Are people really prepared to let Mazacoin die?

[BulletProof_za]

Yes let it die !
We have enough alts !

[MsCollec]

Cry me a river!  It rise up due to Auroracoin and they are both going  down to bottom of Top 100 coins

[MysticalPotato]

The lack of interest in the Wallstreet Journal Article (This is HUGE) strikes me as somewhat odd.

Mazacoin provides a sort of legal stability that no other coin, not even Bitcoin, has. Sure, Maza is subject to the same pump and dump and other risks that every other coin has, but it has one thing no other coin has. It's an indisputable official currency. If every government decides they don't like these coins (and they don't) and ban them tomorrow, where are we safe? Mazacoin.

Do people not understand what that means? Hell, even if you're only in it for the short term you have to recognize the value of the publicity surrounding this coin. Right now Maza is sitting at a Market Cap of about $ 2,941,865. Think about this. A total evaluation of wealth for the Lakota Native Americans of under three million dollars? Are you kidding me? These coins are three cents a piece right now. The Lakota tribe(s) are NOT small. This is a cryptocurrency revolution we're talking about.

I get the Auroracoin Pump and dump. It makes sense. But I think it's foolish for people to hold onto those coins hoping this guy does what Mazacoin has already done.

Ignoring short-term publicity and profitability entirely, I think it's well within reason that these coins hit a ten, twenty, or one hundred million market cap. We're talking the economic strength of tribes that hold the equivalent lands of all of South Dakota, plus all the investors.
3M is a pittance. Hopefully people realize this before it hits a dollar or more a coin.

Could you assist in clarifying a few details please?

(i) Has the Pine Ridge Reservation or Oglala Sioux's tribal council accepted MazaCoin as a sovereign currency, or at the very least, endorsed it?
(ii) In the event the tribal council accepts MazaCoin, are they empowered to do so under the 1934 Indian Reorganization Act? Or are they still under the direct authority of the Secretary of the Interior for Indian Affairs as well as the U.S. Secretary of Interior himself (both who naturally will consider the introduction of an alternative currency as illegal)?
(iii) Has any physical business accepted MazaCoin as legal tender?

Thanks.

EDIT:
Just saw this forum post by the developer.
"The AIM movement is currently not a fan of MazaCoin. Because the developers (myself included) are white. They believe it to be a "white man's scam" at this point. As for First Nations there may be more sympathy there, but so far they are silent."

Source: http://cryptominers.freeforums.org/getting-associates-t26.html

[coingii]

mazacoins possible ties to the free lakota bank is what has me semi nervous. regardless i plan on picking up a decent amount and holding it. i appreciate what payu is trying to accomplish and i hope he is successful. i also hope the lakota nation decided to stand behind this, if only they could see what benefits this could have on the economic status of their community

[gollum]

They should create a new premined crypto backed by gold.
1 coin = 1 gram of gold

[baka]

Let it die, hell I'd personally kill it if I could.

[lunas]

I live in south dakota mazacoin if it is used as the dev intended great too bad it never will. Mazacoin will be used to fatten the casino owners pockets the owner touts that it will be used to help the impoverished lakota the majority are alcoholic pot/meth heads/junkies who spend the money they get on drugs. There are very few who would use the coin as intended.

[Bit_Happy]

The lack of interest in the Wallstreet Journal Article (This is HUGE) strikes me as somewhat odd.

Mazacoin provides a sort of legal stability that no other coin, not even Bitcoin, has. Sure, Maza is subject to the same pump and dump and other risks that every other coin has, but it has one thing no other coin has. It's an indisputable official currency. If every government decides they don't like these coins (and they don't) and ban them tomorrow, where are we safe? Mazacoin.

Do people not understand what that means? Hell, even if you're only in it for the short term you have to recognize the value of the publicity surrounding this coin. Right now Maza is sitting at a Market Cap of about $ 2,941,865. Think about this. A total evaluation of wealth for the Lakota Native Americans of under three million dollars? Are you kidding me? These coins are three cents a piece right now. The Lakota tribe(s) are NOT small. This is a cryptocurrency revolution we're talking about.

I get the Auroracoin Pump and dump. It makes sense. But I think it's foolish for people to hold onto those coins hoping this guy does what Mazacoin has already done.

Ignoring short-term publicity and profitability entirely, I think it's well within reason that these coins hit a ten, twenty, or one hundred million market cap. We're talking the economic strength of tribes that hold the equivalent lands of all of South Dakota, plus all the investors.
3M is a pittance. Hopefully people realize this before it hits a dollar or more a coin.

Your post is good but this "It's an indisputable official currency" is disputable since they are not a genuine, independent nation.
Interesting story, stay tuned...

[CycleSurfer]

If it's not this Indian tribe/nation, it will be another Indian nation that will adopt it's own crypto-currency.  Because bitcoin has economic value and advantages that no one can dispute.  Plus, it's such a damn good idea!!