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Vol. 01, No. 17-18 December 5 December 25, 2017
Monero Observer Update
Hello everyone! Due to a busy holiday season, work, and other projects I have been working on, this issue of the Monero Observer is a special double issue to catch up on the past few weeks of Monero news and developments. Expect the Monero Observer to be back on its normal weekly cycle going forward.
Additionally, Monero Observer's website and design has been transformed with a completely new facelift thanks to u/tficharmers as he created and donated the HTML/CSS front-end templates to Monero Observer. This will hopefully make all readers experience much more enjoyable as the website is now more adaptive!
Project Coral Reef
The details of the Globee Secret Project were finally revealed. Fluffypony announced that they have over 50 online stores accepting XMR payments. Many of these stores are also offering an exclusive additional 15% discount on orders paid with Monero. These stores in aggregate get millions and millions of impressions and every store customer will see Monero during checkout even if they end up paying with fiat currency. You can see all participating stores and artists at ProjectCoralReef.com. Fluffypony discussed the news;
There are several reasons we went for musicians instead of trying to canvas something like Newegg. The first is that a lot of those stores already accept Bitcoin, which means you can already use Monero on them via xmr.to and similar. The second reason is that the Newegg target audience largely already know about Monero, or have at least heard of it. The third reason is that it’s hard to incentivise people to purchase GPUs with Monero.
Music fans, on the other hand, are rabid. If they can save 15% on a purchase, or get something exclusive, but have to jump through hoops to do so they absolutely will. "Tricking" someone into using Monero is really the first step to their achieving financial sovereignty.
We’re also aware that there are lots of pieces of the ecosystem that are weak, such as mobile wallet support and easy ways to purchase Monero, but many people are working on improving that status quo. And as these parts of the ecosystem are built out, there will be further interest from the same journalists who are reporting on Project Coral Reef right now.
And, too, this is just stage 1. There will be more coming next year from the same team that put this together. The biggest thing that Coral Reef has given us is leverage, due to the high profile nature of it, and we will be using that leverage to open doors elsewhere. Stay tuned!
Fees / Bulletproofs
Upcoming Monero Developments
The Merkle discussed 5 exciting Monero developments to look forward to in 2018;
1) Hardware Wallets
4) Multisignature support
5) Darknet Adoption
Stamp Monero - Guerilla Marketing Campaign
Additionally, there has been a lot of discussion regarding how we as a community can increase donations to the Monero fund. They are hoping this serves to further this goal of giving back to the Monero fund and helps get more users involved in promoting and contributing directly to the success of Monero. They are donating 10% of our proceeds to the general Monero fund and various Monero FFS projects.
Monerujo Android Wallet Update
Monero Dev Meeting Logs
Monero dev meeting summary and logs from December 17th are now available, highlights include;
Serhack is working on a new project, "Mastering Monero: Be your own private bank," an ebook written mainly by Serhack and some great community users. It will explain the methods, features and why you should join the Monero world. From public address to the sub-project Kovri, you will know almost everything about Monero by downloading Mastering Monero ebook
Ledger Hardware Wallet Update
Ledger Crypto Dev posted an update on the Monero Integration into Ledger. It appears they are still aiming for a Q1 2018 release.
Monero vs... Verge?
Verge has been recently making its way up the rankings as the next up and coming “privacy” coin. While I rather not get too deep into this discussion, it appears anyone who is willing to do their homework can see that at best, Verge is bitcoin with tor integration and stealth addresses. See the Monero stack exchange for a more in-depth comparison.
VLC Media Player Accepting XMR Donations
The creator of VideoLAN discussed that VLC will start accepting Monero donations on January 1st. The post discusses in detail why he believes privacy of the blockchain is not optional and therefore Bitcoin is not an ideal cryptocurrency. He goes on to highlight Monero as the best cryptocurrency available today that is private, secure, and most importantly fungible.
Monero Monitor Podcast
A new episode of Monero Monitor was released. The episode focuses on Nimble Wimble with Andrew Poelstra. The podcast covers the technical details of Mimblewimble's scaling and privacy-enhancing features, discusses the real world logistics of using the protocol, and looks at some of the coolest features enabled by the technology. They also discuss how Bulletproofs can help both Mimblewimble and Monero better scale, and also touch on how ValueShuffle might further improve privacy in Mimblewimble.
Monero Cat Web-Comic
Around the Web
CryptoIzzy discussed Monero’s valuation potential in his latest blog post. He estimates that in the next 5 years, we may arrive at a per-coin value for Monero of $240,000 – or roughly 600x the current price.
Marketwatch highlighted Monero as one of the7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin.
The Guardian highlighted Monero as one of five more “baffling cryptocurrencies to blow your savings on.”
Monero.how now has a new owner. It appears the new owner is a believer and supporter of Monero and will attempt to keep working with the community to make sure the website remains a valuable resource for the community and new-comers.
BTCManager reported that new research showed that Zcash transactions are largely unshielded and linkable. The paper sparked interesting discussions in the Twittersphere between Monero and Zcash advocates. While known for a long time by many, the research quantified the risk borne by users due to the opt-in nature of Zcash’s privacy.
