Coin Weighted Poll

[hanh]

You can do a poll transfer orchard to orchard.

I recommend taking this opportunity to split into smaller notes so that you have flexibility when voting.

[zklim]

How to do that on other wallets such as Zingo and Nighthawks? Just do self transfer on unified account?

[hanh]

You vote with your “Orchard notes.” Orchard notes are the outputs of the transactions. For example, when you send 10 ZEC to someone’s address, they will get one note worth 10 ZEC. Typically, wallets create one output per recipient. An output can be of any amount of ZEC.

These notes are not just for transactions, they are your voting tools. However, unlike payments, there is no ‘return change.’ You cannot vote 8 ZEC if your note is worth 10 ZEC. You can combine notes but not split them. This means, to effectively exercise your voting rights, it’s crucial to plan ahead and create smaller denominations.

If instead of a single 10 ZEC note, you have 5x2 ZEC, then you have the freedom to vote 4 ZEC for one candidate and 6 ZEC for another. This flexibility allows you to adapt your voting strategy as per your preferences.

Nighthawk does not support the Orchard pool. It cannot be used for voting.

Zingo and Zashi do not support multiple recipients in a single transaction; therefore, you must make several.

With Ywallet, you can automatically pre-split using a max note value (2 ZEC in this example) or manually with a multi-pay transaction.

We’ll run a test vote, which will use the same registration period as the real vote. You must have your notes ready since only one snapshot will be taken.

Thanks for participating in the first shielded coin voting! You are making history.

[therise]

I don’t know how to vote and I have all my ZEC on the zashi wallet and some for trade purpose on a exchange

[i2pZ7812HTZV69]

we need official support by all teams @nuttycom @joshs @daira @str4d @hanh @Dodger @conradoplg all team must coordinate and make official announcement or zip for coin voting on orchard it will generate on-chain activity which will help zcash since on-chain transaction is vital for the security of zcash

[jelly5649]

@hanh

To participate,

You must have orchard notes created in the 2-week window that started last week and will end next week.

That’s awesome, thank you for making this happen @hanh .

The way you are approaching this seems great as a starting point. By that I mean that I don’t understand how it works exactly but your description of the method seems promising. My ZEC are still stuck in this ridiculous Ledger situation so I will only be able to play with few tokens at the moment anyway.

Do you believe the snapshot method is the best approach all things considered? One thing we must prevent is for people to double vote. That is I can vote with one address, then move the tokens to another address and vote again. Rince and repeat. Does your method prevent this?

The approach I was starting to think about was like this:
Sign or send as a note something along the line of “I approve ZIPXXX. The hash of the block selected for this vote is YYY.” The vote would start when the block is created and would end before the next block is. It’s more or less a one minute window. It’s short but if we can somehow schedule votes, it would avoid the complex(?) snapshot method. Btw also, we could have the very important delegation feature right in there, one could say “I delegate to XXX. The hash of the block selected for this vote is YYY.”, in which case it would add more tokens to the vote of entity XXX.

Ok, I will play with this Ywallet feature a bit and will most likely come back with questions.

[jelly5649]

@i2pZ7812HTZV69

we need official support by all teams

Probably once we can define a method that works well with @hanh, we can ask for it to be neatly implemented in other wallets. At this point it’s probably best to help @hanh by testing his method thoroughly.

[nuttycom]

Support can be implemented once Coin Voting ZIP by hhanh00 · Pull Request #853 · zcash/zips · GitHub has been completed and accepted by the ZIP Editors. That will likely involve security review as well; I know that ZCG has provided grant funding to Least Authority to perform security audits for projects in the Zcash ecosystem; review of this protocol by them would probably be valuable (once it’s deemed ready for an audit.)

[zerodartz]

i think snapshot means from that point until a next point the notes will be made ready for voting.

and after that period you can only vote with these notes that were made in that period so its not possible to vote with same notes multiple times.

[conradoplg]

@nuttycom

Support can be implemented once Coin Voting ZIP by hhanh00 · Pull Request #853 · zcash/zips · GitHub has been completed and accepted by the ZIP Editors. That will likely involve security review as well

Can this be done by the July 15th deadline, though?

[nuttycom]

This doesn’t require consensus changes, so it’s not relevant to the timing of NU6.

[conradoplg]

I have the impression that most of the current interest in coin-weighted polling is to use it to help decide what is going to happen with the dev fund, which needs to happen by July 15th.

[hanh]

Notes that were created in the registration period and unspent at its end can be used. In other words at the end, we take a “snapshot”. You cannot double vote because everything that happens after the snapshot is simply ignored.

You can spend your coins after the snapshot height and still vote.

A video of the process:

Coin Voting with Wallet

[ambimorph]

Are there any other consequences to splitting notes we should be aware of?

[hanh]

Zip-317 scales the fee by note, but at the current ZEC price, spending just costs 0.001 $ per note (voting has no fee). Also, some wallets are not very good at handling a large number of notes, therefore you could consider splitting in ~5 notes.

[jelly5649]

@conradoplg

I have the impression that most of the current interest in coin-weighted polling is to use it to help decide what is going to happen with the dev fund

This cannot be rushed. Right now I only see @hanh working on this. I don’t think we need to pressure him unnecessarily and/or unfairly. If ZF or ECC wants things to happen sooner maybe they should get involved into decent voting methods last year(s). Yes, we should already have the governance tools to vote on the dev fund, how else did you think it would work out long term?? It was real fun to see Duchovny in a Zcash ad, but it’s not helping us now is it.

[hanh]

I uploaded a new version with coin voting capabilities to the Android and iOS store in the beta section.

1.6.1+538

The url for this vote is https://vote.zcash-infra.com/devfund

[conradoplg]

@jelly5649

This cannot be rushed. Right now I only see @hanh working on this. I don’t think we need to pressure him unnecessarily and/or unfairly.

I don’t want to rush things, but it’s a simple reality that if the community wants a dev fund decision to be activated by the next halvening in November, then it needs to be decided by July 15th. And if people want a coin-weighted poll to be considered in that decision, it also needs to happen before then.

[jelly5649]

@conradoplg

it’s a simple reality

Another simple reality is that my ZEC tokens have been stuck on the Ledger for more than one year, maybe two or three I’ve lost count. I wouldn’t be able to vote with my stake even if wanted to.

[conradoplg]

@jelly5649

Another simple reality is that my ZEC tokens have been stuck on the Ledger for more than one year, maybe two or three I’ve lost count. I wouldn’t be able to vote with my stake even if wanted to.

You can always restore from seed. You would need to move them out of Ledger anyway.