This is a very interesting alternate cryptocurrency. MemoryCoin is trying something brilliant by adding positions for Chief Executive Officer, Chief Technology Officer and 3 other positions that get paid a percentage of the miner reward. Currently it’s about $362 per day.
The part that makes this decentralized is that the owners of MemoryCoin (you and me) get to vote on who holds each of the 5 positions. The voting can boot someone out or vote someone in at a moments notice.