Former US Congressman Ron Paul Receives His First Bitcoin


Former Texas Republican congressman and presidential candidate Ron Paul obtained his reportedly first Bitcoin (BTC) from Bitcoin Basis board member and Bitcoin pockets startup Ballet Crypto founder, Bobby Lee, on Oct. 28.

Ron Paul now owns a gold plated Bitcoin pockets

Lee publicly introduced the reward he had given to Paul on Nov. 2, noting that the coin has been loaded right into a gold-plated Bitcoin pockets produced by his firm Ballet Crypto. He added that additional care has been given to customizing the pockets to higher go well with the previous congressman:

“It was a particular serial quantity AA000820 to match his birthday! And he loves the #Gold colour.”

The wallets produced by Lee’s firm are non-electronic bodily wallets meant for chilly storage of cryptocurrency. Their format is much like that of a bank card, and so they function the passphrase of the pockets beneath a scratchable layer.

Freedom of cash

Paul obtained the reward at a lunch that befell on the Litecoin (LTC) summit 2019, additionally within the presence of Litecoin founder Charlie Lee, who stated that each one three of them share some beliefs:

“We’re all #libertarian — private liberty and #freedomofmoney.”

Paul — an outspoken critic of the Federal Reserve — is thought for his advocacy of gold. As regards to Bitcoin, Paul famous in July that he’s in favor of cryptocurrencies and blockchain know-how as a result of he helps competing currencies.

Paul’s stance can also be in stark distinction with the concepts of U.S. congressman Brad Sherman, who believes that cryptocurrencies — probably competing with the nationwide foreign money, i.e. the greenback — ought to be banned. In late October, he stated:

“Cryptocurrency both doesn’t work, during which case traders lose some huge cash, or it does obtain its targets maybe and displaces the U.S. greenback or interferes with the U.S. greenback being just about the only reserve foreign money on the earth.”

Then again, not all U.S. representatives share Sherman’s greenback maximalist view. As Cointelegraph reported this week, two congressmen confirmed help on Bitcoin’s 11th birthday, noting that the know-how has created “infinite potentialities for technological innovation and privateness protections.”

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