Edmund Moy served as the 38th Director of the United States Mint (2006–2011), appointed by President George W. Bush. He later became a notable advocate for Bitcoin and digital currencies.
Bitcoin Advocacy
Moy gained attention in the Bitcoin community in 2014 when he began publicly speaking about cryptocurrencies as competition to traditional banking and as a return to privatized money. As a former head of the institution responsible for producing U.S. coinage, his endorsement of Bitcoin carried unique credibility.
He has spoken at Bitcoin conferences, appeared on the Bitcoin Knowledge podcast, and written about Bitcoin’s potential to disrupt traditional notions of currency.
Quotes
On Bitcoin and the privatization of money:
I see Bitcoin as the improvement in technology that allows money to be privatized again, back where it should be. If money is primarily used in economic transactions between two people, then it makes a lot of sense that money should be privatized because it’s used between two people.
On Bitcoin’s implications:
Cryptocurrencies like Bitcoin are decentralized. As a result, it is the most profound challenge to governments’ monopoly on creating money. Bitcoin, and the ideas behind it, will be a disruptor to the traditional notions of currency. In the end, currency will be better for it.