The Monero Moon (Issue 29)
The Monero Moon is a curated weekly newsletter regarding all things Monero.
The Monero Moon is a curated weekly newsletter regarding all things Monero.
January 28th 2022
Development, Releases, and Technology
In 2023 or 2024, Monero will upgrade to an improved protocol called Seraphis and a new addressing scheme called Jamtis. The upgraded Monero core software will probably offer a quite different programming interface / API that Monero wallets must use in order to continue to function, and this in turn will require an extensive refactoring of the code of the wallets, regardless of the programming language used and the OS they run on. This is difficult, expensive and can take a lot of time, so Monero developer rbrunner7 is recommending the community takes an immediate and proactive approach to ensure “no wallet is left behind”. The proposal and relevant discussion can be found here and here.
The Haveno team (which is developing a Monero and TOR focused decentralized exchange) announced they have found a team of developers who will build the GUI of Haveno.
sech1 has created a webpage which shows when the tail emission will start. Monero block rewards will gradually reduce until the tail emission commences at the end of May 2022 and rewards will be fixed at 0.6 XMR per block. Check out sech1’s countdown page here. You can learn more about Monero’s tail emission on the official Monero website here and on the LocalMonero website here.
P2Pool v1.6 has been released. This release includes a number of changes which can be seen here.
While on the topic of mining, it is highly recommended you solo mine to help secure the network. You can solo mine via the official Monero GUI wallet which can be found here, or better yet partake in pool mining and join the decentralized and permissionless P2Pool.
LocalMonero published an article titled P2Pool and Its Role in Decentralizing Monero Mining. The article explains how Monero enables a fair, decentralized, and secure network through new and innovative approaches to proof-of-work (PoW) mining. Check out the article here.
CryptoGrampy shared a Monero drag-and-drop dashboard proof of concept they’ve been working on. Check out this post for more information.
binaryFate announded that the Monero matrix server hosted by the core team, accessible at monero.social, will undertake a migration to a new host, on Friday January 28th, 1:00AM GMT. All data should be copied over, so apart from the short downtime it should be smooth sailing.
WinstonsThiccBooty has developed a Discord bot called the Monerochan Discord Bot. The aim of the Monerochan bot is to help newcomers get started with Monero by providing the information in an easily accessible manner on a popular platform. Check out this post for more information.
The MAGIC Monero Fund has formally announced its first advisory committee members. The top 5 ranked committee members are Vik Sharma, Rucknium, kayabaNerve, Deverick, and Csilla Brimer. The advisory committee will help make investment and grant disbursement decisions for the MAGIC Monero Fund. More information can be found here.
Cake Wallet is looking for more iOS beta testers. They need more people helping test features so they can build a better mobile app. If you can help out reach out to them here.
Cake Wallet announced they have brought back fixed exchange rates into their wallet with the latest v4.3.5 release. Check out this tweet here, and this post for more information.
The r/Monero subreddit reached the 250,000 subscriber milestone. pebx shared a post detailing outlining some facts about the subreddit which can be read here. Monero subreddit stats can be found here. Fun fact: The Monero subreddit was created on April 24th 2014, which is quite amazing given that most cryptocurrencies created back then have been abandoned or are irrelevant today.
The volunteers which represented Monero at the North American Bitcoin Conference have provided a recap of their experiences in Miami. Be sure to read it here. The conference team spoke with hundreds and hundreds of attendees about Monero and privacy over the three day event, while Monero Talk also interviewed Nick Spanos, Liat Shetret (Elliptic), and Mark Cuban. Those interviews can be found here or watched below.
The Open Economy Initiative shared a new YouTube video. Watch it below!
There’s a Monero meetup happening in New York City on the 28th January, 5:30pm, at 40 Wall St. If you’re in town go hang out with all the crew. Meetup information can be found here.
A MoneroKon 2022 planning meeting is taking place Sunday 30th January 2022 at 18:00 UTC. Check out this post for more information.
Jack from MoneroUK is organising a Monero meetup for community members in the UK. Check out the tweet below, and if you think you can attend please vote for which location is most convenient.
