Topic: Are people really prepared to let Mazacoin die? - page 2. (Read 4629 times)

Because its not HUGE.

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).

mustachecoin! /sarcasm

its not dying  . Just going through the initial pump dump phase. After this serious investors will hold it. The value is up a ridiculous amount from launch. Its got serious backing, which means good news will keep coming out. Once an indian casino starts accepting it  tho

Just want to clear some things up, based on my own little research and deductions, correct me if I am wrong.

People are going around spreading this article that the is not endorsed by the Lakota tribe.

http://www.indianz.com/News/2014/012781.asp

In essence this is true. But what is also a fact is there is actually a schism in the Lakota tribe, there is the traditional Oglala Lakota Nation which is recognized by the US federal government. On the flip side there is the Lakota Republic, which is a theoretical "break away" state/group that was founded by famed Indian activist Russell Means to reclaim lost Indian territory and form a quasi-libertarian native state backed on the gold standard.

http://www.republicoflakotah.com


http://en.wikipedia.org/wiki/Republic_of_Lakotah


So hate to burst everyone's bubble, but this is NOT a legally recognized entity by the US government nor a sovereign state in the sense that we think of it.

Now for my personal opinion, as a big Ron Paul supporter and opponent of fiat currency, I support the work that Russell Means tried to achieve and I suspect Payu Harris is trying to carry on his legacy in his own way. I do NOT believe Payu to be a scammer because he has a credible solid history behind him of working tirelessly for the community and promoting economic development for years now, particularly in the areas of internet and technology. Also if he was going to cash out the premine to enrich himself, he had much better chances to do it when the hype pump occurred the other day, but the account is still active and unclaimed.

If you do not want to support Maza because it is not the "legally recognized currency" you thought it was, I understand. But if you hate our fiat monetary system and want to support something just to stick it to the man, not only do I believe Maza is a good buy but I think it will rise as a wealth preserving commodity akin to silver and gold. It's not an official currency but it also has a political activist base to make it actually worth something.

Also for what it's worth, Russell Means almost won the president of the "official" Lakota tribe a few years back but lost by just a few thousand votes, so even if the tribal leaders don't support it, I guarantee most Lakotas probably would be sympathetic to what Payu Harris is doing, the people matter more than the leaders do, leaders can be voted out and changed but the grassroots is always there.

Hopefully all this news coverage helps to set Maza apart from Aurora. At it's core, it completely different. I think it's important people understand that. It's not always enough to have the support of Devs and the community. Having the backing of a sovereign nation is big news.

This happens soo soo often. Mazacoin caught the overflow from the AUR mania because of how similar it was. The pumpers already made what they wanted and now they move onto the next coin.

Probably too much focus on some other coins or too many coins.

I do find it a bit odd that the coin hasn't really taken off more than it has. People got all in an uproar over the doge Olympic thing with the bobsled team, and it was barely mentioned anywhere ... yet it still worked to raise the price (at least briefly).

I guess people are just jaded and are going with the pump and dump mindset, for almost any new coin, regardless of publicity or merit. The fact that almost the entire alt market has been down probably doesn't help matters.

The lack of interest in the Wallstreet Journal Article (This is HUGE) strikes me as somewhat odd.

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.