The Bail de Monero project has seen an increase in its use during protests over the police murder of George Floyd.
Grayson Earle, Monero co-founder and developer of the Bail project expressed:
“We are dedicated as a project and as individuals to the movement for the life of blacks. For this reason, we feel that the urgency of the situation requires direct action. ”
He also added: “I noticed a 20% increase in our hashrate this week, compared to last week“
This is why Bail software runs in the background of your computer. As a result, Monero is passively generated, then distributed to rescue the funds.
These funds are used to post bail for people in pretrial detention who could otherwise be detained for weeks or even months. For example, following protests against police brutality, more than 10,000 protesters have been arrested in the US. USA
Let’s learn a little more about the Bail project
Grayson Earle conceived of Bail in 2016. Monero is a leading privacy-focused coin that hides the identity of miners, and Earle said that Monero’s mining algorithm has helped the Bail project:
“The Random-X mining algorithm helped the project because most of the people running Bail are using laptops without dedicated graphics cards (GPUs).”
Similarly, the Bail project is a national non-profit organization. Most importantly, it provides free bail assistance to thousands of low-income Americans each year and accepts donations in Bitcoin.
In this regard, Robin Steinberg, CEO of Bail, indicated:
“We started accepting cryptocurrencies from the beginning, in large part because Mike Novogratz, chairman of our board, strongly believes in cryptocurrency and encouraged us.”
So far, he has secured freedom for more than 10,000 people in more than 20 cities across the country, working with community partners to advance systemic change.
Of course, Steinberg expressed: “Don’t turn a blind eye to injustice. Listen to the black community. Pay attention to the voices of those who have been affected by the criminal legal system ”.
How does it work?
Users download a special application that uses between 10% and 50% of their processor’s total capacity to extract the cryptocurrency to Monero privacy.
Bail then exchanges his XMR for US dollars each month and then donates the sum on a rotating basis to bail funds in the National Bail Fund Network.
For his part, Earle said:
“The idea is to get people to offer their extra computing power to mine so that it doesn’t force them to make any cash donations.”
Not surprisingly, Bail has chosen Monero as his digital currency of choice. For this reason, Earle expressed:I chose Monero because it was a fairly ASIC resistant coin, which means that consumer level computers can mine the coin in a viable way“
Every night, people arrested in protests over the police murder of George Floyd are found in jails. Consequently, the vast majority of these people are at risk of losing their jobs, their homes, and even custody of their children because they cannot post bail.
Finally, in an effort to address this injustice, the Bronx Freedom Fund, in conjunction with the Bail project, provide a bond for defendants who cannot otherwise afford it, all by collecting donations from the public. I know we can contribute a granite, here is an example: