Cool Valley, Missouri, a small town of about 1,500 residents in the St. Louis area, recently became the subject of international attention after its Mayor Jayson Stewart announced that he plans to give up to $ 1,000 in Bitcoin to each resident .
A passionate environmentalist who has spent years cleaning up the world’s oceans and working on a foundation that corrects old mistakes, Stewart believes that bitcoin education is the key to growing prosperity, happiness and sustainability for his city. Just as he dreams of a world free from the environmental destruction caused by irresponsible trash cans, he envisions a future in which Bitcoin will clean up many of the evils of the financial system.
Hoping to see a Bitcoin-friendly bank in town soon, Stewart sees Bitcoin as a way that can increase the city’s fortunes by increasing wealth and business opportunities like mining facilities and even Bitcoin events.
“The main thing is to correct the mistakes made in the financial system of the past. We haven’t had access to this amazing technology we have today when it comes to our financial system and store of value. “
Stewart’s plan to give Bitcoin to people in Cool Valley is fully funded. He stated that the program is being paid for by private donors with the aim of spreading adoption and educating users. “Currently the project is fully funded at $ 1,000 per household,” he confirmed, adding that the city received additional grants because “the story has become so popular” in ways I never expected. ”
– Mayor Jayson Stewart (@coolvalleymayor) 09/22/2021
While Stewart believes it would be “very smart for a city to keep some of its treasury in crypto,” he stated that “there are regulatory barriers, many of which in the state constitution, have cities and towns in real estate invest”. . “He made it clear that he is primarily interested in normal people and non-governmental institutions benefiting from Bitcoin. The more people hold shares in the Bitcoin network, the stronger it becomes.
“What I’m really excited about, and what I do, is attracting regular Bitcoin holders and letting them really benefit from appreciating such an asset.”
Stewart encountered mixed reactions from residents of the town, ranging from excitement, curiosity to confusion, the latter being common among older members of the community. “You have a lot of questions about“ What is it? ”“ How do I store it? “How can I access it?
The distribution process has yet to be completed, but education is one of the main goals of the project because in order to receive BTC residents need to understand what they are getting. Plan for seminars or similar learning opportunities. “We will get people to save their own bitcoins as soon as possible,” announced the mayor.
Mayor of Missouri,@coolvalleymayor, “Got into Bitcoin since 2015. I worked for a tech startup and we were virtual assistants to high net worth clients and one of the most interesting things I noticed was the startup. This business allows our clients to get 2015 BTC too pay.” cc @BitcoinMagazine @ck_SNARKs pic.twitter.com/MGGuru3bki
– kits (@kit_sats) 09/22/2021
Cool Valley is home to people from different economic backgrounds, so “$ 1,000 looks like different things to different people.” However, residents’ desire is to keep their coins for a while rather than sell them right away, in part due to Stewart’s transparent belief that they will increase in value over time. After all, patience is a virtue. To encourage this patience, the plan is to give residents a larger payment option if they agree to keep their coins for a period of time, with a smaller amount for those who wish to sell. .
“We really just want them to be able to understand the contents and be in control of their own memory and understand how to store their own keys.”
In addition to learning Bitcoin, Stewart’s initiative has the potential to bring other indirect benefits to the community. There is generally an opportunity to attract more residents to the investment, which can bring many benefits in the future. Computer literacy is another area that is likely to improve due to the incentive of Bitcoin, and new users are also likely to start learning about cryptocurrencies and other blockchain applications. Hence, it is likely that this move will eventually inspire some residents to pursue a career in the blockchain industry.
Clean up the mess of others
Stewart first interacted with Bitcoin in 2015 when he was in his early 30s while working as an assistant at Magic, a San Francisco-based company that often sees “very, very wealthy customers” putting bitcoins into the company’s wallet, which Stewart then does convert will fiat. to buy various goods. Although he didn’t have a deep understanding of crypto, “I thought it was a great internet currency,” he recalls.
As a child, Stewart dreamed of becoming a wildlife photographer and owning a nature reserve. As a result, he left Magic in 2015 to pursue his lifelong passion for environmental and wildlife restoration through his new company, PL28, which he is run from Cool Valley. PL28’s mission is to clean up the oceans, a call to be “the center of my life” for the next few years until Stewart runs for Mayor in 2019.
“Until I decided to run, I was just pulling plastic from the oceans, rivers, and various waterways – to try and improve a bit of wildlife habitats for marine life.”
Through PL28, Stewart has helped clean the oceans in places like the Philippines, Haiti, the Bahamas, Los Angeles, and Singapore. He explained that the cleaning process differs depending on the type of ecosystem. “Out at sea you will usually get mostly abandoned fishing nets,” which are constantly catching and killing wildlife, while in river environments like those in St. Louis, “you collect a lot of plastic bottles like milk jugs,” he says.
While he enjoys spending time with marine animals, he regrets that cleaning the ocean requires “more logistics”, such as coordinating volunteers, as opposed to his direct field work. All in all, Stewart has “worked with people in 47 different countries to collect plastic from the ocean,” often turning that plastic into usable plastic and turning it into highly usable materials from reclaimed materials.
Today Stewart said goodbye to cleaning the ocean, but the adventurous spirit of cleaning up past messes and mistakes continues to drive him.
Mayor of the small 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 a friend founded the record production company Pink Fader. The duo definitely have success because a repertoire under their label “is finally Grammy-nominated, that’s great, and we have a few songs in the top 50 of the charts,” “recalls Stewart with a touch of pride.
For Stewart, who moved many places first with his family and then because of his businesses, Cool Valley has been “the most stable place” at various stages in his life. Young and armed with new ideas, he decides to run for mayor, hoping to improve services and revitalize a distressed business district.
“I will create more shelters where people and wild animals can safely live and interact.”
It is a great honor to be mayor because “this small town that I grew up in wants me to be their representative and their leader.” He describes this job as a particularly broader scope than his previous job and feels strong for it responsible for the wellbeing of city dwellers. He may even be pardoned for certain crimes he announced last year “to anyone convicted of nonviolent crimes involving marijuana and / or psilocybin mushrooms” to help him out Compliments for “groundbreaking work to redress the damage caused by the war on drugs”.
At the other end of the spectrum of big ideals: “There are always little things we’d talk about too, like potholes in the street or whatever,” he says of employment.
While there has not yet been a petition to rename the city, it is conceivable that the Bitcoin effect is affecting Cool Valley in specific ways. Although the city already has a Bitcoin ATM, there are even more options to look at. “We had several contacts about the opening of a mining facility,” beamed Stewart, adding, “I’m trying to …