The Monero Standard #12: 4 May 2022 - 11 May 2022

Table of Contents

• Recent News
• Price and Blockchain Statistics
• Fun Facts
• Merchants
• Notable Projects
• Funding
• Meme of the Week
• Study Time
• Donation and Contact

Recent News

• Federal Reserve announced a second hike for interest rates by 50 basis points. NASDAQ and crypto markets are dealing with a massive plummet since then; LUNA lost 97% of its value and BTC saw a bellow-$30K price in a year. Bank of England later announced a 1% raise in interest rates, the highest since the financial crisis.
• Monero official twitter account posted a thread explaining coming tail emission (June 8 2022).
• SethForPrivacy published "How Monero Uniquely Enables Circular Economies" on LocalMonero's knowledge base; Highly recommended.
• MoneroTopia is planning for a global meetup for tail emission's day. If you are willing to participate or form one in your local region, check this post.

Price and Blockchain Statistics

Price Chart

Hashrate Distribution

Fun Facts

Always check transaction details before confirming

In recent months, there has been some evidences of rogue Monero nodes trying to make users pay more-than-normal fees for their transactions. Unfortunately, one of the downfalls of using random remote nodes is that you should trust them to provide you with genuine data when making a transaction. Other serious downfall beside these attempts to make people pay enormous fees, is that a rogue node can attack users with providing them with compromised ring decoys so in long run the movements of funds would be revealed. So always use your self-hosted node or from someone's you trust to better help decentralize the network and keep yourself out of danger. Check "Breaking Monero" for more information on how to be more than safe when using Monero.

Merchants

ClubMonero

ClubMonero is a merch/sticker shop for Monero with high-quality products waiting for you to spread the word with them.

Notable Projects

Monero

• MoneroOutreach.org has a very detailed article for newcomers and how they can help and contribute to the idea and philosophy of Monero, check them out. Also be sure to check this article in LocalMonero's Knowledge Base.
• Monero Bounties website is a well-written and up-to-date source of Monero projects.
• XMRStarter, a crowdfunding platform for Monero, has been started by Zombie Master and currently has one campaign to open-source the platform's software for 99 XMR.
• Shruum, a Monerujo fork with Tor-only connections and without the bloat, has been released.
• Python Monero Database Reader is a tool for accessing Monero's database directly without any Monero code.

Other

• LibRedirect is a free-software extension for major browsers (currently available for Firefox and Edge in their native stores) that redirects you to privacy-preserving alternatives for many mainstream online services such as YouTube, Reddit, Twitter, Wikipedia and more. Their GitHub repo is available here. Please note that Tor Browser developers advise not to install any additional extension into their browser, LibreWolf and Brave seem to be fine.
• Monero Art Fund is a community effort of artists and designers who try to provide the community with the latest gorgeous designs of MoneroChan, the anime girl becoming the mascot of Monero. If you enjoyed the art, support them by donation to help them continue. We at this newsletter had the pleasure to use their arts because we're too lazy. :)

Funding

CCS

Ideas:

• Research Computing Upgrade
• Seraphis Wallet PoC 2 funding proposal
• Monero business kit
• Patronero - Open Source project for donating by mining
• Translation of Monero GUI Wallet, CLI Wallet, monero-site, Behavioral Finance, Cryptocurrency Markets (subtitles), Moneropedia, User Guides to Greek
• Monero Afghanistan Expansion Strategy

Funding Required:

• New Animated Videos

Monerujo Funding

• N/A

Meme of the Week

Study Time

Forget What the "Experts" Claim about Deflation: It Strengthens the Economy by Frank Shostak on Mises.org

Donation and Contact

This newsletter is one of my dedicated jobs and LocalMonero pays me for writing it, but if you've found it informative and helpful, here is my wallet address:

89gUNDWHpNBD59eqJHcyg9RRfZ9xPBqdXKgVhLiYonhtjFMtmKJDumCRD3EWvmXeogKs5Jh4jfnUhdyif2U3tbT3Liu7F3M

Thank you!

Contact Me

Found anything worth noting? Want to send something to be included in the next issue? Want to chat about something?

You can contact me on XMPP and Matrix.
Be aware that Matrix is centralized due to the fact that most people make an account on Matrix.org operated by the Matrix Foundation - That's a lot of metadata controlled unjust by just one entity.