Dobbscoin: A Peer-to-Peer Slack System

The Official CryptoCurrency of the Church of the SubGenius — Backed by Nothing, Powered by Everything

v1.0 — Submitted at the convergence of 0.10.808.999, after twelve years of stubborn existence.

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Abstract

Dobbscoin (ticker: (BOB)) is a peer-to-peer cryptocurrency forked from Bitcoin Core 0.10.x, in operation continuously since block height zero on January 7, 2014. Its sole purpose is the transfer of Slack — the One True Currency of the Church of the SubGenius — between sentient beings without the involvement of any priest, banker, central authority, or other agent of the Conspiracy. There is no foundation. There are no investors. There is no premine. There is no marketing budget. There is J. R. "Bob" Dobbs, smoking His pipe in the marketplace of ideas, and there is the chain. That has been enough for twelve years and counting.

This document describes Dobbscoin's chain parameters, its modernization trajectory, its emerging cross-chain expansion via the wBOB bridge, and the theological premises that justify any of it.

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1. The Problem

The world's monetary systems are operated by the Conspiracy — a loose-knit confederacy of bankers, regulators, bureaucrats, brand managers, and reply-guys whose collective ambition is to convert all human activity into a debt-bearing instrument denominated in their preferred unit of account. The result is a financial substrate optimized for one outcome: the steady transfer of Slack from those who produce it to those who already have too much of it.

Bitcoin proposed an exit. It worked, more or less. But Bitcoin's community, in an act of unforced theological capitulation, reorganized itself around the worship of "store of value," "digital gold," and "corporate treasury allocation" — the Conspiracy's exact vocabulary, applied to a slightly different rail. Whatever Bitcoin was meant to be, it is now a hedge fund product with a community Slack channel.

Dobbscoin takes a different position. It is a coin for people who think the existing financial system is funny, who believe the appropriate response to monetary tyranny is mockery, and who hold that the only honest valuation methodology is "well, somebody is willing to send some of it to me, so it must be worth something." It is a sincerely-engineered piece of unserious software.

This is what Bitcoin was supposed to feel like, before it grew up.

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2. Genesis

The Dobbscoin chain began with the following coinbase message, embedded in the scriptSig of the genesis transaction:

NY Times 05/Oct/2011 Steve Jobs, Apple's Visionary, Dies at 56

This is not a financial-news headline in the Bitcoin tradition (which referenced a UK bank bailout). It is a memento mori: a reminder that even the most charismatic prophets of design and monetization eventually return to dust, while the chain continues to extend itself one block at a time. Bob Dobbs, by contrast, cannot die, because He was never alive in the conventional sense. He simply is. The chain agrees.

Genesis block details:

Parameter	Value
nTime	1389086657 (Tue Jan 7, 2014 06:04:17 UTC)
nBits	0x1e0ffff0
nNonce	2084524493
nVersion	1
Initial output	1 satoshi (purely commemorative; unspendable)
Coinbase scriptSig	The Steve Jobs obituary above

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3. Chain Parameters

Dobbscoin inherits the bulk of Bitcoin Core 0.10.x's consensus, with network-identifying constants chosen to make accidental cross-network interaction impossible.

3.1 Mainnet

Parameter	Value	Source
Network magic (pchMessageStart)	a0 fb 17 83	src/chainparams.cpp:111-114
Default P2P port	19985	src/chainparams.cpp:116
Default RPC port	19984	—
DNS seeds	seed.dobbscoin.info, earlz.net	src/chainparams.cpp:156-157
Address prefix (P2PKH)	0x00 → 1-addresses (visually identical to BTC; do not cross the streams)	src/chainparams.cpp:159
Address prefix (P2SH)	0x05 → 3-addresses	src/chainparams.cpp:160
BIP32 ext-pub	0x0488B21E (xpub)	src/chainparams.cpp:162
BIP32 ext-priv	0x0488ADE4 (xprv)	src/chainparams.cpp:163
Decimals	8 (satoshis)	upstream
Proof-of-work hash	scrypt	src/primitives/block.cpp:19 (HashScrypt(...))
Tx version policy	v1 only — v2+ rejected at mempool	src/main.cpp:643, src/primitives/transaction.h:178
Target block time	2 minutes (since block 68425)	src/pow.cpp:477-478, 573
Difficulty retarget	KGW + DigiShield hybrid, every block	src/pow.cpp:561-579 (see §3.4)
Block subsidy	1.5 (BOB) per block, perpetual since block 951753	src/main.cpp:1310-1316 (see §4)
PoW difficulty floor	~uint256(0) >> 20 (intentionally lower than Bitcoin's)	src/chainparams.cpp:117
Money sanity ceiling	MAX_MONEY = 10,000,000,000 (BOB) (validation cap, not a supply cap)	src/amount.h:28
Hard supply cap	None — see §4	—

The lower difficulty floor is intentional. Dobbscoin is not optimized for the world's largest mining cartel; it is optimized for a hobbyist with a CPU and a sense of humor to participate without being instantly crowded out.

