Edmund C. Moy, former director of the US Mint, announced via Twitter that he bought his first Bitcoin:
I bought my first bitcoin last week. Easy peasy.
— Edmund Moy (@EdmundCMoy) July 15, 2014
His tweet was retweeted 185 times and generated a plethora of various reaction, mostly positive. He confirmed that he bought the coins via Coinbase and that his first true purchase was 0.25 BTC, which would cost $155 based on today’s exchange rate.
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While serving at the mint, Moy won the Alexander Hamilton Medal for public service. Following his resignation, he served in leading positions at L&L Energy and Morgan Gold.
Moy has written about Bitcoin in the past on websites such as MoneyNews. He often compares Bitcoin to gold and alleges that discussions on the topic are often one-sided. He strives to provide a balanced perspective on the topic, highlighting the pros and cons of both bitcoin and the US dollar. He concludes a March analysis with the following:
“Of course, this is a snapshot in time and given the speed of change, a broadly accepted cryptocurrency can change everything very quickly. But ultimately, it is not about which one is better, but what works best for each individual in each transaction. The future is likely to see a range of currencies co-existing with each other, each competing along a different margin.”
Though the Mint is now part of the US Treasury, it would seem that the outlook of its leadership has remained separate and distinct from related bodies such as the Federal Reserve, which typically espouse highly pro-traditional fiat views. One official recently said that Gold and Bitcoin make lousy money.
The Royal Canadian Mint has also looked into the future with its attempt to create a p2p form of the Canadian dollar.