I’ve got a first draft of an alternate (Hybrid Deferred) duration/ allocation ZIP proposal here:
Title: Masters of The Universe?
4 year duration/ 17% lockbox/ 8% ZCG, with a clause for revisitation upon completion of an NDFM which can access the lockbox in less than 4 years
@conradoplg @str4d et al, given the late breaking nature of things during this holiday (USA) week/ the late breaking Lockbox support/ the late breaking/ ongoing work on the Hybrid Deferred fund proposal, can this alt-proposal also be included?
Sorry to make the excuse, I’m a parent of 2 and working a full time job - while keeping up with my free ad-hoc Zcash involvements.
The general concept for this derivative from Jason’s Hybrid Deferred Fund proposal, is that 1 year is certainly not an adequate amount of time for implementation of both the Lockbox, and the NDFM. Providing 4-years, is a more generous runway for all of the technical/ design work that is TBD, while also assuring ZCG adequate direct funding for more longer than just ~November 2025.
Background
1 year duration seems foolish because it forces the ecosystem to have to do this tiresome funding debate/ network upgrade process all over again soon (it is currently not planned for in either ZF or ECC roadmaps).
4 years gives the chance for people to commit to a longer runway for the project of the NDFM, while assuring adequate funding to ZCG along the way.
A proposal for 25% where most ZEC goes into a lockbox, that is unlikely to be accessible for 2-4 years, is effectively just an 8% Dev Fund for 1-4 years.
I think the existing polling results, because the lockbox nor Hybrid concepts didn’t exist at the time, are not necessarily reliable in presuming voter sentiment.
Also, frankly speaking, I don’t think that the Zcash voting electorate -a tiny minority of total ZEC owners/ users- should necessarily be driving such important protocol outcomes.
There are many thousands of ZEC holders/ users who were not involved in sentiment gathering.
4 years/ 17% lockbox/ 8% ZCG, in my opinion represents the Hybrid concept but it increases the runway for the NDFM project/ ZCG’s financial runway; and it reduces the energy spend of this entire funding process/ network upgrade debate from being kicked off all over again in less than 10-12 months.
I tend to think Manufacturing Consent is already dead money, but I’m completing the exercise because I do think that gauging actual 4-year direct funding support is still an important bit of info to have once this is all said and done.
I really believe the Hybrid lockbox/ ZCG direct funding is ideal, but again I feel like 1-year is not logistically the way to go about it (regardless of what the polling of the tiny Zcash cohort shows is their preference).
Schedules slip constantly in Zcash. The NDFM project is going to cause even more slips. Building a lockbox implementation will also cause schedule slips. And so to force a new funding debate in less than 12 months, which inevitably slips other work/ pulls Daira, Nutty, Strad, Conrado, Jack, Josh, et al away from other work… I just don’t understand the thinking there.
Nothing happens in the Zcash world in less than a year. And certainly not something as complex as implementing the lockbox then designing and implementing a NDFM.
This is why I’m thinking about the lockbox/ NDFM, in a long timeline. This is why I believe that a 4-year duration alternative deserves to be considered.