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Author Topic: Major Project set to test bitcoins true strengths on Sovereign Tribal Nation  (Read 8101 times)
minermick
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March 06, 2014, 01:07:23 PM
 #61

A bit more digging and it is the same project, he talks about it on this Keiser report, they changed from bitcoin after advice that they could be challenged by the government because it wasn't owned by them. Maza is premined but Payu seems like an honest guy, nice to see something that started and was funded by us get so much coverage and possibly be the first community to adopt a crypto as it's primary currency.

https://www.youtube.com/watch?v=Tyb0LVgW8q8
kimitsugroup (OP)
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April 18, 2014, 04:42:59 PM
 #62



The Mazacoin project developed initially as a side project of the BTC Oyate initiative in order to develop a truly sovereign crypto currency it has since had it's ups and downs...with all the FUD going around about Mazacoin's price drop...Im happy it did...because this gives us a chance to build up Mazacoins true price and make it to something more stable. Mazacoin was not meant to be a Speculators coin...it was meant to be a daily usage coin.
We'll get through this and thrive...

http://youtu.be/2g7LkOgTGeY


Payu


 
ProfMac
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April 18, 2014, 05:03:12 PM
 #63



The Mazacoin project developed initially as a side project of the BTC Oyate initiative in order to develop a truly sovereign crypto currency it has since had it's ups and downs...with all the FUD going around about Mazacoin's price drop...Im happy it did...because this gives us a chance to build up Mazacoins true price and make it to something more stable. Mazacoin was not meant to be a Speculators coin...it was meant to be a daily usage coin.
We'll get through this and thrive...

http://youtu.be/2g7LkOgTGeY


Payu


 

I think that bitcoin itself could use this advice.  Unless it is a currency with low volatility, it can't reach it's true value.

I try to be respectful and informed.
jonald_fyookball
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April 18, 2014, 05:21:41 PM
 #64

Ahhh ok well maybe one thing I need help with is someone that can help with writing this more effectively...this project is merely meant to be a starting point for the tribe to take a more active role in bitcoin development in the future...I have the mining aspect in there because mining is how bitcoins are generated...also as part of that phase of the project I would hope to see perhaps the Tribal College, Sinte Gleska, or OLC take a interest and perhaps develop a course around chipset designs, SHA and SCRYPT Algorithms, Opensource Mining application development, etc.  I feel this would be productive because of Bitcoins inherent Open source platform which would allow a smaller college to develop a course structure around Bitcoin and Crypto technology Bit still the question will come up...How are bitcoins made? and where do they come from? The Mining aspect isn't meant to be a big income producer...it's meant simply to generate enough btc so that the second phase will have a greater chance of success...that being exchange trading. Exchange trading opens the door to market study, how Crypto currency exchanges work and how to exchange Crypto to Fiat and back. this part of the project also seeks to address the Sovereignty question and how tribal Sovereignty can be used to safeguard bitcoin technology and foster it's future growth. look at start ups like Bitinstant, Bitfloor and other exchanges and services that had good services, good aspirations, and good people behind the wheel...but were stopped due to federal regulations and state interference because of misinformation and pressure from the Fiat based banking community. Had a start up like Bitfloor partnered with a Native american tribe, the tribe could have hosted their servers or even helped run a brick and mortar exchange under Tribal Unified Commercial Codes and insulated them from crippling federal regulations...kinda like how places like costa rica host Online Poker sites due to it's international Sovereignty...only in this case you can drive to South Dakota. But there again..the bitcoins need to come from somewhere...and I wont lie there is a amount of risk involved in this project...but rather then asking for people to blindly donate BTC/LTC for us to experiment with...we're looking to fund a way to generate them ourselves we're also look for people who could come out after the project is started and give talks, guidance, advice and more to people here that want to learn. Im not a expert in mining gear...but there are some of you out there that are...that have designed your own units...I know there are people out there that are more experienced with setting up exchanges and how they run...if we get this project started even at a minimal level...how many would be willing to come out to SD and work hands on with the project to help develop it ? if people are leery of donating used gear or BTC how many of you would be willing to donate your time?

You need to work on your communication skills.

Have you ever heard of breaking up your writing
into easy to read paragraphs, like this? 

See how much easier that is on the eyes?


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