Illinois Bitcoin Council's avatar
Illinois Bitcoin Council
ilbtccouncil@nostrplebs.com
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A 501(c)(6) nonprofit dedicated to fostering the responsible growth & adoption of Bitcoin in Illinois through education, advocacy, & collaboration.
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ilbtccouncil 2 months ago
Hey #Bitcoin-ers, help us spread the word! It's early, but #Illinois has two new pieces of legislation introduced... -Community Bitcoin Reserve Act (SB3743) -Digital Asset Investment Act (SB3672) IYKYK; Illinois has a bad rap for being hostile to Bitcoin, but that is changing!
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ilbtccouncil 2 months ago
#Bitcoin history is being made in Illinois. The Altgeld Bitcoin Reserve just became the nation's first community-run Bitcoin treasury to gain formal state recognition. Here's the story of how a public housing community built in 1945 is becoming a model for financial sovereignty The Backdrop: Altgeld Gardens was built for African American WWII veterans. It became a stark example of environmental racism: • Surrounded by toxic waste • Highest cancer rates in Illinois • Poverty below $12k per capita • 90% African American population This is where the environmental justice movement was born in 1979. The Pivot: In March 2025, IBC member Tolbyus Shephard founded the Altgeld Bitcoin Reserve. The mission: transform 80 years of economic injustice into generational wealth through a community-controlled Bitcoin treasury. How it works: 1. Acquire and hold Bitcoin in transparent DAO treasury 2. Run revenue programs (financial literacy, trucking ownership) 3. Reinvest 50% of profits to grow the reserve 4. Distribute benefits to residents The Momentum August 2025: IL Rep John Cabello meets with Altgeld leaders October 2025: Illinois House Resolution 0446 recognizes ABR as the nation's first community Bitcoin reserve January 2026: Tolbyus meets with IL House Minority Leader Tony McCombie at the State Capitol February 2026: Senate Bill 3743 introduced — the Community Bitcoin Reserve Act Why This Matters: In communities like Altgeld, Bitcoin is a tool for: • Economic transformation • Financial sovereignty • Community-led development • Breaking cycles of exclusion The Lesson: When traditional institutions have failed a community for 80 years, Bitcoin offers an alternative. The Altgeld Bitcoin Reserve proves it. Credit to Tolbyus Shephard for the vision and relentless advocacy. Proud that the Illinois Bitcoin Council supports this work. image
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ilbtccouncil 2 months ago
#Illinois proposes the Community #Bitcoin Reserve Act! The bill creates a state program to hold Bitcoin in multisig cold storage, starting with Tolbyus Shephard’s Altgeld Bitcoin Reserve. BTC cannot be traded or sold without new legislation.
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ilbtccouncil 2 months ago
Grateful for the opportunity to support Tolbyus Shephard's Altgeld #Bitcoin Reserve at the State Capitol! Thank you to House Minority Leader Tony McCombie and IL Representative John Cabello for their leadership. Special shout out to IBC Advocacy Coordinator & Board member, Mark Hurley, for his support. image
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ilbtccouncil 3 months ago
Join us for our upcoming Spaces on Bitcoin inheritance planning w/ IBC Vice President @JeffHilsenbeck With @XSTACI as our host, we'll talk to industry professionals like Illinois' own Brady Pugliese. https://x.com/i/spaces/1MYxNlVrDlOGw
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ilbtccouncil 4 months ago
The greater the nodes, the stronger the network.
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ilbtccouncil 4 months ago
Rep. Warren Davidson (R, Ohio) just dropped the #Bitcoin for America Act that: ✅ Turns Trump’s Strategic Bitcoin Reserve EO into permanent law ✅ Lets EVERY American pay federal taxes in Bitcoin with zero capital-gains tax on the payment ✅ Locks the reserve for at least 20 years (no spending it on pork) ✅ Allows voluntary “round-up” 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.
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ilbtccouncil 5 months ago
#Bitcoin payments are now live on Square. To put this in context, Square is by far the POS leader, per Grok… 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
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ilbtccouncil 5 months ago
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.
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ilbtccouncil 5 months ago
This is either morally, ethically, or intellectually bankrupt reporting. Please do your own research… 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 money’s purchasing power and causes price rises. Monetary inflation leads to price inflation. This is why we Bitcoin. image
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ilbtccouncil 6 months ago
QUESTION: Are great ideas forced or voluntary? ANSWER: Great ideas do not require force. CONTEXT: #Bitcoin is voluntary. image
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ilbtccouncil 7 months ago
This past Sunday, the IBC had a small gathering to enjoy the labor weekend. We had about 35 adults and 11 kids. It was a wonderful time to talk bitcoin, flying, and the goal of the IBC to paint Illinois orange. This state is in dire need of positive change. @Sippy Cup gave five introductory flights, and one with @Tim daughter. More to come from the IBC @Julian Figueroa