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With a PoD around 1520, is it possible to have Franz von Sickingen successfully lead a Knights' Revolt that is joined by the Peasants' Revolt, creating a formidable fighting force of professional knights and hundreds of thousands of cannon fodder soldiers?

I'm thinking that, the series of events that would radicalize this movement into an all out revolt would take at least two years (assuming a 1524 start) and would likely result in an abolition of serfdom (if it is actually revolutionary and if the knights want to make sure that the peasants don't decide that the knights are unneeded) and the creation of a more centralized Holy Roman Empire under a German-speaking, Protestant government (despite the Emperor's Catholicism, if he stays in power at all). I believe that this would cause the peripheral territories that don't fit this German, Protestant mold to seek independence or at least great amounts of autonomy. What affect would the Netherlands (including Belgium), Bohemia, and Austria being independent at this time have on European history? What would change having such a strong state in Central Europe with quite revolutionary ideals (Martin Luther is still around and came in opposition of the church less than a decade earlier)?
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