Watch the Payu Harris interview http://www.youtube.com/watch?v=TGR3in8iOoc
Many tribes adopting Mazacoin is total fairytale.
Payu says himself he'll work with other tribes as go to coin guy, if they want their own currency.
It's much more appealing to other native indians to start their own coin and get free stash instead of adopting someone else's currency from which they didn't get squat. Get it? Payu will be there to help them launch their own currency but it won't be Mazacoin.
So expect many "mazacoins" from various tribes if this catches on, where each tribe can do their own pre-mine or hold their own stash reserve.
Many tribes adopting Mazacoin is total fairytale.
Payu says himself he'll work with other tribes as go to coin guy, if they want their own currency.
It's much more appealing to other native indians to start their own coin and get free stash instead of adopting someone else's currency from which they didn't get squat. Get it? Payu will be there to help them launch their own currency but it won't be Mazacoin.
So expect many "mazacoins" from various tribes if this catches on, where each tribe can do their own pre-mine or hold their own stash reserve.
Surely, but Maza will always be the first giving it more value. It will also take a while to get others started. There is also the possibility that the Lakotas would be generous with MZC to smaller tribes to encourage them to adopt MZC instead of their own. . . . Oversaturation would be an issue that would cannibalize all the tribal coins, they'd be better off to encourage all North American Natives onto one currency. . .Of course that's a hard sell when the premine is dedicated just for Lakotas - something that could change especially if the price were to skyrocket.
They can't be generous with only 50 million total reserve. That's not even enough for themselves, a 5% of the total quantity, let alone to give out to others.
Seems like plenty to me, less than 5% as well I believe. It isn't all the 'treasury' the 'administration' will have. They will have to generate money to pay for officials etc all those things that don't produce anything in the physical world with tangible value etc. I would imagine an incredibly-fair-compared-to-US-and-bleeding-UK tax system.