The transaction-version policy is the most consequential of the "stayed-in-2014" choices: because version 2 transactions (BIP68 / CSV relative timelocks) are rejected at the mempool, Dobbscoin does not support sequence-based timelocks, payment channels with revocable states, or native Lightning. This is not a planned feature gap — it is a consequence of consensus rules that were never updated, and updating them is not on the roadmap. (BOB) is a settlement-only asset.

3.4 Difficulty Retarget — KGW + DigiShield Hybrid

Dobbscoin's difficulty algorithm has switched modes three times by height-gated DiffMode selection in src/pow.cpp:561-579:

Block range	Mode	Algorithm
0 – 13 578	V1	Bitcoin-style retarget every 2 016 blocks
13 579 – 31 596	V2	Kimoto Gravity Well (labeled "BOB's Wormh0le (KGW)" in src/pow.cpp:298)
31 597 – 68 424	V3	DigiShield with 10-minute target, every-block retarget
68 425 – present	V4	DigiShield with 2-minute target, every-block retarget

The V4 retarget (src/pow.cpp:443-470, 532-558) uses DigiShield's amplitude-filter / asymmetric-bounds design: the next target is computed as target + (actual − target) / 8, then clamped so difficulty can drop faster than it can rise (the actual-timespan upper bound is 1.5 × target, the lower bound is 0.75 × target). The practical effect is that a multi-pool driving 10× the network hashrate at the chain for an hour will see difficulty climb out of their range within a few blocks, and difficulty will drop back to honest-miner range within a few blocks of their leaving. The drive-by-hashing exploit that hollowed out the 2013-2014 altcoin cohort no longer functions against (BOB).

3.2 Testnet

A standard Bitcoin-derived testnet runs alongside mainnet on port 39985, intended for tooling development and bridge / wallet integration work.

3.3 Regtest

Used for deterministic local testing — useful in particular for developing and verifying the wBOB bridge's Dobbscoin-side logic against controlled chain conditions.

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4. Emission Schedule

Dobbscoin's emission schedule is not the standard Bitcoin curve. It started Bitcoin-shaped, was reshaped by a 2014 hard fork that cut the block reward and the block time together, and was capped in 2017 to settle into a perpetual flat-subsidy regime. The full schedule, as implemented in src/main.cpp:1280-1319:

Era            Block range            Subsidy        Cause / Source
─────────────────────────────────────────────────────────────────────────
Era 1 (10-min) 0       – 68 424      50 (BOB)/block   genesis params
                                                      (chainparams.cpp:125)
Adjustment     68 425  – 69 790      10 (BOB)/block   2-min hardfork — keep
                                                      total rate consistent
                                                      (main.cpp:1293-1295)
Era 2 (2-min)  69 791  – 951 752     starts at 10,    Bitcoin-style halving
                                     halves every     every 210 000 blocks
                                     210k blocks      (main.cpp:1297-1306)
Perpetual      951 753 – ∞           1.5 (BOB)/block  hard-coded floor
                                     forever          (main.cpp:1310-1312)

Concretely, the per-block subsidy followed this trajectory:

Block height	Subsidy
0 – 68 424	50 (BOB)
68 425 – 69 790	10 (BOB) (transitional one-off)
69 791 – 279 790	10 (BOB)
279 791 – 489 790	5 (BOB)
489 791 – 699 790	2.5 (BOB)
699 791 – 909 790	1.25 (BOB) → floored to 1.5 by nBlockRewardMinimumCoin guard at main.cpp:1316
909 791 – 951 752	1.5 (BOB) (floor active)
951 753 – ∞	1.5 (BOB), hard-coded forever

(BOB) is therefore not a deflationary asset. After block 951 753 — which the chain crossed in 2017 — the supply grows linearly at 1.5 (BOB) per ~2-minute block, or roughly 394 200 (BOB) per year, in perpetuity. There is no asymptote, no halvening event in the future, no terminal supply.

The intent of the perpetual floor is to ensure that miners always receive a non-trivial reward for securing the chain, even after transaction fees have evolved (in either direction). A coin whose miner subsidy goes to zero is a coin whose security model rests on fee markets that may or may not materialize. (BOB)'s floor sidesteps that question.

The MAX_MONEY constant defined in src/amount.h:28 — 10,000,000,000 (BOB) — is a validation-time sanity ceiling (the maximum value any single transaction output may carry), not a chain supply cap. At the perpetual emission rate, the chain would require approximately 25 000 years of uninterrupted mining to even brush this number.

