A historically independent state, Texas has continued to accept Bitcoin and has become an innovative leader unlike the rest of the United States.
This is an editorial by James Collins, a financial expert with experience across asset classes.
“We encourage it and move it forward. But I would say we provide a platform … to make sure that people involved with Bitcoin have a place to come.”
the words above Speech by Texas Governor Greg Abbott It’s a stark reminder of the sheer power hidden in Bitcoin’s various components, and how the system organically steers states and nations into the realm of civic independence and ethical and fiduciary responsibility. Make it possible.
A fusion of the American spirit.”I heard gunshots all over the world“1775 and”Remember the Alamo“In 1836, Texas,”blocks heard around the worldThis is my analysis of the characteristics of Texas, the impact of historical events, and how Texas can gain full sovereignty through Bitcoin.
Lonely Star State
Texas is one of the union’s most attractive states. The Texas Revolution said,come get itBold and outnumbered, Texas rebel groups Battle of San Jacinto There has always been a free spirit in the state to claim Texas independence.
Texas then became the Republic of Texas and elected Sam Houston as president. first president They proudly represent their country with the Lone Star flag.To 1846Texas was annexed to the United States and used as a beachhead for the western expansion of the United States, Treaty of Guadalupe Hidalgo And the United States paid Mexico $15 million for most of its western territories. Texas later secedes from the United States. 1861 He sided with the Confederate Army during the Civil War.
Abraham Lincoln was clearly under financial pressure when trying to fight for Southern independence.a Presumably a quote from Lincoln I might have described his feelings as follows.
To address these issues, Lincoln credit based money in dollars to pay for the war. In short, this brief history lesson points out two things about him:
- Polarization between states (in this case industrialists in the North and farmers in the South) can lead to events (i.e. Civil War) that affect all states adversely.
- For states seeking to act more independently of the federal government, private issuance of currency is a thorny issue and can lead to centralization.
So, in a time when the state’s ideology is collapsing, is Texas poised to embrace new neutral and peaceful ways of expressing its independent spirit and desire to preserve the prosperity of its citizens? do you want?
era of self-sovereignty
Thanks to Bitcoin, the era of individual self-sovereignty is upon us, and that could mean the emergence of ways to solidify and express the rights of nations.
Texas has a history of promoting independence and individual freedom. That spirit forms the perfect peanut butter and jelly combination with Bitcoin’s open and permissionless decentralized currency protocol. As such, Texas appears most poised to absorb the economic realities promised by such a financial network. This means that you cannot intervene in a forceful way between users and their money, and if threatened, you will see these users pick up and leave. increase. The state’s acceptance of this economic change bitcoin mining in Texas, House Bill 1576 and current plans Embassy of El Salvador in Texas.
In addition, Texas largest energy producer in the United States. This advantage is very significant, as seen in the influx and continued growth of Bitcoin he mining in states after the 2021 Chinese mining ban. Possibility of using Bitcoin as a treasury reserve asset to leverage guaranteed decoupling from a volatile world and drive local infrastructure development and upgrades to continue bitcoin mining in the near future. there is. The results of these actions will flow into other state economic sectors, significantly increasing benefits to citizens and further increasing the immigration interest of the productive state population.
In conclusion, throughout history nations have been dragged into devastating wars. This is at least partly because we are unable to run our national economy as we see fit. The ability of every state to make decisions that best serve its citizens depends on its ability to control its economic destiny, starting with money.
Bitcoin has thrived in the spirit of Texas since its inception, and its continued prosperity has given Texas the ultimate hedge. America can dominate in the 21st century. At worst, they can eventually separate and form the northern boundary of the vast orange economic bloc. From all over Latin America to El Salvador. Through its historic spirit of independence and self-reliance, Texas has thrived with Bitcoin’s open, permissionless, decentralized currency network. The further penetration of Bitcoin into all aspects of the Texas economy will allow Bitcoin to stand proudly as a beacon of financial freedom at a time when humanity needs it most.
This is a guest post by James Collins. Opinions expressed are entirely his own and do not necessarily reflect those of his BTC Inc or Bitcoin Magazine.