Dan Held expressed:  The Mayor of Cool Valley, Missouri, wants to give each resident $1K in Bitcoin on the condition they HODL for 5 years. This guy would get my vote.

Community response:  Who’s paying for it? This is a better use of taxpayer funds than 90% of government budgets.

Where do they get the money to do that? From the blue states, the red states can turn around and say blue states spend too much.

Another take: Government wants to collect wallet addresses for every citizen to connect you to your cryptocurrency transactions and break the pseudonymity of Bitcoin.

Great idea, impossible in practicality? Why impossible? At .02 of 1 BTC (supposing a $50k Bitcoin), when bitcoin reaches $1,000,000, this $1000 investment will be worth $20,000. Of course, by then, the USD will be defunct and no longer be a measure for Bitcoin.

So, you’re for stimulus when it’s bitcoin. But not when it’s dollars in a pandemic? Okay.

Fiat mindsets shall not be encouraged. This is why smart contracts are needed for Bitcoin. It could be programmatically locked (HODL).

Bitcoin awareness for this town would be like opening up a Bitcoin gusher for the area. Better than discovering oil.

It would not take giving $1000 to each person. Try holding Bitcoin awareness sessions. Encouraging ownership, installing a Bitcoin ATM.

I would also suggest giving to the kids under 13 to be in custody until they are adults.

The first government to print fiat to buy Bitcoin and give it to their citizens to HODL wins. Will this happen? Unlikely because it would break the trust in fiat, but perhaps someone will once we are on the cusp of losing faith in paper money.

The town would end up in Guinness as the single city in the world with the most millionaires per capita.

I live in Missouri; what a great idea. Generate wealth for Americans again! We all know Hawley ripped away federal aid, so I hope this helps.

Better yet, cut the taxes your collecting by 1k per and let people decide how they want to spend that money.

That is actually quite brilliant; imagine the collective community spending power in 5 years.  Too bad there isn’t some kind of smart contract system that would allow for this to happen.

That is a smart way for people to understand the power of bitcoin as a savings tool. So like welfare? It seems like they should just pull themselves up by their bootstraps and buy their own Bitcoin.