• Texas has always had a spirit of freedom, which was most notably demonstrated during the Texan Revolution and their secession from the United States.
• Abraham Lincoln attempted to wrangle southern independence by issuing credit-based money in the greenback to finance war spending.
• Through Bitcoin, Texas can become completely sovereign and independent with its own monetary system.
Texas’ Pursuit of Freedom
The Lone Star State of Texas has always had a spirit of freedom and independence that dates back to the Texas Revolution’s use of the “come and take it” flag when an emboldened group of rebels won the Battle of San Jacinto to gain independence. This led to them becoming the Republic of Texas with Sam Houston as its first president, proudly flying their own Lone Star flag representing independence. By 1846, Texas was annexed by the United States and became a beachhead for westward expansion culminating in the Treaty of Guadalupe-Hidalgo where Mexico received $15 million for large portions of western territory. In 1861, Texas seceded from the Union and sided with the Confederacy during Civil War.
Lincoln’s Monetary Challenge
Abraham Lincoln faced monetary duress as he sought southern independence during his tenure as President. According to one quote attributed to him, he had two great enemies: The Southern Army in front of him and bankers in the rear – among them being his greatest foe. To address this issue, Lincoln issued credit-based money in greenbacks to finance war spending showing how polarization between states can lead to negative events that affect all states involved negatively.
Texas Governor Greg Abbott on Bitcoin
More recently, words spoken by Texas Governor Greg Abbott are a clear reminder that there is power hidden within various components of Bitcoin that allow systems such as states or nations to obtain state sovereignty through mathematical sovereignty thanks to what is referred to as “the block heard around the world”. He stated: “We encourage it, we advance it. But I would say we provide the platform … for those involved in Bitcoin to make sure they have a place to come to.”
Bitcoin Empowering Sovereignty
Bitcoin has provided an opportunity for countries or regions such as Texas (or other states) who seek complete state autonomy without relying on outside forces or institutions for currency or financial services/products by implementing their own digital currency supported by blockchain technology which will give them absolute control over their finances while also increasing efficiency due increased transparency and security provided through decentralization via distributed ledger technology (DLT).
Conclusion
In conclusion, Bitcoin provides an unprecedented opportunity for countries or regions such as Texas who seek complete state autonomy without relying on outside forces or institutions for currency or financial services/products by implementing their own digital currency supported by blockchain technology which will give them absolute control over their finances while also increasing efficiency due increased transparency and security provided through decentralization via distributed ledger technology (DLT).