zec
/
zips
mirror of https://github.com/zcash/zips.git
1
0
Fork 0
Code Issues Projects Releases Wiki Activity

ZIP 1008: see discussion at https://forum.zcashcommunity.com/t/kek-s-proposal-fund-ecc-for-2-more-years/34778/29 and subsequent comments. 

Signed-off-by: Daira Hopwood <daira@jacaranda.org>
This commit is contained in:
Daira Hopwood 2019-11-29 11:44:23 +00:00
parent 374ef5c5fc
commit e4ebd818d6
2 changed files with 21 additions and 12 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

7
zip-1008.html
View File

@ -51,11 +51,10 @@ Discussions-To: &lt;https://forum.zcashcommunity.com/t/kek-s-proposal-fund-ecc-f
<section id="specification"> <section id="specification">
<h2>Specification</h2> <h2>Specification</h2>
<ul> <ul>
<li>The ECC's portion of block subsidy MUST be capped at their projected 1.1m USD costs a month.</li> <li>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.</li>
<li>The ECC's portion of block subsidy MUST NOT be greater than 10% of total block subsidy of any one block.</li> <li>A to-be-specified fraction of ECC's portion SHOULD be used to fund the Zcash Foundation.</li>
<li>This MUST end at a block height corresponding to two years after the first halving, i.e. October 2022.</li>
</ul> </ul>
<p><span class="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.</span></p> <p><span class="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 &lt;https://www.zfnd.org/blog/community-sentiment-collection-poll/&gt;, 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 &lt;https://forum.zcashcommunity.com/t/staked-poll-on-zcash-dev-fund-debate/34846/71&gt;, 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.</span></p>
<section id="rationale"> <section id="rationale">
<h3>Rationale</h3> <h3>Rationale</h3>
<p>Provisions that referred to specific block heights have been revised since they were inconsistent with the change in block target spacing <a href="#zip-0208" id="id3" class="footnote_reference">4</a> that will occur with the Blossom Network Upgrade <a href="#zip-0206" id="id4" class="footnote_reference">3</a>; and even if recalculated, fixed block heights would potentially be inconsistent with future changes in target block spacing.</p> <p>Provisions that referred to specific block heights have been revised since they were inconsistent with the change in block target spacing <a href="#zip-0208" id="id3" class="footnote_reference">4</a> that will occur with the Blossom Network Upgrade <a href="#zip-0206" id="id4" class="footnote_reference">3</a>; and even if recalculated, fixed block heights would potentially be inconsistent with future changes in target block spacing.</p>

26
zip-1008.rst
View File

@ -68,15 +68,25 @@ of the proposal.`
Specification Specification
============= =============
* The ECC's portion of block subsidy MUST be capped at their projected 1.1m USD * The ECC's portion of block subsidy MUST be 20%, until a block height
costs a month. corresponding to two years after the first halving, i.e. until October 2022.
* The ECC's portion of block subsidy MUST NOT be greater than 10% of total block * A to-be-specified fraction of ECC's portion SHOULD be used to fund the
subsidy of any one block. Zcash Foundation.
* This MUST end at a block height corresponding to two years after the first
halving, i.e. October 2022.
:editor-note:`The 1.1m USD cap cannot be specified as a consensus rule since :editor-note:`A previous version of this ZIP stated the following requirements:
there is no on-chain oracle for the USD price.` "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.`
Rationale Rationale
--------- ---------