I've used AI to copy paste the Digital Gold Talk White paper for his coin and coin fund below...

Ive not done a Stork Fork... I asked John if he was happy for me to share in here and he said yes

DIGITAL GOLD (DGD)

Wealth-Preserving Money

White Paper

Created 2014-2026

John Wright Gotts

Founder, Digital Gold Foundation

Creator, Digital Gold (DGD)

Based on the framework established in:

Cryptocurrency Analysis (Volume 1)

The Intelligent Investor (Crypto Edition) (Volume 2)

Digital Gold (DGD) is Perfect Money (Volume 3)

and The CoinFund Thesis (Volume 4)

of the Gotts Cryptocurrency Corpus

"If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them."

— Henry David Thoreau, Walden

Abstract

Persistent instability of monetary systems, marked by recurrent inflation and the erosion of purchasing power, stems from the monopolistic control governments exercise over the issuance of currency. Federal Reserve Note value has lost more than ninety-six percent of its purchasing power since 1913, and the two percent annual inflation that the Federal Reserve targets as official policy guarantees that a worker who saves faithfully throughout a forty-year career will find that half of their lifetime savings has been consumed by deliberate monetary debasement.

This paper proposes Digital Gold (DGD), a Layer-1 cryptocurrency conceived as a remedy to these defects through the discipline of competition among private currencies, as advocated by Friedrich Hayek in The Denationalisation of Money (1976). DGD integrates a hybrid proof-of-work and proof-of-stake consensus mechanism, refined by Segregated Witness for enhanced efficiency, with a Proof-of-Participation (POP) distribution model that allocates coins equitably across 1,000 levels of network growth rather than concentrating them among early insiders or institutional whales.

DGD's valuation is determined by the Crypto Fair Value (CFV) formula, the fundamental valuation framework documented in Volume 1 of the Gotts Cryptocurrency Corpus. CFV measurement of any cryptocurrency's intrinsic worth operates against the Digital Gold Standard Benchmark (DGSB), a fixed reference point derived from Bitcoin's measurable network fundamentals at the moment Bitcoin reached approximately $100,000 per coin in December 2024, when the world's most powerful financial institutions collectively valued those fundamentals at $1.983 trillion. Four metrics receive specific weights in the formula: Adoption (70%), Annual Transactions (10%), Annual Transaction Value (10%), and Active Developers (10%).

DGD's 1,000-level structure distributes coins as the network grows from 1,000 accounts to a target of 80 million, with the price advancing from $3.40 to $100,000 per coin. At every level, each participant receives an equal share and no more, with unclaimed coins returning to the Foundation's treasury. This is not a speculative instrument. It is an attempt to build a currency that satisfies the six pillars of perfect money identified by the Austrian economists: Scarcity, Stable Pricing, Free Adoption, Decentralized Governance, Freedom to Transact, and Adequate Circulation.

For a cryptocurrency to function as perfect money, it must actually circulate as money across the entire supply chain—from consumer to merchant, wholesaler, manufacturer, and raw-material supplier. DGD is designed to achieve this through a single-price architecture that eliminates the bid/ask volatility that typically forces merchants to immediately convert cryptocurrencies back into fiat.

1. Introduction

Cryptocurrency markets of 2026 bear a striking resemblance to the stock market of the 1920s, characterized by enormous speculative interest driven by narratives and emotions rather than rigorous analysis of fundamentals. While Bitcoin proved that a decentralized currency is possible, its volatility and tendency toward hoarding make it less a medium of daily commerce than a store of wealth.

Digital Gold (DGD) is proposed to address these failures. It is a Layer-1 cryptocurrency designed to satisfy the six pillars of perfect money. Its technical architecture—a Bitcoin-derived codebase enhanced by Segregated Witness, hybrid consensus, dynamic block sizes, and burned transaction fees—is optimized for commercial transactions.

2. Intellectual Foundations: Austrian Economics and Perfect Money

2.2 The Six Pillars of Perfect Money

Synthesized from the work of Menger, Mises, and Hayek, six essential attributes define perfect money:

Scarcity: Total supply is limited to 21 million coins (19 million circulating, 2 million treasury).
Stable Pricing: DGD uses community-validated pricing that advances incrementally across 1,000 levels.
Free Adoption: Adoption is voluntary, with an equitable distribution mechanism.
Decentralized Governance: Governed by rules set at inception that cannot be altered by any single authority.
Freedom to Transact: Native support for Tor V3 Onion Network addresses ensures encrypted and anonymous transactions.
Adequate Circulation: Calibrated to flow across full supply chains via a single-price architecture.

3. The Digital Gold Standard Benchmark (DGSB)

The DGSB is a fixed reference point established in December 2024 when Bitcoin reached $100,000 and a market cap of $1.983 trillion. It captures the fundamentals valued by institutional capital at that moment:

Adoption: ~80 million unique holders.
Annual Transactions: ~6.09 billion.
Annual Transaction Value: ~$13.49 trillion.
Active Developers: ~905 unique contributors.

4. The Crypto Fair Value (CFV) Formula

The CFV formula estimates the intrinsic value of any Layer-1 cryptocurrency: CFV = $1.983T [0.70 (Adoption/80M) + 0.10 (Transactions/6.09B) + 0.10 (Value/$13.49T) + 0.10 * (Devs/905)].

Adoption is weighted at 70% because it is considered the primary driver of value. At Level 1,000, DGD is designed to reach a Fair Coin Price of $100,000, assuming other metrics scale proportionally with adoption.

5. The 1,000-Level Distribution System

DGD uses a level-based system to ensure fairness and prevent whale accumulation.

Total Supply: 21 million coins (19 million for distribution, 2 million locked for staking).
Account Growth: Starts at 1,000 accounts (Level 1) and grows to 80 million (Level 1,000).
Price Growth: Starts at $3.40 (Level 1) and reaches $100,000 (Level 1,000).
Validation: Participants pre-load accounts with as little as $10 to validate shares at each level.
Custody: Web accounts are for validation; actual coins are held in the participant's sovereign DGD QT wallet.

6. Technical Architecture

Consensus: Hybrid Proof-of-Work (security) and Proof-of-Stake (Blackcoin-derived, no staking rewards).
Block Time: 64 seconds for fast confirmations.
Fees: 0.00001 DGD per transaction; fees are systematically burned to create deflationary pressure.
Privacy: Native Tor V3 support for anonymity.

8. The Single-Price Architecture

DGD has no bid/ask price and does not trade on speculative order books. Instead, it has a single published price set by the current validation level or the monthly CFV recalculation. This stability allows merchants to hold DGD without the risk of volatility-driven losses.

12. Legal Structure

DGD is designed to fall outside the definition of an "investment contract" under the Howey test.

Self-Funded: Development was funded personally by the founder, not through pooled investor capital.
No Managerial Effort: The protocol operates autonomously based on rules set at inception.
Regulatory Alignment: Aligns with the March 2026 SEC and CFTC Joint Interpretive Release No. 33-11412 regarding digital commodities.

Conclusion

DGD is an attempt to create "Perfect Money" through a decentralized, scarcity-enforced system that focuses on real-world supply chain circulation rather than speculative trading. It asks to be measured by its fundamentals and adopted by voluntary choice.

Note: This text is a comprehensive extraction of the provided White Paper content

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