Coindesk published a piece by Seth Simmons titled A Step-by-Step Guide to Going Private as part of Data Privacy Week. Check it out here.
Also related to Coindesk’s focus on privacy this week, Justin Ehrenhofer featured in a discussion about how people can more easily incorporate privacy into their daily lives by using Monero for payments. Watch it below.
Tech Target published a well researched and balanced article about Monero titled Monero and the complicated world of privacy coins. This is definitely worth the read so check it out here.
Monero and the complicated world of privacy coins
Getty Images By Monero is a cryptocurrency like Bitcoin, but where Bitcoin zigs, Monero zags. Initially released in…www.techtarget.com
Coindesk published a piece titled Monero: The Privacy Coin Explained. Check it out here.
NewsCrypto published Monero (XMR) Trouble For Regulators With its Complete Anonymity Feature. Check out the article here.
The New Oil blog mentioned Monero in their post 2022 review: IVPN. The post explains how IVPN “accept Monero directly without a third-party exchange being involved, which means that if done right, IVPN is easily 100% anonymous”. Read it here.
Popular privacy focused Bitcoin wallet Samurai have voiced their concerns about hardware wallet Trezor ditching cypherpunk ideals in order to accommodate the Swiss Financial Market Supervisory Authority’s (FINMA) anti-money laundering requirements by integrating Address Ownership Proof Protocol.
In case you missed it in last week’s issue, be sure to check out the Monero Observer to stay up-to-date with Monero news on a day to day basis. This is a must read! Link here.
Additionally, Revuo Monero Issue 104 was recently published. Read it here to stay up to date with all your Monero news.
Exchanges and Merchants
Betplay.io now supports Monero. They claim to have all the top-tier providers and offer their players a 100% welcome bonus and 10% weekly cashback! Check them out here if you feel like a punt.
A Monero user took to Reddit urging users not to use Changelly as they may hold a transaction until KYC is completed.
ryitnoise released Monerica.com. Monerica assembles all the various Monero resources, communities, services, and businesses related to accepting Monero. The goal of the website is to show how one could live purely off Monero. Check out the website here.
CoinConsume also list where you can buy goods and services with Monero on their website. Check it out here.
ByBit shared this Monero infographic as part of Data Privacy Week. They now offer an XMR/USDT trading pair on their website!
The android wallet team at Monerujo are developing Sidekick. Sidekick is an android app that you will be able install on an old, unused phone, which then gets permanently taken offline to secure a cold seed and sign transactions offline. More information can be found here. If you want to support the development of Monerujo, an android wallet for Monero, they have a funding page on their website seeking financial contribution.
selsta, a Monero developer who is working on but not limited to preparing for the next network upgrade, is now fully funded!
The organisers of the MoneroKon 2022 conference are still seeking funding. This is a great initiative so lend them some support over on the CCS page here. They’re about half funded. Additional information can be found here and here.
And in case you missed it, Monero Bounties is a relatively newer website in which Monero users can support contributors and developers.
Trading & Speculation
The Monero Observer have provided another trade analysis report for XMR. Check out their third report here.
It is reported that hedgefund Praetorian Capital has a position in Monero.
Total Monero in Circulation — 18,069,779 XMR
Monero Total Marketcap — $2,591,821,249
XMR/USD Price — $143 USD
XMR/BTC Price — 0.00390 BTC
LocalMonero.co Street Price — $157 USD
Average Transaction Fee — 0.0001 XMR ($0.015)
Hashrate — 3.225 Ghash/s
Monero Mining Pools Hashrate Distribution —
If you like the newsletter and want more of this content, then shout me a round of beers by donating some spare Monero you didn’t lose during your boating accident.
Want to help contribute to the Monero Project? Developers, marketers, event coordinators, translators, Instagram personalities, meme creators, public speakers — whatever your skills may be, it is extremely likely there is something you can do to assist. I urge you to reach out to the Monero community on Reddit, IRC, GitHub, Twitter, or Telegram. The official Monero website is GetMonero.org.
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DISCLAIMER: This publication contains opinion for informational purposes only and does not constitute investment advice. Information may contain errors and omissions. Use solely at your own risk. The author of this publication and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties with out verifying their credibility.