Church of Christ - Revelation 5:10

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Revelation 5:10: "And hast made us unto our God kings and priests: and we shall reign on the earth."
Problem:: It is argued that since the redeemed saints say thou hast made us kings and priests, therefore the kingdom must have been established at the time of writing (i.e., A.D. 96).
Solution:

The interpretation outlined in the problem rests on a mistaken inference. The kingdom must be established at the time the saints are said to sing the song. This time must be future to A.D. 96 since the events of the revelation are expressly stated to be "things which must shortly come to pass." (Rev. 1:1).
Since those who "are alive and remain" will not precede those who are dead (1 Thess. 4:15), the redeemed can only sing the song after the resurrection at the last day - i.e., the day of Christ's return and establishment of his kingdom. (2 Tim. 4:1; cf. Matt. 25:31,34,46).