Idaho
This Idahoan became the youngest Bitcoin millionaire at 18. Now he wants to give the Gem State better cell phone coverage. – East Idaho News
Erik Finman | Courtesy photo. Finman speaks with EastIdahoNews.com reporter Nate Eaton in the video player above.
IDAHO FALLS — He dropped out of high school when he was 15, became the youngest Bitcoin millionaire, started a venture capital fund and has played a pivotal role in new tech companies.
Now Erik Finman, 25, wants the Gem State to have the best cell phone coverage in America as he launches a new company called Idaho Mobile.
“I want to come back to Idaho, a place I truly, tremendously care about, and not only expand phone and internet service but make it really affordable for everyone,” Finman tells EastIdahoNews.com. “The United States is the richest country in the world, and we shouldn’t be having places that have dead spots in Idaho.”
Hitting big on Bitcoin
Finman was raised in northern Idaho. When he was 12, he and his brother visited the Jefferson Memorial in Washington, D.C., where they witnessed people being arrested for dancing on the memorial steps, which is illegal. One of the men in the group was wearing an orange shirt with a bee on the front that looked like a $1 sign.
“I was like, ‘What’s that?’ and he said, ‘It’s Bitcoin, man. It’s going to end Wall Street, bro,’ and then he ran off,” Finman recalls.
When Finman and his brother returned home, they researched Bitcoin. The price was under $10 at the time, and Finman used the $1,000 his grandmother had given him for college to invest in digital currency.
“It was as easy as buying something off Amazon. I thought it would be a big deal, but you’re not 100% sure if it’s really going to happen,” Finman says. “I spent every day just trying to get more and more Bitcoin and playing the markets. Some kids had sports. Some kids had video games. I had Bitcoin.”
Over the next three years, Finman earned a lot of money, and when he was 15, he dropped out of school and moved to the San Francisco Bay Area. He recalls his parents being “horrified” that their teenage son was quitting his education and leaving Idaho, but he says he was a “teenager on a mission.”
When he arrived in California, Finman was interviewed by Charlie Rose and appeared on national news programs. He continued to invest, and by the time he was 18, Finman became the youngest person to earn a million dollars off Bitcoin.
“I started a tech company and then sold that tech company. Since then, I’ve kind of been a serial entrepreneur and a little bit of an investor in other cryptocurrencies,” Finman explains.
Launching Idaho Mobile
Finman’s next adventure is bringing him back home in an effort to drastically improve cell phone and internet coverage across the entire state of Idaho.
“Where I grew up in north Idaho, we had just horrible phone internet access. Half the time, we would make a call and it would fail,” Finman says. “I want to fix that problem. Internet is … a place you can search, learn, teach, apply to jobs — you can do anything on the internet. I’ve driven from northern Idaho down to Boise … and there are a million dead spots.”
Rather than building tall towers, Idaho Mobile plans to install “really big backpacks” on existing buildings or poles. Internet and cell phone technology will be contained in the packs that connect with smartphones.
“The backpacks are the about half the size of a picnic table, and they’re pretty thick,” Finman says.
Idaho Mobile is focusing on installing the technology in northern Idaho first (Finman admits he’s biased) with plans to expand to eastern Idaho next. He hopes the entire state is fully covered by the end of the year.
“In the beginning, we’re doing kind of introductory plan of $11.99 a month. That won’t be there forever — just a way to get people on. I think we make 4 cents on that plan but we want to get people interested and get people trusting us.”
The company also wants to take care of customers in unique circumstances who can’t afford a cell phone plan.
“I did robotics growing up, and there was one kid on the team who was a super smart guy, but his parents couldn’t even afford power, much less internet,” Finman recalled. “So he biked to school miles and miles every day. He used one of the school laptops and eventually, I think one of the teachers felt bad for him and bought him a laptop that he would just charge at the school. So if you’re in that kind of position … you can apply for Idaho Mobile for free and I would just totally eat the cost of that out of my own wallet.”
Finman hopes Idaho Mobile makes a difference, and he looks forward to what’s next.
