Maza is the currency of the Great Sioux Nation.
“There is a negative event coming and the tribes are going to have to learn how to use this [Maza].” -Wasu Dute
“You are relying on one government…. …There is a whole world out there willing to support you.” – Wasu Dute
Some good take away items from this talk are that it is wise to have a currency that you have control of. No one can stop a Maza transaction between 2 parties. Maza is border-less, so people everywhere in the world will be able to use it. As more people use it, it’s value can increase according to the market.
I went to my first bitcon/ block chain meet up at Royal Ink Tattoo in Somerdale, NJ. Next month they will hopefully have a Bitcoin ATM for fast purchases.
It’s nice to get out and meet some people who are also interested in Crypto currencies instead of going on to family and friends who are tired of hearing you talk about it.
It was interesting to note that as a group of strangers, unfamiliar with each other, sound investment advice was automatically checked and balanced in the group. Nothing was pumped.
Most would say that the crypto currency space is trying to build a new economy from scratch. How do you go about doing this? What are we seeing happen?
Continue reading “Maza: Building an economy from scratch”
I found a site that has a ton of Bitcoin information! Check it out, by James Lopp!
With 2018 starting, a lot of us are talking about Bitcoin transaction fees. The fee prices are higher for two reasons. Bitcoin is now worth more, and the price is set in Bitcoin, so the fee is higher in dollars and the mempool (memory pool) of transactions waiting to be processed is high, so higher fee transactions get processed first.
Continue reading “Bitcoin Transactions: The mempool”
I ran across this video which seems to indirectly explain how crypto currencies might work by explaining early money economies.
I get asked this question a lot. I am going to try to answer it differently here.
Continue reading “What gives Bitcoin value?”
In the crypto currency world there are coins and tokens. What are the differences between them and how does this effect our investing?
Continue reading “What is the difference between a “Coin” and a “Token” ?”
For this question of what backs Bitcoin, the easy answer is nothing. The longer difficult answer is scarcity, electricity, computing power, community, and use. Continue reading “What backs Bitcoin?”