The problem around here is just way too many teenagers and dumb kids, you can spot one instantly when they declare, "What, a billion coins, it will never be worth a dollar!", clearly they have no grasp of how little money a billion is in a global economy.
Indeed, and Bitcoin, which is now being exchanged for goods and services in terms of decimals of BTC has proven that a successful coin is better when the coin cap is in the billions rather than in the millions. The general public are more used to paying 7 dollars/pounds/coins than 0.0007 dollars/pounds/coins for something. 
Topic: Mazacoin: don't believe the FUD - page 2. (Read 5683 times)
The problem around here is just way too many teenagers and dumb kids, you can spot one instantly when they declare, "What, a billion coins, it will never be worth a dollar!", clearly they have no grasp of how little money a billion is in a global economy.
Its a strange phenomenom. We invest thousands into questionable coins and then ignore, downplay, or sabatoge the ones with merit.
I agree
Its a strange phenomenom. We invest thousands into questionable coins and then ignore, downplay, or sabatoge the ones with merit.
B..b..but, Zedcoin is the OFFICIAL coin of zombies, it has value, I know because I'm 14yrz old and it made me money to buy a Playstation 4, so suck on that and screw your scam coin! /typical BTCtalk poster
Its a strange phenomenom. We invest thousands into questionable coins and then ignore, downplay, or sabatoge the ones with merit.
I think we'll look back on this as the great altcoin flood of 2014. Once all the joke, scam, and gimmick coins are drowned out by other joke, scam, and gimmick coins, the ones that have something to offer will stick around. It will become clear over the coming months which ones actually offer something, like Maza.
Of course, Maza could go belly up with the rest of the altcoins. But I don't think it will. It offers plenty that other coins don't.
Its a strange phenomenom. We invest thousands into questionable coins and then ignore, downplay, or sabatoge the ones with merit.
The coin is far from scam.
I wish we had more word from the members of the Nation as well as the entire council as to their opinion of the project. Has there been anything from them yet? It looks like if reporters had real interest in this story they would be asking the people it was meant for their opinion.
FYI:
The agreement between Oglala Sioux Tribe Office of Economic Development & The MazaCoin Development Team consists of:
"JOINT VENTURE
BETWEEN
Oglala Sioux Tribe Office of Economic Development
AND
Bitcoin/Mazacoin Project
1. PURPOSE OF THE MEMORDANDUM OF AGREEMENT
The purpose of the memorandum of agreement (MOA) is to establish the relationship between the Oglala Sioux Tribe Office of Economic Development, (OSTOED) & Bitcoin/Mazacoin for the purpose of implementing a supportive partnership joining resources.
2. ESTABLISHMENT OF STRATEGIC PLAN(S), TO ENHANCE DISTRICT DEVELOPMENT.
The Oglala Sioux Tribe Office of Economic Development & the Bitcoin/Mazacoin agree that O.S.T.O.E.D shall serve a supportive Technical Assistance role in the development of Bitcoin/Mazacoin.
3. REPORTING REQUIREMENTS
The Bitcoin/Mazacoin shall timely file with the Oglala Sioux Tribe Office of Economic Development a monthly report as a cooperative effort to track the progress of Bitcoin/Mazacoin during the time that Bitcoin/Mazacoin is operational.
4. FACILITY FEES
During the course of said agreement no cost will be incurred for OSTOED technical assistance, as the objective of this venture is to create an investment for the Oglala Sioux Tribe in the crypto currency market to assist with Economic Development on the Pine Ridge reservation.
5. TERM OF AGREEMENT
Bitcoin/Mazacoin is to be in compliance with all Business development requirements that are established within the Oglala Sioux Tribe. This MOA shall be in effect for one (1) year and shall be considered null and void once the Oglala Sioux Tribe is well established within the crypto currency market.
David T. Mills, Director
Payu Harris, Bitcoin/Mazacoin Owner
"
So it appears both the Wall Street Journal and Indianz.com both could have written are more balanced/better researched article. I think the Maza team need someone with better PR skills. I appreciate all their hard work and the fact that Payu Harris has been travelling around and engaged with publicity, and that they have extremely limited resources, but markets are not always logical and often emotional, so they need to get the wording right in all there publicity, otherwise the fear sets in and traders get the jitters.
The agreement between Oglala Sioux Tribe Office of Economic Development & The MazaCoin Development Team consists of:
"JOINT VENTURE
BETWEEN
Oglala Sioux Tribe Office of Economic Development
AND
Bitcoin/Mazacoin Project
1. PURPOSE OF THE MEMORDANDUM OF AGREEMENT
The purpose of the memorandum of agreement (MOA) is to establish the relationship between the Oglala Sioux Tribe Office of Economic Development, (OSTOED) & Bitcoin/Mazacoin for the purpose of implementing a supportive partnership joining resources.
