Almost back in the top 100 for market cap. Rated 103 on www.coinmarketcap.com. You can buy about 160K MZC now for about $20 now. Why not? If the Lakota do accept it and start using it, it will be valuable. Otherwise, it's like a bad movie. (This assumes you have $20 you could live without.)

Sounds good. Thank you for your work.

Sorry, there were two pre-mines of 25 million coins (still only about 1.2% of the total coins to be produced).

One is for the BTC Oyate Project and is for "economic development and stimulus".
Verify transactions at: MNG15HKzUQeiT8QmtAghvSKpQwwgzZSFzS

The other is for the Mazacoin Tribal Trust, which will give grants of 1000 MZC for individuals, 10,000 MZC for businesses and 50,000 MZC for non-profit Tribal organizations.
Verify transactions at: MKhbYDjoEUUJq1xoLqT5Xe4yLCNa1qWKqT

It is all explained here: http://www.mazacoin.org/about.html

The point is that if you are cynical (and it is so easy to be) and think it's a scam, hold them accountable. Encourage businesses and charities to apply for these coin grants. If they apply and the coins aren't there, then something is wrong. I have written to about a dozen Lakota and Indian charities and businesses, and so far only 2 or 3 have responded and politely said they're not interested. That seems like the real problem, not theft of pre-mined coins.

I forgot to give the link to the David Mills letter: http://mazatalk.com/david-mills-director-oglala-sioux-tribe-office-economic-development-status-mazacoin/

While I am disappointed that there is still practically no mazacoin activity among the Lakota so far, it is still early. The coin was launched about 3 months ago. The Tribe apparently is evaluating the benefits of mazacoin, and Payu will report to David Mills at some point in the future. (See )

The pre-mine was 25 million coins out of about 4 billion to be produced (0.625%). It is managed by the BTC Oyate Project, and all transactions can be verified at MNG15HKzUQeiT8QmtAghvSKpQwwgzZSFzS with a blockchain explorer. Payu is managing it, and he can be held accountable. He is not anonymous, like most coin founders.

The purpose of the pre-mine is to give grants to businesses, charities, and tribe members who agree to use mazacoin. I understand that hardly any have been given out so far. I think that he wants some mazacoin activity to get started so that people will have places to spend the coins when they get them. Otherwise, they'll just sell them for dollars on exchanges like with auroracoin. But if a Lakota business or charity wanted to accept mazacoin, they could apply for a grant with Payu and get coins. Problem is that no one wants to yet. "Bit-what?" "How does this crypto stuff work?" "Paypal works fine for me", etc. etc. Think about how many business in your town accept bitcoin. How many accept alt coins? Practically none, right? Give it some time. Hopefully the tribal office of economic development will give the green light and start encouraging use of mazacoin by tribal businesses and charities and activity will pick up.