diff --git a/README.rst b/README.rst index f6c1317f..56baeaf7 100644 --- a/README.rst +++ b/README.rst @@ -93,5 +93,6 @@ Index of ZIPs 1009 Five-Entity Strategic Council Draft 1010 Compromise Dev Fund Proposal With Diverse Funding Streams Draft 1011 Decentralize the Dev Fee Draft + 1013 Keep It Simple, Zcashers: 10% to ECC, 10% to ZF Draft guide {Something Short and To the Point} Draft diff --git a/index.html b/index.html index aca9db23..7ae4db49 100644 --- a/index.html +++ b/index.html @@ -93,6 +93,7 @@ 1009 Five-Entity Strategic Council Draft 1010 Compromise Dev Fund Proposal With Diverse Funding Streams Draft 1011 Decentralize the Dev Fee Draft + 1013 Keep It Simple, Zcashers: 10% to ECC, 10% to ZF Draft guide {Something Short and To the Point} Draft diff --git a/zip-####-KISZ.rst b/zip-####-KISZ.rst deleted file mode 100644 index c89dfef5..00000000 --- a/zip-####-KISZ.rst +++ /dev/null @@ -1,117 +0,0 @@ -:: - - ZIP: Unassigned - Title: Keep It Simple, Zcashers (KISZ): 10% to ECC, 10% to ZFnd - Owners: Gordon Mohr (@gojomo on relevant forums) - Status: Draft - Category: Process - Created: 2019-11-14 - License: Public Domain - -Terminology -=========== - -The terms below are to be interpreted as follows: - -ECC - Electric Coin Company, a US-based limited-liability corporation -ZFnd - Zcash Foundation, a US-based non-profit corporation -Halvening - a regularly-scheduled discontinuity where the rate of ZEC issuance halves, - expected first in roughly October 2020 then next in roughly October 2024 - - -Abstract -======== - -This ZIP proposes: - -After the 1st Zcash Halvening, when the "Founder's Reward" system-bootstrapping -protocol-based development funding expires, continue to direct 20% of new -ZEC issuance to development-related activities for ongoing research, development, -innovation, and maintenance of Zcash. - -Assign half of such funds to the ECC, and half to the ZFnd. Continue this -allocation until the 2nd Halvening. - -Motivation -========== - -There have been many proposals for potential allocations of Zcash block -rewards (ZEC inflation) after the 1st Halvening. Many cluster around similar -broad parameters: - -* 20% of block rewards for continuing development efforts; -* provided to some combination of the Electric Coin Company (ECC), - Zcash Foundation (ZFnd), and other named or to-be-determined entities; -* conditioned on certain new allocation formulas or management practices, - often involving novel entities, personnel, and feedback/deliberation - processes - -However, no existing ZIPs explicitly propose the most simple variation -on this theme - one that maintains maximal continuity with prior practice. -This 'KISZ' ZIP aims to fill that gap. - -Requirements -============ - -This proposal intends to be easy to describe, understand, and implement. - -Non-requirements -================ - -This proposal does not seek to propose any particular course of action -past the 2nd Halvening. - -Specification -============= - -To implement this ZIP, the Zcash protocol and compatible software should: - -* maintain a 20% allotment of new ZEC issuance to development activities - through to the 2nd Halvening event (expected around October 2024) -* formalize a 50-50 relative allocation between the ECC and ZFnd -* deliver these ZEC to addresses provided by the recipients, in a manner - analogous to the original "Founder's Reward" consensus-encoded block - rewards, or any other technically- and/or legally- preferred method - agreed-to by the ECC & ZFnd - -This proposal specifically refrains from adding any new conditions or -procedural formalities, technical or legal, on the delivery of development -funds. - -There is only the expectation that these recipients should continue the -stated missions, practices of transparency, and responsiveness to community -input that they have demonstrated thus far. - - -Discussion -========== - -This proposal primarily differs from similar proposals in two ways: (1) it places -no new comditions/processes on the disbursement of ZEC development funds; (2) it -specifies a fixed, 50-50 division-of-funds between the ECC and ZFnd. - -These differences are motivated by a desire for simplicity and continuity. This -allocation can be implemented technically without novel institutions, processes, -or legal agreements. - -Rather than relying on lists-of-conditions with underspecified enforcement or -dispute-resolution mechanisms, the adequate performance of fund recipients is -expected due to: - -* aligned incentives, especially the fact that the value of all funds received - over 4 years depends completely on the continued health & growth of the Zcash - ecosystem -* proven records of dedication to the Zcash project, and effective efforts on - related projects, by receipient entities & personnel – even in the absence - of formalized funding conditions - -From original "Founder's Reward"-era development-funds, roughly 15% has been directed -to the ZFnd. (Or, about 3 points of the full 20 points of bootstrap-funds.) However, -from its later start, the ZFnd has recently grown its technical, grantmaking, and -organizational capabilities, and wide sentiment in the Zcash community, ECC, and ZFnd -desires the ZFnd grow to a role of equivalent or greater importance as the ECC for -long-term Zcash evolution. Thus this proposal specifies a 50:50 split of future -development funds, rather than continuing any prior proportions. diff --git a/zip-1013.html b/zip-1013.html new file mode 100644 index 00000000..3840404b --- /dev/null +++ b/zip-1013.html @@ -0,0 +1,89 @@ + + + + ZIP 1013: Keep It Simple, Zcashers: 10% to ECC, 10% to ZF + + + +
+ 
ZIP: 1013
+Title: Keep It Simple, Zcashers: 10% to ECC, 10% to ZF
+Owners: Gordon Mohr (@gojomo on relevant forums)
+Status: Draft
+Category: Consensus / Process
+Created: 2019-11-14
+License: Public Domain
+Discussions-To: <https://forum.zcashcommunity.com/t/zip-keep-it-simple-zcashers-kisz-10-to-ecc-10-to-zfnd/35425>
+
+

