Devcoin, I0Coin: Satoshi’s Coins (UPDATED)
The World is sleeping on an extraordinary opportunity in open sourced code
This article will be more pictorial than written word, but that is because this is the last time I will be trying to hammer home cold hard, coded, facts. Your Bitcoins come from a root source, one that has been around as long as Bitcoin and when all is said and done — much longer than Bitcoin. What I mean by that is that the whole concept of Bitcoin was derived for a much greater reason. The most collaborated, multi-jointed, corporate and government ever is Bitcoin. There is a reason for that. Peer-to-peer scaling of the internet is one. Solving velocity issues of fiat currencies in world wide commerce is another. Crowdfunding the effort to escalate the development of the world wide web — throw that in there too.
The reasons are many, but for Bitcoin, there is only one actual source of coins. That goes for coins in your Litecoin wallet, Ether in your exchange wallet, Bitcoin Cash you mine, Ethereum Classic you think you own. The numerous altcoins we have all bought, grown to trust, but do not yet quite understand. You need to realize what a coin is to understand how Bitcoin works. You need to understand that Bitcoin Core is the software that runs transactions in Bitcoins. Other software does this too, your wallets, your mining software, etc. When you realize what this is and see enough in open source code from the very root in 2008 (even 2004), you will be bullish on Bitcoin for years to come. I think it’s relevant and factual when I quote Bachman Turner Overdrive on Bitcoin’s future prognosis — you ain’t seen nothin, yet, baby. No you ain’t.
Developers, have been fairly hinting at the facts for years. No one is going to make you a billionaire, but they certainly played a fair game. Like a third grade math teacher when you were partially right at solving your first math problems. They didn’t give you the answer, but when you got enough hints about where you were wrong or even where to look — you got the right answer. I did, at least. I love how fair this game has been. We have developers to thank for that. My story in relation to cryptocurrencies is that I came along in late 2017, but I stayed until this very day. I traded at first, not knowing what I was doing — and I lost money. I started to research and meddle with charting and things got better. When the “bear market” came at a pre-ordained time in February I got frustrated, bored, but did not lose hope. The bear market was a time for me to ignore trading and the noise of who was scamming who, who robbed who, because I have a track record of looking through bullshit to find meaning when I am intrigued. Believe me, Bitcoin intrigued me. I was not making money, but I wanted to gain an advantage to set myself up to be in that position. I have been a research analyst, a professional athlete, but never a “tech” person. I still saw the opportunity in this game. Billions of dollars flowing through Bitcoin’s bear markets and obviously, its glory days in late 2017 had me wonder one thing — why?
A good place to find “why” is not in the news, not on Twitter, not in charts, not what Vitalik or Craig Wright says, not in professional financial advising — its not easy, but it is free. It is fair-game for anyone who wants to research it. Bitcoin is code. The answers are on Github and across repositories on developers own websites. I am talking about open source code. The answers are not obvious to non-coders. I was a non-coder. I still could find out what code meant with a little effort. Okay, a lot of effort. But still, I write all of my understanding and finding here. Anyone can see it and use it to their advantage — but time to do so is running out.
Being a realist, I may have asked myself the following questions just to make logical sense of it all:
- Do I believe petty bullshit? In-fighting amongst developers, Bitcoin vs. Bitcoin Cash, Vitalik rants, Twitter bots, staged drama? I do not. Ignore it all.
- Do I believe exchange hacks occur on a near regular basis for millions of dollars? Do I believe the government couldn’t find someone who took such a large sum of money? Not a chance. Ignore it.
- Do I believe we, the public, are presented a lot of staged drama and bullshit so that malicious actors may be driven away from finding out the truth and hoarding a bunch of coins, that are Bitcoin, but dirt cheap at the moment — so that Bitcoin can be protected and have a future? I do. I have seen it. If you solely go by what people say, but you do not see for yourself — you are not going to make the right investment. You are asleep and blind to the truth. That is your own fault. Challenge reality every now and then in order to uncover reality itself. Bitcoin is in the Matrix right now. Only in there will you find it.
