Bitcoin Forum

Governments like russia have already banned cryptocurrencies. Mazacoin is the official currency of a  domestic dependent nation. This might grant mazacoin defacto legality. 

The US or any other country could also outlaw cryptocurrency tomorrow. This puts all other cryptos outside of mazacoin in a grey area.

Well since the Lakota nation consists of 7 tribes(MazaCoin) is located within the nation of the US(North Dakota & South Dakota) it will be interesting what happens depending on what the US Gov does to it.

No.

It is however a scamcoin with a HUGE premine and a silly story.  See Auroraoin but in this case the "people" don't have computers or legal documents even or jobs or internet.

Bitcoin is considered as a currency by the United Kingdom.

Can we just delete this entire sub-forum?

Such a stupid question the OP asks.  Obviously MAZA is NOT legal and Bitcoin has been legal in dozens of countries for a year.

Don't think you can compare it to Auroracoin at all, It is the official currency of the lakota nation.  They have actual means of commerce ie.. casinos. Auroracoin is made by a random person, and may not be legal

"Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act",[19] however commentators suggest bitcoins mined within Iceland could be freely traded."


What you may think of as a silly story is something that is important to tens of thousands of native americans. Mazacoin could also spur other countries to adopt cryptocurrencies as official or semi official currencies. Its a very big deal, you are blind.

Are you that ignorant that you think native american indians dont have computers, jobs, legal documents, or the Internet?

I'm not confident that you know what you're saying. There's a college near me where the majority of students are Native Americans. They live like everyone else.

Bitcoin is unregulated in most countries. Once regulated they might become illegal. Unregulated = Grey area. Look at what happened in Russia after regulation.  

The question I am asking  is if a crypto is adopted by a country or a domestic dependent nation  as an official currency, does that give it defacto legal status?

Yes if the country is sovereign .... but is it?   It will be interesting to see.

I'm more in favour of maza since why would i give money to people that will never be allowed to use crypto currency? they will simply be forced to extract straight back to fiat and forget crypto.... maza is far more like something i would get behind. However i only have a couple of thousand of those so i will wait and see, i don;t like buying anything after it goes up 800% in one day. That has often been financial suicide.

Both interest projects....let's see what happens.

MazaCoin is has a better chance of survival and value increase than aurora. Just watch what happens after the air drop. I was lucky enough to buy aurora @ 4$ and sold @ 80$ but I wont stay in or buy anymore as this big bubble is destined to pop.

Clearly you don't understand tribal law then. I live in Oklahoma and it is established that if a crime happens on tribal territory then it is usually their jurisdiction. The tribes have a lot of power and frankly a lot of money. The Lakota may be the poorest of the tribes but don't think other ones won't watch this eagerly. I think this coin has the potential to be as huge as Bitcoin, imagine the average investor who is already nervous about Bitcoin being a den of ponzi schemers and drug dealers, they see a legal authorized currency from a recognized Indian tribe, it puts their minds at ease about putting their money into it.

Also, who says ONLY the Lakota has to use it? I can imagine other neighboring tribes adopting it as well, and obviously most people right now buying it are not Indian either. It could finally be the alternative currency that libertarians and patriot types have always wanted to compete with the US dollar except now the feds can't come in and seize all the reserves and arrest the creator.

People on twitter are talking about this coin going to .001 that sounds crazy to me.

The UK has ''Legalised'' BTC in a sense and only at this stage.

They have outlined that BTC is subject to Taxes, Not VAT anymore but things like Capital Gain's, income tax etc etc.

Although this statement suggest's they are condoning it, it doesn't mean they wont change the legal rules surrounding BTC later down the line... But any crypto currency falls under these same rules.

So even if maza coin is ''declared'' legal is some place doesn't mean other countries are going to accept it... Making it just as worthless as the next crypto if all was declared illegal.

Remove the thread its to retarded to even read.

You seem to have agreed with me. Except your too biased to notice it.

BTC is a grey area.

Legal maza can be banned, but so can any recognized currency. Countries don't normally ban recognized currencies. If BTC was released by the US Govt as eUSD, do you russia would have banned it? Face it mazacoin, and other "recognized" currencies are in a different league.

Obtaining legal permission is mission #1 for any legit currency. 

This is what we're aiming for with JFK: https://bitcointalk.org/index.php?topic=500246.20

Please comment so that you can help spread awareness and stay in touch with the latest developments.

inflationary scamcoin is not good for teh hodling

You are correct.  A currency of a recognized sovereign nation is in an entirely different league. 


