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Replace the burn mechanism with grant funding 

Thanks @tromer for the extended discussion on today's Foundation grant
system!

More details on some issues with burn were discussed on the forum https://forum.zcashcommunity.com/t/protect-the-integrity-of-the-monetary-base-supply-schedule/35283/11
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Matt Luongo 2019-11-15 00:05:26 -05:00 committed by Daira Hopwood
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@ -16,10 +16,9 @@ managing new Zcash development, decentralizing those development efforts, and
resolving governance hangups between the Zcash Foundation and the Electric Coin
Company.
These goals are accomplished via a 20% dev fee, enacted in NU4, as much as half
of which is burned in the case of a robust ZEC price. This fee will fund a
diverse group of development teams to ensure Zcash maintains best-in-class
research and engineering talent while growing a robust ecosystem.
These goals are accomplished via a 20% dev fee, enacted in NU4, This fee will
fund a diverse group of development teams to ensure Zcash maintains
best-in-class research and engineering talent while growing a robust ecosystem.
Motivation
==========
@ -253,14 +252,18 @@ burned in case of extraordinary growth in the price of ZEC.
The Foundation shall receive 25% of the dev fee. If the volume-weighted average
price of ZEC over the month means the foundation would receive greater than
$500k that month, the Foundation shall burn enough ZEC such that their max
benefit is
$500k that month, the Foundation shall set aside enough ZEC such that their max
monthly budget is
.. math::
MaxBenefit(RewardDollarAmount) = Min(500000, 500000 * \sqrt{\frac{RewardDollarAmount/500000}})
Capping the monthly upside of the Foundation will limit growth, while
The excess ZEC should be purpose-restricted to the Foundation grants program,
ensuring the funds are earmarked to grow outside community talent and
involvement.
Capping the monthly expenses of the Foundation will limit growth, while
encouraging fiscal discipline.
The remaining 75% of the dev fee shall be distributed between development teams
@ -273,8 +276,6 @@ working to maintain clients.
* The remaining two thirds of the fee (50% of the total), called the "outside
development fee", shall be distributed between at least two development teams,
chosen semi-annually by the Foundation, coinciding with network upgrades.
Unlike those of the Foundation and principal developer, these allocations
aren't affected by market conditions, and don't carry a burn requirement.
Prior to each network upgrade, the Foundation shall recommend a list of
addresses and a total number of ZEC per block each address is meant to receive