Cool Valley, Missouri, a town of approximately 1,500 people in the St. Louis County area, after its mayor Jayson Stewart announced that he has recently become the subject of international attention Plans to provide every resident with up to $1,000 in Bitcoin.
Stewart is a passionate environmentalist who has spent years cleaning up the world’s oceans and running on a platform to correct old mistakes. He believes that Bitcoin education is the key to the prosperity, well-being and sustainable development of his town. Just as he dreamed of a world without environmental damage caused by irresponsible litterers, he imagined a future where Bitcoin would clean up the many ills of the financial system.
Stewart hopes to see a Bitcoin-friendly bank in the town soon. He sees Bitcoin as a way to increase the wealth of the town by increasing wealth and business opportunities (such as mining facilities and even Bitcoin incidents) .
“Much of this is to correct the mistakes of the financial system in the past. In the past, when it came to our financial system and storing our value, we could not use the amazing technology we have today.”
Stewart’s plan to distribute bitcoins to the people of Kugu has been fully funded. He explained that the plan is paid for by private donors and aims to expand adoption and educate users. “As of now, the project has received full funding of $1,000 per household,” he confirmed, adding that the town has received more donations because “this story is so popular in a way I never expected .”
— Mayor Jason Stewart (@coolvalleymayor) September 22, 2021
Although Stewart believes that “it is very wise for a town to hold part of the treasury in cryptocurrency,” he explained that “there are legal obstacles to doing so, many of which stipulate town and city investment assets in the state constitution.” He made it clear. , He is most interested in seeing ordinary people rather than government entities benefiting from Bitcoin. The more people hold shares in the Bitcoin network, the stronger it becomes.
“What really excites me is that what I’m doing is getting ordinary people to hold Bitcoin and let them really benefit from the appreciation of holding such assets.”
Stewart encountered various reactions from the town’s residents, ranging from excitement and curiosity to confusion, the latter being common among older members of the community. “They have a lot of questions about’what is it?’,’how do I store it?’,’how do I access it?’,” he listed.
The distribution procedure has not yet been finalized, but education is one of the main goals of the project, because in order to obtain their BTC, residents need to understand what they are receiving. To this end, there are plans to organize seminars or similar learning opportunities. “We will let people store their bitcoins as soon as possible,” the mayor declared.
Mayor of Missouri,@coolvalleymayor, “I have been exposed to Bitcoin since 2015. I used to work in a technology startup. We are virtual assistants for wealthy customers. One of the coolest things I noticed is that this startup allowed our customers to use it in 2015. BTC Payment” CC @BitcoinMagazine @ck_SNARKs pic.twitter.com/MGGuru3bki
-Kit (@kit_sats) September 22, 2021
Cool Valley is home to people from various economic environments, so “$1,000 is a different thing for different people.” However, residents are expected to hold their coins for a period of time rather than sell them immediately, partly because Stewart made it clear I believe they will appreciate over time. After all, patience is a virtue. In order to encourage this kind of patience, there are plans to provide residents with an option, if they agree to hold their tokens for a certain period of time, they can get larger expenditures, while those who want to sell get smaller expenditures.
“We really just want them to be able to understand the assets and learn how to hold their own keys through their storage to become autonomous”
In addition to understanding Bitcoin, Stewart’s initiative is likely to inspire other indirect interests of the community. On the one hand, it may bring in many residents for general investment, which may bring many benefits in the future. Due to Bitcoin’s incentives, computer literacy is another area that may be improved, and new users may also start to learn other cryptocurrency and blockchain applications. Therefore, this move is likely to eventually inspire some residents to seek careers in the blockchain industry.
Clean up other people’s mess
In his early 30s, Stewart first interacted with Bitcoin in 2015 when he was an assistant to Magic. Magic is a San Francisco-based company that often sees “very, very wealthy customers” sending Bitcoin to the company’s wallet, and then Stewart converts it into legal tender in order to purchase various goods. Although he didn’t have much in-depth knowledge of cryptocurrency, “I thought it was a cool internet currency,” he recalled.
