Coinholder Poll - NSM

[aquietinvestor]

As I previously mentioned, I’m working with Hanh to organize a coinholder poll to gauge sentiment on the Network Sustainability Mechanism (NSM). Similar to previous polls, coinholders will need to move their ZEC into the Orchard pool during a designated registration window. **For this poll, the registration window runs from Block 2,700,000, which occurred on October 31, 2024, to Block 2,731,300, which will occur around 17:00 UTC on Wednesday, November 27, 2024 to Block 2,734,280, which will occur around 08:00 UTC on Saturday, November 30.

Please note: YWallet is currently the only wallet that supports coinholder voting.

Once you’ve registered your coins and the registration deadline has passed, you’ll be able to proceed to the next step and cast your petition. I’ll share instructions for that early next week, along with the specific question that will be asked.

Below are step-by-step instructions that Zooko provided in July for how to register your coins.

Update from Nov 30: The coinholder poll is open. Coinholders can voice their support or opposition to including the NSM in NU7. This poll will be open until block 2,743,918 which will occur around 17:00 UTC on December 8. The results will be released after the poll closes.

The URL for the vote is: https://vote.zcash-infra.com/nsm-nu7

The question got cut off in the app, but should read, “Do you support including the Network Sustainability Mechanism (NSM) in Network Upgrade 7 (NU7)?”

@zooko

Step 1: Install Ywallet. Go to your friendly neighborhood App Store, and search for Ywallet!

Step 2: Launch it and deal with backing up the seed words and then you should see something like this:

See that QR code and that little “copy me” button that I circled in red? Those are how you access your Zcash address (the one shown here is a Unified Address). Send some ZEC to that address from another wallet, or an exchange or whatever.

Side Quest: what If, when you give that address to the wallet or exchange or whatever, you get some kind of error message like “Error: invalid – that is not a valid Zcash address”? Well, that means that the wallet or exchange that you’re using hasn’t upgraded to parse the current standard – Unified Addresses – in order to make things simpler and easier for their users. Open your TODO list and add a note for after the Shielded Petition to politely request that they add Unified Address support:

Then go back to your Ywallet, and swipe right on the address a few times until you see this:

That’s your transparent address. Go ahead and send ZEC to that.

Step 3: See how much ZEC you have in each of the three pools.

Ywallet has a user interface to see which pools your ZEC is in. Touch the “three dots/More” in the lower right-hand corner:

Then choose “Pools”:

You should see something like this:

First, just look at the buttons named “Transparent”, “Sapling”, and “Orchard” under the label “From Pool”. When you touch each of those buttons, it shows how much ZEC you have in that pool. I currently have 0.361 ZEC in Transparent:

0.000 ZEC in Sapling:

And 100.000 ZEC in Orchard:

Step 4: Move all your ZEC to the Orchard pool.

Only ZEC which is in the Orchard pool at the moment of the registration cutoff is eligible to cast your petition with.

I have 0.361 ZEC in the Transparent pool. The way to move it is to touch the Transparent Pool in the “From Pool” bar and touch the Orchard pool in the “To Pool” bar, like this:

Now I want to fill in the amount of ZEC to move and click the check-mark in the upper-right-hand corner, like this:

And then it will show this “Transaction Plan” and you click the arrow in the upper-right-hand corner:

(By the way, don’t worry about that big orange “PRIVACY: LOW” warning. That probably doesn’t apply to you here.)

Okay, once you’ve done that then you need to give it a minute or three for the transaction to wend its way through the aether, and then eventually when you view the pools it will look like this:

That’s it! You’ve successfully moved your ZEC into the Orchard shielded pool in Ywallet! Now leave it there until the registration deadline passes (which was 17 hours from when I started writing this tutorial, but this took an hour so it is 16 hours from now).

[dismad]

ZecHub

[aquietinvestor]

Reminder: To participate in the coinholder poll about the NSM, please ensure your coins are in the Orchard pool by the registration deadline, Block 2,731,300, which is expected around 17:00 UTC on Wednesday, November 27. Currently, YWallet is the only wallet that supports coinholder voting.

@dismad’s post above demonstrates how to perform a pool transfer. If your coins were in the Orchard pool before the registration period started (i.e. prior to Block 2,700,000 on Oct 31), you still need to perform an Orchard-to-Orchard pool transfer to refresh your notes.

If you have any questions or encounter any issues, feel free to reply to this thread or send me a DM.