- Do I believe that charting, trading, financially focused advising has a place in Bitcoin investing? Absolutely not. I know that is controversial to say but if you start to notice patterns that is because all of this is pre-planned and well organized (understatement) by the developers, their corporations, the world governments and everyone in the know. Bitcoin is code. The code dictates where the price goes. Ask yourself how many people you know that actually give a damn in the outside world, face-to-face, about Bitcoin? I know only the people I have got into Bitcoin myself. People have no idea what it truly is, but some people are not even aware of it in any sense altogether! My estimation is I have met less than 0.5% of people out in the real world that are participating in Bitcoin. If they do its just with the ideas the news cycle has conveyed to them — it’s a bubble, it’s done, it’s a stock market. It is none of those things. Bitcoin is math, code, and cryptography. It’s all open sourced. Reject the Twitter superstars and their fancy charts — none of those guys have ever owned up to Bitcoin Core (BTC) admitting that it is only a ledger. Ledger’s record financial transactions but have little worth. Just have a look at the real reflection of BTC price when the source of Bitcoin’s is properly recognized in code:
This Block Explorer knows that in genesis resides the coinbase. The coinbase is where the “COutPoint” event takes place. You cannot think linear when it comes to Bitcoin because it is multi-directional in development. What was once a “Genesis Block” was never meant to be one in the main network. Forks are how chains have separated and spread out value, but the ecosystem has ways to communicate and even still transact coins that are minted from merge mining and sent to BTC’s ledger as Newly Generated Coins. This has been discussed at length here and if you don’t get how Devcoins (DVC) and I0Coins (I0C) send block rewards off to BTC by now then you need to brush up on your understanding of code, cryptography, and pay attention to the raw block data I have presented to you. For some time before I ever found the true coinbase transaction, I had known through raw block data that both I0Coin and Devcoin were sending off ~12.5 coin block rewards to BTC’s ledger. I knew enough about API as to why this has been a one way street for the coins relative to their price. They are not minting I0Coins or Devcoins, they are minting Bitcoins. Those Bitcoins are sent literally everywhere, reaching as far as Ethereum and Bitcoin Cash — their peg for tokens and even sitting in smart contracts. When the analysts hint at 90% of the market disappearing, soon, it is a sign that merge mining has worked. You can hit a fork in the road and you can also merge into one lane. What went out in value from the sources of Bitcoins is where the most value resides. This is for two main reasons:
- The value out from Devcoin, I0Coin, IXcoin, Syscoin, and a few other minor minting coins has never returned.
- The availability of actual coins is scarce. 99.99% of merge mining is done — at least for Bitcoins — and this is a pre-planned security measure taken by developers to prevent hoarding, encourage fair distribution to both rich and poor “outsiders” and entirely mathematically explainable.
The information is out there to explain how value and supply of Bitcoins are not what they appear to be. If you even glance at a Block Explorer but don’t see the raw block data yourself, you would have no idea how many Devcoins (Bitcoin) actually exist.
First, we are told that an absurd amount of Devcoins are minted per block, 50,000 and with no hard cap on the supply. That is incorrect. Devcoin mints 12.5 Bitcoin block rewards at this very moment:
Notice that even the surface data on the explorer, above the raw block data (actual code output), says 50,000.0 DVC created for the block. I could write anything I want onto a website and still input actual code directly from software right below it. I could write that my software was putting out one integer above that code but the direct output of code could show an entirely different number. So why is this done? Seems deceitful, but its just how you protect the integrity of fair distribution and you have to hand it to the developers for doing things this way. The truth is there for anyone to see in the directly transmitted raw block data. If you want to figure out what it means and look for yourself you are free to do so. That is the mantra of open source code. That is why I ignore almost anything but code. However, I do believe it is beneficial to research the right people you find and what they are saying. They aren’t household names — or even go by their real names — but if you read what they say, it sometimes makes sense when you have seen the facts yourself. Guys like Vlad2Vlad (IXcoin developer) and markm (Devcoin developer) from bitcointalk.org are who I am talking about. In regards to Devcoin, markm reveals the mathematical misrepresentation of Devcoins in circulation, or at least the perception of how many Devcoins are in circulation:
While markm does say there are 50,000 coins minted per block, this is not true in the present day. He may not be lying however when a new genesis block is connected through merge mining. Think about cross chain output from mainly 2 or 3 “altcoins” as Bitcoin but also flowing through Ether and more. Devcoin has “died” and restarted 3 times. Each time the code probably changed as I have pointed out so that certain amounts were spread into other areas of the blockchain and not correctly credit as “Devcoin” in the current day. Ether is a hardcoded blockchain that is programmed into the blockchain. I have seen markm discuss how his Devcoin nodes were hardcoded as well. All I am getting at is that supply is not what we perceive it to be because of what even reputable people appear to be saying. In regards to Devcoin:
- 50,000 per block is a reflection of DVC value. If it is “intended to be 1/1000” the value of a typical 50 coin per block coin we can assume 1,000 DVC is equal to the value of 1 BTC because we know DVC is part of the coinbase and BTC is just software which has a ledger that transacts and records Bitcoin transactions. We can think in the opposite direction as well. If intention is to make DVC 1/1000 of BTC (both are Bitcoin) then we can divide 50,000/1,000 and get 50 coins per block. Since Devcoin is minting 1:1 block rewards at the moment with BTC as Bitcoin, I will let you determine what is most likely. This is obviously being hinted at by markm, but not outright admitted. This is good as it promotes factual information and security.
