Let's paint the state orange!
Rep. Warren Davidson (R, Ohio) just dropped the #Bitcoin for America Act that: โœ… Turns Trumpโ€™s Strategic Bitcoin Reserve EO into permanent law โœ… Lets EVERY American pay federal taxes in Bitcoin with zero capital-gains tax on the payment โœ… Locks the reserve for at least 20 years (no spending it on pork) โœ… Allows voluntary โ€œround-upโ€ or direct contributions so the U.S. stack grows deficit-neutral The Bitcoin Policy Institute crunched the numbers: if just 1% of taxpayers opt in, America saves hundreds of billions over 20 years vs. the $38T debt spiral.
Help make #bitcoin everyday money. Email your representative to eliminate capital gains on bitcoin payments under $600. https://btcismoney.xyz/
@jack mallers any updates on Clover?
Shout out to @Matteo Pellegrini & his @Club Orange! They're helping the IBC paint #Illinois orange by connecting #Bitcoin's social layer. Join us: image
#Bitcoin payments are now live on Square. To put this in context, Square is by far the POS leader, per Grokโ€ฆ 1. Square: 4.1 million active merchants worldwide. 2. Clover: 700,000 businesses globally. 3. Toast: 156,000 locations, primarily U.S. restaurants. 4. Lightspeed: 144,000 locations worldwide. squ.re/acceptbitcoin image
Problem: In Illinois, median home prices hit $316,613 against $79,180 median income, a 4x ratio that devours 35%+ of earnings on a 30-year mortgage at 6.75%, birthing absurd 50-year debt traps to feign affordability amid 142,000-unit shortages. Solution: Bitcoin siphons the monetary premium from bloated real estate, slashing prices to utility value as superior collateral frees capital from fiat speculation, ending mortgage servitude. image
The IBC is is a 501(c)(6) nonprofit dedicated to fostering the responsible growth and adoption of #Bitcoin in Illinois through education, advocacy, & collaboration.
This is either morally, ethically, or intellectually bankrupt reporting. Please do your own researchโ€ฆ Read Ludwig von Mises who first claimed in his 1912 book The Theory of Money and Credit that inflation as an increase in the money supply not matched by rising demand for money, which lowers moneyโ€™s purchasing power and causes price rises. Monetary inflation leads to price inflation. This is why we Bitcoin. image
Andrew Hohns, founder/CEO of Battery Finance and Newmarket Capital, details #Bitcoin's role in fixing credit markets via collateral on a recent WBD episode. Let's use #Illinois pension crisis ($140B hole) as a case study showing how bitcoin's scarcity counters fiat debasement... #Illinois pension crisis: $140B unfunded liability as of 2023. State devotes 20% of budget to stabilization payments. Taxes hiked repeatedly (property rates top 2.2%, income tax 4.95%). Result: 100K+ residents flee annually, gutting tax base, accelerating spiral. Core thesis: Bitcoin collateral fixes credit markets warped by inflation. Fiat debasement erodes pensions (20-40% of funds in credit). #Illinois exemplifies: COLA-adjusted liabilities balloon to $174T nationally by 2034. Hohns' model: Battery Finance issues loans backed by real estate & #Bitcoin. Underwrite assuming BTC=0; cash flows from assets cover debt. BTC upside shared 40-60% with borrower. First deal: $12.5M Philly multifamily, $1.5M buys 20 BTC. LTV drops as BTC rises, no volatility calls. #Illinois application: Pension funds allocate to #bitcoin-backed bonds. Replaces inflation-vulnerable treasuries. BTC scarcity (21M cap, 95% mined) vs. gold's 1.5-2% annual dilution. Funds preserve real value; no more 5% Roman-style debasement over decades. Inflation mechanics: Central banks monetize $37T U.S. debt via keystrokes. #Illinois mirrors; $40B general obligation bonds, interest > education spend. Video: Repeated bailouts (2008, COVID) inflate assets, debase savers. #Bitcoin hedges: Finite supply counters endless printing. CBDC threat: 100+ countries test digital fiat for control (expiring funds, geo-fencing). #Illinois, already surveilled via IL SAVE, risks amplified erosion. Video: #Bitcoin as "freedom money" for 7B in unstable currencies. Mobile access equalizes savers from Chicago to rural counties. Community rebuild: Video pushes #bitcoin for main streets. #Illinois towns (e.g., Rockford, Peoria) hollowed by out-migration, e-commerce. BTC loans at 6% (vs. 8%) + treasury allocation. Small biz adds uncorrelated asset: $10K BTC on $50K loan yields liquidity, appreciation. #BitBonds proposal: Treasury issues bonds (90% funds spending, 10% buys BTC). 1% rate (vs. 4.5%); 50/50 upside split at maturity. U.S. guarantees principal. Savings: 25% interest cut, even if #bitcoin zeros. #Illinois pilots state BitBonds: Tax-exempt, stabilizes pensions sans tax hikes. Projections: Historical #bitcoinreturns yield 10-20% investor yields. #Illinois: $25B tranche tests custody, scales to $140B liability. Offsets 20% budget drain. No new laws; market-driven. Counters Yellen-era short-term debt traps. Behavioral shift: #Bitcoin enforces low-time preference. #Illinois workers, facing automation (trucking unions), save in sats vs. dissipating dollars. Farms recapitalize: BTC collateral funds equipment, draws youth vs. urban exodus. Reduces processed-food dependency; reclaims time for self-investment. Risks mitigated: Loans lock #bitcoin 4+ years, align incentives. #Illinois adoption: Start municipal (Chicago studies via Adams model), scale statewide. Avoids California-style flight. Video data: Global assets inflate to quadrillions; BTC cycles persist but scarcity drives net upside. Outcome: #Illinois deploys #bitcoin to term out debt, rebuild trust, halt spiral. Sovereigns lead or lag; video predicts U.S. federal pivot under BTC-literate policy. Funds protected; cities preserved. Cycle ends.