Communists Are Stealing Your Bitcoin: The Illinois Transaction Tax Emergency Spaces

Communists Are Stealing Your Bitcoin: The Illinois Transaction Tax Emergency Spaces

Illinois quietly slipped a 20 basis point tax on all Bitcoin on-chain transactions into a bill overnight — no industry input, no debate, signed into law. Every Bitcoin transaction in the state: sending to yourself, to others, to an exchange, from an exchange. All taxed. Q hosts an emergency Spaces to break down what the law actually says, why it matters even if you're not in Illinois, and what the Bitcoin community's response should be. Speakers: Q (@q_liketheletter) — Bitcoin Well, host Ilya (@ilyaXindy) — CEO, Megawatthq Jon Gordon (@thebitcoinyogi) — Co-founder, SOUND; Bitcoin and Nostr in healthcare Tatum (@tatumturnup) — Terahash Tatum, Bitcoin mining Reils (@BTCombs11) — Bitcoin Well OTC Bitcoin News (@BitcoinNewsCom) Andrew Tilmann (@AndrewTilmann) — President, Bitcoin Scholarship Foundation Tim Niemeyer (@tim_niemeyer_) — President, Illinois Bitcoin Council; Author, HistEchoBTC GMONEY (@GMONEYPEPE) — Bitcoin is Digital 1776 Midwest Bitcoin Summit (@MWBTCSummit) — Columbus, OH (Sept 23-24, 2026) Buy Bitcoin the non-custodial way: https://bitcoinwell.com [https://bitcoinwell.com] ILLINOISBITCOINTAX #EMERGENCYSPACES #BITCOINREGULATION #BITCOINTAX #CHICAGOBITCOIN RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com [https://bitcoinwell.com] 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter [https://bitcoinwell.com/newsletter] 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey [https://bitcoinwell.com/survey] 📈 Investor Relations: https://bitcoinwell.com/investors [https://bitcoinwell.com/investors] CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell [https://twitter.com/thebitcoinwell] 📸 Instagram: https://instagram.com/thebitcoinwell [https://instagram.com/thebitcoinwell] ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 (https://bitcoinwell.com/nostr [https://bitcoinwell.com/nostr])

Reads - What Gives Money Its Value? (And What Actually Backs Bitcoin)

Bitcoin just dropped $18,000 in 10 days. Strategy sold for the first time since 2022. The headlines are screaming capitulation. Zach reads two pieces back to back: Adam O'Brien's "What Gives Money Its Value" — a clear-eyed dismantling of the "Bitcoin isn't backed by anything" crowd (spoiler: neither is the dollar, and it's not gold either) — followed by a primer on dollar cost averaging, because weeks like this one are exactly why DCA exists. This one's for Uncle Mark. DCA #WHATBACKSBITCOIN #BITCOINVSFIAT #BITCOINWELL #BITCOINREADS RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com [https://bitcoinwell.com] 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter [https://bitcoinwell.com/newsletter] 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey [https://bitcoinwell.com/survey] 📈 Investor Relations: https://bitcoinwell.com/investors [https://bitcoinwell.com/investors] CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell [https://twitter.com/thebitcoinwell] 📸 Instagram: https://instagram.com/thebitcoinwell [https://instagram.com/thebitcoinwell] ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 (https://bitcoinwell.com/nostr [https://bitcoinwell.com/nostr])

