Topic: Major Project set to test bitcoins true strengths on Sovereign Tribal Nation - page 4. (Read 8154 times)

i smell a finshaggy sock

Have you considered using other cryptocurrencys, or making your own in order to best suit your needs? 25-50 BTC is a lot of money, but the concepts which you are trying to prove (true market viability of cryptocurrency) could easily be established with a less expensive currency whose value could be independent from bitcoins and you could set.
Also, are you sure they are going to want to pay for the electricity to mine?

Just go there, explain what bitcoin is to them.
They'll take over.

Bitcoin Development Project Concept:
The Concept for this project is to test Bitcoins true market viability by introducing it to a economically impoverished area, and education the local community in regards to 3 elements,
1.) BTC Mining including ASIC hardware and development, software and control scripts
2.) BTC Exchanges and trading, understanding how market volatility works and  how it can be good for the overall industry.
3.) Payment Processing and merchant acceptance
The Target location is the Pine Ridge Indian reservation in western South Dakota, this location  was selected for two main reasons, one is it's long standing history of economic hardship and poverty. Also it's unique political status as a Sovereign nation, this would insulate it from outside federal regulations and the issues surrounding that. This will allow the Oglala Lakota Tribal nation to freely explore a BTC based market and can determine what, if any, regulations should be imposed in order to maintain a free market and consumer security at the same time
Our immediate goals are 25-50 BTC in order to purchase basic Mining gear to get started with Phase one of the project
For those interested in Donating we've set up 2 main Donation Accounts
BTC Donations: 15v9sS7KPPmBw4wgRDYVGrRiaMXNphCxdd
LTC Donations: LYADg8z4vFmmay3Fo35dh1FpGVxpU5p5sY
Also for those willing to Purchase/Donate Mining gear or with input and/or advice on this project email me Payu Harris BTC Oyate Project mgr   [email protected]