Verifiability of Supply

This is probably the most common point of FUD brought against Monero, and is caused by the complexity and nuance involved in understanding how supply audits work in cryptocurrencies.

Monero’s supply can be easily audited by anyone running a Monero node, but this process does rely on the soundness of the monerod software implementation and the validity of cryptography used in range-proofs. These range-proofs allow it to be mathematically proven that the inputs and outputs of each transaction add up to zero without revealing amounts, ensuring that the supply is sound and not inflated in any way. Every node on the network is validating these range-proofs in each transaction every time a transaction is first seen, and validating all historical range-proofs when initially syncing.

A manual audit is possible because coinbase transactions (those transactions that are mining rewards in each block including issuance + transaction fees) are intentionally transparent and amounts of these outputs are not obfuscated in any way. Monero users running a node can simply validate these totals on-demand, and all node owners are constantly verifying the amounts in transactions via range-proofs.

Unlike Bitcoin, however, Monero users cannot simply do “napkin math” and validate the supply by manually adding up UTXO amounts, as transactions are never known-spent by the network, only by the parties involved in each specific transaction. This does force some added reliance on code/cryptography over Bitcoin, but as-of-yet I know of no onevalidating the Bitcoin supply this way. It does remain a valuable advantage of a transparent cryptocurrency, though it comes at the cost of the transactional privacy of every user in the system.
General

New primer on full-chain membership proofs available on YouTube:
- https://www.youtube.com/watch?v=jc8Kc0WogAI
Fantastic Forbes article on Monero:
- https://www.forbes.com/sites/boazsobrado/2025/01/18/is-monero-keeping-bitcoins-cypherpunk-dream-alive/
BTCPay team being amazing and migrating Monero support to a plugin for v2.x
- https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/538#note_28197
- https://github.com/btcpayserver/btcpayserver/pull/6535
- https://github.com/btcpayserver/btcpayserver-monero-plugin
- Napoly and Deverick Apollo will help to transition the plugin to the Monero community and build out multi-wallet support
  - https://monero.observer/napoly-deverickapollo-ccs-proposal-develop-btcpayserver-monero-plugin/

Software Updates

Mining Monero

XMRChat Boosts

You just leveled up 🤜💥🤛 Seth mentioned on MM01 that you can mine Monero on a laptop. Could you walk us through the process? What to download (ideally a GUI for those who don’t know CLI), best practices, guides, etc? Google results are 💩 Cheers 🙏
What are some good resources for explaining about Supply auditability And how Peterson commitments work? Tell Vik we need some sexy educational material
What is the highest transactions per second Monero has seen so far? And what is it capable of today?
@Seth: Followed your Docker guide setting up an XMR node. Works like a charm on my "mini pc". Yet every wallet I connect has issues, Monerujo stops working on connect, Stack Duo syncs but quits connecting after a while. Is Tor the issue, how to debug?

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(00:00:00) INTRO

(00:01:14) Verifying the Supply

(00:22:20) UPDATES

(00:22:40) FCMP Video Explainer

(00:23:17) Forbes Article

(00:23:54) BTCPay Moves Monero to a Plugin

(00:28:02) Haveno Releases Bug Fixes and Various Improvements

(00:31:24) Retoswap

(00:33:54) Cake Wallet Updates

(00:34:54) Easy Laptop Monero Daemon

(00:36:30) Mining Monero

(00:45:04) XMR CHATS

(00:59:04) BOOSTS

(01:07:08) Thanks and C U Next Month

(01:08:30) THANK YOU FOUNDATION

(01:09:38) THANK YOU CAKE WALLET

THE OFFICIAL MEA CULPA WITH MICHAEL COHEN ARCHIVE

BEST OF MEA CULPA: TRUMP, THE ART OF THE DEAL AUTHOR TONY SCHWARTZ

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