- It’s important to realize mathematically that value is being distorted mathematically as well. Value is not code reliant as much as it is reliant on $USD and other fiat currency. Putting paper currency into the value is not hard code. The value can be manipulated further by mathematics of whoever is inputting the value manually into the system (investors and developers). Yet, markm gives us some insight onto why the value is thrown off when he says DVC already had its decimal moved three places. Think of 1 Bitcoin being 1.00000000 (8 decimal places for satoshis). Now think of DVC minting at a 1:1 rate but having its decimal moved three places and equaling 0.001 BTC (or inversely, 1,000 BTC). Since markm said the value was designed to be 1/1000 of BTC’s price we will go with 0.001.
There are two “witnesses” (segwit) in play right now. The most obvious is for BTC and is in form of IXC. IXcoin is correctly showing a price raised to the power of 10 on its block explorer (7800 satoshi). For DevSTEEM integration, Devcoin is referred to as the “witness” but since we are dealing with the -1 side of the prism in a sense, we will say the match is inversely related (Devcoin to the 1/10 or negative power of 10. Don’t be an idiot and get this confused below.
If Devcoin started this way as Bitcoin that makes sense to me as someone who read and deciphered “Duality” which has far too much relevant information that are tied to facts for me to ignore. For example, Satoshi Nakamoto wrote about how Bitcoin was designed to cap at 210,000 coins. I cannot link to the PDF currently because the link is broken. However the 210,000 Bitcoin idea was changed to 21,000,000 coins. [210,000*1000]/10 to adjust for DVC supply and inversely as the “witness” and value mathematically lands us at 21,000,000 coins. Further proof is found in the Block Explorer where 16,927 M DVC (milli-devcoins) are claimed to be in supply:
A milli-devcoin is just a measurement of coins for larger scale transactions. It is the same thing as a milli-anycoin in crypto when talking about mathematical count. 1,000*16,927 M DVC is equal to 16,927,000 Devcoins. The thing about crypto is that so many different angles of math, code, and cryptography can explain the true meaning of the helpful words markm and Vlad2Vlad have contributed over the years to the public for them to look deeper into. I used to never understand markm’s posts, then I kind of understood them by matching what I knew in fact to what he said — ultimately arriving at a point where I could just directly look into the words he was saying. It’s like that with Vlad as well. The end result is another resource was advantageous in reading the devs community interactions over the years to paint a better picture of Bitcoin and how it all works.
I have discussed the mannerisms of Devcoin and I0Coin and how they will merge into one ledger where they share public key addresses. One being a pubkeyhash and one being the “Hash 160” as noted on Blockchain.com’s BTC ledger. They meet at the specific example linked here. Another v1 merge mined coin has acted much like I0Coin does now and was done “minting” its coins in 2015 — that would be IXcoin. SYScoin has changed three times that I know of, most recently upgrading to SYS 3.0 from SYS 2.1. As I discussed in a previous article, Syscoin shares the most important Github developer from Devcoin. The same developer that led me through my own research from a Devcoin Github to the meaning of “wwa1961” (helping me find the outpoint of DVC from the actual coinbase and its purpose to rewrite alphanumeric code on the blockchain — see header image/below image) presides over current Syscoin development. My previous entry explains the importance of Syscoin and the importance of the developer, sidhujag, and why DVC/SYS/I0C have a meaningful connection through his work.
