{"id":8381,"date":"2021-08-20T21:26:06","date_gmt":"2021-08-20T20:26:06","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=8381"},"modified":"2021-08-20T21:26:10","modified_gmt":"2021-08-20T20:26:10","slug":"missouri-residents-may-get-1000-in-bitcoin-courtesy-of-the-mayor","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/missouri-residents-may-get-1000-in-bitcoin-courtesy-of-the-mayor\/","title":{"rendered":"Missouri residents may get $1,000 in Bitcoin courtesy of the Mayor"},"content":{"rendered":"\n
According to KSDK News, Mayor Jayson Stewart<\/a> has begun to raise cash in order to provide a crash education in cryptocurrency to the town's 1500 or so people, who will each receive $1,000 in BTC.<\/h5>\n\n\n\n
\"Missouri<\/figure>\n\n\n\n

Residents of a small Missouri town may become the first in the US to distribute Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to their neighbours. If Cool Valley Mayor Jayson Stewart gets his way, that fantasy may become a reality.<\/p>\n\n\n\n

Stewart believes that holding digital currency will have a significant impact on the town in the coming years. \u201cI have friends whose lives have been dramatically transformed, such as going from a conventional nine-to-five job to being worth over 80 million dollars in a matter of years,\u201d adds the Mayor.<\/p>\n\n\n\n

He goes on to say that the majority of the funds for the initiative will come from anonymous Bitcoin investors. \u201cI have a number of generous contributors who have pledged to match any funds I raise up to several million dollars,\u201d Stewart says.<\/p>\n\n\n\n

In addition to private investments, he says the municipality is working to gain government money for the project. \u201cSome of the relief money that comes in from the COVID-19 relief<\/a>,\u201d he argues, might also be used for the project. It's also possible that the city will contribute to the experiment's funding.<\/p>\n\n\n\n

Stewart considers Bitcoin to be “digital gold,” and says he'd like to see “every single household in my community receive some degree of Bitcoin, whether it's $500 or $1,000.”<\/p>\n\n\n\n

If something appears to be too good to be true, it most likely is. And, while the arrangement Stewart has proposed is a solid one, it comes with a hefty price tag. Participants in the initiative will be unable to sell the digital currency for “a few years.”<\/p>\n\n\n\n

\u201cWe're putting something in place similar to a Bitcoin vesting timetable<\/a>. The concept is that you might not touch it for five years before you get full access to it.\u201d<\/p><\/blockquote>\n\n\n\n

Stewart's main concern, according to the mayor's office, is that someone will sell their currency right away to pay off a car or meet some other short-term financial necessity.<\/p>\n\n\n\n

\u201cAnd then they're going to really regret it when Bitcoin is like $500,000 all these years later,\u201d the Mayor claims.<\/p>\n\n\n\n

According to Stewart, the city would also provide free seminars to people on how to safely utilize and handle cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to KSDK News, Mayor Jayson Stewart has begun to raise cash in order to provide a crash education in cryptocurrency to the town’s 1500 or so people, who will each receive $1,000 in BTC. Residents of a small Missouri town may become the first in the US to distribute Bitcoin to their neighbours. If […]<\/p>\n","protected":false},"author":12,"featured_media":8380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,3938,3937],"class_list":["post-8381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-mayor","tag-missouri"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Top-America-mortgage-lender-plans-to-start-accepting-Bitcoin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=8381"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/8381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8380"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=8381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=8381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=8381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}