A potential answer to this question @seernet:
Is this:
In other words, the point of ZSAs is to make it so there’s no reason to hold ZEC.
That’s the argument that I find compelling.
I see an attempted takeover that’s roughly the inverse of the one @artkor is asserting (if I understand their position correctly).
To be clear, I’m deeply skeptical of coin-holder voting… I’m also deeply skeptical of ZCAP voting.
I think @seernet has asked the right question, and though I have proposed an answer, it’s just an hypothesis, I can think of other plausible answers.