You can criticize the the inflationary rate, but 'sovereign recognition' is a big thing.  Now, if a coin is recognized by say a U.N. member state (different from a U.S. tribal nation), then that would be even be a bigger deal!

Under international law BTC would be legal for indigenous populations to use regardless of its legal status in the country they reside in. As under international law indigenous populations have the legal right to adopted and use any currency they choose, independent of the host nation.

Having said that Mazacoin looks simply to be a scam coin thrust on them by someone claiming to have created the coin for them.

I think you are mixing thing up.  There is a very big difference between declaring a coin as the legal currency of a nation and the legal use of a currency.

Also,  you need to do some research to claim that Mazacoin doesn't have approval from its tribal governing body (which it does).

lmfao if it was true, like africacoin or something like that where there is no internet or computers and average life expectancy is like age 26 or less because most of the population has aids because they are too stupid not to just not have sex or just use condoms and most of them are nasty dirty whores.

I think you got what I wrote mixed up and read into it what you chose too. I never said anything about legal currency of a nation, I simply said under international law indigenous populations have the legal right to adopt and use any currency they choose.


Having the legal right internationally doesn't guarantee the host nation will allow you too, many nations consistently violate international law, with little or no repercussions.

You are stating the obvious in both paragraphs.

I think you are to hung up on this notion about 'pre-mining' being a No-No.

And it's trading fast at Atomic-Trade exchange.  That exchange is Registered with FinCen! So USD trades possible too.


USA  Exchange Https://www.Atomic-Trade.com (https://www.Atomic-Trade.com?refid=WI2FBRV6)

wow its good news!!

Yeah yeah singular member of the Lakota nation council looks at the idea of using bitcoin as the official currency after its promotion by a singular member of the Lakota nation.

They look at the idea of accepting all cryptocurrency and they are approached by a dev team that wants to push forward their own scam coin, hence the creation of yet another unnecessary scam coin.

2 individual members of a nation can't suddenly declare it the legal currency of a nation (unless of course its a dictatorship).

You need to spend time reading the documents rather than coming up with some speculation about this.

Here is the original article in Forbes magazine back in December that talks about it:

http://www.forbes.com/sites/jasperhamill/2013/12/19/native-american-activist-wants-to-swap-the-dollar-for-bitcoin/

Read that article and 10 more like it, plus several video interviews with both that activist and the tribal council member (With the tribal council member stating clearly on several occasions he doesn't understand cryptocurrencies).

Prior to forming my opinion.

Just because the tribal leaders don't understand it doesn't mean they didn't bless it or see its potential either. I see far too many geeks here who try to argue Bitcoin will be great because it solves the Byzantine Generals problem or explaining the intricacies of the blockchain, yada yada, it's all geek talk frankly and most people don't care, just like most people don't know the difference or care to whether a coin is SHA-256, scrypt or written in Visual Basic. What people care is whether this is the future of money and will it secure their wealth and make the transfer of it between parties easier, end of story. If Maza can solve this and build wealth for the future of the Tribe, then it serves its purpose. I also think it might surprise people and attract far more mainstream investors than Bitcoin will in a short term because it's not infected with the media taint of drugs, money laundering and ponzi crooks, because let's face it, Bitcoin has a BAD image right now even if it isn't deserved. The battle for crypto will be fought not by technical achievements but in the public arena.

Lets tell the truth about this:

Recent reports vary but many point out that the median income on the Lakota Reservation is approximately $2,600 to $3,500 per year.

The unemployment rate on Lakota Nation is said to be approximately 83-85% and can be higher during the winter months when travel is difficult or often impossible.
 
About 97% of the population lives below Federal poverty levels.
 
There is little industry, technology, or commercial infrastructure on the Reservation to provide employment.

So I tell the truth and try to warn people and you pull out the "ohh racist bigot" card.  Facts are facts this is a giant scam, who is going to install the internet backbone and hand out PCs so this "sovereign advanced country" can even use their coins?  The devs will DUMP them all when the people are not able to claim them.

The official Lakota Tribal council has not approved this in any official document, the devs just say "someone associated with the tribe approved it."  WTF does that mean?

I could say I am associated to the tribe because I have researched them.  Come on.  Shills and fools.

I dare anyone to PUBLICLY BUY 15-30 BTC worth and HOLD them for a year in a public address, locked in escrow, where you cannot get your MAZA back until 12 months from now, if you had balls that is what you would do if you really KNOW this is the best shit ever.  Step up be a man and prove it.  Buy 15-30 BTC worth and lock them up publicly in escrow so thjat they will not be released for 1 year.

