A Bitcoin spinoff known as Mazacoin has been adopted by a confederation of seven
Native American tribes as their national currency. The Oglala Lakota Nation has expressed hope that it will draw the tribes out of poverty.
“I think crypto-currencies could be the new buffalo,” head of the Lakota Nation, Payu Harris, told Forbes. “Once, it was everything for our survival. We used it for food, for clothes, for everything. It was our economy. I think MazaCoin could serve the same purpose.”
Members of the tribe included Sitting Bull and Crazy Horse – famous for their role in the Battle of Little Bighorn, during which they were key in securing a victory over General George Armstrong Custer…
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