Post
Topic
Board Bitcoin Discussion
Re: Do you know about the first public servant paid in bitcoin ?
by
AmoreJaz
on 08/11/2023, 21:39:16 UTC
His name was Tony Vaughn and he was from Kentucky. He was paid his salary in bitcoin in 2013 , at time when very few even heard about bitcoin. If he would have not sold those bitcoins that he got as salary, he would might have been a billionaire by now. Because bitcoin price at that time was just $1000 a piece , so his wealth would have been about 30 times at current prices.

We have that original thread here in 2013, Tiny Kentucky Town Agrees to Pay Only Police Officer In Bitcoin.

And so he was a police officer, and it was very uncanny for a public servant, specially a law enforcement official losing his belief in fiat system and looking for a alternative like Bitcoin in it's early years.

And he is correct, and let me quote him from that 2013 article:

Quote
"I pretty much think it will eventually take over," he said, "or I hope it does."

though he has such kind of belief, but he still sold it. seems that he needed his fiat at that time but if he did stick to it and not sell, sure, he will be a billionaire today. it goes to show that even if you have strong belief on this market, there are circumstances that you still need to sell because of your financial situation.