I like your idea but it's not cheap.
Cheap is relative.
We sell CABS token at 0.6ETH or between 2-3% of the price of BTC (securitization premium)
If you look at the closest competitor, which is Bitcoin Investment Trust,
https://finance.google.com/finance?q=OTCMKTS%3AGBTC&ei=2HQdWrGrFougswGAqLrwDgIt is traded at 40% premium!!!!!! to the value of BTC
In the last 6 month it traded as high as 100% premium.
So buy-in at 2% effective rate (including all bonus)
You are getting the same thing 20X more cheaply.
More over your upside (if you believe we are able to execute) is 20X
You downside is 1x (in which case we will stop doing securitization)
Expected demand is huge so zero is possible but unlikely!
So I say its pretty cheap!