From my point of view it's not failing,
once bter and other exchanges start voting for themselves, everybody will rush to buy a coin that pays interest and hold,
at the moment everybody moved the coin there and can't vote.
I'm not so sure interest payments are that enticing as a feature - just lowering the inflation rate is nearly the equivalent of paying interest through the blockchain on a cryptocurrency - and so much simpler. I guess the difference is that the entity holding the coin, rather than entity owning the coin receives the interest. (Or in MC's case, the voting rights)
In the worse case scenario nobody will give anything to memorycoin foundation, being the reasons:
1- greed
2- it's perceived as a hidden effort from your part to get coins,
and few people believe you will actually donate coins to those charity you mentioned in the web.
this is internet, pics or it never happend...
Yes I guess this does require trust, but someone is required to administer the funds. I'd rather it was someone else, but anyone I could nominate and who would take the responsibility would likely be less trusted than me.
web and continued development in the future top priority.
i don't understand the voting system; how often do you have to do it, and how it knows how many coins you have.
Thanks - yes a better organized web site with more information would be helpful.