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. |
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Anyone just see those buy orders at 120k on pal? WTF? Looks like manipulation to me, or a glitch
This is a setup for eventual Cryptsy listing. |
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That's the part I liked too. There's already a lot of money flowing in. If they convert a percentage to MazaCoin it will be in the millions. Think about the tie in here... you have the option of converting your poker chips into USD or MazaCoin. Even better yet, poker chips are denominated in MazaCoin!! |
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The Verge article that was just published a few article says this:
Roughly $220 million flows through the reservation every year, through the Prairie Wind casino and other venues, according to Harris.
Hmmm... Litecoin like valuations!
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""We’ve gone through 100 years of imposed poverty. That’s the fight we’re having," he says. "What we’re trying to do with MazaCoin is just spark something to get us out of this cycle of victimhood."
Pretty sobering stuff when compared to a bunch of privileged whining crypto day-traders on the internet all declaring that this currency is either a scam or it will make them a gazillionaire.
When I got into crypto, I went in with only one goal in mind, just to make enough money to buy a house. If I got rich doing it, that would be great, but a lot of people in the Bitcoin game are truly delusional and all think it is a guaranteed path to obscene riches. There is no guarantee even Bitcoin will be successful. All those people who bought Bitcoin for pennies on the cheap, i'm saying it now, you are LUCKY, it wasn't a game of skill and you really didn't take a huge risk considering how cheap it was at one point, you got lucky because nothing is guaranteed in life. If you are wealthy you should be blessed with what you have, but I see so many guys like the mods and famed trollboxers at BTC-E for example bragging about what lambo or Benz they will be buying next year and acting like they are kings of finance while talking sh-t about new coins, I guarantee you they were all geeks 4 years ago sitting in their parents basement playing Warcraft. This is why I support Mazacoin, Harris is not going out there claiming he will make his tribe stinking rich but to help pull them out of poverty, a very noble cause in my book. The verge article has a very intersting piece of info: http://www.theverge.com/2014/3/5/5469510/native-americans-assert-their-independence-through-cryptocurrency-mazacoinRoughly $220 million flows through the reservation every year, through the Prairie Wind casino and other venues, according to Harris. |
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Here is the text of the announcement: MazaCoin Press Release: First Sovereign National Crypto-Currency In History Announced
Friday - December 27, 2013 12:00 Noon ET USA
The MazaCoin Development Team is proud and honored to have been commissioned by the Oglala Lakota Nation to create for them the first ever Sovereign National Crypto-Currency. It is rare in history when we witness any nation creating a new sovereign coinage. This alone makes this an historic moment. The Oglala Lakota Nation have internationally recognized sovereignty, and their right to mint currency is guaranteed by treaty. And in fact the Oglala Lakota Nation has already exercised that right symbolically by minting collectible coinage and trading rounds.
Choosing to deploy a genuine and functional national currency is nevertheless a bold initiative. Choosing to utilize a Crypto-Coin for this purpose is truly innovative and courageous. It will change the lives of the Oglala Lakota people forever.
All the information you need is available on the MazaCoin website. We encourage everyone to follow the MazaCoin Twitter account for real-time updates on the MazaCoin launch. The MazaCoin Development Team is available to answer any of your questions about the coin's deployment. The MazaCoin Development Team does not speak for the Oglala Lakota Nation, it's government or it's people. Our focus is to give them the best Crypto-Currency possible as part of their National Heritage. We are volunteer Crypto-Currency programmers, miners and enthusiasts.
MazaCoin is but one part of the BTC Oyate Project directed and founded by Payu Harris. The BTC Oyate Project has as it's goal the introduction of Crypto-Currency into the Oglala Lakota Tribal economy. MazaCoin is one aspect of this plan. A Crypto-Currency exchange haven and mining farms on Tribal lands is another. Any questions regarding the socio-economic impact of MazaCoin on the Tribal economy, or other aspects of the BTC Oyate Project - should be directed to Payu Harris.
SINCERELY -- The MazaCoin Development Team
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! |
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I've requested coinmarketcap.com to add mintpal as an exchange for MZC.
That is why right now you'll see the combined volume for MZC on coinmarketcap.
$ 1,753,730 traded in MZC... that is very impressive! This is more than PPC and more than DOGE volume yesterday.
