Hi folks!
We’re organising another Shielded Petition so that more Zcashers can participate! The deadline to register your coins to vote is about 19 hours from now! Block 2,574,200, which is 5:00pm UTC Saturday, July 13.
Here’s the documentation of the two petitions eligibility windows from hanh. See the instructions below for how to register your coins to vote!
How this came about is a very interesting and cool story! But first a little bit of backstory:
If you don’t know, I stepped down from the Bootstrap Board of Directors a little more than a week ago. Here’s their farewell to me and my farewell to them. This means that I don’t have any legal, financial, or organizational ties to Zcash Foundation, Electric Coin Co/Bootstrap, or Zcash Community Grants.
I’m excited to be independent! I’m very happy about Josh’s leadership at Electric Coin Co, and I love the Dev Fund – I think it is Zcash’s number one most important competitive advantage long term – but I’m excited to be in a position where I can contribute to Zcash independently, because I think the most resilient kind of development is having multiple independent, cooperating players. For that reason, I intend to contribute to Zcash going forward without directly or indirectly receiving any Dev Fund money myself.
Also, now that I have no legal ties to any of those organizations, I can speak my mind about things that I used have to avoid mentioning for legal/regulatory/government-relations reasons. As you’ll see below.
So, the story is that a few days ago some very wealthy Zcashers that I’ve known for a long time contacted me and said that they were super excited to participate in the coin-weighted petition, but that they had just heard about it and their coins were outside the eligibility window. One of them explained that he had old ZEC coins that were before the eligibility window, and that he was in the process of accumulating more ZEC even as we spoke, but that his new ZEC was after the eligibility window, so he couldn’t express his opinions in the Shielded Petition with either of them.
He said he just cared a lot about the future of the project and that he thought this governance decision was critically important. He said “I just want to see this project work. It’s the cypherpunk system. Its token distribution is extremely fair. Eight year brutal inflation curve – no one can complain about unfairness of the onboard system. It’s the only serious system for private money. It has the correct ideology.”.
Then he told me that he thought his accumulating ZEC for the last few days was the cause of this price trend!
I think this is so good for the Zcash mission – wealthy people buying into ZEC because they feel like their opinions are valued by the Shielded Coin-Petition, and them buying in benefiting all ZEC holders and the mission of Zcash.
The ZEC coin – the financial asset itself, not just the network or the technology – is the source of our future improvements and future adoption, both through the Dev Fund, and through people and companies benefiting from holding ZEC so that they can afford to contribute back and so that they can effectively onboard other people and companies.
Also, I think the ZEC holders deserve some relief and reward! Long-term ZEC holders (like me) have suffered from a brutal price decline for many years, and have demonstrated incredible grit and determination. And if this works and Zcash fulfills its mission of protecting all people from surveillance and tyranny, it will be partially due to the grit and determination of the ZEC holders.
hanh agreed to create a second eligibility window so that people whose coins missed the first one can raise their voice in a Shielded Petition! If you have any ZEC (or if you buy any new ZEC when you read this!) all you have to do is send it to your (self-custody, Shielded By Default) Ywallet. I’ll post a follow-up with screenshots showing how to get it into the Orchard shielded pool once you have it your Ywallet.
You have to get it into the Orchard Shielded Pool in your Ywallet by this by the deadline of 5:00pm UTC Saturday, July 13 (Block 2,574,200). So get cracking, and let’s do some major Shielded Petitioning as a show of strength for Zcash!