“He wants to start up a cryptocurrency mining operation in Pine Ridge, providing he can raise enough coins to buy a dedicated machine from KnCMiner. He then wants to found digital currency exchanges and encourage local businesses to start carrying out transactions in Bitcoin.  Key to his pitch is the fact Washington regards the native reserves as ‘domestic dependent nations’, reflecting the fact they have a limited sovereignty. He wants to use this independence to sidestep the restrictions on the exchange and transfer of Bitcoin which are currently clogging up the US crypto-economy.”

http://www.forbes.com/sites/jasperhamill/2013/12/19/native-american-activist-wants-to-swap-the-dollar-for-bitcoin/

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