From 2f75f92fea0a292edf6bc43c8598839e0b646c2f Mon Sep 17 00:00:00 2001 From: Daira Hopwood Date: Tue, 3 Nov 2020 18:25:10 +0000 Subject: [PATCH] Update wording to reflect the fact that the Founders' Reward was not directed to a 501(c)3 --- zip-1014.rst | 10 +++++----- 1 file changed, 5 insertions(+), 5 deletions(-) diff --git a/zip-1014.rst b/zip-1014.rst index 83697ff6..a3556da2 100644 --- a/zip-1014.rst +++ b/zip-1014.rst @@ -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