MazaCoin
![]() MazaCoin logo | |
Denominations | |
---|---|
Code | MZC |
Precision | 10−8 |
Development | |
Original author(s) | Payu Harris, AnonymousPirate |
White paper | mazacoin |
Initial release | 7 February 2014 |
Code repository | github |
Project fork of | Zetacoin, Bitcoin |
Written in | C++ |
Operating system | Windows, OS X, Linux |
Source model | Open source |
License | MIT License |
Ledger | |
Timestamping scheme | Proof-of-work |
Block reward | 250 MAZA (as of September, 3 2021), (halved every 950,000 blocks) |
Block time | 1 minute |
Block explorer | mazacha |
Website | |
Website | Official website ![]() |
![]() | This article needs to be updated.(May 2022) |
MazaCoin (Maza, MZC) is a cryptocurrency launched in 2014.[1]
History
[edit]MazaCoin was developed by Payu Harris in 2014.[2] MazaCoin was specifically designed for the Oglala Lakota tribe in South Dakota.[3] Some Native Americans adopted the use of MazaCoin to battle the US Government.[4][5][6][clarification needed]
In October 2017, a Mashable article on the Oglala Lakota included a video about Harris's efforts to get MazaCoin accepted.[7]
Recognition and use
[edit]The currency was adopted by the Lakota Nation in 2014, with half of its supply reserved by the tribe to minimize the price volatility common in cryptocurrencies.[8]
In 2017, The Lakota leadership formally recognized MazaCoin as their national currency, yet this decision encountered skepticism within the community.[8] The concept of digital currencies, heavily reliant on technology such as apps and smartphones, was less accessible to older generations and those without consistent internet access.[8] To counteract this, a system of paper wallets was developed, allowing MazaCoin to be stored and used in a more traditional, physical format.[8] This system allowed tribal members to use MazaCoin in physical form for transactions within the community, converting it back to digital format at the centralized facility.[8]
References
[edit]- ^ Vigna, Paul (March 7, 2014). "Lakota Indian Promotes New Digital Currency, Mazacoin". Archived from the original on March 26, 2014. Retrieved March 25, 2014 – via www.wsj.com.
- ^ "He created an indigenous digital currency. The dream is still alive". MIT Technology Review. Archived from the original on 2023-09-29. Retrieved 2023-11-26.
- ^ Browning, Lynnley (2014-08-14). "Tribal Bitcoin". Newsweek. Archived from the original on 2023-12-24. Retrieved 2023-12-24.
- ^ Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". theverge.com. Archived from the original on March 5, 2014. Retrieved September 4, 2017.
- ^ Consuji, Bianca; Engel, Evan (18 September 2014). "No Country for Cryptocurrency This man thinks "Bitcoin for Native Americans" can solve tribal poverty. So why won't anyone give him a chance?". Mashable. Archived from the original on 19 April 2021. Retrieved 13 April 2016.
- ^ Landry, Alysa. "9 Questions Surrounding MazaCoin, the Lakota CryptoCurrency: Answered". Indian Country Today. Indian Country Today. Archived from the original on 9 October 2016. Retrieved 13 April 2016.
- ^ Petronzio, Matt (9 October 2017). "Why Square commissioned this stunning short film about Native American youth". Mashable. Archived from the original on 2017-10-09. Retrieved 2019-01-06.
- ^ a b c d e Jeffries, Adrianne (March 5, 2014). "Native American tribes adopt Bitcoin-like currency, prepare to battle US government". The Verge. Archived from the original on March 5, 2014. Retrieved November 4, 2020.
Further reading
[edit]- Indigenous cryptocurrency: Affective capitalism and rhetorics of sovereignty in First Monday (3 October 2016, Volume 21, Number 10) by Cindy Tekobbe and John Carter McKnight
- Decolonization in a Digital Age: Cryptocurrencies and Indigenous Self-Determination in Canada in Canadian Journal of Law and Society (1 April 2017, Volume 32, Issue 1, pp. 19-35) by Christopher Alcantara and Caroline Dick