Speaking of altcoins/cryptocurrency…
Has anyone heard much about MazaCoin?
It just became the official currency for the Lakota nation. Wanted to hear what fellow HN'ers think about this.
http://www.theverge.com/2014/3/5/5469510/native-americans-as...
Out of all the altcoins, seems like this one has strong real-world application and brings a lot of value to these Indian tribes. Similar to what Bitcoin has done in other nations that lack a strong national currency.
MazaCoin is also the "official national currency" of a Sovereign Nation, so it can't "technically" be outlawed. Huge step forward for crypto currencies? Outright scam? What do you guys think?
Thoughts on this coin in specific? Altcoins/cryptocurrency in general?