Decentralized Participatory Voting through VESTING

  1. How is the vesting duration calculated and verified?

    In particular, how does this work for shielded funds (held in z-addresses), which we hope will become the most common way to hold ZEC?

    Also, what happens to users who move their funds internally, e.g., to/from a hardware wallet, or paying part of a utxo/note and sending the change back to themselves? Do their lose the voting weight of the utxos/notes that were used up? Or do they somehow still get credit for the old holding period? This is crucial.

  2. If you hold ZEC, in principle you can lend it and gain interest income. But it sounds like this would nullify your voting rights. Conversely, if you want voting weight, you can borrow ZEC (and presumably pay interest on it). So effectively, this becomes “pay to vote”.

  3. Please do explain the meritocracy part.

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