Quote from: bigdoge on September 20, 2015, 03:27:00 PM

lol you crazy people... anyways...

...If it were pos, you would not need to have specialized knowledge or special connections for equipment. I don't think many of the natives this coin is for have those things either. The poorest people, that need some steady income the most, certainly are not some technical wizard with inside market connections, or they would not be the poorest ... they are interested in mazacoin but worried someone else will have overall control. I think that is a valid concern...

Here is a quote someone posted on reddit

Quote

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Thats why I am saying its not about getting native people to baghold all the coin. Its about using the coin to get actual wealth into their community. We have a liquid market and a well secured network (everyone in the world shares this asset.) But its obviously branded such that a merchant who was from a tribe would probably find alot more customers than any other merchant accepting it. We don't even need it to be mass adopted in the tribes, just have some merchants accepting it, and thus causing wealth to flow into their community. ...

It is important that Native communities that have been forced onto the dollar have their own real currencies again.

Whether it is better to encourage that from the bottom up, (e.g. by using proof of stake), or from the top down, (e.g. by supporting merchants on reservations), who knows.

In a lot of places indigenous people have been so trampled for so long that there is not a lot of motivation to get involved in anything including economics. Sort of like if you torture someone long enough they ignore everything. Same with animals, same with people. But once a threshold is reached where enough people see the possibility of kicking the dollar, then a new economy will begin. First step is just to show that it is possible.