Memorycoin Hitting Milestones and a New Chairitable Effort for The Electronic Frontier Foundation
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. Memorycoin. 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....
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The Electronic Frontier Foundation (EFF) raised concerns about the strengthening financial surveillance through the proposed crypto regulations announced by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The Nonprofit Organization Is Concerned About New Rules on Self-Hosted Crypto Wallets Proposed by FinCEN According to the nonprofit organization based in the United States, the FinCEN is trying to undermine “one of the most important aspects of cryptocurrencies from a civil liberties perspective,” which can provide privacy protections for their users.....
The new CEO of Memorycoin, Delinquency, took the time to respond to my questions after his successful campaign. As many of you know, with the previous iteration of Memorycoin FreeTrade the outgoing CEO shut it down. This time the transition has been smooth and community support has been creating a backing behind Delinquency. He has a clear vision of how he wants to keep Memorycoin growing and helping people while bringing a cohesive framework to the Memorycoin team and community. Delinquency posted his response to my questions about the transition on mmc-square.com. Memorycoin Voting. SF:....
MemoryCoin was selected as today's Random Coin of the Day for their unique ability to make it infeasible to mine their coin on ASIC devices. To a lesser extent, GPUs are also infeasible to mine on as the amount of memory required to calculate just one hash is 1GB. From the MemoryCoin.org website: The Proof of Work is a modified Momentum-based algorithm. It has a small SHA512 component, and a large AES component - chips with AES-NI instruction sets will fare *much* better. Each hash requires 1GB of Memory to perform and encrypts 50GB of data. By contrast, the verification only requires 128K....
The Electronic Frontier Foundation (EFF) -- an organization focused on global digital rights -- is now accepting donations in bitcoins again after having stopped two years ago ... though it's quick to add that doesn't mean it's endorsing the digital currency. Nothing against Bitcoin, the EFF states. It's an equal-opportunity non-endorser: "EFF does not typically endorse products or services, and we certainly do not endorse any of the electronic payment methods that we currently accept (credit cards, PayPal, and now BitPay)." The EFF -- a sort-of American Civil Liberties Union (ACLU) for....
On behalf of the Bitcoin Faucet, Gavin Andresen has returned 726 bitcoins (approximately $95,000) that were in limbo to the Electronic Frontier Foundation (EFF) - a non-profit organisation that defends free speech, privacy and consumer rights - after a two-year history of the money being sent back and forth. The move comes after the EFF last month said it would once again accept bitcoins via BitPay after a two-year freeze on the currency. Andresen reportedly told the EFF: "I'm satisfied to see these bitcoins will be used as they were intended - as a donation to support the work of the....