An idea that might restore some relevancy to Mazacoin/
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Mazacoin tries to bill itself as "a Native currency", but the reality is that it is mostly owned by non Natives and has no real tangible connection to any future Native economy, aside from a premine, about which there are questions.
The one saving grace of Mazacoin is that most of its holders, if not Native, are at least strong supporters of a Native economy.
The problem is the coin itself, its distribution, history and so on. So here is one possible solution that will allow Mazacoin to be used for what it actually is, a coin for outsiders to support a Native centered economy.
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1) Issue a new coin with a substantial premine, to be distributed to Natives in North America.
a) If the coin were 50% premined and those 50% were distributed to Natives with at least 50% Native blood, the remaining 50% of mineable coins, would be quite valuable.
b) In North America it is not that hard to let Natives be identified (by percent Native blood) reliably, with their consent, for the purpose of distributing coins. The U.S. generates a lot of paper on people.
c) One of the biggest issues people have with a distribution like this could be solved by having a wallet assigned to each qualified person, and having the coins in the wallet unavailable for spending, but stakeable, with the interest spendable. So a person would get a wallet with, say, 1000 coins. The wallet would be in their name and not sellable, nor transferable, except on death. The holder of the wallet would have the interest available to spend but would never lose the blalance. If it were hacked, at most the interest could be stolen, the coins could not be stolen. The coins would always pertain to that person.
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Mazacoin has a premine, some of which has been accounted for, I believe. If that premine were used to create liquidity for the new coin, for example swapping the entire Mazacoin premine for (a very tiny) percentage of the new coin then initially there would be some equivalency between the two coins, and an easy market for people who wanted to speculate on the unpremined 50% of the new coin before a substantial quantity were available.
Key problems to avoid would be
a) Any tendency to overconnect the two coins, in other words to provide some excessive benefit to Mazacoin holders. Mazacoin should not dilute the value of any (more genuine) Native currency, but it would be a useful go between currency potentially.
a) Any lack of transparency anywhere in any step of the process. One of the big problems with Mazacoin is secretiveness involving the premine and other aspects of the coin. A new coin should not be given that problem too.
Just an idea
How much is the pre-mine as of today I saw a post that the Developer of the coin was doing some type of gun registration with Maza. That is a bit on the right track but the current price is pretty low and I thought we could be on more exchanges than just Bittrex.