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Update draft-zf-community-dev-fund-2-proposal.rst
Changes based on @str4d's feedback.
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@ -48,6 +48,10 @@ nonprofit corporation of that name.
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Islands-incorporated non-profit foundation company limited by guarantee of
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that name.
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"Autonomous Entities" refers to committees, DAOs, teams or other groups to
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which FPF provides operations, administrative, and financial management
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support.
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"Section 501(c)(3)" refers to that section of the U.S. Internal Revenue Code
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(Title 26 of the U.S. Code). [#section501c3]_
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@ -150,12 +154,6 @@ execution; but it should strive to support and use these once they are built.
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The Dev Fund should comply with legal, regulatory, and taxation constraints in
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pertinent jurisdictions.
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This ZIP recognizes there is strong community support for a non-direct funding
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model. As such, BP, ECC and ZF MUST collaborate with the Zcash community to
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research and explore the establishment of a non-direct funding model. The
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research should consider potential designs as well as possible legal and
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regulatory risks.
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Non-requirements
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================
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@ -425,6 +423,12 @@ different mechanism for ecosystem development funding.
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BP, ECC, ZF and FPF SHOULD facilitate the amendment or replacement of the Dev
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Fund if there is sufficient community support for doing so.
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This ZIP recognizes there is strong community support for a non-direct funding
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model. As such, BP, ECC and ZF MUST collaborate with the Zcash community to
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research and explore the establishment of a non-direct funding model. The
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research should consider potential designs as well as possible legal and
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regulatory risks.
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Future Community Governance
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---------------------------
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@ -443,7 +447,7 @@ ZF Board Composition
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--------------------
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Members of ZF's Board of Directors MUST NOT hold equity in ECC or have current
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business or employment relationships with ECC.
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business or employment relationships with ECC or BP.
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The Zcash Foundation SHOULD endeavor to use the Zcash Community Advisory Panel
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(or successor mechanism) as advisory input for future board elections.
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@ -453,7 +457,7 @@ FPF Board Composition
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--------------------
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Members of FPF's Board of Directors MUST NOT hold equity in ECC or have current
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business or employment relationships with ECC.
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business or employment relationships with ECC or BP.
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Acknowledgements
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