Proposal to switch ZCG elections to Token Holder Voting

I agree with @Shawn. I also don’t think calling out ZCAP’s cardinality is a good argument here.

See:

Across all 9 questions, if you de-duplicate voters across proposals, the maximum electorate per question is 40 unique coinholders.

So, even with all its flaws, ZCAP is currently more decentralized in the “many independent minds” sense than what we’ve actually seen from THV so far. Yes, ZCAP is gatekept and THV is permissionless but those are different axes (membership vs. headcount vs. stake concentration) that all require considering.

IMO for THV to be truly representative of where the community is at with anything, we would need roughly:

  • ~100× the number of unique voters, and
  • probably 2–3× the total ZEC participating,

before I would support moving something as important as ZCG elections over to it.

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