Farley on Nostr: A fascinating fact: Texas retains the right to mint its own money due to its unique ...
A fascinating fact: Texas retains the right to mint its own money due to its unique status when it joined the U.S. Unlike fiat or fractional reserve currency, Texas could use its vast energy grid to mint a tangible asset-backed currency.
With Texas already being a hub for Bitcoin mining and having established Bitcoin relations with El Salvador, including their Bitcoin Volcano Bond, the state is uniquely positioned to leverage Bitcoin as a form of economic sovereignty. This convergence of historical rights, energy resources, and Bitcoin's decentralized nature could redefine the financial landscape.
Published at
2024-06-08 17:45:24Event JSON
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"content": "A fascinating fact: Texas retains the right to mint its own money due to its unique status when it joined the U.S. Unlike fiat or fractional reserve currency, Texas could use its vast energy grid to mint a tangible asset-backed currency. \n\nWith Texas already being a hub for Bitcoin mining and having established Bitcoin relations with El Salvador, including their Bitcoin Volcano Bond, the state is uniquely positioned to leverage Bitcoin as a form of economic sovereignty. This convergence of historical rights, energy resources, and Bitcoin's decentralized nature could redefine the financial landscape.\n",
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