In the same way, “domob1812” (Daniel Kraft) has also reigned over the development of any important v1 merge mined coin “sidhujag” has not: Namecoin, IXcoin, I0Coin, and even Bitcoin Core. The importance of these coins and the same developers cannot be ignored. These are the one’s who know the plan, perhaps Satoshi(s), and they have been at it for almost a decade in coding. It’s all on Github. The first Satoshi code for Bitcoin comes from 2008. The Genesis Block from 2009 is preceded by a very old coinbase transaction (seen in Devcoin’s debug log) — perhaps even by as much as “200+” blocks as part of a pre-released Bitcoin blockchain (you can see a personal recollection of that at bitcointalk, here).
The “pluribusunum” format in Devcoin code (receivers.h) makes sense because it is on U.S. currency and the Great Seal of the United States. Could USD be the initial investment in Bitcoin because of the original USD funding of the internet? The Department of Defense ARPANET was funded by DARPA — which has a 2.9 Billion yearly USD budget, coincidentally that is USDT’s marketcap and it does not fluctuate much. Going off of that it is relevant to note that colored coins and tokens match up in both steganography and transaction/code which I will match up later between Devcoin and USDT.
DARPA. has been funding defense communications since the birth of the ARPANET (first internet). The relevance to ARPANET is relayed by the same cloud service ETC’s Block 0 is on, but with a decoded message through the micro-chain implementation of “MOAC” — and the dates, data, etc. all matchup with ETC — which I know to be connected in the coinbase tx through its parent hash to all merge mined Bitcoins (Devcoin was just the first one out and kept its record of the event in the debug log):
The ARPANET originally communicated between 3 locations, two of which were California-Berkley and MIT. There are two databases involved in Bitcoin software and licensing — Berkley-DB and the MIT license. I also found Satoshi Nakamoto’s PGP Keys on a database from MIT, that is likely where the genesis block will ultimately be signed leading to a Bitcoin mainnet that validates all of the facts I have brought forth here. I am just following their trail, after all. Following developers and knowing enough of the code to interpret it correctly helped me find all of these valuable pieces of information. Anyone could have done what I have done if they wanted to. That’s fair game.
I promised I would not write so much as share evidence. This article will be continued in the future. For now I am releasing research on how merge mined coins (like DVC, I0C, IXC, and SYS) funnel throw to Ethereum, Bitcoin Cash, their tokens — most importantly Tether (USDT), and the underlying raw block data that proves it. The re-emergence of both colored coins and wormhole protocol on Bitcoin Cash is a two-state match that purposely ties to the same genesis block COutPoint hash. The match is paired with both OMNI Layer (formerly Mastercoin) and its tokens as well as Ethereum, Ethereum Classic, and ERC-20 tokens. We have three main merge mined v1 coins that have minted coins out to BTC’s ledger in I0C, IXC, and DVC — matched by three versions of SYS that has done this since as early as 2014 and 100% is doing the same in the present day. I0C and IXC are twins in their historical raw block data and coin minting, I0C does what IXC did until 2015 and the inverse is also true. A total of 6 different named coins all minting Bitcoins in history. They can match up with the ledgers as well. If Bitcoin Core and Bitcoin Cash are twin ledgers, the same can be said about either one and both Ethereum Classic and Ethereum. It is also important to note that Ethereum has forked plenty (much like SYS has changed versions). In regards to Ethereum even testnet transactions I found for different Ethereum protocols have made their way to BTC as Bitcoin. With Devcoin being both coin and token currency — is it so hard to think of I0C and DVC as the underlying blockchains that make up both? See for yourself in the photographic explanations below:
Omnilayer — Home of Tether, Fork of Bitcoin Cash (Wormhole)
Steganography (and code, common sense) FTW
STEEM Velocity (of money?) 0.20.0 (September 25 Hard Fork, although active on testnet today — very important, much will happen during the next month).
