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Update wording to reflect the fact that the Founders' Reward was not directed to a 501(c)3

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Daira Hopwood 2020-11-03 18:25:10 +00:00 committed by GitHub
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@ -68,11 +68,11 @@ Motivation
Starting at Zcash's first halving in October 2020, by default 100% of the block
subsidies will be allocated to miners, and no further funds will be automatically
allocated for charitable, educational, or scientific purposes, such as research,
development, and outreach. Consequently, no substantial
new funding may be available to existing teams dedicated to furthering such purposes:
the Electric Coin Company (ECC), the Zcash Foundation (ZF), and
the many entities funded by the ZF grant program.
allocated to any other entities. Consequently, no substantial new funding
may be available to existing teams dedicated to furthering charitable,
educational, or scientific purposes, such as research, development, and outreach:
the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the many
entities funded by the ZF grant program.
There is a need to strike a balance between incentivizing the security of the
consensus protocol (i.e., mining) versus crucial charitable, educational, and/or