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what happened to kentucky police chief paid in bitcoins

You are now logged in. Forgot your password? Vicco, Kentucky, a town of about miles east of Lexington, has agreed to their police chief's request to be paid in Bitcoin. The commission opted to hold off on granting Vaughn's request in order to research the logistics and legalities of such a move. On Monday, the commission ruled that it would not be a problem and approved a city measure that would allow the transactions.

Vaughn will still pay state and federal taxes, Mayor Johnny Cummings explained. The city will remove the applicable taxes prior to depositing his pay in an online account for the city, where it will then be transferred to Vaugh's Bitcoin account.

Mayor Cummings said that the city account has been set up and Vaughn will likely receive his first Bitcoin payment by the next paycheck cycle. Vaughn told reports he was " excited " about the commision's decision.

Vaughn also said, "We're a small town, so we're trying to take every progressive move we can make. So it's just an interesting experiment. However, Tech Dirt's Mike Masnick thinks the whole thing could be little more than a publicity stunt :.

Police Chief Vaughn is among those featured in the video, talking about how Mayor Cummings is his best friend. Both Cummings and Vaughn have talked about "capitalizing" on the attention, including appearing on a reality TV show.

A reality TV show where they show off how "unusual" they are? Suddenly the idea of a wacky police chief who gets his salary paid in Bitcoin seems like yet another "hook".

Perhaps supporting Masnick's cynical interpretation, the city plans to set up a Bitcoin account where visitors are encouraged to donate to help pay for local infrastructure improvement projects. Josh Blackman Stewart Baker Veronique de Rugy Reason Roundup. Plus: Is there anything the upcoming spending bill doesn't contain? And more Elizabeth Nolan Brown Police Abuse. A Montgomery County, Maryland, ordinance authorizes impoundment and misdemeanor charges for cyclists who lack the requisite sticker.

Jacob Sullum Tulsi Gabbard. Robby Soave The party that's calling for huge tax increases on the wealthy is about to hand wealthier Americans a big tax break that will add to the federal budget. Eric Boehm Cancel Culture. This latest social media freakout has prompted a formal military investigation. Do you care about free minds and free markets? Sign up to get the biggest stories from Reason in your inbox every afternoon.

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what happened to kentucky police chief paid in bitcoins

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Police Chief Tony Vaughn, who said he will donate his salary to a Vicco Bitcoin account, appeared before s commission last month to request getting his paycheck converted to Bitcoins. The Hazard-Herald. Bitcoins are touted by some experts as the future of money. Officials in a small Appalachian town that has seen its coal industry dry up over the past two years are hopeful that Bitcoins, the Internet currency, can play a driving force for jobs. Both the mayor and police chief from Vicco, Ky. Vaughn said he was approved by the city commission to have his entire take-home pay exchanged from the U. His salary is believed to be the first instance of a government worker being paid in the Internet currency. He made the request at a meeting held last month.

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You are now logged in. Forgot your password? Vicco, Kentucky, a town of about miles east of Lexington, has agreed to their police chief's request to be paid in Bitcoin. The commission opted to hold off on granting Vaughn's request in order to research the logistics kenfucky legalities of such a. On Monday, the commission ruled that it would not be a problem and approved a city measure that would allow the transactions.

Vaughn will still pay state and federal taxes, Mayor Johnny Cummings explained. The city will remove the applicable taxes prior to depositing his pay in an online account for the city, where it will then be transferred to Vaugh's Bitcoin account. Mayor Cummings said that the city account has been set up and Vaughn will likely receive his first Bitcoin payment by the next ;olice cycle. Vaughn told reports he was " excited " about the commision's decision. Vaughn also said, "We're a small town, so we're trying to take every progressive move we can make.

So it's just an interesting experiment. However, Tech Dirt's Mike Masnick thinks the whole thing could be little more than a publicity stunt :. Police Chief Vaughn is among those featured in the video, talking about how Mayor Cummings is his best friend. What happened to kentucky police chief paid in bitcoins Cummings and Vaughn have talked about "capitalizing" on the attention, including appearing on a reality TV. A reality TV show where they show off how "unusual" they are?

Suddenly the idea of a wacky police chief who gets his salary paid in Bitcoin pwid like yet another "hook". Perhaps supporting Learn more here cynical oentucky, the city plans to set up a Bitcoin account where visitors are encouraged to donate to help pay for local infrastructure improvement projects.

Josh Blackman Stewart Baker Veronique de Rugy Reason Roundup. Plus: Is there anything the upcoming spending bill doesn't happebed And more Elizabeth Nolan Brown Police Abuse. A Montgomery County, Maryland, ih authorizes impoundment and misdemeanor charges for cyclists who lack the requisite sticker.

Jacob Chife Tulsi Gabbard. Robby Soave The party that's calling for huge tax increases on the wealthy is about to hand wealthier Americans a big tax break that will add to the federal budget.

Eric Boehm Cancel Culture. This latest social media freakout has prompted a formal military investigation. Do you care about free minds and free markets? Sign up to get the happpened stories from Reason happwned your inbox every afternoon.

Search for:. Email Address. Instant Analysis of Texas v. Impeaching Slow, not Fast Josh Blackman Most Read. Taxes Eat The Rich? Continue This modal will close in

Bitcoin News

Search for:. Bticoins if bitcoin's advantages turn out to be more than just speculative mania, he could stand to make astronomic amounts of money. The first transaction will likely be executed by the end of the week. Vicco made national headlines kentucjy commissioners voted in January to pass an ordinance prohibiting discrimination based on sexual orientation or gender identity in employment, housing and public accommodations. Veronique de Rugy Discussion threads can be closed at any time at our discretion. We delete comments that violate our policywhich we encourage you to read. He said he had to recently cut employees' hours at his chie in order to prevent layoffs. The city expects to be able to pay Vaughn this way as early as this kntucky. Jacob Sullum Continue This modal will close in Police Abuse. The Bitcoins will then be transferred to Vaughn's personal account. To be clear, Vaughn will be taxed in U. They're just not getting the permits they need. Be respectful, keep it civil and stay on topic. There are plenty of reasons why that might not happenbut uh

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