Problem: can't create initial merit cap table
Merit requests must be approved by existing merit holders, but when a rocket is first created there are no merit holders.
Solution: allow the creator of a new rocket to instantiate a new merit cap table for their rocket with 1 merit and locked for a lead time of 1 such that their votepower is 1.
This will give the creator of the new rocket 100% of the initial votepower and they can begin approving or rejecting new merit requests.
gsovereignty
npub1my…psn5p
2023-07-13 10:46:39
in reply to nevent1q…67sv
Author Public Key
npub1mygerccwqpzyh9pvp6pv44rskv40zutkfs38t0hqhkvnwlhagp6s3psn5pPublished at
2023-07-13 10:46:39Event JSON
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"content": "Problem: can't create initial merit cap table\n\nMerit requests must be approved by existing merit holders, but when a rocket is first created there are no merit holders.\n\nSolution: allow the creator of a new rocket to instantiate a new merit cap table for their rocket with 1 merit and locked for a lead time of 1 such that their votepower is 1.\n\nThis will give the creator of the new rocket 100% of the initial votepower and they can begin approving or rejecting new merit requests.",
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