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Minor/typo tweaks
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zip-XXXX.rst
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zip-XXXX.rst
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@ -88,7 +88,7 @@ value for the Zcash ecosystem.
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There should not be any single entity which is a single point of failure, i.e.,
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whose capture or failure will effectively prevent effective use of the funds.
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Major funding decisions should be based, to the extent feasible on inputs from
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Major funding decisions should be based, to the extent feasible, on inputs from
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domain experts and pertinent stakeholders.
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The Dev Fund mechanism should not modify the monetary emission curve (and in
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@ -101,7 +101,7 @@ and eventual halvings, it is desirable to create rainy-day reserves.
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The Dev Fund mechanism should not reduce users' financial privacy or security.
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In particular, it should not cause them to expose their coin holdings, or to
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maintain access to secret keys for much longer than they would otherwise. (This
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rules out some form of voting, and of disbursing coins to past/future miners).
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rules out some forms of voting, and of disbursing coins to past/future miners).
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The new Dev Fund system should be simple to understand and realistic to
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implement. In particular, it should not assume the creation of new mechanisms
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@ -158,9 +158,8 @@ partners ("shareholders"), other than:
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(ECC is encouraged to transition to a corporate structure that would avoid the
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latter taxes.)
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This obligation must be made irrevocable within ECC's corporate governance
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structure (i.e., its Operating Agreement), and backed by a contractual
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obligation to the Zcash Foundation.
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This obligation must be made irrevocable, e.g., within ECC's corporate
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governance structure (i.e., its Operating Agreement) or contractual obligations.
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Zfnd-GU slice (Zcash Foundation, for general use)
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@ -177,7 +176,7 @@ profits will be added to the Zfnd-GU slice (to fund its ongoing operations and
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any future grants).
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Zfnd-MG slice (Zcash Foundation for major grants)
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Zfnd-MG slice (Zcash Foundation, for major grants)
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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This slice of the Dev Fund is intended to fund independent teams entering the
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@ -353,7 +352,7 @@ Future Community Governance
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Decentralized community governance is used in this proposal in the following places:
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1. As advisory input to the `Zfnd-MG slice (Zcash Foundation for major grants)`_.
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1. As advisory input to the `Zfnd-MG slice (Zcash Foundation, for major grants)`_.
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2. For changing the `Funding Target and Volatility Reserve`_ (which is an
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incentive for ECC and Zfnd to *create* the voting mechanism).
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