OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOH I DIDNT REALIZE YOU COULD USE THE COIN TO BUY THINGS.. that changes everything.
Well, they say you learn something new everyday!
so getting dollars to the exchanges and then changing them to mazacoins and using the smart phone these poor people dont have to shop at a store that already takes dollars is easier than what?
They don't actually exchange dollars they have, to get Maza. They do transactions in Maza, get paid
with it, and buy stuff at local stores that accept it.
Keep their money in the community instead spending it with big US corps.
No one said it would be easy or straight forward, but the guy has an idea and trying to make a change
that helps his people.
A place here in the UK, Bristol have their own Bristol Pound. Stays within the city can be spent with local
independent shops, has both printed notes and traded electronically.
Money stays locally and not scooped up by big business and taken out of the city.
Hey i get that.. and we have had towns do the same in the us.
there are lots of currencies in the US actually.
The point is the IMPOVERISHED lakotas, dont actually have a full market that provides for all needs.
UNLIKE THE CITY IN UK YOU SPEAK OF.
The point is most lakotas are VERY POOR, unlike the city in the UK you speak of which has a wide range of incomes.
the point is bristol coins are a joke.. they are tied one to one the pound and you can go to the local bank, hand them pounds and get back bristol pounds or hand them bristol pounds and get back pounds.
the point is the bristol coins dont have really much to do with anything with computers.. or mining.
yeah they dont need computers.. they can get paper wallets from someone with a computer.. even though paper wallets have their own issues.. they still need someone to want to mine these things. And are dependant on us traders for the value of their currency. And could have their entire economy destroyed by a major dumper. And since there is only about 100k of these folks.. with 55k living in reservations, destroying that economy wouldnt take much btc and you really could take advantage of that when dealing with the indians to steal theri land or what ever, by crashing teh currency before purchase.
I dont have any problem with the coin but people are dreaming and it isnt even a good dream yet. There is too many systemic flaws that have to be overcome that dont even seem to be looked at yet. And promises of lifting people out of poverty without a real explanation on how that is supposed to work.. just saying "they will keep the money in the community" doesnt really mean anything. There are plenty of impoverish nations with theri own currency. AND MOST OF THEM HAVE A BIGGER MARKET THAT PROVIDE FOR ALL NEEDS AND RESOURCES THEY ACTUALLY OWN AND TAKE ADVANTAGE OF.