And finally… a little bit

The mayor of Cool Valley, Missouri wants to give every resident £1,000 in bitcoin.

Mayor Jayson Stewart is raising money to give each of the town’s 1,500 residents a bitcoin donation, however, the locals are required to keep the coins they receive.

Mayor Stewart believes that the coins could be transformational to the lives of every resident in Cool Valley. As long as the coins are held onto for several years, Bitcoinist reports.

He hopes that the scheme would act as a trust fund. The coins will be given to each resident, but will be locked so that they will not be able to access the coins for the next five years. After which residents will be able to access the BTC and get them at whatever they are worth at that point.