Coinholder voting is currently not production ready and a whale oligarchy

Futarchy is no where near viable

I do love the idea of Futarchy, and among the potential use cases for it, I do think that Zcash devbox proposals are a good fit for that tool.

However there are several problems that make it none viable as a near-mid term solution.

  • MetaDAO is currently the premier Futarchy experiment for organizational decision making, however MetaDAO itself has serious mechanics problems that is currently duct taping over in their MVP.

  • The Futarchy markets require subsidy to function and there is not always a clean way to receive that subsidy. It is unclear that the economics are sustainable.

  • Futarchy markets require liquid betting order books and an oracle price. Zcash is not suitable to provide these functions any time soon, if at all.

  • To implement most versions of Futarchy would require doing it on another chain, which I think may not be appropriate for devbox funds.

  • Doing anything in with Futarchy requires a substantial lift requiring research, modeling, building tech and user interfaces. Some of these are not solved problems that can simply be copied by the Zcash ecosystem

I think it’s a useful thing to discuss and ideate on, and perhaps is worthy of a research grant. However it is not a viable solution to immediate governance proposals and is not well developed enough to make it a part of a roadmap.

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