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.
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.
If the time comes when ink and paper meet and if this get signed off as an official currency.. then the $ will really really flow.
Thinking about it.. what have they got to lose? I cannot see why they cannot officially say they have adopted Maza as an official currency in their eyes, and that it is their currency, but they will also continue to use and recognise and accept $ - that way they do not challenge anything so much, they just add an addition to their laws, for their people, I imagine there are other laws that they take quite seriously that outsiders do not care about or have to abide by. If they adopted the currency in this way, then if the fed gov were to react in a heavy handed way then that would be seen as most as childish and as just a way of keeping the boot to their throats.. why not help and encourage this and in turn the Lakota I say. Plus with NY regulators handing out applications for exchanges... the FED gov should really really just give the Lakota 100% free reign, let them try and fail... if it means that they can pull themselves out of poverty, and build something then that would be good for all .. good for the gov- no more handouts, less to do/be involved in, one less worry... and a new "neighbour" plus the world would actually be very impressed at this behaviour from the USA- the Lakota would really benefit if this all worked out well, the crypto currency world would have another rather special enclave...... what bad could really come of it for the US gov? come on... when you take everything into account, they have far far far far bigger problems!! they should welcome this with open arms! it would be very forward thinking.. and win win.
edit.. I cannot see what the Lakota have to lose from doing this... which is why I think they will...
Also those handouts that everyone keeps talking about... they are not long for this world anyways! and the Lakota.. apart from wanting to build something for the future on their own lands, must know that.. the handouts are not long for this world!!!
Edit: If this is what they want to do, actually the world (err Europeans/"the settlers"?) should do everything they can to make it happen for them... they are OWED far more than that in my eyes.