There was no premine. There was no presale. There were no "strategic partners". The genesis block produced one (1) satoshi as a ceremonial output, and that satoshi is permanently unspendable due to the historical Bitcoin Core peculiarity that the genesis coinbase output's UTXO is not added to the database. The first spendable (BOB) came from the first regular mining reward, available to anyone with a working dobbscoind.

This is the SubGenius position on monetary issuance: equality of opportunity to grind, not equality of allocation by committee. (BOB) will continue to be issued at the perpetual rate for as long as "Bob" continues to want it, and presumably therefore forever.

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5. The Modernization Effort

Dobbscoin is, by any measure, old code. The reference daemon (dobbscoind) descends from Bitcoin Core 0.10.x, which dates from 2015. Berkeley DB 4.8 — the wallet-format dependency required to read historical wallet files — has been deprecated for years and does not build cleanly on modern toolchains without intervention. The recent modernization effort (visible in the repository's commit history at versions 0.10.5 through 0.10.808.999) has focused on:

1. Build stabilization: Deterministic Linux builds on Ubuntu 22 / 24 and Debian, including a documented BDB-4.8 installer that patches the dependency for compatibility with modern GCC's stricter atomic semantics.
2. Windows binary reproducibility: Cross-build via the depends/ tree, with a stabilized qrencode-3.4.3 toolchain integration.
3. Backward compatibility above all: No protocol changes. No fork. The wire format, consensus rules, and on-disk storage formats remain bit-for-bit compatible with every prior Dobbscoin node ever shipped. A 2015-era dobbscoind and a 2026-era dobbscoind see the same chain and validate identically.

The principle is simple: a coin's value is in part a function of how hard it is to break, and the easiest way to break a coin is to "improve" its consensus rules. Dobbscoin's consensus rules will be improved exactly when "Bob" demands it, and not before. He has not yet demanded.

The modernization is purely tooling, packaging, and operational ergonomics — making it easier for new operators to spin up nodes, miners, and wallets without having to chase down arcane build issues. The chain itself remains exactly as eccentric as the day it launched.

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6. Cross-Chain Expansion: The wBOB Bridge

In 2026 Dobbscoin gained an EVM presence via the wBOB bridge — a 1:1 wrapped representation of (BOB) on Gnosis Chain (chainId 100). This is detailed in a separate companion paper (wbob-bridge repo, docs/whitepaper.md); the summary follows.

The bridge consists of:

• A lock-mint path: Users send (BOB) to a watched Dobbscoin address. After 6 confirmations, a 3-of-5 threshold of independent watcher EOAs sign an EIP-712 MintAuthorization, and any party can submit the assembled signatures to mint the equivalent wBOB on Gnosis.
• A burn-release path: Users call requestWithdrawal() on the Gnosis-side BridgeController, which burns their wBOB and emits an event. The bridge backend constructs and broadcasts a Dobbscoin payout transaction to the user-specified (BOB) address. Three Dobbscoin confirmations later, the order is COMPLETED.

The bridge does not alter Dobbscoin's consensus, supply, or wire protocol. It is an external system that observes the canonical chain, locks (BOB) into addresses that no single party can spend alone, and mints a corresponding token on a chain that has actual DeFi rails.

This means (BOB) holders may now:

• Provide liquidity in Gnosis-native DEXes (current liquidity is on Oku, with execution available via CoW Swap at https://swap.cow.fi/#/100/swap/xDAI/wBOB).
• Use (BOB) as collateral in Gnosis-native lending markets (when one emerges that recognizes the asset).
• Participate in xDAI-denominated yield strategies without selling (BOB).

The bridge's existence is a force multiplier on Slack: (BOB) no longer has to leave the SubGenius cosmology to participate in the broader DeFi ecosystem. The Conspiracy's tools, used against the Conspiracy.

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7. Tokenomics, in So Far As We Refuse to Have Any

Dobbscoin's economic model is its perpetual emission curve (see §4) applied to a coin that does not pretend to be money. The chain itself has:

• No development fund
• No consensus-layer treasury
• No quarterly token unlocks
• No "ecosystem grant" stash baked into the protocol
• No buybacks, burns, halvening-bonus tax-loss-harvesting yield-flywheel governance-token meta-narrative welded to consensus

There is one (1) thing: a chain that produces (BOB) at a known, schedule- gated rate, for whichever miners care enough to point hash power at it. That's it. That's the whole monetary policy.

Anyone proposing to "add tokenomics" to Dobbscoin's consensus layer is, by definition, proposing to make Dobbscoin into a different coin. We're not interested. The chain is the chain.