Terminology

+

The key words "MUST" and "SHOULD" in this document are to be interpreted as described in RFC 2119. 1

+

The terms below are to be interpreted as follows:

+
+
ECC
+
Electric Coin Company, a US-based limited-liability corporation.
+
ZF
+
Zcash Foundation, a US-based non-profit corporation.
+
Halvening
+
a regularly-scheduled discontinuity where the rate of ZEC issuance halves, expected first in roughly October 2020 then next in roughly October 2024.
+
+
+
+

Abstract

+

This ZIP proposes:

+

After the 1st Zcash Halvening, when the "Founders’ Reward" system- bootstrapping protocol-based development funding expires, continue to direct 20% of new ZEC issuance to development-related activities for ongoing research, development, innovation, and maintenance of Zcash.

+

Assign half of such funds to the ECC, and half to the ZF. Continue this allocation until the 2nd Halvening.

+
+
+

Motivation

+

There have been many proposals for potential allocations of Zcash block rewards (ZEC inflation) after the 1st Halvening. Many cluster around similar broad parameters:

+ +

However, no existing ZIPs explicitly propose the most simple variation on this theme - one that maintains maximal continuity with prior practice. This 'Keep It Simple, Zcashers' ZIP aims to fill that gap.

+
+
+

Requirements

+

This proposal intends to be easy to describe, understand, and implement.

+
+
+

Non-requirements

+

This proposal does not seek to propose any particular course of action past the 2nd Halvening.

+
+
+

Specification

+

To implement this ZIP, the Zcash protocol and compatible software MUST:

+ +

This proposal specifically refrains from adding any new conditions or procedural formalities, technical or legal, on the delivery of development funds.

+

There is only the expectation that these recipients SHOULD continue the stated missions, practices of transparency, and responsiveness to community input that they have demonstrated thus far.

+
+
+

Discussion

+

This proposal primarily differs from similar proposals in two ways: (1) it places no new comditions/processes on the disbursement of ZEC development funds; (2) it specifies a fixed, 50-50 division-of-funds between the ECC and ZF.

+

These differences are motivated by a desire for simplicity and continuity. This allocation can be implemented technically without novel institutions, processes, or legal agreements.

+

Rather than relying on lists-of-conditions with underspecified enforcement or dispute-resolution mechanisms, the adequate performance of fund recipients is expected due to:

+ +

From original "Founders’ Reward"-era development-funds, roughly 15% has been directed to the ZF. (Or, about 3 points of the full 20 points of bootstrap- funds.) However, from its later start, the ZF has recently grown its technical, grantmaking, and organizational capabilities, and wide sentiment in the Zcash community, ECC, and ZF desires the ZF grow to a role of equivalent or greater importance as the ECC for long-term Zcash evolution. Thus this proposal specifies a 50:50 split of future development funds, rather than continuing any prior proportions.