[Reformed_Zcash]

@aquietinvestor

To participate in the coinholder poll about the NSM, please ensure your coins are in the Orchard pool by the registration deadline, Block 2,731,300

is it serious this time? or if somebodies friend with 300k coins accidentally forgets… will a prominent zcasher be able to unilaterally force a repoll?

[aquietinvestor]

I don’t see any reason why we’d have to re-poll. It should be one and done unless a different question needs to be assessed.

[aquietinvestor]

Update: Over the past few days, several Ledger users have informed me that they want to participate in the coinholder vote, but are unable to transfer their ZEC to YWallet. This issue stems from Ledger not updating the consensus branch ID following the activation of NU6, as documented in this thread.

Given these circumstances, I have decided to extend the eligibility window from Block 2,731,300 to Block 2,734,280, which will occur around 08:00 UTC on Saturday, November 30, to provide Ledger more time to resolve this issue so more users can participate. I have also reached out to Charles Guillemet, the CTO of Ledger, and asked him to urgently address this issue. I will provide updates once I have more clarity on the situation.

[aquietinvestor]

@aquietinvestor

Block 2,731,300 to Block 2,734,280, which will occur around 08:00 UTC on Saturday, November 30, to provide Ledger more time to resolve this issue so more users can participate.

Over the past three days, @daira, @nuttycom, and @pacu have been working with Ledger and Zondax to address the transfer issue affecting Ledger users. Despite Ledger updating the consensus branch ID for NU6, a problem persists in how TXIDs are computed.

Unfortunately, a fix is not expected until sometime next week at the earliest. As previously announced, the eligibility window for the NSM coinholder vote will close at Block 2,734,280, which should occur around 08:00am UTC tomorrow, Saturday, November 30.

I will provide an update this weekend with details on the next steps. Sorry for the inconvenience to Ledger users.

[tokidoki]

Zcash block 2734280 — 3xpl has just been mined. Cheers!

[hanh]

The Vote URL is https://vote.zcash-infra.com/nsm-nu7

[gigantes]

On this topic it says that registration started on Block 2700000 but on Ywallet it indicates Registration Height as block 2731300. What is the difference?

[aquietinvestor]

You’re talking about this, right?

We’ll have to ask @hanh about that. The original registration window was Block 2,700,000 to Block 2,731,300, but we extended it to 2,734,280.

[gigantes]

Yes. And I don’t seem to have any voting notes for funds in Orchard before block 2731300 which was around November 27th, not sure if I did something wrong during the process.

[hanh]

Sorry, I misread the range. It’s updated to start at 2,700,000. You will need to click on the X to leave the previous (incorrect) vote.

[dismad]

[aquietinvestor]

The coinholder poll is open. Coinholders can voice their support or opposition to including the NSM in NU7. This poll will be open until block 2,743,918 which will occur around 17:00 UTC on December 8. The results will be released after the poll closes.

The URL for the vote is: https://vote.zcash-infra.com/nsm-nu7

The question got cut off in the app, but should read, “Do you support including the Network Sustainability Mechanism (NSM) in Network Upgrade 7 (NU7)?”

Some participants have reported issues where their vote failed to submit. If this happens, click the “X” (shown in the screenshot below) and re-enter the URL. If the issue persists and you’re still unable to vote, please reply to this thread, and we’ll assist you further.

To read more about the NSM and why we think it’s important, see: NSM - Shielded Labs

[noamchom]

Is this vote supported anywhere but within YWallet?

[zerodartz]

no, nobody has built voting support yet. its still quite experimental you could say.

[Lowo88]

My vote went smooth.

[noamchom]

I won’t be able to vote because of the technical hurdles to qualify my ZEC, however I will make a comment here in support of putting the NSM into NU7.

It strikes me that the NSM is a critical piece of making Zcash security economics sustainable perpetually (while also improving the ZEC market tokenomics immediately), and I’m of the opinion that its design is very diligent, rational, complete, and ultimately should result in a foolproof implementation.

I also think that the lockbox disbursement mechanism is an ideal candidate for NU8, because it is largely not designed yet, and its final form will require months (if not a full year) of community debate/ refinement/ et al. It seems unreasonable to try and get the lockbox disbursement project designed and implemented into NU7, frankly speaking it seems like an impossible target on such a short timeline.

With this crypto industry bull market well underway now, Zcash will be best served by this community if we’re able to reach consensus on what’s next, vs. what sits far ahead on the roadmpap. Less confusion yields more conviction!

[pacu]

I’m being unable to vote.

It’s getting stuck on the activity indicator, other times the application crashes. I just got “database locked”. Shall I rescan?