Community Sentiment Polling Results (NU4) and draft ZIP 1014

[acityinohio]

@aristarchus

but acting out of fear of losing something is not the same motivation, because there is limited upside

Again I do not see how there is limited upside for employees in the proposal as it is written, as the ECC can choose to do what I’ve written above:

@acityinohio

In the current proposal, ECC receives 7656 ZEC per month subject to the cap. Let’s say the average exchange rate is $50 USD / ZEC when this starts…so we’re not close to the cap. In what I’m describing ECC would consider some amount of ZEC spent for a collective pool for employees every month. For simplicity let’s assume its $100k a month, which would be 2000 ZEC. The ECC would incur a cost of $100k against their cap to supply 2000 ZEC into this retention pool every month.

Again to keep things simple, let’s just say it stays at $50 USD / ZEC for a full year. Without any contracts you make to employees, you’d have 24000 ZEC in this pool which would not be subject to any cap, since you already incurred the cost to fund the pool early on.

Throughout the year, you hire 4 employees, and guarantee them each 4000 ZEC over a four year vesting cycle. You’d be able to guarantee they have the full rights to that ZEC since you already incurred the cost and couldn’t use that ZEC for any other purpose .

And if the cap is too low to provide employee upside there is a method to raise it, which requires ZF and community approval.