It’s not very often that a government official, either past or present, immerses himself into the world of peer-to-peer decentralized virtual currencies. Most civil servants have the mindset that bitcoins, litecoin and other digital currencies will pose a threat to the status quo rather than improve the marketplace.
Count Edmund C. Moy, the 38th director of the United States Mint from 2006 to 2011, is a government employee that has become an important analyst when it comes to bitcoin. On his website, he publishes articles relating to bitcoin, such as “The Currency Revolution, Courtesy Of Bitcoin.”
Moy, who was appointed by President George W. Bush, even went to social media to aver how the major financial institutions are getting competition from the five-year-old cryptocurrency: “It’s Time Banks Got Competition. Time for Cryptocurrencies,” Moy tweeted last month.
$2.6B fine 'won't do much damage': Credit Suisse CEO. It's time banks got competition. Time for cryptocurrencies. http://t.co/OT3dBTDlrq
— Edmund Moy (@EdmundCMoy) May 22, 2014
Bitcoin media outlets are now abuzz after it was confirmed that Moy will be addressing a bitcoin conference in Raleigh, North Carolina as a keynote speaker for Cryptolina. The news was announced by event organizer Faruk Okcetin, who has noted that more than 500 new guests will be in attendance.
“This is a game-changer. Ed Moy is widely respected among the finance and exchange industry, and is among the highest level officials yet to recognize both the future and inevitability of cryptocurrency. The Carolinas are thrilled to be hosting Mr. Moy’s first appearance at a Bitcoin conference,” Okcetin stated in a press release.
Cryptolina will take a look at the current state of bitcoin and address the issues surrounding the cryptocurrency community. Other important speakers at the event include Elizabeth Ploshay of BitPay and the Bitcoin Foundation, and angel investor Mark Easley.
Moy has been a key figure in government as he has advised the Treasury Secretary, collaborated with the Federal Reserve to project demand and worked intimately with Congress. He has also analyzed payment systems and trends in outlays.
