This was proposed by user kek on the Zcash forums. They are unable to continue
with this proposal due to real life stuff. They have asked me to act as advocate.
I am pushing this ZIP forward until kek gets time and would like to come back and
take over.
Signed-off-by: Daira Hopwood <daira@electriccoin.co>
This was written up by @mistfpga, but this is 100% lex-node's proposal.
I have taken some liberty when addressing comments; lex-node seemed happy
with my answers.
Signed-off-by: Daira Hopwood <daira@electriccoin.co>
The word "genuine" has been dropped from the title to make it more value-neutral.
Also "protocol-level" has been dropped since it is unclear whether or not the
proposal requires consensus protocol changes. Editor's notes have been added.
Some references to the Zcash Foundation have been changed to also include ECC,
since that seems to reflect the author's intent per
https://forum.zcashcommunity.com/t/final-zip-proposal-genuine-protocol-opt-in-out-donation-feature-updated-02-sept/33846/24
Signed-off-by: Daira Hopwood <daira@jacaranda.org>
Thanks to:
* Sonya for her extensive help with this.
* Nathan, Daira and Str4d for their extensive feedback.
* Everyone else on the forum and ECC/Zfnd that helped me with this.
Co-Authored-By: Sonya Mann <sonya@zfnd.org>
Co-Authored-By: Nathan Wilcox <nathan@electriccoin.co>
Co-Authored-By: Daira Hopwood <daira@electriccoin.co>
Co-Authored-By: Jack Grigg <str4d@electriccoin.co>
Signed-off-by: Daira Hopwood <daira@electriccoin.co>
Thanks to:
* Str4d for the help with the specification.
* Daira for pointing out issues with my interpretation of how the current FR/ECC structure works.
* Sonya for her extensive help with this.
* Everyone else on the forum and ECC/Zfnd that helped me with this.
Co-Authored-by: Jack Grigg <str4d@electriccoin.co>
Co-Authored-by: Daira Hopwood <daira@electriccoin.co>
Co-Authored-by: Sonya Mann <sonya@zfnd.org>
Signed-off-by: Daira Hopwood <daira@electriccoin.co>
* Dev Fund will last for 4 years, and terminate at the 2nd halving in 2024, rather than continuing in perpetuity.
* Forbid ECC equity holders from serving on Zfnd's Board of Directors.
* Zfnd should formally integrate robust means of decentralized community voting into its Board of Director elections by 2021.
* Major Grants are no longer limited in duration, and can be ongoing, but have semiannual review points.
* Require ECC and Zfnd to publish "grant proposals" and reports that are at least as detailed as other Dev Fund recipients.
* Strive for metrics and KPIs in funding decisions.
* Clarify that Volatility Reserve investment profits stay in it, and remove the investment constraints.
* Discussed profit-sharing provisions in grants.
* Another grant priority: supporting ecosystem growth.
This structure makes it clear that the Foundation isn't "paying" the dev
fee recipients -- a logistics mess -- and instead recommends changes per
network upgrade.
... while heavily favoring formal board experience.
A board stacked with researchers isn't representative and is unlikely to
have the leverage it needs.
mistfpga
Daira Hopwood
Eran Tromer
Eirik Ogilvie-Wigley
Matt Luongo
Za Wilcox
Jack Grigg