BRM-loading · layering pigment…
BRM-loading · layering pigment…
Valuator · methodology · the formula published verbatim
Every input is a chain-witnessed primitive or a published substrate constant. The formula has zero subjective discretion. Any third party walks the chain in five minutes to verify.
v1.2026.05.16 · binding-by-publication · block 946,772
The formula · binding by publication
V(t) = [
Σ_AS_α(t) · sats_to_GBP_FX(t) // real Bitcoin holdings × spot FX
+ Σ_AS_β(t) · ordinal_floor_GBP(t) // ordinal-NFT count × conservative floor
+ Σ_AS_γ(t) · vault_artefact_index(t) // vault artefacts × per-class index
+ PATENT_ESTATE_VALUE_GBP(t) // 84-codename estate × jurisdictional reach
+ CARBON_ESTATE_GBP(t) // cumulative g-CO2e prevented × Verra VCS × 0.7695
]
× SUBSTRATE_MULTIPLIER(t) // measurable per-call delta · floor only
− LIABILITIES_GBP(t) // structural zero · explicit-zero rows
where:
SUBSTRATE_MULTIPLIER(t) =
( cost_ratio_floor ) // benchmarked at 20.7× vs long-context baseline
× ( energy_ratio_floor ) // benchmarked at 29.2× less energy per query
× ( reasoning_gain_floor ) // benchmarked at 31.9% average gain · 80% peak
× ( reliability_factor ) // benchmarked at 100% over 1,002-call metaloop
× ( cross_silicon_parity ) // proven byte-identical across 3 silicon architectures
LIABILITIES_GBP(t) =
employees = 0 // founder-only · operator-reviewed admission posture
+ external_capital = 0 // zero VC dilution · zero outside investment
+ debt = 0 // sovereign mint settles in sats
+ operating_lease = 0 // founder-owned silicon · pre-Gherkin
+ vendor_lock_in = 0 // cross-silicon parity is the architectural defence
+ future_R_and_D = 0 // self-funded by operator · per-commit patent-anchor
No DCF. No growth-rate assumption. No terminal value.
No partner-discretion markdown. No goodwill premium. Conservative-floor only.Every term is sourced. Every multiplier is benchmarked. The formula is mechanical · not discretionary. The substrate publishes the lower bound of what the chain can prove; the operator’s commercial-negotiation premium stays sealed in the bilateral envelope, not the public surface.
Term-by-term · every input cited to its on-chain primitive
Σ_AS_α(t) · Bitcoin holdings
Lightning channel state SHA-256 captured per epoch + Trezor Taproot Merkle commitment + Ledger Stax cold-storage proof-of-balance. Sealed at BRMaccounting/09-balance-sheet/proof-of-balance-receipts/; public summary aggregated to /register/asset-classes (Wave AS-1 · 2026-08-15).
sats_to_GBP_FX(t)
Multi-source FX cross-reconciliation within ±1% across at least three independent sources (mempool.space · CoinGecko · CoinMarketCap · Lightning Network spot). Per-epoch capture in BRMaccounting/03-settlement-audit/fx-epochs.csv (Wave AC-3 · 2026-07-15).
Σ_AS_β(t) · ordinal NFT count
Index walk of operator-controlled ordinal inscriptions on Bitcoin mainnet. Three inscribed at launch; backfill schedule covers every patent continuation, every BRM-Museum piece, every main-branch release commit (Wave AS-4 + AS-5 cadence). Public summary at /register/vault-backing (Wave AS-1).
ordinal_floor_GBP(t)
Conservative floor: zero-bid baseline = zero; market-bid floor where bids exist on public ordinal indexers. The substrate reports the floor; the operator’s bilateral commercial premium stays sealed.
Σ_AS_γ(t) · vault artefact count
Vault inventory at BRMaccounting/08-vault/physical-artefact-inventory.csv + ordinal-inventory.csv cross-reference. Quarterly drift audit at /register/vault-attestations (Wave AS-2 first audit 2026-10-31).
PATENT_ESTATE_VALUE_GBP(t)
Eighty-four-codename patent estate × per-continuation floor × jurisdictional-reach multiplier. Continuation count and status sourced one-to-one from MASTER-INDEX. Granted application + UK trademark + PCT-filed application + drafted-skeleton tiers each carry a published floor; zero subjective goodwill premium.
CARBON_ESTATE_GBP(t)
Cumulative grams-CO₂e prevented (per-call carbon_saved_g field aggregated across runtime_audit_chain.jsonl) × Verra VCS v4.6 spot mid × 0.7695 conservativeness multiplier. Re-Tyre subsidiary consolidated. Live counter at /register/carbon-estate.
SUBSTRATE_MULTIPLIER(t)
Floor multiplier across five measurable axes, each benchmarked at /benchmarks. Floor formula is mechanical; zero upward subjective inflation. Operator’s bilateral commercial-premium multipliers stay sealed.
Four-step independent verification · any third party · five minutes
Obtain the BRMSTE LTD public website source tree at the version commit declared on this page. The valuator's input registers live at: src/lib/anchor.ts (the substrate's 18 launch-window events) · src/lib/hash-allowlist.ts (every registered SHA-256 including the legal-doctrine + pow_artefact classes) · src/lib/numbers-register.ts (every published substrate constant including the 20.7× cost ratio, 29.2× energy ratio, 96.6% CO2 reduction, 31.9% reasoning gain).
Run sha256sum on every legal-doctrine page source file (15 entries · class=legal_doctrine in the hash-allowlist) plus every pow_artefact (Wave AS-0a codebase-as-PoW + Wave LAW + Wave VAL sealed doctrines). The computed values must equal the registered SHA-256s. Any divergence is a tamper detected by the substrate's check-hashes CI gate before it reaches the public surface.
Walk the public attestation register at /register/anchors. Eighteen launch-window events anchor the substrate to Bitcoin mainnet. Cross-reference each event's txid against mempool.space for independent confirmation. The seven Block-B-extended sealed doctrines anchor pre-launch in one Bitcoin epoch.
Take the asset-class totals from /register/asset-classes (Wave AS-1 from 2026-08-15) + the carbon-estate total from /register/carbon-estate + the patent-estate count from MASTER-INDEX. Apply the formula above on your own machine, using the published Verra VCS price, multi-source FX, and the published substrate-multiplier floor formula. Your computed valuation must match the published valuation within reconciliation tolerance (cross-source FX ±1% · Verra VCS spot ±5%). Any divergence is a public-blockchain-anchored discrepancy that BRMSTE LTD is obligated to publicly resolve under the substrate's own honest-AI principle 10 (SAMARPAN · retract when operator-verified counter exceeds prior answer).
“The formula is published verbatim. The inputs are on the public Bitcoin blockchain. The output is mechanical. Any third party walks the chain in five minutes and recomputes the valuation on their own machine. This is not opinion. This is proof. The substrate is its own auditor; the Bitcoin block is the audit cadence; the chain is the witness.”
BRMSTE Live-Time Valuator methodology · v1.2026.05.16 · binding by publication · sealed at pre-launch Block B.g OTS-anchoring
Cross-references