When he was a child, Stewart dreamed of becoming a nature photographer and owning a wildlife sanctuary. This is why in late 2015, he quit his job at Magic and pursued a lifelong passion for environmental restoration and wildlife rehabilitation through his new company PL28, which he ran in Cool Valley. PL28’s mission is to clean up the ocean, and this mission has been “the center of my life” for the next few years before Stewart ran for mayor in 2019.
“Before I decided to run, I just extracted plastic from oceans, rivers and different waterways-trying to make the wildlife habitat of marine life a little better.”
Through PL28, Stewart helped clean up the oceans in the Philippines, Haiti, Bahamas, Los Angeles and Singapore. He explained that the cleanup process differs depending on the type of ecosystem at hand. “At sea, you usually get most of the discarded fishing nets.” These fishing nets constantly trap and kill wild animals. In a river environment like St. Louis, “you collect a lot of plastic bottles, such as milk cans,” he Say.
Although he likes to spend time with marine wildlife, he regrets that ocean cleanup is “more logistical work”, such as coordinating volunteers, rather than his direct work on site. All in all, Stewart “worked with people from 47 different countries to select plastics from the ocean.” These plastics are usually processed into usable plastics and made into high-quality goods made from recycled materials.
Today, Stewart has started with active ocean cleanup, but his adventurous spirit of clearing the chaos of the past and mistakes continues to push him.
Mayor of town
After graduating from high school, Stewart studied psychology at the University of Miami from 2008 to 2012. During his studies in 2011, he and his freshman roommate founded Pink Fader, a record production company. The duo had some obvious success because their performance under the label “Finally got a Grammy nomination, which is cool, we have a few songs in the top 50 of the charts,” Stewart took a hint Proudly recalled.
Stewart moved with his family first, and later moved frequently due to entrepreneurial activities. For him, Kugu is the “most stable place” in his life. Young and with new ideas, he decided to run for mayor, hoping to improve services and revitalize the troubled business district.
“I intend to create more safe havens for both sides, where humans and wild animals can live and interact safely.”
Becoming mayor is a great honor, because “the town where I grew up wants me to be their representative and their leader.” He described the scope of this job as a very wide range of responsibilities, far beyond his previous Work has a strong sense of responsibility for the well-being of citizens.He is even capable of pardoning certain crimes. Last year he announced that “everyone convicted of non-violent crimes involving marijuana and/or psilocybin” was a move. made money he praise For “a pioneering work to solve the dangers of the anti-drug war”.
On the other end of the overall ideals, “There are always small things that we will also talk about, such as potholes in the street or other things,” he said of the things that keep him busy.
Although there is no petition to rename the town, it is conceivable that the Bitcoin effect will reach Kugu in a specific way. Although the town already has a Bitcoin ATM, there are more opportunities to consider. “We have asked some people to reach out and open a mining facility,” Stewart added with a smile, “I’m trying to find a bitcoin-friendly bank here.”
Fortunately, Stewart has just joined the advisory board of the Midwest Bank Center, a local bank with nearly $2 billion in assets. “They have been in meetings for 100 years, but I only held the first board meeting with them three days ago,” he said with a smile. When asked if they knew he was a “Bitcoin man,” Stewart proudly said, “They know it now!”
From his perspective, Stewart felt that the local banking industry “has a cautious optimism.” Although it is clear that they want to avoid risks, “they also enjoy the potential opportunities for huge returns from their investments.”
Considering the number of donors, there seems to be money left after distribution to residents. With these funds, one idea Stewart is exploring is Cool Valley’s solar lighting and other energy efficiency programs. “When it comes to Bitcoin’s environmental impact, there is a lot of fear, uncertainty and doubt,” he admitted, adding that he wanted to set a positive example for the benefits of Bitcoin.
With the University of Missouri St. The St. Louis campus borders the Cool Valley in the south, and the town may be a good place for Bitcoin conferences, and one day it will become a center for various technologies. Mayor Stewart agreed, saying: “I think this might be a very good result-that would be very cool.”