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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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zip-1014.rst
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zip-1014.rst
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@ -68,11 +68,11 @@ Motivation
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Starting at Zcash's first halving in October 2020, by default 100% of the block
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Starting at Zcash's first halving in October 2020, by default 100% of the block
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subsidies will be allocated to miners, and no further funds will be automatically
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subsidies will be allocated to miners, and no further funds will be automatically
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allocated for charitable, educational, or scientific purposes, such as research,
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allocated to any other entities. Consequently, no substantial new funding
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development, and outreach. Consequently, no substantial
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may be available to existing teams dedicated to furthering charitable,
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new funding may be available to existing teams dedicated to furthering such purposes:
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educational, or scientific purposes, such as research, development, and outreach:
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the Electric Coin Company (ECC), the Zcash Foundation (ZF), and
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the Electric Coin Company (ECC), the Zcash Foundation (ZF), and the many
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the many entities funded by the ZF grant program.
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entities funded by the ZF grant program.
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There is a need to strike a balance between incentivizing the security of the
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There is a need to strike a balance between incentivizing the security of the
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consensus protocol (i.e., mining) versus crucial charitable, educational, and/or
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consensus protocol (i.e., mining) versus crucial charitable, educational, and/or
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