Topic: ██[MZC] MazaCoin - National Currency - now @ RussiaToday, Independent, Telegraph - page 47. (Read 167545 times)

Also at this point, it has not done anything for them yet... if they can get a mining community going and earn from and make Maza work for them, and it brings them in millions, and say even more money than they get from the federal gov then they have a shot at being more independent and if it works for them, then I can imagine them going all out and crossing the line and saying to the gov- yep its official... but at this point.. if they let it grow there is nothing to fight... then if it works they can say, yes this is our currency, take your funding, we no longer need it and send your men with guns if that is what you need to do... shoot us in front of the eyes of the whole world and see where that gets you.  

If they take this approach, and they in their self governing capacity make Maza legal tender on the reservation, alongside the dollar , and stuck by their position, and worked to make good of it in the reservation, then this could be really something and the legal status could still be coming further down the line which is why I think it is more than worth backing, and I have done so.

They should aim for the future, and aim big, the technology is there and at a price point that works, and if they take what they want and need from modern society and leave the rest... this could be a great win for them.  Really in this day and age indigenous peoples of all of the globe should be helped in an effort to help them where they need it, and help them and help us preserve their rich cultural heritage, which is interwoven with the heritage of all of mankind. I have visited indigenous tribes in several places around the world and the economic disparity is insane when in those same countries there is vast wealth, and much if not all of it has come at the expense of the lives and cultures and lands of the indigenous habitants that have by on large been held down on an institutional level for a very long time... decisions made decades, half a century ago, still reverberating down the generations to present day, the invisible boot still stamping on their faces.

I think that crypto currency really could help these guys... if they embrace it and turn it into the industry of the tribe, educate and create and build...propser, and there is a window here they could really leverage, and I think that is what Harris is trying to do...

I tip my hat to them...

I am personally buffaloish on Maza.

Thats awesome, so true.

I think people have been taught to believe they have no control. That's why every single price move is referred to as a pump or dump. People can't fathom that a free market might actually be at play and that there isn't a master controller sitting at the helm of everything.

No, the coin is going back to the where it's supposed to be. The price before are not sustainable. We're getting to the actual price without artificial pump.

Ah so its the coin of the people, not the leadership. Thanks that makes me like Maza even more!

Payu and Anonymous Pirate both have made the point that this currency is out of the hands and control of the tribal leadership to avoid internal politics and scandal. So you are correct, it is not trickery, in fact people are missing the fact that this was done by design to avoid trickery.

You make a fair point there. I thought the point of crypto currency is decentralization? But everyone is looking for others to regulate it for them, and they scream scam whenever something bad happens to them.

People should know the risk when they enter this market. This is a jungle, the predator prey on the smaller one.

Why? They didn't lie about anything.

I seem to recall everyone running around calling Bitcoin the "official" currency of the internet as if that has any more truth to it!

Or how about the Bitcoin Foundation, that den of crooks and con artists being the "official" spokespeople for Bitcoin.

It is so funny that for being a decentralized currency, the crypto community desperately searches for a higher power to bless it and become a central authority for it.

OMG, what happens guys? no one believe maza again ?

I was defending Mazacoin....

Yes, I would agree it is quasi-official or "official in that sense". There clearly was a section of the Lakota government involved (Office of Economic Development). But the FUD spreaders are saying it is not official in the sense of vote by council. I don't know what the council of the Lakota said or did about it or what role they had.

Fine, but it could just be poor phrasing and hopefulness? Every coin out there is claiming to be the official coin of something or other. It could have just meant that Maza is first on the scene for the Lakotas. Nobody got approval from Bernhard Riemann, the Incas or the moon either, but if I was a dev there I wouldn't hesitate to call them the official currencies...

I get that it may have been misleading about where the tribal leadership stands, but it isn't necessarily trickery.

 Yep, all one has to do is see the premine hasn't been cashed out, if the coin is dead the chance to make any money is gone forever by this logic.

Not once did i doubt their good intention.

What's happening right now is that a bunch of trader are playing around with its value, something that's unavoidable due to the global and open nature of crypto currency. The devs have no control upon the price since they haven't dump anything, and don't have the resources to pump it themselves.

Of course people are quick to dismiss this as a dead coin because nowadays if the price don't rise 10 times, there's no future for the coin according to them.

Even bitcoin in 2013 have a 5 month period of price stagnation.
 

Nice post, no matter what the hell you think, it is quasi-official because it's not like the Lakota are just going to turn around and create a new crypto to supplant the work Payu has been doing. This is the first and only chance the tribes have to do anything like this, there will be no 2nd shot so in that sense it is official.

The Mazacoin founding press release stated that Mazacoin was "commissioned by the Oglala Lakota Nation" with the task of creating for them "the first ever Sovereign National Crypto-Currency." Now some people have claimed that Mazacoin was claimed to be an "official" currency of the Oglala Lakota Nation. But there is a clear difference between a currency being commissioned to be created, and it being officially adopted. The former would mean the Oglala Lakota Nation looked upon the currency with approval, the latter would mean the currency was legally adopted. But nowhere was it claim by the founder of Mazacoin that Mazacoin was a legally adopted currency of the Lakota. In fact there was a written document that was an agreement between Payu Harris and David Mills, of the Oglala Sioux Office of Economic Development. The agreement can be downloaded here:

http://cryptominers.freeforums.org/the-memorandum-of-understanding-t10.html

http://www.oglalalakotanation.org/oln/PROGRAMS_-_SERVICES.html 

Now even though mazacoin is not the official currency of the Lakota, this evidence shows the agreement between Harris and officials of the Lakota Nation that established mazacoin as a currency. This is not as amazing or news-breaking as "official currency of the Lakota Nation" but it's still a ground-breaking move in crypto-currency.

To be fair to Payu Harris & the rest of the dev/promotion team, they're being very active on spreading the idea of Mazacoin adoption throughout Native American:

http://indiancountrytodaymedianetwork.com/2014/03/03/9-questions-surrounding-mazacoin-lakota-cryptocurrency-answered-153750

And Mazacoin is featured prominently on www.indiancountrynews.com's weekly Native News Update, dated 7th March.

Captain obvious? yeah well you would be right apart from the last buy order for Mazacoin that got executed for me was several days ago on Cryptorush... I did all my buying 1st few days : )  so no they are not my buy orders buying my own coins...  so much for captain obvious..

It's not about them being a "total scam". It's about a certain degree of misinformation about the currency being "official" as listed on website.

You do know $2.4 billion is chump change in international finance right? Forex does over 3 trillion a DAY in cash exchanges. The city of Dallas's GDP alone is over 400 billion. If in the long shot this coin did become an accepted currency of a dozen native tribes, those 2.4 billion coins could be eaten up several times over by major investors.

This is why if you truly believe long-term that Bitcoin has a future as an international digital currency, you'd do best to be stocking up on that and holding strong, because current market cap at 8 billion is not near enough to handle the amount of money that changes hands everyday, it has to go up tremendously. Anyday now you could wake up and find a Carlos Slim figure or mega bank like JP Morgan suddenly bought up 50% of the Bitcoin reserves, that is how cheap it is right now in the eyes of serious money people.

I think its game over for this coin: To many people hoping for a pump and to many "to da moon"- people ^^  (Rule for the Trading-Rule-Book: The moment when "To the moon"-People appear in a cointhread, is's time to get out )