MazaCoin explained

Currency Name:	MazaCoin
Image 1:	MazaCoin.png
Image Title 1:	MazaCoin logo
Ticker Symbol:	MZC
Precision:	10^−8
Author:	Payu Harris, AnonymousPirate
Forked From:	Zetacoin, Bitcoin
Programming Languages:	C++
Operating System:	Windows, OS X, Linux
Source Model:	Open source
License:	MIT License
Timestamping:	Proof-of-work
Block Reward:	250 MAZA (as of September, 3 2021), (halved every 950,000 blocks)
Block Time:	1 minute

MazaCoin (Maza, MZC) is a cryptocurrency launched in 2014.^[1]

History

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]}

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

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]

Further reading

• 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

Notes and References

1. Web site: Lakota Indian Promotes New Digital Currency, Mazacoin. Paul. Vigna. March 7, 2014. www.wsj.com. March 25, 2014. March 26, 2014. https://web.archive.org/web/20140326000313/http://blogs.wsj.com/moneybeat/2014/03/07/lakota-indian-promotes-new-digital-currency-mazacoin/. live.
2. Web site: He created an indigenous digital currency. The dream is still alive. . 2023-11-26 . MIT Technology Review . en . 2023-09-29 . https://web.archive.org/web/20230929113148/https://www.technologyreview.com/2022/04/27/1049573/mazacoin-indigenous-digital-currency/ . live .
3. Web site: Browning . Lynnley . 2014-08-14 . Tribal Bitcoin . 2023-12-24 . Newsweek . en . 2023-12-24 . https://web.archive.org/web/20231224140248/https://www.newsweek.com/2014/08/22/tribe-brought-you-custers-last-stand-sitting-bulls-bitcoin-264440.html . live .
4. Web site: Jeffries . Adrianne . Native American tribes adopt Bitcoin-like currency, prepare to battle US government . theverge.com . March 5, 2014 . September 4, 2017 . March 5, 2014 . https://web.archive.org/web/20140305233930/https://www.theverge.com/2014/3/5/5469510/native-americans-assert-their-independence-through-cryptocurrency-mazacoin . live .
5. Web site: Consuji. Bianca. Engel. Evan. 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. 18 September 2014. 13 April 2016. 19 April 2021. https://web.archive.org/web/20210419134016/https://mashable.com/2014/09/18/mazacoin-bitcoin-native-americans/#C0p2MnhCmkqo. live.
6. News: Landry. Alysa. 9 Questions Surrounding MazaCoin, the Lakota CryptoCurrency: Answered. 13 April 2016. Indian Country Today. Indian Country Today. 9 October 2016. https://web.archive.org/web/20161009111820/http://indiancountrytodaymedianetwork.com/2014/03/03/9-questions-surrounding-mazacoin-lakota-cryptocurrency-answered-153750. dead.
7. Web site: Why Square commissioned this stunning short film about Native American youth. Petronzio. Matt. Mashable. 9 October 2017 . en. 2019-01-06. 2017-10-09. https://web.archive.org/web/20171009191826/https://mashable.com/2017/10/09/lakota-in-america-short-film-square/. live.
8. Web site: Native American tribes adopt Bitcoin-like currency, prepare to battle US government. Adrianne. Jeffries. March 5, 2014. The Verge. November 4, 2020. March 5, 2014. https://web.archive.org/web/20140305233930/https://www.theverge.com/2014/3/5/5469510/native-americans-assert-their-independence-through-cryptocurrency-mazacoin. live.