What happened to kentucky police chief paid in bitcoins

He made the request at a meeting held last month. That’s great, but the new measure is just weird. The city commission on Monday approved a measure that would allow Vaughn to receive his salary entirely in Bitcoin, an alleged first in the US and yet another story bolstering the reputation of the unregulated virtual currency as a payment method that will one day, supporters hope, stabilize and become commonplace.

Recommended

Facebook Stephen Colbert put the town of Vicco, Ky. When you’re small American town is dying, you do everything you can to rescue it. But Vicco’s rescuing is officially a lot cooler pzid. Their latest move: starting next month at the earliest, Police Chief Tony Vaughn will start taking his salary in bitcion. We just got off the phone with Vaughn.

LO MÁS NUEVO

Post a Comment Only members obviously can comment; no moderation; direct to page. Powered by Dailymotion. Correct understanding of the properties of Bitcoin. Bitcoin has four main features: lack of geographical restrictions, anonymity, no central issuer and a limited supply. Bitcoin should be a specific virtual commodity, and does not have the legal status of a monetary equivalent. Financial institutions and payment institutions cannot develop Bitcoin-related services.

Get the Latest from CoinDesk

Vicco also made headlines earlier this year by passing an anti-gay discrimination ban, a feat which landed it in the Colbert Report:. Do you care about free minds and free markets? That boy knows more about me than most people in my life, and I love him like a brother, and I’ll take care of him just like that, just like a brother. Because bitcoin is nowhere near stable, Vaughn’s really asking to be paid in a volatile commodity rather than actual currency. The commission opted to ot off on granting Vaughn’s request in order to research the logistics and legalities of such a. This latest social media what happened to kentucky police chief paid in bitcoins has prompted a formal military investigation. Continue This modal will close in