Community Polling on Funding Model ZIPs

That’s what I plan on using. Zingo is focusing on communication. Why re-implement voting if YWallet already has it?

The Middle Path, 100% For Less Than 100% (and more than 0%)

I have been thinking that there are two reasons to prefer a period where there’s both coin-weighted voting, and community polling, a Hybrid option:

(1) the case for an abrupt transition from one to the other hasn’t been made:

* we should move carefully, and with maximal optionality

(2) having both options in place gives us a framework for comparison

* what is working producing more value?  Coin-WVoted initiatives, or community sentiment?

I am very excited to have a significant CoinWeighted Vote controlled funding option!

It will dramatically increase the utility of ZEC.

This summarizes my position:

Coin weighted voting? YES!!! It will stimulate great things!

100% Coin weighted? NO! We should diversify governance, and learn from observation! Coin Weighted Voting is an innovation, and should be treated as such.

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Multiple implementations of a protocol is a basic aspect of resilience.

There’s an opportunity cost, and we are at the forefront of a vast space of possibilities.

Better to diversify efforts to offer folks new utilities.

Why do you think Ethereum has multiple clients? They could be doing many things instead and “offer folks new utilities”. What do you think they are seeing that you’re not seeing?

What is the utility of sending coins privately?

Worth giving it anothe read before you vote.

Lies and centralization. It’s what this article mentions anyways. Fundamentally, nothing has changed. And nobody has been able to counter my points that the dev fund continuation of the founders rewards has been legitimate. That’s rather alarming.

Looking forward to another article talking about the current sham vote.

Hey!

This makes Zingo Labs look pretty good! Of course, we forked ZecWallet.. but we’ve also built Zaino.. soo… geeez.. pretty good ROI I think!

It’d be great to add the ZF and ECC budgets to this chart to get a more complete picture!

Of course, e.g. the ECC gives transparency reports, but it’d be cool to see the amount paid out to ECC and ZF over the same period of time covered by this ZCG spreadsheet!

This was possible since Sapling. We can’t keep justifying the recent spending based on an achievement made years ago.

Oh wow, I had not realized! I mistakenly though Zingo was funded outside of the dev fund!

Alright, so basically, everybody that has fought against control of the dev fund by ZEC holders are… people that have benefited from the dev fund. No exception. Amazing.

Question! Are people receiving money from the dev fund, pledging not to vote with those funds? ECC? ZF? I suppose that’s a pretty intense conflict of interest?

I understand that it’s possible to send coins privately with Zcash.

I am noticing that when you explain this to people, they say “and?”, and I am curious to learn what is the underlying value that you think should motivate them to be more interested? If any?

Like.. assume that I am one of the people that said “and?”, what would you tell me?

Thanks for this mental model. It was worth my time to re-read.

Thanks for taking time to write this post.

Both the post, and the work it describes feel to me like the thoughtful and time-consuming work that has made Zcash the amazing humane technology that it is.

In Mexico there’s a phrase:

Con agradecimiento.

I agree. It’s unfortunate that post was attempting to answer mine but ended up not doing that in any way though.

Either way, it’s Muy agradecido, there’s no “Con”.

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Unfortunately most don’t really grasp what’s going on.
If history is any indication, what inoxerably follows tariffs / trade wars are capital controls.
When they start popping up in countries around the world and at the same time they each start to hyperinflate their fiat currencies once more to try to escape the deflationnary blackhole , do you really think they will let you access your favorite CEX to escape the fiat nightmare with cryptos? And even if they do they would ask for total traceability (travel rule, DAC8 regulations in EU and more to come) and punish you with unrealized capital gains taxation or some others creative things.
That’s probably around that time that people will finally understand that using coins privately is not a luxury but a basic necessity

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Sounds right to me. I feel like Zcash is about to “come into it’s own”…

Removed the Defer Lockbox Distribution and Extend the Current Dev Fund ZIP proposal from those under consideration as the ZIP editors declined to merge it. Their rationale is documented here.

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Interesting development. As much as I condemn the attitude of ZF (and ECC) towards ZEC holders for all those years, I am very curious to see how @Dodger defends his ZIP.

I knew this was going to get interesting. :popcorn:

I am firmly behind the view of @zooko on this one. I was going to quote parts of it but the whole thing is great, so read it:

Like Zooko, I support the right of @Dodger to submit his ZIP, as bad as it would be for the project, and will obviously vote against it myself.

Now,

Yep. That’s right. There’s definitely shameful stuff going on and I’m glad we’re not afraid to use the strong words that are necessary.

Also,

(Meta-note: the ZIP Editors spent 2.5 hours discussing this ZIP draft.)

Who took part in that discussion?

I too, want to know.


Time to hit the reset button and let stakeholders do their one job.

flamethrower emoji

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I don’t think ZIP editors should review governance ZIPs. This was raised in the meeting but there wasn’t much consensus on it.

Being a ZIP editor has been a big time commitment with very small returns and I don’t want to be involved in this drama, and I want to actually get things done. Therefore I’m resigning as a ZIP editor. (I wouldn’t survive another 3 hour meeting)

Good luck!

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