Money Changers out of the temples of Jerusalem, Bitcoin has become a tool of that magnitude. There are multiple events within the Bible in the Old and New Testament describing the awry economic activity at the time. One event in 25 AD is the tale of Jesus Christ banishing the existing financial institutions from the temple – a story that has a significant economic reference to our current times.
But would Jesus support a digital currency like Bitcoin as a tool that helps eradicate today’s “money changers,” i.e. the central bankers from our global economy? Because the digital currency does pose a threat to centralized money forces, there’s a high chance he would advocate of a currency that’s peer-to-peer, decentralized and open source.
When Jesus removed the money changers from the temple, he and the crowd used specific items to help the citizens with the process. He triumphantly wielded whips made of rope smashing the Money Changers tables disrupting their activities just as the permissionless cryptocurrency does.
Similarly, Satoshi also gave us a figurative whip to battle the money changers of our time. The digital currency’s creator invented the code that removed the need for banks and other “money changing” intermediaries.“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” wrote Satoshi after releasing Bitcoin following the economic crash of 2008. The genesis block contained scripture referencing the banking industry bailouts where central banks had printed enough fiat currency to save the money changers of today at the taxpayers’ expense.
In the book of Matthew, it says that many of the church’s bankers were manipulating the economy and colluding together as a monopoly in what Christ called his house of prayer. Matthew 21:12-13 explains the occurrence:
Then Jesus entered the temple and drove out all who were selling and buying in the temple, and he overturned the tables of the Money Changers and the seats of those who sold doves. He said to them, “It is written, ‘My house shall be called a house of prayer’; but you are making it a den of robbers. The blind and the lame came to him in the temple, and he cured them.
In 2008, the bank bailouts brought the economy harm and failure stemming from corruption and insider manipulation of the monetary system. The mortgage fiasco showed a collusion of forces working together with poorly managed assets. Millions of people lost their homes and global economies never truly recovered. During the time of Jesus, these intermediary money changers also acted as banks with the high-priestly families using them to devalue currency against their citizens.
For example, a relative of the Sanhedrin family explained that the money changers engaged in price gouging when selling doves. At the time, these birds were extremely valuable and used for religious trade. The dove price was fixed at a rate the poor could hardly afford, and this angered Jesus. In the Gospel of John verses 2:13 – 16, the scripture explains his disgust:
In the temple courts, he found people selling cattle, sheep and doves, and others sitting at tables exchanging money. So he made a whip out of cords, and drove all from the temple courts, both sheep, and cattle; he scattered the coins of the money changers and overturned their tables. To those who sold doves, he said, ‘Get these out of here! Stop turning my Father’s house into a market!’
Just as it was in the ancient times of Rome, people are starting to see that banking monopolies have a death grip on economic activity. The Money Changers have now consolidated most of the world’s wealth to the top 1% of society creating a class system not unlike the societal structure that existed during the time of Jesus.
Jesus Christ may agree with the nature of Bitcoin and what it offers to the people of the world. If anything, it’s our chance to disrupt the “money changing” practices of the current banking cartel and reduce their parasitic influence on our money system. At the time, Jesus temporarily stopped these changers from devaluing the currencies between Roman and Jewish coin. Following his death, however, the Roman Empire continued to debase their sovereign coin, which resulted in a failing economy, and the empire’s ultimate collapse.
But while Jesus was captured, Satoshi understood the importance of anonymity and disappeared before the authorities could apprehend the creator. In result, Bitcoin remains a viable tool against the financial cronyism of today. Someday Bitcoin could reverse the destruction and havoc inflicted on our global economy from endless money printing and Keynesian economics.
Do you think Jesus would approve of Bitcoin? Let us know in the comments below!
Images courtesy of Pixbay, Crypto-graphics.com, and Wiki Commons