Kentucky police chief to be paid in Bitcoinhttp://news.cnet.com/8301-1023_3-57614544-93/kentucky-police-chief-to-be-paid-in-bitcoin/As the virtual currency rockets toward a trading value of $1,200, Tony Vaughn of tiny Kentucky town Vicco is trading in his bank account for a Bitcoin wallet.
Vicco, Ky., is about as small town as it gets, with a population that hovers around 330 people. That does not appear to have kept its residents, namely Police Chief Tony Vaughn, in the dark when it comes to Internet trends and emerging crypto-currencies.
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. Vaughn's pay will receive standard federal and state deductions, the Hazard Herald reports, before being deposited into a Bitcoin account held by Vicco, where it will then be transferred to Vaughn's personal account.
Bitcoin is arriving at the very last corners of this planet ...