- Fluffypony appeared in an Off Chain Special YouTube episode, where he discussed Monero, privacy, and bulletproofs.
- John McAfee posted on Twitter, "I am inundated by people asking me for recommendations on cryptocurrencies. If you would use your heads you would figure out that the privacy coins (anonymous transactions) will have the greatest future. Coins like Monero (XMR), Verge (XVG), or Zcash (ZEC) cannot lose."
Oracle Times discussed Monero and banking on privacy.
- BTCManager discussed that Bitcoin, Monero, and gold are “allies” in the private currency war.
- The Pirate Bay is now accepting Monero as a form of donation to its website.
- Monero was mentioned in a New York times article discussing Bitcoin.
MyCryptopedia discussed that Bitcoin is silently losing the war to Privacy coins. The article discussed Monero and why fungibility matters.
- Check out monerosound.info, whenever somebody makes a transaction or a block is found, you will hear a sound.
- 71Republic reported that South Korea is heavily considering regulating cryptocurrencies. The article highlights, “if the government continues to regulate the marketplace, more secure and private cryptocurrencies would be needed. Monero already solves this problem, which may make it even more likely for the cryptocurrency to rise in value in 2018.”
- Invest in Blockchain discussed Bolt, an anonymous payment channels for censorship resistant off-chain scaling for cryptocurrencies such as Monero.
- Lykke exchange is seeking devs for Monero integration.
- Monero wallet torrents are now available.
XMRigCC 1.2.1 (XMRig with command and control server, client daemon and dash board) was released.
r/Doomero was created, aiming to become the opposite of r/Moonero.
There will be a Monero meetup in Sheffield on January 24th.
- Monero was added to CryptFlix.
The Monero GUI (wallet) broken down in plain English by Electric Sheep.
- What Is Monero? An In-Depth Guide by skunkfeed
- How to Buy Monero – Best Monero Exchanges and Reviews for 2018 by u/Bitcoinfriend
- Cryptocurrency Freak posted a detailed guide on how to buy Monero with fiat.
- Cryptoguides posted a guide on how to buy Monero via Coinbase and Binance.
Using Monero on Tails by u/ggelango
- “Raspinero” – A safe way to create, audit, and spend from a wallet on Raspberry Pi by u/Flenst
Hashtag Investing discussed what is Monero and why it’s a better investment than Bitcoin.
- Blockhain Joy posted a Monero analysis for December.
7 Things Everybody Must Know About Monero by u/OliviaBell250
- Crypto Column posted a basic guide to understand Monero, highlighting some pros and cons.
- Bitcoin Beginner posted, “What is Monero? The cryptocurrency where privacy matters most.”
How to Mine Monero & Setup a Wallet by u/ryanward784
How to Mine Monero with your CPU on Linux by u/jonathanmh
- u/rideoutlife posted a video guide on Monero’s anonymity for dummies.
- The ultimate intro to Monero [Part 1] – What is Monero? by Decypher Media.
r/Monero 70k+ Subscribers
Congratulations to r/Monero for breaking 70k+ subscribers!
Shopping with Monero
Forum Funding System
- MoneroMoo Full Time Coding, January-March - Funding complete!
- Coordinator for Localization Group + Various Maintenance - Funding complete!
- Monero Bounty for Hackerone - 85.0% funded
- Monero Tracking Challenge #2 - 52.05% funded
Top 5 r/Monero posts of the last few weeks
- Monero is here.
- Project Coral Reef: furthering mainstream adoption of Monero
- Multisignature just got merged!
- 'Be Your Own Bank', A Cautionary Tale
- "Privacy matters" starter pack
Until next time…
Enjoy this webcomic by u/RoyalMayonnaise
- Vol. 01, No. 17-18 12/5/17 12/25/17
- Vol. 01, No. 16 11/28/17 12/4/17
- Vol. 01, No. 15 11/21/17 11/27/17
- Vol. 01, No. 14 11/14/17 11/20/17
- Vol. 01, No. 13 11/7/17 11/13/17
- Vol. 01, No. 12 10/31/17 11/6/17
- Vol. 01, No. 11 10/24/17 10/30/17
- Vol. 01, No. 10 10/17/17 10/23/17
- Vol. 01, No. 09 10/10/17 10/16/17
- Vol. 01, No. 08 10/3/17 10/9/17
- Vol. 01, No. 07 9/26/17 10/2/17
- Vol. 01, No. 06 9/19/17 9/25/17
- Vol. 01, No. 05 9/12/17 9/18/17
- Vol. 01, No. 04 9/5/17 9/11/17
- Vol. 01, No. 03 8/29/17 9/4/17
- Vol. 01, No. 02 8/22/17 8/28/17
- Vol. 01, No. 01 8/15/17 8/21/17
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Monero Observer is a free weekly news publication released every Tuesday, created in an effort to keep the Monero community up to date on all the latest news and developments related to Monero. We aim to achieve this by aggregating all the relevant information into one convenient location in an easy-to-digest format. We sift through the noise so you don’t have to.
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This site 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 authors of this site 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 without verifying their credibility.