A singular person from Lakota tribal council (who also admittedly knows nothing about cryptos) has stated they will accept Bitcoin and all cryptos, then a few devs started and shoved Mazacoin their way.
Strikes me as odd that anyone would consider Mazacoin as special when they intend on accepting all cryptos (and as stated as long as they can trade them directly for USD.......hmmmm).
Mazacoin provides a sort of legal stability that no other coin, not even Bitcoin, has. Sure, Maza is subject to the same pump and dump and other risks that every other coin has, but it has one thing no other coin has. It's an indisputable official currency. If every government decides they don't like these coins (and they don't) and ban them tomorrow, where are we safe? Mazacoin.
Do people not understand what that means? Hell, even if you're only in it for the short term you have to recognize the value of the publicity surrounding this coin. Right now Maza is sitting at a Market Cap of about $ 2,941,865. Think about this. A total evaluation of wealth for the Lakota Native Americans of under three million dollars? Are you kidding me? These coins are three cents a piece right now. The Lakota tribe(s) are NOT small. This is a cryptocurrency revolution we're talking about.
I get the Auroracoin Pump and dump. It makes sense. But I think it's foolish for people to hold onto those coins hoping this guy does what Mazacoin has already done.
Ignoring short-term publicity and profitability entirely, I think it's well within reason that these coins hit a ten, twenty, or one hundred million market cap. We're talking the economic strength of tribes that hold the equivalent lands of all of South Dakota, plus all the investors.
3M is a pittance. Hopefully people realize this before it hits a dollar or more a coin.