The 1.1m USD cap cannot be specified as a consensus rule since there is no on-chain oracle for the USD price.
+A previous version of this ZIP stated the following requirements: "The ECC's portion of block subsidy MUST be capped at their projected 1.1m USD costs a month." and "The ECC's portion of block subsidy MUST NOT be greater than 10% of total block subsidy of any one block." These requirements were mistakenly introduced in the process of ZIP editing; they do not reflect the intent of the original author @kek. They are also inconsistent with the summary that was posted in the Community Sentiment Collection Poll blog post at <https://www.zfnd.org/blog/community-sentiment-collection-poll/>, which stated an ECC percentage of 20%. Votes on the Community Sentiment Collection Poll, the Community Advisory Panel Helios poll, and/or the stake-weighted petition reported at <https://forum.zcashcommunity.com/t/staked-poll-on-zcash-dev-fund-debate/34846/71>, should be interpreted with care in light of this ambiguity. Also note that the 1.1m USD cap could not in any case be specified as a consensus rule since there is no on-chain oracle for the USD price.
Provisions that referred to specific block heights have been revised since they were inconsistent with the change in block target spacing 4 that will occur with the Blossom Network Upgrade 3; and even if recalculated, fixed block heights would potentially be inconsistent with future changes in target block spacing.
diff --git a/zip-1008.rst b/zip-1008.rst index cc5ffd7b..fda3e2d8 100644 --- a/zip-1008.rst +++ b/zip-1008.rst @@ -68,15 +68,25 @@ of the proposal.` Specification ============= -* The ECC's portion of block subsidy MUST be capped at their projected 1.1m USD - costs a month. -* The ECC's portion of block subsidy MUST NOT be greater than 10% of total block - subsidy of any one block. -* This MUST end at a block height corresponding to two years after the first - halving, i.e. October 2022. +* The ECC's portion of block subsidy MUST be 20%, until a block height + corresponding to two years after the first halving, i.e. until October 2022. +* A to-be-specified fraction of ECC's portion SHOULD be used to fund the + Zcash Foundation. -:editor-note:`The 1.1m USD cap cannot be specified as a consensus rule since -there is no on-chain oracle for the USD price.` +:editor-note:`A previous version of this ZIP stated the following requirements: +"The ECC's portion of block subsidy MUST be capped at their projected 1.1m USD +costs a month." and "The ECC's portion of block subsidy MUST NOT be greater than +10% of total block subsidy of any one block." These requirements were mistakenly +introduced in the process of ZIP editing; they do not reflect the intent of the +original author @kek. They are also inconsistent with the summary that was posted +in the Community Sentiment Collection Poll blog post at +