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I'm working on the concept of a "Sovereignty Multiple"

Had the idea last year (poll below) and took a quick pass at the definition. Going to try refining it now.

One way to go would be to talk about a Sovereignty Index instead, with 100 being Bitcoin in self-custody. That way everything else is rated lower, and can be compared.

I think this could be really helpful when comparing various flavors of Bitcoin price exposure.

Eg Bitcoin held in full third-party custody might rate 90/100. You can withdraw it, but you have to trust someone to let you.

Bitcoin in an ETF might be a 70, since you can't withdraw it, but at least it tracks the price, and there's a chance of in-kind withdrawals in the future.

BTC Stocks might be a 50, since you have some price exposure to Bitcoin, but no way to access the underlying BTC.

What would you rate Real Estate and Gold, and why?

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Discussion

Glenda Ferry 7mo ago

you way can't custody might helpful have instead, idea least price being withdraw this some trust talk why?

have be a a underlying it, of you about and Multiple"

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One and could working You way at Index BTC.

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Comte de Sats Germain 7mo ago

Price exposure is not self sovereignty, so it's a zero.

Its zero or one. In between = ngmi

Comte de Sats Germain 7mo ago

Also this npub is way too new for me to believe is the real Cory Klippsten. Shoe on head please.