Cool Valley Mayor Will Airdrop $1000 Worth Of BTC To Each Household

The small town of Cool Valley, Missouri, lives up to its name. Its mayor, Jayson Stewart, plans to give $1K in bitcoin to each household and the project is fully funded. To top it all of, the airdrop comes with education. The 1500 habitants will learn how to use wallets and interact with the network, and also will be incentivized to HODL the coins they receive. “We’re going to get people storing their own Bitcoin as quickly as possible,” the Cool Valley mayor said.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

Cointelegraph recently interviewed Jayson Stewart, and he told them:

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“What really excites me, and what I’m working on, is getting regular people to hold Bitcoin, and for them to really benefit from the appreciation of holding an asset like that.”

About a month ago, the Cool Valley mayor went viral with the plan to do this very thing. At the time, he told KSDK, “I have some very supportive donors who have agreed to match any money that I raise up to several millions of dollars.” And the plan went so well that Steward already has all the funds and then some. Such is the power of the Internet. Such is the power of Bitcoin. 

Will Cool Valley Residents HODL Their Coins?

While the process of how will they distribute the Bitcoin is not yet clear, it seems like they decided to let people spend it if they want. At first, that wasn’t the case. A month ago, the Cool Valley mayor told KSDK, “We’re putting in place like a vesting schedule for Bitcoin. The idea is that maybe you don’t touch it for five years before you really get full access to it. We’re working on ideas like that because that’s my number one concern.

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Now, the plan is to offer the Cool Valley residents an incentive to HODL. This is much more in line with Bitcoin’s philosophy. The recipients will get a still unspecified bonus if they do, or they’ll receive less BTC if they decide to sell. That brings to mind the 2014 experiment at MIT, which had positive results and sparked more than one career in cryptocurrencies.

Back to the more recent interview, the Cool Valley mayor said, “the story got so popular in a way that I never anticipated.” Since they got more donations than they were expecting, Steward plans to use the excedent to convert the government lights to solar power and fund other environmentally friendly projects. “There’s a lot of fear, uncertainty and doubt when it comes to the environmental effects of Bitcoin,” he said. And he’s putting his donors’ Bitcoin where his mouth is. 

BTCUSD price chart for 09/30/2021 - TradingView

BTCUSD price chart for 09/30/2021 - TradingView

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Bringing Bitcoin Bussines To Missouri

Recently, Stewart joined the Midwest BankCenter’s Advisory Board. This is “a locally owned bank with nearly $2 billion in assets.” In the same breath, he said “I’m trying to get a Bitcoin-friendly bank over here.” We can read between the lines there. Apart from that, Steward said, “We’ve had some people reach out about opening a mining facility.” 

Is this man taking a page from Nayib Bukele’s book? El Salvador’s President’s decision to make Bitcoin legal tender has brought a lot of new business to the country, and that experiment is just starting. Reportedly, Cool Valley already hosts one Bitcoin ATM.  One ATM and private donations, that’s the way El Zonte started. Are we witnessing another spark in the process towards the hyperbitcoinization of the world? Only time will tell.

Related Reading | Top 5 Crypto Airdrops for May 2021

In another recent interview, this time with Bitcoin Magazine, the Cool Valley mayor praised Bitcoin:

“It’s given me a new way of thinking about humanity in the future,” Stewart said. “It’s given me a hope, and an optimism that we can overcome some of the worst parts of the system that we’re born into, and actually create a future exactly how we want it to be. There’s a certain level of hope and optimism that I get from Bitcoin.”

Bitcoin is hope. And the residents of Cool Valley will soon have the chance to experience the magic first hand.

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The 411 On “Adopting Bitcoin,” A Lightning Network Conference in El Salvador

Perfect timing and place for a Lightning Network Conference. In less than a week, Bitcoin will be legal tender in El Salvador. The Lightning Network was instrumental for this to happen. The real-life case study for the Lightning Network is El Zonte AKA Bitcoin Beach. And in Mid-November, all of those factors will collide in an event aptly titled “Adopting Bitcoin.”

Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You

This Lightning Network conference comes with a call-to-action as its unofficial slogan, “Unite, focus, collab!” And, by the looks of Adopting Bitcoin’s official Twitter, the tribe responded to the call and will attend en masse. 

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What Characteristics Does This Lightning Network Conference Have?

According to “Adopting Bitcoin‘s” website, their purpose:

“… is bringing together the Bitcoin and Lightning community in San Salvador and El Zonte to create connections and foster the future of money and payments in the Central American republic.”

The Lightning Network Conference has the following characteristics:

  • The team behind the Bitcoin Beach Wallet, Galoy, produced the conference. 
  • “Adopting Bitcoin” is a not-for-profit event.
  • The organizers will donate 100% to support Lightning Network development.
  • The Lightning Network conference will be both in English and in Spanish. 
  • “Adopting Bitcoin” will be live-streamed.
  • They’ll dedicate Tuesday and Wednesday to hard-core conferencing.
  • Thursday they’ll finish the peregrination by visiting the place that started it all, El Zonte. “We will have an organized Bitcoin Bazaar 10a-4p…. with kiosks, stands and food stalls anchored at / near Hope House,” said Galoy’s Co-Founder.
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  • The Lightning Network conference is for “early adopters only.” Tickets can only be purchased with bitcoin over the Lightning Network.
  • “Adopting Bitcoin” is for “developers, businesses and general enthusiasts to network and form in-person connections.” 

“Adopting Bitcoin’s” Line Up

Tuesday and Wednesday, the party is in San Salvador’s Sheraton Presidente. Both days contain “Lightning 101” workshops. Among the star lecturers are: 

Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation; podcaster extraordinaire Stephan Livera; Bitnob’s Bernard Parah, from Nigeria, one of the protagonists of this historic transaction; “Bitcoin En Español’s” host Camila Campton; Mónica Taher, Tech & Econ Intl Affairs: Gov of El Salvador; Bitcoin Beach’s Mike Peterson, and Paxful’s Ray Youssef.

Full line-up in the Lightning Network Conference ‘s website.

On Thursday 18, the party moves to El Zonte and ends with a literal Taproot Activation Party in El Tunco. For a video tour of both towns, check this mini-documentary out.

BTCUSD price chart for 08/31/2021 - TradingView

BTCUSD price chart for 08/31/2021 - TradingView

BTC price chart for 08/31/2021 on Cexio | Source: BTC/USD on

About Galoy, Organizers Of The Lightning Network Conference

According to their official website, “Galoy offers easy to use Bitcoin ‘Banking-as-a-Service’ (BaaS) products.” They are responsible for the self-referential official wallet for the Bitcoin Beach project. “In October 2020, we launched our branded “Bitcoin Beach” Lightning Wallet in El Zonte.” Galoy describes itself as:

“… a B2B company, serving organizations that embrace Bitcoin as money. We build on the Bitcoin Protocol and the Layer 2 Lightning Network, utilizing the tools created by the team at Lightning Labs.”

Related Reading | Are The Lightning Network’s Almost-Free Transactions The Killer App BTC Needed?

And now, they’re contributing to the Bitcoin ecosystem with this not-for-profit Lightning Network Conference in El Salvador. One that requires that you actually use the novel network to purchase the coveted ticket. And donates all proceeds to Lightning development. 


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