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Lakota nation adopts MazaCoin crypto-currency as legal tender

Published time: March 03, 2014 20:53
Screenshot from mazacoin.org

Screenshot from mazacoin.org

A Bitcoin spinoff known as Mazacoin has been adopted by a confederation of seven Native American tribes as their national currency. The Oglala Lakota Nation has expressed hope that it will draw the tribes out of poverty.

“I think crypto-currencies could be the new buffalo,” head of the Lakota Nation, Payu Harris, told Forbes. “Once, it was everything for our survival. We used it for food, for clothes, for everything. It was our economy. I think MazaCoin could serve the same purpose.”

Members of the tribe included Sitting Bull and Crazy Horse – famous for their role in the Battle of Little Bighorn, during which they were key in securing a victory over General George Armstrong Custer.

“We have to be forward-thinking,” Harris clarified.


The coin styles itself on its website as creating an “economic foundation upon which the Traditional Lakota Nation can build lasting wealth and prosperity for their people.”

“MazaCoin will take its place in the world of Crypto-Currency as a solid Alt Coin backed by the unique legacy of an ancient culture and nation,” it adds.

Mazzacoin is a branch or “fork” of a Bitcoin derivative called ‘ZetaCoin’. However, it remains one of an ever-growing market of alt-coins fighting to establish themselves.

“Just like debit cards, it will take a while for people to get it,” Harris astated. “But once people understood the new cards, they began to accept them. The same will happen with MazaCoin.”

He added that an educational campaign has already been launched demonstrate to the Lakota how to mine the currency.

In preparation, the nation has mined some 25 million MazaCois to be utilized as a national reserve of sorts. A further 25 million are on standby for a Tribal Trust – a collective which will issue grants to tribe members or support local businesses. A handful have already agreed to start using the coin.

The FBI has already allegedly contacted Harris to discuss the proposals to immerse themselves in the crypto-currency, apparently having reminded him that cryto-currencies are not considered legal tender in the US, currently. Harris has dismissed the warnings.

Comments (11)

 

William Hinshaw 05.03.2014 21:26

Read from the bottom up please =)

 

William Hinshaw 05.03.2014 21:25

By that definition the BIA has laid out you are half Sioux and not full Native American. As there are basically no pure bloods left and given maybe a hundred years there won't even be any 1/32nd blood Native Americans left and if I recall correctly then the reservation land won't have to be protected any more as the treaties will no longer be valid because by the BIA's standard there won't be any Native Americans to have a treaty with on those reservations. That is the long term goal.

 

William Hinshaw 05.03.2014 21:25

Or look at what is happening to the Christens in Egypt getting beaten and murdered because they won't convert to being Muslim.

The BIA is actively working to eliminate all Native Americans by definition. For instance if you have a pure blood Cree mother and a pure blood Sioux father you have to declare what one you are and then you are "half" Sioux lets say.

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