Dev Fund Consideration

Governance
1

For those involved in writing ZIPs, or potentially receiving funding, I urge you to read the following carefully.

As I’ve mentioned previously, we believe everyone receiving or potentially receiving funding from the protocol should obtain legal counsel and advice, and we would contact ours regarding dev fund structures and share any feedback here, to the extent we are able.

After our internal work, we maintain that continuing a direct funding model is not in the best interest of Zcash and its community. Instead, if the dev fund is to continue, it is important to move to a more decentralized funding model as soon as possible (within months, not years) with a clear roadmap on how we’ll get there.

ECC has stated that it recommends moving to a non-direct model but that we would continue to receive direct funding for up to a year to work with the community on the design and implementation of a non-direct, grants-based model. We cannot accept direct funding beyond that window and maintain that no one should. If there is no mandate to move to a non-direct or grants-based model, our position is that the dev fund should expire as planned. We strongly encourage the Zcash community to move deliberately and decisively toward greater decentralization to reflect the greatest breadth and diversity of participants and consider its options carefully.

18 Likes
3

Why talk out of both sides of your mouth?

What is possibly gained from 1-year of more subsidy ZEC? (unlikely to even total $4 million dollars)

It’s time to read the writing on the wall, the block subsidy has already run far beyond its functional life.

What is possibly gained by sinking the engineering efforts in, and taking on the regulatory risks, of hard coding the ECC and ZF back into the Zcash protocol for another 12 months?

This ought to be about more than money at this point in time.

Zcash has been looking into the abyss for long enough.

Let’s undertake something courageous.

Let’s pull ourselves up by the Bootstraps (not the shell corporation controlling ECC, btw).

Let’s build something radical.

Let’s build something bigger than a couple of American 501cs.