Do you think I am kidding? I’m not:
The comments section is where we can learn and confirm beliefs from insiders. Steemit provides a match for DVC as a blockchain (STEEM), a token/USDT stablecoin match (SBD), and will be counteracting a lot of hard times to fuel a monumental pump for all merge mined originals (v1) with STEEM POWER (SP). I want to explain all these things, but just watch it play out as I already have — in their counterparts in the current state of Bitcoin. The time is coming for quantum superposition and mergers. Hold onto your pants.
STEEM POWER (SP), S&P 500 INDEX, BTC, & COINBASE INDEX
There is almost parity amongst the S&P 500 Index price and Coinbase Index fund. Want to know why? Here is an intriguing theory.
STEEM POWER (SP) is the fuel to pump DevSTEEM integration. Coincidentally I believe the cryptocurrency market will use “colored coins” to integrate stocks, assets, non-crypto related commodities into the crypto trade. If Devcoin (DVC) is on the STEEM side of the color spectrum (it is, just look at the prism) and all things Bitcoin are on another side with “orange” (it is, just look at the prism) it would be interesting to combine all colors in a two-state, quantum superposition sense (stock + cryptos). Today, there was an article that came out:
So why Steem Power? It makes too much sense. Why STEEM? Well here’s another article:
and a quote…
Fundstrat’s Bitcoin (BTC) analyst Tom Lee has claimed that the cryptocurrency “could end the year explosively higher,” citing a correlation between it and emerging markets. Lee has made his new prediction in an interview during CNBC’s “Trading Nation” show August 25.
The Head of Research at Fundstrat Global Advisors has said that he “still think[s] it’s possible” that Bitcoin’s price could surge to as high as $25,000 this year. Lee has based this assumption on the relationship between the price of BTC and BlackRock’s iShares MSCI Emerging Markets exchange-traded fund (ETF), which tracks large and mid-sized companies in emerging markets.
The “important correlation,” according to Lee, lies in the fact that both markets are running somewhat parallel to each other, with both having “really essentially peaked” in early 2018, as well as “both [having been] in a downward trend” from then on.
BTW the EEM here is a subsidiary of Blackrock. Here’s another article:
Are you still not sure that STEEM is going to rise and bring down November Rain? The Intercontinental Exchange (ICE) — parent company of NYSE — is going to offer a physically settled (post-reorg) Bitcoin Future’s product. What is interesting to me is the “parent” company may unleash the beast in the null/parent block hash (string of zeros). And if that doesn’t convince you I guess you could just check out the coming Ethereum fork, Constantinople, and wonder why Satoshi even wrote about a Byzantine generals issue in the orignal whitepaper altogether — but you can figure that out yourself. (Side note, why call the hacked wallet “Parity” — figure it out with simple accounting measures).
In relation to the above:
- The 57 year rule of the Latin’s in Constantinople began in April 1204 and lasted until a siege of the city by the Byzantines on July 25, 1261 (57 years, 3 months, 25 days).
- The initial idea of the internet is credited as being Leonard Kleinrock’s after he published his first paper entitled “Information Flow in Large Communication Nets” on May 31, 1961. If this was the initial idea for “Bitcoin” (remember the Github repo “wwa1961/devcoin”) then we will see around September 25, 2018.
- STEEM Velocity Fork 0.20.0 occurs on September 25, 2018.
I0C was “updated” to Devcoin. We’ve been over this in previous articles. From the many, one (Devcoin). From one the source — I0C. With a witness in one state, IXC, and a witness in the other “DVC” — and then 3 versions of SYS to match the multi-natured “granularity” of Devcoin.
Update (8/31) — EOS creator Dan Larimer, Created Steemit as well
This is significant in that it ties EOS to the Bitcoin coinbase we see through merge mined v1 coins (I0C, IXC, DVC + SYS).
Just messing around with some of the raw block data from EOS I could find a couple of Bitcoin script codes in the “action_mroot”
Dan Larimer, founder of EOS, founded Steemit as well — the beta to Devcoin’s alpha at devtome…
To be continued…
There’s plenty of proof to see above. I hope you find your own confidence in the facts relayed to make great investments.
Also, I never get donations for my writing, but since DVC is for writers too I might as well ask to be included. All donations will go toward future writing, adoption efforts, and charitable causes (I have many in mind).
DVC: 1Ntg236dejeK4wdwsZkCNiw7j6C7kS6S6h
