Former US Mint Director: “I Feel Strongly About the Promise of Cryptocurrencies”

"Mr. Moy’s past work, however, that makes his presence among us interesting."

I don't know why. He was Director of the US Mint: he printed coins. It's a manufacturing business. It has nothing to do with monetary policy, fiscal policy or law as far as I know.

If the Secretary of the Treasury said something ... well, then we'd have a story.

Let me just make the token comment minimizing any positive Bitcoin stories, the title of this guys position makes him seem more important than he really was in the economic world. The director of the mint is more bureaucrat than economist. So while him having a positive view of cryptocurrencies is certainly good news, I could see the possibility that supporters of cryptocurrencies will hold this up as a bigger story than it really is.

Feel strongly? Which way?

"I feel strongly about violence" - Mr. Bungle

It would be nice if this were more meaningful but the Mint director is not significant policymaker or even influencer. Perhaps he is in a position to advocate for cryptocurrencies from an informed position regarding the cost of printing reasonably secure banknotes, but he's not equipped to say much about whether, for example, Argentina should convert to a cryptocurrency if their current currency collapses and the altternative is dollarization.

Cryptocurrencies are pieces of technology. Technologies don't make promises, people do, and most of the time those promises are empty. I have the feeling that this guy knows nothing about the technology, only about what people have promised or hope for.

It's refreshing to read comments from someone who gets what cryptocurrencies could represent in the wider world, especially someone with former government connections.

The premise? or the promise?