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Sovryn was born during the Covid crisis of 2020, which suddenly revealed how dangerously corrupt and inadequate our centralized institutions had become. Around the world, hospitals lacked even medical masks. In response, governments spread misinformation that masks were useless for individuals while resorting to draconian “lockdowns”, effectively placing entire populations under house arrest indefinitely.
A group of individuals—a “distributed collective” took action—constructing a decentralized supply chain of mask producers, and allowing anyone, anywhere, to help fund the effort with bitcoin. The lesson we learned was bigger than Covid:
“With failing centralized institutions, individuals need to build decentralized alternatives”.
Work began on building the tools for a decentralized economy (DeFi) and new institutions (DAOs) built on the world’s most decentralized system, Bitcoin.
On August 29th 2020, Ororo Munroe, a Sovryn developer, published “A Sovereign Bitcoiner’s Manifesto” on the BitcoinTalk message board, announcing Sovryn.
“We must come together to deploy decentralized systems that maintain Bitcoin's promise of sovereignty.”
On January 20th 2021, the Sovryn DAO was created. It voted to institute a new form of decentralized governance, focused on the long-term, incentivized alignment of a decentralized collective that is secured by Bitcoin Proof of Work.
On February 12th 2021, this new DAO, the Bitocracy, came into being.
Sovryn remains united by a shared belief in the sovereignty of the individual and the power of technology to build social tools for a free and prosperous society. As a group of developers, advocates, educators, and users, we build and use the decentralized institutions of tomorrow, making them available today.
Sovryn is building the foundation to form the first digital, borderless nation based on both the principles and technology of Bitcoin—starting with decentralized finance and financial primitives.
We need a new conception of community and nationhood, fit for the age of sovereign individuals. Without a community and shared goals, individualism leaves us isolated and weak. Sovryn as a decentralized community, is building a new conception of nationhood. One based not on accidents of birth or geography but based on the intentional unity of sovryn individuals.
As we grow, our ambitions are growing as well. The future of Sovryn will be decided by the efforts and decisions of our members. We will continue to build a globally inclusive sound, financial jurisdiction. We will continue to develop technologies to align incentives and coordinate decision-making and collective action. We will continue to build tools for freedom and help educate individuals to use them to increase their personal sovereignty. We will build a set of shared principles and create spaces in both the metaverse and the physical universe that are governed by the rules we create for ourselves.
We are a diverse group of smart, ambitious people who want to create an open, fair, and transparent financial system for the world.
Share your opinion on the forum, speak live with Sovryn’s on Discord, and follow us on socials.