The forward looking and courageous decision of the Traditional Lakota Nation to adopt a Crypto-Coin as their national currency will pave the way for other countries in the world to abandon out-dated and dysfunctional forms of fiat currency. MazaCoin will create an economic foundation upon which the Traditional Lakota Nation can build lasting wealth and prosperity for their people. And MazaCoin will take it’s place in the world of Crypto-Currency as a solid Alt Coin backed by the unique legacy of an ancient culture and nation. MazaCoin is another historical first in the grand renaissance of money that is the Crypto-Currency revolution. The entire world will benefit from MazaCoin, and all are welcome to join our community.
First Sovereign National Crypto-Coin In History
Crypto-currency is a commodity, like gold. It’s value is primarily determined by consensus of the users in a free and open marketplace.
The MazaCoin Development Team is extremely proud and honored to have been tasked with creating this Crypto-Coin for the Traditional Lakota Nation. We welcome them into the fellowship of the global Crypto-Currency community.
Read More: http://mazacoin.org/
Lakota Indian Nation Adopts New MazaCoin Crypto-Currency As Legal Tender
Posted on Mar 4, 2014
Reblogged this on Spartan of Truth.
Keiser Report: New Crypto Phenomenon Ethereum (E569)
Published on Mar 1, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Jon Corzine of bitcoin trying to concern troll his way into a bailout and failing. And while 6 percent of all bitcoins allegedly went missing via MtGox, every year 3 percent of China’s GDP goes missing into property and bank accounts in the US, Canada and Australia.
They also look at a recent study that friends of Timothy Geithner were rewarded by the stock market as much as friends of Suharto were in Indonesia.
In the second half, Max interviews Charles Hoskinson, a cryptographer and one of the people behind a new crypto start up called Ethereum.
They also discuss cryptography, bitcoin and maxcoin.
Insulted By Big Bank Control, the Lakota Nation Create its own Currency
The Fiat monetary system was created by the elite for the garnering of their own wealth and power, and they continue to manipulate the global economy accordingly. It is only public confidence in that system that today has no real value hence the resurgence of gold and silver the value of which is being manipulated.
By John Vibes
A reservation has created their own rendition of Bitcoin to trade locally and circumvent federal regulators.
Bitcoin, and Crypto-Currencies in general are very controversial topics that have been receiving a great deal of mixed reviews in the media recently [typically].
Following Bitcoin’s explosion in value, a wide range of alternative Crypto-Currencies have sprung up to create the first free market in banking and currency. Regardless of one’s opinion on the subject, it is an interesting experiment to see everyday people creating their own currencies at a rate that has never been seen before on this planet.
While this free market has produced some ridiculous concepts such as Dogecoin and Coinye West, the freedom for people to create their own currencies has incredible potential. For example, one Native American tribe in South Dakota has decided to create their own currency, and its creators believe that it could reduce poverty on the reservation.
The tribe’s currency, the MazaCoin “will be as simple & easy to use as BitCoin of which it is a fork custom designed for the socio-economic needs of the Oglala Lakota.”
Payu Harris, the tribal council representative for the Oglala Lakota Nation is one of the main representatives for the BTC Oyate Initiative Project. According to its website the project is an “exciting chance for Bitcoin to prove its market viability as a means of trade, identify potential pitfalls and security challenges, and showcase its availability as a merchant-payment solution for small business and entrepreneurs,”
“We’re estimating the initial price on the going market of copy.25, which gives us a $2 billion market capitalization,” Harris told KOTARadio.com.
“…I would like to extend a hand to the city to see if we can work in conjunction with each other to establish a proper tax regulation,” Harris added. “Some of the people using this currency will be in Rapid [City]. I think this is an excellent opportunity for additional revenue for the city.”
“The btc generated will be forwarded to the second aspect of the project which is Crypto Currency Exchanges and trading and will be used to help train beginning Native American traders on the basics of cryptocurrency trading, futures contracts, market strategy, CC pairs, and more,” states the Oyate Project description.
“Also lastly the project aims to produce a massive promotional campaign aimed at small business owners to help facilitate their acceptance of bitcoin as a viable means of payment for goods and services.”
Harris believes the Bitcoin can become the Nation’s primary means of trade and exchange, and alleviate poverty in a community insulated from big bank-controlled federal regulators, Indian Country reported.