Hm i have been working on a similar security. How is the overall performance? Is market efficiency high enough to secure a reasonable tracking of BTC's difficulty?
Interesting stuff, and good work on your part, OP!
Thanks
I'd say that the market's been keeping track pretty well - the great thing about this model is that, if the market gets too out-of-whack, the arbitrage opportunities give a good financial incentive to rebalance it.
To give credit where credit is due, the model is based on Deprived' DMS asset (though I believe that I've made some improvements, not least that I haven't disappeared

)