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Sunday, February 8, 2015

Will Hourly Indigenous Labor Ultimately Prove To Be Crypto-Currencies Real Strength?

In my post on January 29th I mentioned a company (BitWage) currently involved with the local Philippines workers... that converts their American dollars paid for their local work... into Bitcoin ... saving huge amounts of transaction fees for each worker. The idea is of course a natural for `indigenous' people anywhere in the world.... all that needs to happen is to have the idea REALLY take off... unencumbered by TPTB (the powers that be).... and let the awareness of a connected Internet take it's course of power.

And, at least one crypto currency person is at least making a rumble - in the direction of serving the SAME niche that BitWage is - for the American Indian (at least a tiny section of it but what if this worked... it could easily galvanize the many many other tribes) - his name is Payu Kimitsu and he is one of the main players for the MazaCoin.

I am friends with Payu on Facebook.... and wanted to share a post that is only a few hours old that he made and my response:

Talk of boycott swirls around local Indian community...but what would a Mazacoin backed Boycott look like? ok well it's going on 2 weeks since the beer throwing incident and no arrests...the States Attorney is looking at dropping pursuit of charges based on "the children were in no immediate danger" As the Native community fumes and seethes in rage over this clear message we're left to wonder what other options do we have as a community? Enter the Mazacoin Option: if the naive community  got solidly behind Mazacoin and switched 10% of their daily purchases and savings to Mazacoin it would spell a staggering $183 Million loss for the state of South Dakota...the native Community in South Dakota Alone account for $1.83 Billion a year in Tribal GDI (Gross Domestic Income). 10% of that removed from the local economy would be $183 Million lost...But where would it go? Well it wouldn't really be "lost" it would simply be removed from a fiat based economy like the state has currently and re allocated to a Native american based digital system. Since the State refuses to recognize any native american based currency as "Legit" it falls on the tribe as far as taxation and all taxes would revert to the tribes themselves.
But How would the Native Community go about such a feat? that is surprisingly simple... The Kimitsu group is currently looking at a idea to develop a inter tribal Payroll services co that would be able to do just that whereby clients could allocate a % of their payroll into Mazacoin automatically...and the more vendors, and small business merchants that accept Mazacoin as a payment option the more viable a solution Mazacoin becomes as a means of putting financial pressure on the state of south dakota and other states to get off their asses and actually do something to address the recent racially motivated attacks on the Native community...
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Now, as you read above, Payu is simply using this as a tool to retaliate for the obscene public incident and lack of moves by TPTB. But, the move away from fiat and into a local based alternative is more than a reaction to injustice at one moment of time... it could be the beginning of who knows what and a reclaiming of economic power.

So... my response to Payu:
Rick Phillips Indeed Payu... why bother waiting for BitWage to do it for you. You are a man of action Payu.... well done and your math and theories about the actions also are dead on.... absolutely this is the way to push the envelope of change IMO. Begin smallish at about 1-5-10% based on the persons comfort level and then watch the multiplier effect take hold within the community as that money NEVER LEAVES the area.... and is allocated better too..... That said, as we know about how BitWage is helping workers in the Philippines it may be good to talk up that idea as one that is a symbol of change for those people at controlling their own money better without banks becoming involved. Bitcoin and the alternatives are the way to avoid their inclusion in everything. The real fantasy is that the entire economy of the tribes gets switched over... imagine these coins EASILY having a similar or greater value to the previous fiat currencies being traded for the last century. And, finally for now... since Maza coin is the 2nd base currency for that group that deals with the United Nations NGO's (non government organizations) - that represents the indigenous people around the world... what IF the tribal folks simply made THIS local experiment work.... then the whole world will of the indigenous may just be starting to be realized. It provides ONE community the direct chance to bring change. Man oh man.
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Much like when in the movie `The Graduate'  the word `plastics' was positioned - Maza Coin may be the secret word for 2015... and Payu may be just the person for the job. Don't believe that Payu is the person that puts his actions behind his mouth and words? See below... yes, they accept Maza Coin.
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