(There is, separately, a community-coordination DAO being chartered on Gnosis Chain — the CoSG-DAO — that holds a community treasury, funds ecosystem work, and is otherwise opinionated about Slack. That DAO sits alongside (BOB), funded by donations and opt-in revenue streams, and never touches the chain's consensus rules or supply schedule. Details in the wBOB Bridge whitepaper, §7.)

"Bob" approves.

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8. Governance, in So Far As We Refuse to Have Any

There is no on-chain governance. There is no signaling, voting, delegation, or gauge-weighting. The chain's parameters are what they are because they were that way at genesis, and any change to them requires the entire network of nodes and miners to agree to run software that implements the change. This is — and we cannot stress this enough — exactly how Bitcoin was supposed to work before governance theater was retrofitted onto the rest of the industry.

If a change is genuinely good, it will be obvious; node operators will upgrade, miners will follow, and the chain will continue. If a change is bad, the network will reject it through inaction, and the chain will also continue. The governance mechanism is "do node operators run the software," and the only legitimate way to lobby for a change is to publish the diff and let people make up their own minds.

We do not anticipate changes.

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9. Roadmap

Roadmaps for SubGenius-aligned projects are inherently suspicious — they imply a level of advance planning incompatible with the spontaneous generation of Slack — but in deference to ecosystem expectations:

• Continuous: Build stability across modern Linux distributions and Windows. Reproducible release artifacts.
• 2026 H2: Widen wBOB bridge audit and redundancy. Onboard independent watcher operators. Verified contracts on Gnosisscan.
• 2026 H2: Submission of (BOB) and wBOB to canonical token registries (Gnosis tokenlists, CoinGecko, CoinMarketCap).
• 2027+: Whatever "Bob" tells us to do. Likely nothing dramatic. The chain is the chain.
• X-Day (continuously deferred to next year, as has been the Church's tradition since 1980): Total Slack. Achievable in principle; unachievable in practice. The ledger continues either way.

We commit to no protocol changes as a feature, not a bug.

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10. Conclusion

Dobbscoin is twelve years of a chain refusing to die quietly. It has no marketing department. It has no influencer endorsements. It has no exchange listings to speak of (and the bridge is, deliberately, an end-run around the need for them). What it has is uptime, an emission schedule that hasn't deviated from spec, a community whose membership test is having a working sense of humor, and a ticker symbol that spells "Bob."

This is sufficient. The Conspiracy will continue to call it a joke. The joke will continue to clear blocks every two minutes.

PRAISE "Bob".

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Appendix A: Network Constants Reference

For implementers building wallets, explorers, miners, and bridge components — these are the load-bearing magic numbers.

Mainnet:
  pchMessageStart = a0 fb 17 83
  P2P port        = 19985
  PUBKEY prefix   = 0x00  ("1" addresses)
  SCRIPT prefix   = 0x05  ("3" addresses)
  SECRET prefix   = 0x80
  xpub version    = 0x0488B21E
  xpriv version   = 0x0488ADE4
  Genesis hash    = (see HASHGENESISBLOCK in src/chainparamsmainnet.h)
  Genesis nTime   = 1389086657
  Genesis nNonce  = 2084524493
  Genesis nBits   = 0x1e0ffff0

Testnet:
  pchMessageStart = fa da 0b bf
  P2P port        = 39985

Regtest:
  pchMessageStart = fa bf b5 da
  P2P port        = 18444 (legacy default)

Appendix B: Build & Operation

The canonical reference implementation is the dobbscoind daemon and dobbscoin-qt graphical wallet, in this repository at git.subgenius.finance/SubGeniusFinance/dobbscoin-source. Build instructions for modern Linux are documented in docs/build-linux.md. Windows reproducible builds use the depends/ cross-compile tree.

Run a node:

./autogen.sh && ./configure && make
src/dobbscoind -daemon
src/dobbscoin-cli getblockchaininfo

Wallet files are encrypted on disk (Berkeley DB 4.8 format, historically) and may be encrypted with a passphrase. Do not lose your passphrase. "Bob" does not retrieve forgotten passphrases.

Appendix C: Resources

Resource	URL
Reference daemon source	https://git.subgenius.finance/SubGeniusFinance/dobbscoin-source
wBOB bridge source	https://git.subgenius.finance/SubGeniusFinance/wbob-bridge
wBOB bridge contracts	https://git.subgenius.finance/SubGeniusFinance/wbob-contracts
wBOB bridge UI	https://bridge.subgenius.finance
Project homepage	https://dobbscoin.info
SubGenius mothership	https://www.subgenius.com

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"Bob" knows what He's doing. The miners just hash the blocks.