“I think I really like doing big things and tackling hard problems. I guess that’s why I’m doing Idaho Mobile today. … I want to tackle hard things and solve hard problems, even if it’s stressful,” Finman says. “This has been about dreaming and doing great things. I kind of have the mindset that anything was possible, and I think I’ve proved everything was possible.”
You can learn more about Idaho Mobile here.
Watch our entire interview with Finman in the video player above.
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Idaho
Idaho Falls City Council delays vote on proposed alcohol ordinance – Local News 8
IDAHO FALLS, Idaho (KIFI) – A controversy is brewing as the City of Idaho Falls reviews its alcohol ordinance.
The goal is to consolidate four existing ordinances for beer, wine and liquor into a single law and ensure compliance with state code.
However, at its meeting last Thursday, the Idaho Falls City Council unanimously voted to remove the proposed ordinance from its agenda, in order to receive and consider additional public comment.
The proposed ordinance would:
1. Require commercial establishments selling, dispensing or permitting consumption of alcohol – including beer, wine or liquor – to have an alcohol license, alcohol catering permit or a charitable event permit.
2. Business events with 20 or less employees consuming alcohol at the business would be allowed.
3. Require alcohol servers to complete training every three years.
4. Individuals who violate the law could be charged with a misdemeanor.
Idaho Falls City Council President Jim Francis said the changes were the culmination of months of collaboration between law enforcement, business owners and city attorneys.
“We wanted to provide a safe environment – the primary point here – for public gatherings,” Francis said. “We recognize that certain antiquated elements of the current code are overly restrictive and needed to be addressed. We wanted to make the code more accessible to the public. We needed to address over-pouring issues. We wanted to reduce penalties where possible for violations, particularly the first offenses, and yet make the code clear enough to be enforceable consistently by law enforcement.”
But City Council Member John Radford said the changes represent an overreach by city government.
“I believe it’s a bad policy. What problem are we solving in the name of trying to solve a non-problem?” Radford said. “We’re becoming big brother around alcohol in your private property. I’m concerned that landlords will be at risk of being charged with a misdemeanor if they knowingly, which I made sure that was in there, because that is what we’ve been talking about, allowed people to drink in our business. We will be outside the norm of Idaho cities. This is a big step, and I don’t think the public has weighed in on this.”
At a City Council Work Session on June 1, Idaho Falls Chief of Police Bryce Johnson cited an increase in alcohol-related crime – particularly downtown – as a reason for the changes.
“DUI is there, but this would include sexual assaults, assaults, batteries, disturbances, urination, public vandalism, shooting – all sorts of crimes,” Johnson said.
But business owners are concerned about the potential impact on commercial enterprises.
“The ordinance doesn’t address the real problem – which is people drinking … at one event and then showing up in a bar or restaurant already hammered and causing problems anyway,” ” said Terri Ireland, representing the Idaho Falls Downtown Merchants Association. “The industry is really well-regulated by state and local laws already.”
The City of Idaho Falls began the process of updating its alcohol ordinance in January 2026, seeking input from community stakeholders.
Multiple community members spoke out about the ordinance.
For more in-depth information, you can read the full 39-page proposed alcohol ordinance here.
Idaho
Idaho attorneys rebuff DOJ threat to prosecute Secretary of State in voter roll dispute
BOISE, Idaho (CBS2) — A simmering dispute between Idaho’s top elections official and the U.S. Department of Justice escalated this month after federal officials warned Secretary of State Phil McGrane about possible prosecution tied to non-citizens voting in Idaho.
The Justice Department sent a letter earlier this month threatening McGrane with prosecution. The warning came amid a broader conflict between the Trump administration and McGrane, whom the administration has sued over his refusal to provide unredacted voter rolls to the federal government.
Idaho’s chief of civil litigation, James Craig, responded on July 10. In a letter first reported by the Idaho Statesman, Craig pushed back on the federal warning, writing, “Insinuations of criminal violations of the federal election laws are not well taken,” and asking the department to “stop threatening your friends in Idaho.”
