2014-03-28

Legal status of bitcoin

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A confederation of seven Sioux tribes in the US have created a digital currency similar to bitcoin and adopted it as their official national tender.
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The Oglala Lakota Nation (notable members of which include Sitting Bull and Crazy Horse; the chieftain who secured a victory over General George Armstrong Custer at the Battle of Little Bighorn) has launched MazaCoin in the hopes that it will help to lift the tribe out of poverty. 


Lakotah's founders cite the Oglala 1974 Declaration of Continuing Independence:
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The United States of America has continually violated the independent Native Peoples of this continent by Executive action, Legislative fiat and Judicial decision. By its actions, the U.S. has denied all Native people their International Treaty rights, Treaty lands and basic human rights of freedom and sovereignty. This same U.S. Government, which fought to throw off the yoke of oppression and gain its own independence, has now reversed its role and become the oppressor of sovereign Native people.
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A group of Native Americans called the Lakota Freedom Delegation traveled to Washington, D.C., on 17 December 2007 and delivered a statement asserting the independence of the Lakota from the United States



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