+
+
+

References

+ + + + + + + +
1Key words for use in RFCs to Indicate Requirement Levels
+
+
+ + \ No newline at end of file diff --git a/zip-1013.rst b/zip-1013.rst new file mode 100644 index 00000000..86601208 --- /dev/null +++ b/zip-1013.rst @@ -0,0 +1,135 @@ +:: + + ZIP: 1013 + Title: Keep It Simple, Zcashers: 10% to ECC, 10% to ZF + Owners: Gordon Mohr (@gojomo on relevant forums) + Status: Draft + Category: Consensus / Process + Created: 2019-11-14 + License: Public Domain + Discussions-To: + + +Terminology +=========== + +The key words "MUST" and "SHOULD" in this document are to be interpreted as +described in RFC 2119. [#RFC2119]_ + + +The terms below are to be interpreted as follows: + +ECC + Electric Coin Company, a US-based limited-liability corporation. +ZF + Zcash Foundation, a US-based non-profit corporation. +Halvening + a regularly-scheduled discontinuity where the rate of ZEC issuance halves, + expected first in roughly October 2020 then next in roughly October 2024. + + +Abstract +======== + +This ZIP proposes: + +After the 1st Zcash Halvening, when the "Founders’ Reward" system- +bootstrapping protocol-based development funding expires, continue to +direct 20% of new ZEC issuance to development-related activities for ongoing +research, development, innovation, and maintenance of Zcash. + +Assign half of such funds to the ECC, and half to the ZF. Continue this +allocation until the 2nd Halvening. + + +Motivation +========== + +There have been many proposals for potential allocations of Zcash block +rewards (ZEC inflation) after the 1st Halvening. Many cluster around similar +broad parameters: + +* 20% of block rewards for continuing development efforts; +* provided to some combination of the Electric Coin Company (ECC), + Zcash Foundation (ZF), and other named or to-be-determined entities; +* conditioned on certain new allocation formulas or management practices, + often involving novel entities, personnel, and feedback/deliberation + processes. + +However, no existing ZIPs explicitly propose the most simple variation +on this theme - one that maintains maximal continuity with prior practice. +This 'Keep It Simple, Zcashers' ZIP aims to fill that gap. + + +Requirements +============ + +This proposal intends to be easy to describe, understand, and implement. + + +Non-requirements +================ + +This proposal does not seek to propose any particular course of action +past the 2nd Halvening. + + +Specification +============= + +To implement this ZIP, the Zcash protocol and compatible software MUST: + +* maintain a 20% allotment of new ZEC issuance to development activities + through to the 2nd Halvening event (expected around October 2024); +* formalize a 50-50 relative allocation between the ECC and ZF; +* deliver these ZEC to addresses provided by the recipients, in a manner + analogous to the original "Founders’ Reward" consensus-encoded block + rewards, or any other technically- and/or legally- preferred method + agreed to by the ECC & ZF. + +This proposal specifically refrains from adding any new conditions or +procedural formalities, technical or legal, on the delivery of development +funds. + +There is only the expectation that these recipients SHOULD continue the +stated missions, practices of transparency, and responsiveness to community +input that they have demonstrated thus far. + + +Discussion +========== + +This proposal primarily differs from similar proposals in two ways: (1) it +places no new comditions/processes on the disbursement of ZEC development +funds; (2) it specifies a fixed, 50-50 division-of-funds between the ECC and +ZF. + +These differences are motivated by a desire for simplicity and continuity. +This allocation can be implemented technically without novel institutions, +processes, or legal agreements. + +Rather than relying on lists-of-conditions with underspecified enforcement or +dispute-resolution mechanisms, the adequate performance of fund recipients is +expected due to: + +* aligned incentives, especially the fact that the value of all funds received + over 4 years depends completely on the continued health & growth of the Zcash + ecosystem; +* proven records of dedication to the Zcash project, and effective efforts on + related projects, by receipient entities & personnel – even in the absence + of formalized funding conditions. + +From original "Founders’ Reward"-era development-funds, roughly 15% has been +directed to the ZF. (Or, about 3 points of the full 20 points of bootstrap- +funds.) However, from its later start, the ZF has recently grown its +technical, grantmaking, and organizational capabilities, and wide sentiment in +the Zcash community, ECC, and ZF desires the ZF grow to a role of equivalent +or greater importance as the ECC for long-term Zcash evolution. Thus this +proposal specifies a 50:50 split of future development funds, rather than +continuing any prior proportions. + + +References +========== + +.. [#RFC2119] `Key words for use in RFCs to Indicate Requirement Levels `_