Memorycoin has hit the transition stage recently.
Soon the mining rewards will be cut drastically, and the coin will become more scarce when mining.
60% of the coins have been mined already creating a limited supply while also a solid base of them to use and trade. The value of MMC should increase as the influx of new coins slows.
With MMC being both GPU and ASIC resistant, this has allowed people to mine it with standard CPU’s opening up its availability to more people who could not afford exotic mining rigs.
I am able to mine MMC on my laptop that has an AMD A8 CPU. I also was able to test it on an AMD Athlon laptop, and it was also able to mine, as well.
One of the biggest components of MMC is the voting process and how it can be used for everything from electing officers to deciding which charities to donate to. I had previously written about the democratic voting process that runs the MMC community and recently there has been a vote going on to add a new charity for donations.
What makes this one special is the charity itself. It is the Electronic Frontier Foundation which works to protect digital rights in the online world from the spying governments and other hazards of the digital age.
The first paragraph of their statement says it well.
The Electronic Frontier Foundation is the leading nonprofit organization defending civil liberties in the digital world. Founded in 1990, EFF champions user privacy, free expression, and innovation through impact litigation, policy analysis, grassroots activism, and technology development. We work to ensure that rights and freedoms are enhanced and protected as our use of technology grows.
The EFF is an organization that works to protect us all from prying eyes. With privacy concerns at an all time high, awareness about internet privacy has grown this is an excellent place for the MMC community to put its support. EFF has been actively working to protect Blogger’s Rights, Coder’s Rights and so many more.
Blogger’s rights being especially close to home for me and others who write for CCN, as well as bloggers worldwide. The fear of recrimination can be a deterrent for many to write about sensitive subjects. They have even created a Bloggers Rights’ Guide and a Legal Guide for Bloggers to help.
One of EFF’s goals is to give you a basic road-map to the legal issues you may confront as a blogger to let you know you have rights and to encourage you to blog freely with the knowledge that your legitimate speech is protected. To that end we have created the Legal Guide for Bloggers a collection of blogger-specific FAQs addressing everything from fair use to defamation law to workplace whistle-blowing.
The CNO of MMC KillerByte, has proposed the vote on donating to the EFF. You can vote using the MMC wallet app. The address to vote and donate to it is MVTEchapJHRRBkCKG4qBCJvYqc1ufmyYvm
KillerByte has stated that MMC will be converted to Bitcoin and donated to EFF when a consensus has been reached.
I asked KillerByte about why he chose the EFF and he a very concise answer.
The National Security Agency (NSA) actively tracks and monitors our online activity on a daily basis. Innocent or not, there is no way to protect privacy. The EFF is the leading agency in digital rights, and they have helped to stop intrusive laws, including SOPA and PIPA. I would expect major support from the Memorycoin and Bitcoin community to support this devoted organization and protect the continuation of the open internet.
There are many more things in the works for Memorycoin and this last week it was good to see some movement as news about what was happening on the MMC front had been scarce lately.
Memorycoin is a coin to keep an eye on and invest in as it has an active community and is continually contributing to charities to better the world.