Mayor Of Cool Valley Distributes Free Bitcoins To Residents, Auto Vote If You Run Again!

This mayor in the US distributes Bitcoin to residents (Bitrates)

JAKARTA – Recently the price of Bitcoin (BTC) soared to the level of IDR 700 million. A mayor wants to make his residents rich, that's why he plans to distribute Bitcoins to his residents. He is the Mayor of Cool Valley, a small town in Uncle Sam's country in St. Louis County, Missouri, USA.

Launching Bitcoin.com News, Cool Valley has a population of 1,500 residents. Mayor Jayson Stewart plans to distribute Bitcoin to all residents. This was conveyed by Stewart on Thursday, August 19, 2021, in an interview with KSDK, one of the television stations affiliated with NBC.

“This is digital gold. I'd like to see every house in my town accept some level of bitcoin, whether it's $500 or $1,000," Stewart said.

"I have friends whose lives have completely changed, going from working from nine to five to being worth more than 80 million dollars in a few years," said Mayor Stewart, who claims to be an entrepreneur and environmentalist.

The mayor of Cool Valley said that the Bitcoin distribution came from a number of BTC investors whose names could not be mentioned.

“I have several very supportive donors and have agreed to match the money I raised to several million dollars. I'm trying to get some government funding too to keep up, or maybe some of the aid money that's coming in from Covid relief."

Asked if he would use city funds, Stewart said it was possible, “it's possible. We'll see how it goes."

Jayson Stewart hopes citizens don't immediately sell Bitcoin after they receive a donation in the form of BTC. Therefore, Stewart created a procedure for its citizens to be able to host for about five years.

“We are working on such ideas because that is my number one concern. [If] Someone had just sold their bitcoins to pay their car bill, and then when the bitcoins hit a price tag of around $500,000 years later, they would really regret it,” the mayor said.

Cool Valley residents were also interviewed, but most of them did not know what Bitcoin or cryptocurrencies were. However, most of them accepted the Bitcoin sharing plan from their mayor.

“My daughter says she thinks it's the next big thing, digital currency… With cash, people have bad habits and they buy things they shouldn't be buying. But with bitcoin, maybe you can give it to your kids. My daughter is going to college next year. I can give him [bitcoin],” said Ramona Nickels, a mail carrier who lives in Cool Valley.

“Putting money in my pocket sounds pretty good to me,” said another Cool Valley resident, Cornelius Webb.

Mayor Stewart seems to want his residents to be rich. He believed the small town of Cool Valley would become a wealthy city. Stewart mentions that the wealth is not only for the city but also for the people who live there.

Knowing the environmental problems caused by Bitcoin, Mayor Stewart claimed to have anticipated this by presenting solar power as a source of electricity.

"We're giving away bitcoins and at the same time we're turning our entire city into solar, like all the government lights and stuff like that," said Mayor Stewart.

Not only that, Mayor Stewart also revealed a number of his plans to get people familiar with cryptocurrencies. The mayor will hold free classes to educate his residents including the simplest ways such as how to store Bitcoins safely.

Stewart hopes the plan can start by the end of 2021. In addition, a number of other cities in the United States are trying to adopt Bitcoin as a means of payment such as Florida, Miami, Tennessee and Jackson.