Reads: What The Unbanked Know That Everyone Are Starting to Figure Out

Bitcoin Well Reads: The Unbanked Already Know What the Rest of Us Are Starting to Figure Out Texas just pulled its $10 million Bitcoin reserve out of BlackRock's iBit and moved it into direct custody. The second biggest economy in the US looked at a custodial ETF and said not good enough. They want the actual coins on their own infrastructure protected by their own keys. First they laugh at you. Then they fight you. Then they buy the ETF. Then they take self-custody. Here's what gets Zach: Texas figured this out from a position of total financial privilege. Now imagine being one of 1.4 billion adults on earth right now with no bank account at all. In this episode of Reads on the Bitcoin Well Podcast, Zach reads his original article "The Unbanked Already Know What the Rest of Us Are Starting to Figure Out" — a piece about who the unbanked actually are, why the legacy system was never designed to serve them, and why Bitcoin is not a better version of the old system but a fundamentally different one. UNBANKED #FINANCIALINCLUSION #LIGHTNINGNETWORK #BITCOINWELL #BITCOINREADS RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com [https://bitcoinwell.com] 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter [https://bitcoinwell.com/newsletter] 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey [https://bitcoinwell.com/survey] 📈 Investor Relations: https://bitcoinwell.com/investors [https://bitcoinwell.com/investors] CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell [https://twitter.com/thebitcoinwell] 📸 Instagram: https://instagram.com/thebitcoinwell [https://instagram.com/thebitcoinwell] ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 (https://bitcoinwell.com/nostr [https://bitcoinwell.com/nostr])

Explains: How to Actually Use a Hardware Wallet

Bitcoin Well Explains: Explains: Hardware Wallet Setup, Transactions, and the Rules That Keep You Safe Bitcoin Well Explains: Hardware Wallets The theory is one thing. Actually doing it is something else entirely. If you're a beginner, the thought of buying a hardware wallet, moving your Bitcoin off an exchange, and sending your first transaction probably gives you an anxiety attack. The first few times Zach sent Bitcoin, it scared him too. The fear is completely normal. It's also the main thing standing between you and genuine financial sovereignty. This video takes the training wheels off. In this episode of the Bitcoin Well 101 series, Zach delivers a practical step-by-step deep dive into actually using a hardware wallet — which devices to buy, how to set them up without getting scammed, how to send and receive your first Bitcoin transaction, and what to do when the moments that will make your stomach drop inevitably happen. HARDWAREWALLET #SELFCUSTODY #BITCOIN101 #COLDCARD #BITKEY RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com [https://bitcoinwell.com] 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter [https://bitcoinwell.com/newsletter] 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey [https://bitcoinwell.com/survey] 📈 Investor Relations: https://bitcoinwell.com/investors [https://bitcoinwell.com/investors] CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell [https://twitter.com/thebitcoinwell] 📸 Instagram: https://instagram.com/thebitcoinwell [https://instagram.com/thebitcoinwell] ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 (https://bitcoinwell.com/nostr [https://bitcoinwell.com/nostr])

Reads: Bitcoin: The Next Chapter of Humanity

Bitcoin Well Reads: Bitcoin: The Next Chapter of Humanity Every time humanity has taken a major step forward, something fundamental changed beneath it. Not just a new invention — a new foundation. Agriculture changed how we lived. Electricity changed how we built. The internet changed how we communicate. Bitcoin belongs in that same category. Most people still see it as something financial. What's happening underneath is much deeper. In this episode of Reads on the Bitcoin Well Podcast, Zach reads "Bitcoin: The Next Chapter of Humanity" by Ulises Alfaro — a piece that steps back from price cycles, headlines, and market noise to ask a quieter and more important question: what does Bitcoin change at the base layer of human civilization? BITCOINCIVILIZATION #SOUNDMONEY #BITCOINPHILOSOPHY #RULESWITHOUTRULERS #BITCOINWELL RESOURCES & LINKS: 🚀 Buy Bitcoin/Freedom: https://bitcoinwell.com [https://bitcoinwell.com] 📧 Join the Mission (Newsletter): https://bitcoinwell.com/newsletter [https://bitcoinwell.com/newsletter] 📊 Take the Bitcoin Survey: https://bitcoinwell.com/survey [https://bitcoinwell.com/survey] 📈 Investor Relations: https://bitcoinwell.com/investors [https://bitcoinwell.com/investors] CONNECT WITH US: 🕊️ X (Twitter): https://twitter.com/thebitcoinwell [https://twitter.com/thebitcoinwell] 📸 Instagram: https://instagram.com/thebitcoinwell [https://instagram.com/thebitcoinwell] ⚡ Nostr: npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 (https://bitcoinwell.com/nostr [https://bitcoinwell.com/nostr])