{"id":9184,"date":"2021-09-29T09:14:34","date_gmt":"2021-09-29T13:14:34","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=9184"},"modified":"2021-09-29T09:14:34","modified_gmt":"2021-09-29T13:14:34","slug":"grammy-nominated-mayor-is-giving-bitcoin-to-each-resident","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2021\/09\/29\/grammy-nominated-mayor-is-giving-bitcoin-to-each-resident","title":{"rendered":"Cool green mayor giving a grand in Bitcoin to each resident"},"content":{"rendered":"

Cool Valley, Missouri, a small town of about 1,500 in the St. Louis County area, found itself the subject of international attention recently after its mayor, Jayson Stewart, announced that he planned to give each resident up to $1,000 in Bitcoin<\/a>.\u00a0<\/strong><\/p>\n

Stewart, a passionate environmentalist who spent years cleaning up the world\u2019s oceans and ran on a platform of correcting old mistakes, believes Bitcoin education holds keys to growing the prosperity, well-being and sustainability of his town. Just as he dreams of a world without the environmental damage caused by irresponsible litterers, he imagines a future where Bitcoin cleans up many of the ills of the financial system.<\/span>
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\n<\/span>Hoping to soon see a Bitcoin-friendly bank in town, Stewart sees Bitcoin as an avenue that can lift the town’s fortunes by way of increased wealth and business opportunities like mining facilities, and even Bitcoin events.<\/span><\/p>\n

\u201cA lot of it is about fixing the wrongs of the past financial system. In the past, we didn’t have access to this amazing technology that we have today when it comes to our financial system and storing our value.\u201d<\/span><\/p><\/blockquote>\n

Bitcoin<\/span><\/h4>\n

Stewart\u2019s plan to dole out Bitcoin to the people of Cool Valley is already fully funded. He explains the plan is being paid for by private donors, with the aim of spreading adoption and educating users. \u201cAs of right now, the project is fully funded for $1,000 per household,\u201d he confirmed, adding that the town has received further donations because \u201cthe story got so popular in a way that I never anticipated.\u201d\u00a0<\/span><\/p>\n

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A day in my life through the eyes of @JaelinCollier<\/a> pic.twitter.com\/N1mAerlvT7<\/a><\/p>\n

— Mayor Jayson Stewart (@coolvalleymayor) September 22, 2021<\/a><\/p><\/blockquote>\n