mirror of https://github.com/zcash/zips.git
Include requirements and non-requirements
This commit is contained in:
parent
66eb89c7f3
commit
3c35f28272
52
zip-XXXX.rst
52
zip-XXXX.rst
|
@ -18,7 +18,7 @@ My name is Matt Luongo. I'm an entrepreneur who's been full-time in the crypto
|
|||
space since 2014, co-founding Fold, a Bitcoin payments company, and more
|
||||
recently Keep, a private computation startup built on Ethereum. At Keep, we've
|
||||
done some `work around Zcash <https://github.com/ethereum/EIPs/pull/2129>`_,
|
||||
and our parent company, `Thesis <https://thesis.co>`, is considering investing
|
||||
and our parent company, `Thesis <https://thesis.co>`_, is considering investing
|
||||
more heavily in Zcash development for our latest project.
|
||||
|
||||
I'm deeply interested in privacy tech. For me, privacy is about consent --
|
||||
|
@ -51,7 +51,7 @@ I believe the Zcash community has an opportunity to deploy a new incentive
|
|||
structure that will attract companies like ours to build and improve Zcash,
|
||||
leading to a more resilient network, stronger technology, and wider usage.
|
||||
|
||||
The Zcash Narrative
|
||||
The Zcash narrative
|
||||
-------------------
|
||||
|
||||
We're all here to build a robust, private, decentralized currency. But in the
|
||||
|
@ -76,13 +76,11 @@ research and engineering talent to take Zcash to the next level, and leveraging
|
|||
a Zcash dev fee as a differentiator to build the world's best private medium of
|
||||
exchange.
|
||||
|
||||
Evolving Zcash Governance
|
||||
=========================
|
||||
|
||||
Principles of cryptocurrency governance
|
||||
---------------------------------------
|
||||
|
||||
Most proof-of-work chains today have three major governing roles:
|
||||
To understand Zcash governance, it's worth reviewing "default" cryptocurrency
|
||||
governance. Most proof-of-work chains today have three major governing roles:
|
||||
|
||||
1. Miners validate and secure the chain. They do some work to earn a reward.
|
||||
Miners are the first owners of newly minted coins, and are an integral part
|
||||
|
@ -175,8 +173,46 @@ Zcash.
|
|||
Sustainably attracting talent to Zcash is critical to maintain innovation and
|
||||
build resilience.
|
||||
|
||||
Moving Forward
|
||||
==============
|
||||
Requirements
|
||||
============
|
||||
|
||||
The first requirement is a balanced governance structure. Developers should be
|
||||
rewarded, without rewarding governance capture. What's best for the chain and
|
||||
ZEC holders should always come before commercial interests.
|
||||
|
||||
The second, and secondary, requirement is funding Zcash development. While the
|
||||
chain shouldn't be run by a commercial entity, it will need to be supported by
|
||||
them.
|
||||
|
||||
The third requirement is the support of a more resilient ecosystem by:
|
||||
|
||||
1. Ending the "crowding out" problem by paying development teams to work on and
|
||||
for Zcash.
|
||||
2. Building a dev fee management structure that's resilient to the loss,
|
||||
capture, or compromise of the Zcash Foundation.
|
||||
3. Ensuring the ecosystem can survive the loss, capture, or compromise of the
|
||||
ECC by encouraging developer diversity and strategic input.
|
||||
|
||||
Finally, avoid introducing unnecessary additional entities into the governance
|
||||
process.
|
||||
|
||||
Non-requirements
|
||||
================
|
||||
|
||||
General on-chain governance is outside the scope of this proposal. On-chain
|
||||
governance is an exciting idea -- what if we had an impartial arbiter funding
|
||||
development? My experience with on-chain governance to date, however, leads me
|
||||
to believe it's still a risky direction. Zcash should focus on what it's good at
|
||||
-- privacy -- and leave proving on-chain governance models to other projects.
|
||||
|
||||
While this proposal attempts to outline a long-term structure for Zcash funding
|
||||
and governance, specifying the structure beyond the next 4 years is out of
|
||||
scope. Much will have changed in 4 years. Perhaps this structure will be
|
||||
sufficient; perhaps we'll be battling the Third Crypto War, and need to go back
|
||||
to the drawing table.
|
||||
|
||||
Specification
|
||||
=============
|
||||
|
||||
The below proposal is an effort to cleanly resolve the problems with Zcash's
|
||||
current governance, while
|
||||
|
|
Loading…
Reference in New Issue