If you have the balls to do that - I'll buy some.  Any takers?  Isn't this the best thing ever that is going to be worth billions and change the world???

You just got owned by FACTS.  LRN2RESEARCH.

And do you honestly think poor people in America's ghettos or trailer parks still using 1999 Packard bells with AOL dial up are any more ready for Bitcoin? Or ordinary middle-class housewives who use iPhones instead of computers because it's idiot proof? Sorry but come down to earth, Bitcoin is still at not much a higher point for mass adoption than Maza or Aurora is.

Most Americans don't even own any stock, and if they do they rely on a broker. Do you really imagine the average American owning a Bitcoin wallet and buying Bitcoin within the next 2 years, because I certainly don't. The best we can expect is we see a whole industry of middle men who buy it for them as a speculator commodity.

I wouldn't use racist remarks here even if you don't like a particular coin. Wiping out the whole of Africa as retarded is not something to be discussed on public forums. There have been great minds coming out of Africa so lease respect all races in this forum we are just discussing coins.

I don't have much sympathy for migrant northern-siberian (present day russian siberia) who try to claim 'victimhood' while they themselves waged racial, cultural, and ethnic wars and crimes against not only the founders of United States but also against each other and to other disadvantaged people until the late 19th century (aztec slavery and huron war of virtual genocide against other tribes are few of many).

Forget the idiotic bitching about 'pox blankets' (disease from the 'old world' devastated the amerindian population far before foundation of United States - by the time conflict started with United States of America, amerindian population was already past the stage where such disease could have affected them any worse then the old world people), or 'holocaust' (maybe they will like to reclaim their 'heritage' and live under Aztec slavery instead).



Two racially charged people, one of them clearly worse then the other, went to war and one of them won. At least US doesn't deny its actions as much as these insipid 'natives' playing at being victims. These pathetic 'amerindians' are in no position to play at having some moral ground regarding their attitudes.

Also, the idea of crypto currency is that it's not controlled by some established entity of governance. If anything, those who support it with hashing machines are the ones holding the sway. Lakota have little means to do so, while rest of the world do, not to mention US government.

Let's be realistic. I got no tolerance for these fools playing at being mouthy 'victims' while enjoying the benefits and relative peace under what is realistically one of the most successful and prosperous nation on earth. This is more than they deserve.

They should count their lucky stars it wasn't someone else who got to the Americas first. They would have met the fate of Ainus and Ughyrs, not to mention other minority tribes that simply ceased to exist at all. Geronimo wouldn't have had a chance to make nice with the so-called 'oppressors', but would have had his head stuck on a pike while his 'people' would have been reduced to complete slavery without any qualifiers.

Fuck the amerindians. I got no problem being 'racist' against those who are asking for it. As a minority in America who lived around the world, the bitching and moaning of these so called 'victims' are laughable. So are the mouth and antics of those who all of a sudden seems to care SO MUCH about 'indigenous' rights while attempting to ignore and silence those within their own countries who really do deserve a voice, which they completely deny.

Give Kurds, Ainus, Ughyrs and other 'minorities' in your nations their land back, which is far more over due than a couple centuries that US has been around.

LOL bitches/

Name one single treaty the US ever honored with the tribes, there is not one, but the Indians are getting the last laugh sucking the white man dry every weekend at the Casinos.

/facepalm

hahahahahaha.  Rarely do I LOL IRL after a forum post anymore.

I think that may actually be sig worthy.

LOL those casinos are failures that caused great divide within their own tribes because for all their bitching, they changed their tune when profits started rolling in. How cheap is their so-called 'conviction' :)

White man got the last laugh on that little venture, trust me ;D

In regards to those 'treaties', those tribes didn't even deserve them. I will, however, let you know the single biggest treaty offered by amerindians that they conveniently broke (just like all other justifications about their 'honor' and 'nobility'): 'This land belongs to no one but earth'.

They sure changed their tune quickly to 'our land' when things turned out different than what they wanted. People are calling you out on your little bullshit.

The biggest hypocrites are the amerindians, who even managed to deceive themselves about how 'they were the ones betrayed'. Every other word out of their mouths were self-deceiving lies. Your 'feelings' and actual actions show great discrepancy. Typical bitch mentality.

