You can do that with the current voting system (but you can’t force or check that they vote a particular way).
… if your ZECs are stored on the shielded pool.
I do yet not feel comfortable with the security provided by Keystone, lacking (afaik) SSSS on Zcash as well as a long term track record of reliability (I’m sure they’ll get there). Nor do I feel comfortable with the UX of voting / delegating with shielded notes. I’m truly hopeful ECC / Zashi can find a flow that makes sense to lay persons.
I realize that I probably sound annoying always wanting more. But what can I say, the above is absolutely necessary to get the adoption we are hopeful the eventually get.
The fact that large token holders have increased the number of tokens in the shielded pool is nice but… not enough to get me excited. I want more souls using Zcash.
Emphasis mine.
I disagree with you on this point.
Many people probably do disagree with my often controversial positions. I really don’t mind and enjoy seeing the diversity of opinions in the community.
To clarify my reasoning, I consider transparent voting equal to caucus voting. I don’t think it is worth the added complexity. Last time, there was a single vote cast that way.
I’d argue 99.99% of transparent funds are sitting on CEX’s. 10 folks if we are lucky who fit @outgoing.doze 's sample size might not be worth the work.
Prove me wrong transparent key holders!
Ah this I somewhat agree with. It’s fine to keep transparent voting a bit complicated. Eventually Keystone and/or Ledger will support the features expected on a modern offline wallet.
There will still be the question of Long Term Support. At this point it’s all a bet but I currently bet on transparent outlasting everything else we currently have. @daira’s earlier mention of a long term shielded storage pool had my attention, we’ll see what happens with that.
edit: I’ll take the opportunity of this message to remind the community that I believe we are aiming to build the vision that Satoshi really had. Electronic Private Money. However,
Money is Mean of Exchange, Unit of Account and Store of Value (SoV).
Currently, we are lacking SoV and we have no plan at all to support this critical aspect of money, save for the recent message of @daira hinting at a potential solution that could eventually be worked on.
It doesn’t mean it is a Store of Value forever. Cash money can go demonetization.
No US bill has ever been demonetized. Undoubtedly, demonetization has happened elsewhere, but let’s think for a moment why people like to keep USD and maybe not other random currencies. Maybe we want some of that attractiveness.
Fine. You are moving the goal posts though.
The conversation is flowing and I’m just making points that seem relevant to our current conversation and our long term strategy. I don’t know that I move the goal posts either though, I’ve raised all those points repeatedly in other posts.
Either way for sure we are drifting from what this thread is meant to discuss so we should probably suspend this otherwise enjoyable exchange.
Happy to discuss this further in a more appropriate thread or privately.
With just me you already can’t be at more than 99.5% of transparent funds on CEXs, so that’s a pretty bad start for that approximation out of nowhere.
That’d be ignoring 5% of constituents of the network. Your way of thinking is always next level @dismad,
.
Hey I thought of few more questions:
- Do applicants ask for
ZECor$ZECand when is the conversion done? - How long do applicants who, have approved retro grants, wait before they actually see the funds?
- Who decides what is complete or not and can that be challenged?
- What if work is only partially completed, how will that be graded and how will partial funding work if that is approved?
Thank you ![]()
Great questions! This post made me realize we should add a third question to the poll asking coinholders whether they support the proposal outlined in the OP of this thread, which addresses most of your questions.
As outlined in the proposal, funding requests are denominated in USD but disbursed in ZEC from the multisig wallet by the Keyholder Organizations.
Funds will be disbursed by 2 of 3 Keyholder Organizations after KYC is completed, assuming no veto has been issued.
The grant application will require evidence that the project has been completed (such as a GitHub repository), but it is ultimately up to coinholders to evaluate the work and vote to approve or reject the proposal.
It’s up to coinholders to decide whether a proposal should be funded. If an applicant completes only part of a larger project, coinholders can choose to approve or reject the grant based on their judgment.
The Keyholder Organizations do not evaluate proposals or determine merit. Their role is solely to disburse funds in accordance with the outcome of the coinholder vote. However, a veto may be issued if (1) a Keyholder Organization believes funding the grant would violate its legal or reporting obligations, or (2) two or more Keyholder Organizations raise a principled objection based on potential harm to Zcash users or misalignment with the values of the Zcash community.
Wait… KYC?
What?
Is Zcash a branch of the US?
So anonymous participants in our community… which might include 0 persons from the US.. can’t receive funds without KYC?
Doesn’t this effectively make Zcash an outreach organization FOR the US imperial apparatus?
I believe that it is a violation of Zcash principles to enforce the surveillance policies of an oppressive authoritarian (and increasingly fascist) military police state. I believe that KYC is misaligned with the values of the Zcash community.
Am I in a Black Mirror episode? Have I fallen out of the Overton Window?
Do I need to plug in my Uncle Sam is OK propaganda feed, so I can cauterize the parts of my perspective that object to the double-speak, double-think?
”a Keyholder Organization believes funding the grant would violate its legal or reporting obligations,”
Reporting obligations? To the Stasi? Gestapo? FBI? PRC? IRS? SEC?
A “Keyholder Organization” that feels obligated to “report” to a military/imperial overseer doesn’t have the intestinal fortitude to be a “Keyholder Organization”.
We’re on schedule to have the first round of votes to allocate funds from the Coinholder Grants Program in November. Here’s a timeline of events for the coming months, which aligns with the Implementation Timeline I posted in July (included below for reference):
Timeline for Q4 Coinholder Grants Program
- Wed, Sept 3 – Polling to ratify the retroactive grants program ends
- Mon, Sept 8 – Call for proposals / proposal submission opens
- Sun, Oct 12 – Proposal submission deadline
- Mon, Oct 13 – Wed, Nov 12 – Mandatory 30-day review period
- Mon, Oct 27 – Mon, Nov 10 – Registration period to vote on Q4 grant proposals
- Thurs, Nov 13 – Mon, Nov 24 – Coinholder poll to vote on proposals
- Week of Nov 24 – NU6.1 activates
- Dec 1 – Funds disbursed (on or around this date)
Cross-posting the poll results and Shielded Labs blog post here so all relevant information is documented in this thread.
Draft process ZIP for the Coinholder-Directed Retroactive Grants Program:

