There are too many coins for it to go back up, about 40 mil every week are being minted.
which would be approx
25,000,000 per week.FIFY
So that's how Payu is calculating his $1 / MZC target -- all we need is this $ 25 million per week infusion into the currency about 40000 BTC right ?
BUY BUY BUY !
The minting figures you guys are posting assume everyone holding MZC is minting coins. This is not the case. I would reckon most don't mint MZC just like PPC.
5000 MZC are born every 2 minutes the 1st year -- mazacoin.org
That gives 5000*30*24*7 = 25200000 new MZC per week
Payu is targeting $1 / MZC so that's
$ 25.2 millions new dollars need to be sunk into this coin each week ! we must update the logo ASAP !
Oh we are talking apples and oranges then... you are talking the first year, and I was averaging out the total over 5 years...I realise the coin flow will not be steady...and less should be mined as each year passes... and I had not remembered 5000 MZC are born every 2 minutes the 1st year, so yeah that makes sense.
...
edit.. I cannot see what the Lakota have to lose from doing this... which is why I think they will...
Are you sure Payu is Lakota?
I don't understand genealogy much but tribes say he's not on any record.
But I feel he loves sticking it to the white man nonetheless ! BUY BUY BUY
What has that got to do with the post? nothing.
I think what Payu is , is from a Northern Cheyenne tribe, I think I do not know.. or err care, I thought there was some mention of him being a honorary Lakota, but again I really could not care less if he is or if he is not- they know who he is, he knows who he is.. that is what matters.
Also methinks that looking forward, the ideal would be the birth of a "Republic of Lakotah" nation and the "h" is not a mistake or a mis-spelling...
Russell had a dream and many other people along with him... lets see if anything can come from their ideas/work.