For someone with the name peacefulmind you are one hateful little troll. By the way I like how you threaten to throw around bets of 10-20BTC,  you are probably a spoiled rich brat like Fontas who gets off on posting his lavish lifestyle photos on Instagram, some of us worked and dedicated long hours just to buy ONE Bitcoin, no big surprise you wouldn't give one sh-ts about a tribal trust to help struggling people out and have the nerve to call it a scam.

I hope if I am ever lucky to jump on a coin early and make a fortune I don't turn into you.

This shows exactly how stupid peacefulmind really is.

https://bitcointalk.org/index.php?topic=195703.msg2034479#msg2034479

You don't know me boy.  Keep me out of your fantasies.

I understand the subject but I want to know some numbers:

How much money can I make If I have 1,000 Mazacoin?
How High can it goes??

There is nothing wrong with people making money.  Just be straight up.

I have a problem with lies and premines.

Limitless money.  Billions and Billions.

MZC is really nice. esp that in place where MZC peopel live there is alot of SUN.

So says the person who thinks there is a "vast conspiracy" (does that include Israel, lol) to hold Litecoin down. The only thing holding Litecoin down is its weak community and lack of PR. I guess all the variations of Linux are what held it back from conquering the world too Amirite?

Why the fuck are you talking about Israel?  I don't appreciate your insinuation and anti-semitism.

I did okay buying up LTC from 0.50 cents to about $2.00.  And it is years later and I'm not selling.  Just like I'm not selling the BTC I bought from $30 to $70.

Sucks you were not smart enough and missed out.

Guess you can curl up with your MAZA lol.  Good luck.

I would tell you what a smart person would buy but you wouldn't do it anyway.

Tell me what can I buy? and how much can I make...

Do people not realize how big this coin is for cryptos as a whole? If your not investing you're crazy. You will own a piece of history.

Hey you were the one throwing around accusations of big companies, and Israel paying people to spread balogne online and insinuating there is a conspiracy against Litecoin, that takes the cake for craziness. If higher powers that be are out to destroy crypto, trust me, Bitcoin is on their radar first, I doubt the Feds even know or care what Litecoin is because at this point it's irrelevant and its fortune and status is due to being the first alt out the gate, nothing more.

I guarantee you the Feds are more scared of a major Indian tribe adopting crypto than Litecoin, hence the "friendly" FBI call to the developer and tribal chiefs!

Really, all ball busting aside...

I hope all your dreams come true and this coin comes to be the one that brings you all the success you dream of.

for Billions, I need the coin going up,1million per coin, when will it happen? I'm ok with 10,000$ per coin Mazacoin

You have me really confused with someone else.

You are an obsessive little freak going through my post history of hundreds of posts spanning years and picking one word from one and combining it with one word from another that was months later, then making up whatever you fantasize about to fit in the middle.

Fuck you.  Stop post stalking me you creepy little fuck.  Your mother is calling you.


Everyone else - I hope you make a ton with crypto, whatever it is.

This explains the premine. The premine was there so they could have a reserve of currency for the Lakota people. They plan to give out grants of mazacoin to individuals, businesses, and non-profit organizations.

http://wiki.cryptsy.com/wiki:mazacoin

Here is the text of the announcement:


I bolded the key statements.    So by treaty with the U.S. government,  the Oglala Nation has the right to mint new currency.    Not only is this right recognized by the U.S., but also apparently internationally. 

So to answer the original OP question,  MZC is the only cryptpo-coin that in UNAMBIGIOUSLY LEGAL INTERNATIONALLY.


Furthermore, similar to Casinos,  apparently they may have also the right to run a legal exchange!

mazacoin is the only legal cryptocurrency?

yeah. what are you smoking? I sure would like some of it.

Legal by International Treaty.

All other coins... every country will have to figure out if they allow it or not.

There is over 50k listed in Sell orders at Atomic-Trade.  If you want some, that's the place to be!

USA  Exchange Https://www.Atomic-Trade.com (https://www.Atomic-Trade.com?refid=WI2FBRV6)

There is nothing wrong with premines as long as the coin's value doesn't drop to the floor as soon as you buy it and before you've had a chance to recover your investment.

But then, if you use those criteria as a measure of the coin's 'scam' factor then there are plenty of non-premined proof of work coins that qualify and loads of premine proof-of-stakes that don't.

What IS a problem is posters with a chip on their shoulder about this or that coin algo, distribution policy, price or other property that they happen to hate, hysterically slapping the 'scam' tag onto coins and swearing at other posters.

MODS: Target practice please.

vote for Mazacoin to be added on Cryptsy!

https://www.cryptsy.com/coinvotes (https://www.cryptsy.com/coinvotes)