Who‘s the non-violent community who mined, bought & timelocked 20% of circulating supply?

2 min readDec 28, 2019

The time is 2:24AM at night, 17th of June 2019.
The Ethereum network receives a transaction into its mempool.

An anonymous person with the pseudonym “Mundo” has deployed a new smart-contract.

Mundo created a mineable currency which is deflationary by design, and which is owned and driven solely by the community.

Mineable by work.
Committed by community.
Deflationary by design.

Mundo created BitcoinSOV (BSOV) — The community progressed it.

Non-violent Deflationists

The community consisted of non-violent volunteers who stayed committed to protest against inflationary government currencies, by using their own currency which is designed to reach a negative inflation-rate — Opposite compared to fiat-currency.

Proof-of-Commitment (PoCom)

The community created SovCube.com and timelocked their BSOV to prove their commitment.

Over half a million BSOV were timelocked by 15 different addresses, resulting in over 20% of the circulating supply to be timelocked.

The biggest timelocker has timelocked 210,552 BSOV, which would take him/her a minimum of 4 years to withdraw.

Some of the biggest holders of BSOV have timelocked their tokens, resulting in a 4-year+ commitment by the biggest holder, since the timelock-contract has a WithdrawalLimit of 1000 BSOV every 1 week. It could take 8 years if the timelocker chooses to withdraw them every 2 weeks instead.