Craig also requested that the lawsuit against McGrane be dismissed and criticized the Justice Department for sending its letter directly to McGrane rather than to the Idaho attorney general’s office.
The attorney general’s office said the state has already referred 15 cases of possible non-citizen election violations to the Justice Department but is not aware of any of them being prosecuted. Craig’s letter ends by asking the department to do so.
Idaho
Idaho Property Taxes are Here to Stay
The Idaho Legislature won’t eliminate property tax next year. My bold prediction. There will be a few bills introduced, a lot of chatter on talk radio and online, and then action will be kicked down the road. If it looks like a winner in the 2028 Election, it’ll sail through in session a few weeks before the 2028 Primary. Wet an index finger and raise it in the air. Then vote.
As an old Libertarian (with a capital L), I’m familiar with the basic argument. If you own it, why do you have to pay rent? The answer always comes back to, “It’s the best system we have to fund local governments”. Forms have been in place since colonial times, even if scattered geographically. The idea gained steam in the years after the Civil War when a handful of economists blamed property ownership for growing poverty in cities. Property accrued value as space became a premium. So-called reformers believed the tax would balance economic inequality, and appealed to noblesse oblige.
Your Taxes Get Sprinkled Like a Good Rain
I live in Twin Falls County, where we have 78 taxing districts that rely on the current system. If you ask what can replace it, you’re called a Republican in name only (RINO) by compatriots. Obviously, not everything funded by the tax is a waste. First responders and snow plows come to mind. It makes me think of the calls to gut the federal government, but while maintaining Social Security and Medicare. The former makes up nearly a quarter of the budget. Medicare is only 14 percent, but additional health spending brings the tab to another quarter. Historian Niall Ferguson grew up in Scotland, and he summed up Great Britain a couple of weeks ago. People want more, not less, welfare spending. Are we different?
Before anyone in Boise wipes out property tax, legislators need to consider what voters want to stay, and how to fund it otherwise. If they don’t, they’ll see a backlash at the ballot box. Just because I say I want taxes reduced, I didn’t mean the programs that benefit me! The answer won’t be available over 90 days next year.
More than 20 years ago I hosted a weeklong series on tax alternatives. Among the proposals we examined were Flat Tax, Fair Tax, and Automated Payments Tax. People are most familiar with the first. Everyone pays a flat percentage. Say 12 to 15 percent. Of income, I guess. Of course, we need to define income. Professor Gad Saad is leaving Canada for a job in the United States and has to pay an exit tax based on his estimated assets. Estimated is the dirty word! That’s left to bureaucrats.
This Requires Study and Gaming Outcomes
Go ahead and adopt the flat tax, and please the conservatives, however. Many people, even on the right, have paid very little when it comes to present income confiscation. See how they react when they get a wake-up call. The Fair Tax is a national sales tax of 23 percent. Or it was the percentage proposed 20 years ago. That sounds large, but when you consider your overall tax burden right now, if it replaced what currently exists, you would be better off. This isn’t to say that local governments wouldn’t institute their own taxes. If you live in a blue state or city, that’s a given. Proponents argue that citizens have the option of not paying taxes if they choose not to buy. Obviously, you need to buy some things, unless you’re destitute and living exclusively on handouts.
Automated Payments Tax (APT) is a 1 percent charge on every transaction. A company buys steel to build trucks; it pays 1 percent on the steel. And on every other purchase. The dealer buys the truck for his lot and pays one percent. You buy from the dealer and pay one percent. An economist at the University of Indiana told me it would cover the federal budget. We had that conversation in 2005, when the national debt wasn’t even a quarter of what we see today. None of these plans address the debt, but if state and local governments are creative, maybe we can find something that replaces property taxes.
What we’ll get is a commission from the politically connected who’ll meet once a month for bagels and orange juice. In three years, they’ll provide a solution that works best for them.
Highest Gas Taxes By State in the U.S.
Here are the top 10 states for gas taxes.
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