Missouri Mayor Jayson Stewart plans to present each family in Cool Valley $1000 value of Bitcoin. Cool Valley, Missouri, a small city within the St. Louis County space, has about 1,500 residents.
Jayson Stewart informed Bitcoin Magazine in an interview that Bitcoin has “given me a new mindset about humanity in the future.”
He continued, “It’s given me hope, and an optimism that we are able to overcome a number of the worst elements of the system that we’re born into, and actually create a future exactly how we want it to be. There is a sure degree of hope and optimism that I get from Bitcoin.”
Initially, Stewart planned to boost enough money to airdrop just $500 to each family in Cool Valley, however, his announcement drew attention and additional funds from throughout the nation.
“As of right now, the venture is absolutely funded for $1,000 per family,” Stewart informed Coin Telegraph, adding that the city has exceeded its donation objectives as a result of “the story got so standard in a way that I never anticipated.” The mayor plans to use the additional donations acquired to discover energy-efficient initiatives in Cool Valley.
Throughout his interview with Bitcoin Magazine Stewart described the hurdles of placing Bitcoin in town’s reserve and how this shifted his precedence to fixing the logistics of teaching and giving 1,500 residential households access to Bitcoin.
Clearly for the mayor, crucial a part of his donation is making certain that the Bitcoin is donated in service of social change and enhancing Cool Valley, whereas uplifting people along the way.
The distribution logistics of the Bitcoin airdrop are not yet finalized, Stewart informed Coin Telegraph. His plan is to first manage academic workshops for residents to study what they are going to be receiving.
“We’re going to get people storing their own Bitcoin as shortly as possible,” the mayor stated. In an exemplary display of low-time-preference understanding, Mayor Stewart can also be planning to permit residents to obtain a bigger Bitcoin payout if they select to hold their Bitcoin for a sure length of time, however will enable those that want to promote to obtain their allotted sats to do so.
Mayor Stewart has also recently joined the Advisory Board for the Midwest Bank Center, which is a neighborhood financial institution with almost $2 billion in assets below management. Soon he hopes to see a Bitcoin-friendly bank in town, in addition to different engaging Bitcoin business alternatives resembling mining amenities and events.
Stewart informed Bitcoin Magazine, “Bitcoin is essentially American. It’s the most American factor. Our government is built on freedom and private liberty, and rights and self-sovereignty, and all of the issues that Bitcoin really is. I feel it is a pure marriage that Bitcoin in America will thrive.”