With all of the dev fund talk, has anyone considered having ECC, ZF and ZCG put forth possible budgets for what they think they would need over the next 4-year cycle and then evaluate a funding strategy based on that? Seems like everything to date is X% based on some very subjective approaches. ZCG already kind of does this with their dashboard, but I really would like to see ECC and ZF say ok assuming the coin is at $30 (example), we would need this percent slice to cover our operational costs. At least then we’d have some line in the sand to work with. Be conservative with everything.
I agree. I tried really hard to get this but wasn’t able to get anyone to put there name to anything. I did this about a year ago so it’s already outdated. I shared this doc around with people privately and did get feedback so it shouldn’t be completely useless. It’s not 100% accurate or complete but at least it’s something I was able to roughly base my proposals on. (Tip: if the formatting is off like in a phone put it in print view )
When I tried to calculate this about a year ago the whole ecosystem would cost ~$60m from start of 2024 to end of 2028. This would mean if we continued the 20% Dev fund post halving the ecosystem would be short about $20m assuming a conservative 30% increase in the ZEC price each year. The document and calculations are now outdated and doesn’t include things like QEDIT’s latest proposal etc but it’s useful for me as a rough guide.
To be clear my proposal is based on my estimates above, real USD based funding requirements from each organisation. But I believe I’m the only one to have done this to date.
The concerning part here is that most organizations do this as part of a regular budget cycle. I don’t understand why these orgs can’t do the same thing.