The Monero Standard #7: 30 March 2022 - 6 April 2022

Published:
By Kivojo

Monero Standard

Table of Contents

Recent News

  • EU committees voted for more crypto surveillance, in which any transaction to or from "unhosted wallets" must get KYC'd. Brian Armstrong, Coinbase CEO, in a hypocritical statement raised concerns about what impacts this can have on EU user's privacy and security, just after Coinbase started requiring name and home addresses of all Canadian transaction's recipients.

unhosted wallet

Price and Blockchain Statistics

StatisticsValue
Market Capitalization$3.924 billion
Total Supply18,103,330 XMR
Price$217.77 -1.80% in 7 days
LocalMonero's Street Price$237.48
Average Transaction Fee0.00012 XMR ($0.025)
Block Height2,595,648
Block Reward0.6550+0.00390 XMR ($143.31)
Inflation1%
Hashrate2.972 Ghash/s -3.77% in 24 hours
Transaction Ratio to Bitcoin9%

Price Chart

Price Chart

Hashrate Distribution

Hashrate Distribution

Fun Facts

Muh inflation bug!

One of the most cited FUDs around Monero is "How we can ensure that no Monero was created ever from thin air?", well you can. Bitcoiners often have this confidence that "because I can tally numbers up in Bitcoin blockchain, then I'm confident about it". Problem is, there was 2 inflation bugs in Bitcoin blockchain itself back in 2010 and 2018 and the ability to transparently watch amounts transferred on blockchain did nothing to prevent these. Monero uses Pederson commitments, a zero-knowledge proving system, to ensure the authenticity of amounts being transferred. You can read more about this FUD here.

Merchants

Pi Supply

Pi Supply is a UK-based electronic company that ships Raspberry Pi, Arduino and other electronics worldwide and accepting Monero as one of many payment methods they have.

Notable Projects

Monero

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:
Funding Required:

Monerujo Funding

  • N/A

Meme of the Week

Study Time

Why Fungibility is Important in Understanding Money and Crypto by Michael Milano on Mises.org

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

Donation QR Code

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.