2. ESTABLISHMENT OF STRATEGIC PLAN(S), TO ENHANCE DISTRICT DEVELOPMENT.
The Oglala Sioux Tribe Office of Economic Development & the Bitcoin/Mazacoin agree that O.S.T.O.E.D shall serve a supportive Technical Assistance role in the development of Bitcoin/Mazacoin.
3. REPORTING REQUIREMENTS
The Bitcoin/Mazacoin shall timely file with the Oglala Sioux Tribe Office of Economic Development a monthly report as a cooperative effort to track the progress of Bitcoin/Mazacoin during the time that Bitcoin/Mazacoin is operational.
4. FACILITY FEES
During the course of said agreement no cost will be incurred for OSTOED technical assistance, as the objective of this venture is to create an investment for the Oglala Sioux Tribe in the crypto currency market to assist with Economic Development on the Pine Ridge reservation.
5. TERM OF AGREEMENT
Bitcoin/Mazacoin is to be in compliance with all Business development requirements that are established within the Oglala Sioux Tribe. This MOA shall be in effect for one (1) year and shall be considered null and void once the Oglala Sioux Tribe is well established within the crypto currency market.
David T. Mills, Director
Payu Harris, Bitcoin/Mazacoin Owner
"
So it appears both the Wall Street Journal and Indianz.com both could have written are more balanced/better researched article. I think the Maza team need someone with better PR skills. I appreciate all their hard work and the fact that Payu Harris has been travelling around and engaged with publicity, and that they have extremely limited resources, but markets are not always logical and often emotional, so they need to get the wording right in all there publicity, otherwise the fear sets in and traders get the jitters.
...and red herring as has been pointed out by others above. Thanks for the condescension.
Quite welcome
BTW. I am fully versed in logical fallacies. The whole notion that this was a scam originated from an appeal to argument from authority in relation to the author of the article.
Great...you've just provided your first valid defense that I've seen so far...keep going.
Make REAL points now.
No need others have already provided appropriate links to the documents above.
...and red herring as has been pointed out by others above. Thanks for the condescension.
BTW. I am fully versed in logical fallacies. The whole notion that this was a scam originated from an appeal to argument from authority in relation to the author of the article.
Great...you've just provided your first valid defense that I've seen so far...keep going.
Make REAL points now.
BTW. I am fully versed in logical fallacies. The whole notion that this was a scam originated from an appeal to argument from authority in relation to the author of the article.
Please identify the assault on his character. I was merely paraphrasing what his own father said in the linked article.
You need to learn what Ad Hominem means. I even linked you to a dumbed-down explanation which gives a direct example.
Please identify the assault on his character. I was merely paraphrasing what his own father said in the linked article.
Where is the attack? I merely reported the facts.
It doesn't necessarily need to be false to be an Ad Hominem attack/logical fallacy.
The point is, you resorted to assaulting their character instead of actually addressing their points and making one yourself.
And honestly, it's quite pointless to try and paint the messenger in a bad light. What he reported wasn't scandalous...it was irrelevant/pointless. The devs never claimed that it was adopted as legal tender...the WSJ did. Read the article.
The coin is far from scam.
I wish we had more word from the members of the Nation as well as the entire council as to their opinion of the project. Has there been anything from them yet? It looks like if reporters had real interest in this story they would be asking the people it was meant for their opinion.
Where is the attack? I merely reported the facts.
It doesn't necessarily need to be false to be an Ad Hominem attack/logical fallacy.
The point is, you resorted to assaulting their character instead of actually addressing their points and making one yourself.
Edit
Relevant https://yourlogicalfallacyis.com/ad-hominem
Where is the attack? I merely reported the facts.
The devs never said it was officially endorsed by any tribe...the point is to build it up and educate people to using and adopting it.
The Wall Street Journal didn't do the coin any favors by printing that ridiculous headline "Lakota Indians Adopt New Digital Currency" which they've since taken down and replaced with "Lakota Indian Promotes New Digital Currency". That's really where all of this started. They asked the leadership if they have adopted it and they said no. The devs never said they did. And so people cry scam....really dumb.
The Wall Street Journal didn't do the coin any favors by printing that ridiculous headline "Lakota Indians Adopt New Digital Currency" which they've since taken down and replaced with "Lakota Indian Promotes New Digital Currency". That's really where all of this started. They asked the leadership if they have adopted it and they said no. The devs never said they did. And so people cry scam....really dumb.
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