Report: Today's bitcoin economy is similar to Europe in the 16th and 17th centuries

According to AMBCrypto, Tuant Demeester, founding partner of Adamant Capital, compared today's bitcoin economy to Europe in the 16th and 17th centuries in a recent report. The report points out that there are striking similarities between the two time-separated economies, and there are similarities between investor behavioral trends and market sentiment. According to the report, the solution to minimize trust is those that are designed to make theft or fraud extremely difficult. Bitcoin storage is increasingly using multi-signature addresses, which may be a good start for a bigger trend. The researchers also pointed out that there is a similarity between historical annuities issued in Dutch cities and today's IEO tokens. Similar to the way in which an annuity was raised during the Dutch Revolutionary War, Bitfinex, Coin, Fire, and other large exchanges also launched digital assets that showed an annuity profile. The trust expressed by the entity that issues the annuity, although the latter does not guarantee the recovery of the collateral, can now be seen on the basis of the loyal customers of the Bitcoin exchange.