The small town of Cool Valley, Missouri lives up to its name. Its mayor, Jayson Stewart, plans to donate $ 1,000 in bitcoins to every household and the project is fully funded. To top it off, the drop comes with education. The 1,500 residents will learn to use the wallets and interact with the network, and will also be enticed to HODL with the coins they receive. “We’re going to get people to store their own Bitcoin as quickly as possible,Said the mayor of Cool Valley.
Co-telegraph recently interviewed Jayson Stewart, and he told them:
“What really turns me on, and what I’m working on, is getting ordinary people to own Bitcoin, and for them to really enjoy the appreciation of owning an asset like this.”
About a month ago, the mayor of Cool Valley went viral with plans to do this. At the time, he told KSDK, “I have very supportive donors who have agreed to match the money I raise up to several million dollars. “And the plan went so well that Steward already has all the funds and more. Such is the power of the internet. Such is the power of Bitcoin.
$ 1,000 #Bitcoin will go to every resident of Cool Valley, Missouri.
The Mayor’s Plan is now fully funded!
– Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) September 29, 2021
Are Cool Valley residents going to HODL their coins?
While the Bitcoin distribution process is not yet clear, it appears they’ve decided to let people spend it if they want to. At first, this was not the case. A month ago, the mayor of Cool Valley told KSDK: “We are setting up as an acquisition schedule for Bitcoin. The idea is that you might not touch it for five years before you actually have access to it. We’re working on ideas like this because it’s my number one concern.“
Now the plan is to offer Cool Valley residents an incentive at HODL. This is much more in line with the philosophy of Bitcoin. Recipients will receive an as yet unspecified bonus if they do so, or they will receive less BTC if they decide to sell. This recalls the 2014 experience at MIT, which has had positive results and sparked more than one career in cryptocurrency.
Going back to the most recent interview, the mayor of Cool Valley said: “the story has become so popular in a way that I never anticipated.“Since they received more donations than they expected, Steward plans to use the surplus to convert government lights into solar power and fund other eco-friendly projects. “There is a lot of fear, uncertainty and doubt around the environmental effects of Bitcoin., “he said. And he puts his donors’ Bitcoin where his mouth is.
BTC price chart for 09/30/2021 on Coinbase | Source: BTC/USD on TradingView.com
Bringing Bitcoin Business to Missouri
Recently, Stewart joined the advisory board of Midwest BankCenter. It is “a local bank with nearly $ 2 billion in assets.“In the same breath, he said”I’m trying to get a Bitcoin compatible bank here. “It can be read between the lines. Apart from that, Steward said:”Some people have asked us to open a mining facility.”
Does this man take a page from Nayib Bukele’s book? The President of El Salvador’s decision to make Bitcoin legal tender has brought a lot of new business to the country, and this experience is only just beginning. Apparently, Cool Valley already hosts a Bitcoin ATM. An ATM and private donations, that’s how El Zonte started. Are we witnessing another spark in the process towards the hyperbitcoinization of the world? Only time will tell.
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In another recent interview, this time with Bitcoin Magazine, the mayor of Cool Valley praised Bitcoin:
“It gave me a new way of thinking about humanity in the future,” said Stewart. “It gave me hope and optimism that we can overcome some of the worst parts of the system we were born into and create a future exactly how we want it to be. There is a certain level of hope and optimism that I get from Bitcoin. “
Bitcoin is hope. And the people of Cool Valley will soon have the chance to experience the magic firsthand.
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