Topic: ... - page 8. (Read 36930 times)

The developer has been incredibly vocal and public about mazacoin and its goals. This is the complete opposite of auroracoin.

I thought Auror coin was a blatant scam with a symbolic gesture to fool unsuspecting crypto buyers/traders to buy the coin while devs dumped a large premine before the so called "airdrop" happens.  There was no coordination with the government or even an organization in Iceland ahead of time so it was sololy controlled by the developers.  It was a ponzi scheme at best.

So I assume that maze coin is going to be done the same way huh?

Any direct word from the tribe would be a big boost. Also the coin should have been 100% premined at than handed/sold off by tribe to make the value much more stable.

At the Free Lakota Bank, our standard unit of account is an ounce of .999 fine Silver. Additionally, we authorize the private minting of our own private currency, minted in .999 fine silver, .9999 fine gold, and .999 fine copper. One of our goals is to help educate our community of the dangers from debt-based fiat currency and fractional banking. We strongly suggest that you trade and save in silver, copper & gold of any name, brand or mark – so long as you can attest to the purity of the coins you circulate. To develop a profit for ourselves, Sovereign Members of the Lakota Nation commissioned the Lakota currency in partnership with the American Open Currency Standard. We use our currency for private trade within our nation, and also authorize the global sale and exchange of our currency. Lakota currency is available in copper, silver and gold in the following units:

http://www.freelakotabank.com/lakota-currency/

I am over here crying I am laughing so hard at the naysayers who were acting like because they are poor and non-white (native american) that somehow they would be incapable of functioning on anything other than fiat paper and firewater.

These guys have been issuing their own non-fiat for YEARS now. This is nothing new to them. It's a natural evolution for them.

We are the ones who are having trouble with non-fiat, not these guys. They are ahead of us.

But this also points to how quickly and seamless the adoption will be to switch to mazacoin.

These guys have been issuing their own currency since 2008, this is only new to us....to them mazacoin is a natural evolution in something they are already engaged in.

http://www.freelakotabank.com/

The Free Lakota Bank is the world’s only non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money: .999 fine silver. All of our demand deposits are liquid, meaning they can be withdrawn at any time in minted rounds.

In 2008, the Free Lakota Bank became the first bank to offer what has now come to be known as Commodity Banking. In this new banking system, value is stored in easy to monetize commodities as opposed to government-issued, controlled, inflated and deflated fiat currencies.

Payu was had a talk about the coin at the NYC Bitcoin Center,  I'm sure he was asked this very question.

Anyway, you are just speculating at this point.

Which says precisely nothing about them adopting it as a currency.
I think that portion has been completely made up.

Dude, since it's SHA256 algo, same as Bitcoin, you simply can't use Cudaminer, it's for Scrypt variants, Blake, and Keccak/SHA3 at the moment, and I doubt there will ever be support for SHA256 since it's really pointless to waste GPU power on something that's owned lock stock and barrel by ASIC mining.

You will find announcements here:

http://cryptominers.freeforums.org/official-announcements-f4.html

You will find the Memorandum of Agreement.

Here is the info for the director (Office of Economic Development):

David T. Mills, Director
PO Box #669
Pine Ridge, South Dakata 57770

Tel (605) 867-5771
Fax (605) 867-1471

Give the man a call.

And then there is this article as well.  It acknowledges that Harris has spoken to the tribe about the currency, but in no way does it say that the tribe has officially adopted it  :
http://indiancountrytodaymedianetwork.com/2014/03/03/9-questions-surrounding-mazacoin-lakota-cryptocurrency-answered-153750

So it is even more surprising that noone seems to have heard of it?


And yet it isn't mentioned in the December minutes of that Economic and Business Development Committee:
http://www.oglalalakotanation.org/oln/-EBD._comm.html

Nor in the January minutes of the Tribal Council:
http://www.oglalalakotanation.org/oln/-council_minutes.html


I have. I can't find a single document from the Tribe itself even discussing MazaCoin, let alone adopting it as their currency.

Yes, I read it and I thanked you for the link.  I'm not making any declarations one way or the other.  Like I said before, just an FYI.

Did I not post an article from Forbes that this coin was in the works for several months?

Unlike AUR that has no official recognition by the people of Iceland,  MazoCoin is technically a project reports to the council of economic development of the tribe.

Go read the documents!!!! 

A announcement by the Lakota Nation would be nice... but it will be only likely if this initiative is proven successful.  Like when the market cap is in the $100 million.   

I recommend you should wait for the announcement ... just to be safe.  That way you don't lose any money (of course you won't make much either!)

That's a good question.  My concern is that it is fairly simple to take the name of an under-represented people and use it to pump up a coin (and subsequently dump).  I am wary of the fact that no one else seems to know about the coin; I don't understand why it should be a secret to the very people it's supposed to help.  I may be wrong.  I've been wrong before.  But why hasn't there been a general announcement among the Lakota Nation?  That's my concern.

What would be sufficent may I ask?

It's taking off again.

Main engine ignition.

Watch this Cryptsy link:

https://www.cryptsy.com/markets/view/163

When it shows MZC, you know 100% that it is listed.

I'm going to make a call now.  I bet that Mazacoin overtakes Auroracoin in marketcap within 7 days of this post.

I bet .1 BTC.  Anyone want to make that bet?  You have to have more than 50 activity to accept the bet though.

When I say this, if Auroracoin goes down and Maza goes up and they cross at some point during the week, then I win.

Difficulty now at 35 million range! 

Voted!

Come on people!