From the start of the lockbox idea some months ago we knew: the lockbox is easy to start and implement but it will be challenging to implement the disbursement mechanism(s). Now, we are all set for the November halving: 8% to ZCG and 12% to the lockbox. We have known that the design of the disbursement mechanism will be time-consuming and at times contentious and maybe even emotional. So, here we are having a discussion about different tradeoffs as planned. We have all the time in the world to implement the disbursement mechanism. We must argue about it. We can implement pilots to test different theories. This was always part of the plan.
I think this crazy lockbox idea brings a lot of interest to Zcash, adds fun and excitement to the space. I daresay that people are stoked about the move into the decentralized unknown and that the market loves it.
Lulz, well, realistically I think a good target for putting something into practice will be November 2025 and we should probably argue and hypothesize constantly between now and about March 2025. I really doubt anyone led you to believe that things were going to be concrete by now. No one ever believed that. We are at the stage of “everyone give it some thought and maybe read the Onchain Capital Allocation Handbook and come up with some designs.” Furthermore, if anything gets to mainnet by EoY it would be surprising. But, if something does land by EoY, it will likely just be a first iteration or even a small pilot. I think the “final form” (I don’t think it will ever be fully final as there is always something to learn and change) may incorporate governance tokens and badges on ZSAs which won’t be on main for some time.
In short, expect years of iterative improvement not a final answer in a week.