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The original development plan remains the same, that is when Bitcoin 0.8.7 is released (now called version 0.9.2) then it will be a month to upgrade the codebase that includes ColoredCoin functionality. That has not changed. However, I would like to add a new set of capabilities in the interim that may be very interesting. There is a coin called CounterParty that works of the Bitcoin blockchain. This plan is to port CounterParty to iXcoin. There will be no-need to change the 0.8.6 client. This is additional software to enable iXcoin with the following additional capabilities: https://www.counterparty.co/These allows iXcoin to also work with 'exchange like' capabilities. Let me know if there is any intersest in this project? I am seeking 50,000 IXC for this to CounterParty port to be created. |
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Good research. Bought coins cheap now. definitely some good research, This is a what makes crypto so powerful Well I heard about this back in December. I was lobbying to become the developer. Unfortunately, the only time I heard back was a query about running an exchange because the coin I was creating (i.e. NEX) had exchange capabilities. Anyway, we'll see how that discussion turns out. |
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Also, you need to do some research to claim that Mazacoin doesn't have approval from its tribal governing body (which it does).
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. 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/ |
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You really think the US has no deal with those tribes, they can try hide their pride under laws and historical reparations but when I see a map I only read "United States of America", Mazacoin and any other coin is under US laws, so far they have been favorable to Bitcoin, for Mazacoin luck.
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. I see you are a mazacoin fanboy, so I shouldn't even waste time replying, but think about this: who allowed or made the: laws? US gov, money? US gov, "power"? US gov, nothing so far from this tribes are anything beyond what the western civilization allows. And no 80 IQ or above libertarian will get out of the FED dollar right into a premined coin. All these things you associate bitcoin with are nothing but force-fed FUD from the media, bitcoin is the most neutral coin so far it can serve to almost any purposes, except a quick-rich scheme. I think you are to hung up on this notion about 'pre-mining' being a No-No. |
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Over 1000BTC 24h volume and in the top 10 on coinmarketcap... If you think Big Vern and co wouldn't want their noodly appendages in that pie you are naïve.
I'm glad to have gotten some under 1000 satoshi, and even just the BTC I could spare from a few weeks mining that I put into MZC is now worth more than any other coin holding I have.
I am tempted to sell now, but I will be waiting for it to hit cryptsy and watching it double again. The mental barriers for "how high can a national sovereign crypto go and how quick?" (even though MZC and AUR aren't truly national currencies, that's what the people buying will and have believed) are well and truly down. People have seen aurora rocket to #2 and 1bn on the same premise that MZC has, and I have a strong belief they will buy it all the way to tens of millions of market cap.
The biggest mistakes I have made in crypto have all been based around assuming people won't buy dumb things. DOGE is an example of this.
Many differences between AUR and MZC. Cryptocurrencies are illegal in Iceland. Only 100K AUR are floated. MZC breaches the legal hurdle, however at least 40 million MZC are floated. |
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I'm in, hope it's not too late :/ Let's hold !  I think this coin has a very good chance to reach the moon.  You be careful, it may already be on the moon. |
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Who said that Cryptsy will take it up? I hope these are not just rumors.
Rumors? There are no rumors that Cryptsy will take it up. It is an expectation that they will. |
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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. 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. |
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After MtGox, Flexcoin, now even Poloniex just received a minor blow. If we consider Silk Road 2 and the several people claiming to have seen their Bitcoin disappear from their Bitstamp account, Bitcoin Internet Payment Services (on Nov 2013), it seems the major activity is to steal Bitcoin. Was it not supposed to be a secured investment? We should be able to tie up a coin to a person (fingerprint, wallet address, etc..) and make it unstealable. Am I giving any idea or feature to implement in iXcoin?  ?? PS At least, nobody seems having stolen iXcoin, up to now. Many of these cases that you mention... MtGox, FlexCoin and Silk Road 2 were likely an inside job. |
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So what you think MAZACOIN will go up to? Should we buy more coins now of MAZA and hold for the Cryptsy peeps? Won't the price go down on Cryptsy because of the dumping there or not? How would they dump if they don't already have the coin? Typically when you get into a new exchange that has higher liquidity, the price goes up momentarily. |
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