One of my biggest concerns is the gravity of the all-or-nothing lockup. I’m curious to know how this system was designed, as in was any empirical evidence used to test human psychology at a 4 year lockup versus an 8 year lockup?
I really wonder if there are differences in human behavior (we want people to choose to maximize the value of ICP and thus the Internet Computer, or vice versa) between 4, 5, 6, 7 or 8 years given it’s an all-or-nothing lockup and that number of years is just so incredibly long on the curve of innovation.
So, one proposal I have is getting rid of the all-or-nothing lockup by unlocking ICP in proportion to the current dissolve delay.
Right now, the dissolve delay mainly affects rate of return (in the maturity calculation) AFAIU, unless the dissolve delay is 0, and then the ICP can be unlocked. What if a portion of the ICP were unlocked as the dissolve delay decreased? So if you hit dissolve on a neuron with an 8 year delay, 1 year in to the dissolving you could unlock 7/8 of the ICP, and this would of course by calculated each day or whatever, similar to how the maturity is calculated now.