We collectively discussed ECC and ZF public statements on various proposals, addressing concerns about possible favoritism.
ECC employee responses:
1, 2, 3, 4, 5
ZF employee responses:
1, 2, 3
Please note that statements by individual employees of ECC or ZF are not
necessarily the official positions of either organization.
My suggestions for combining several sets of similar proposals into single ZIPs.
ZIP guidance from
@nathan-at-least: Proposal authors, please read: Help making ZIPs
@sgp is organizing a livestream discussion: [Livestream Discussion] Future of Zcash block reward
I would like to invite Zcash community stakeholders to participate in a livestreamed video discussion on the future of Zcash’s block reward after ~November 2020. I have prepared a sophisticated financial model, so we can test various burn rates, block reward rates, and price volatility for different entities. Example entities could include the Electric Coin Company and Zcash Foundation, which currently receive a portion of the Zcash block reward.
Sarang Noether raised questions about the different financial scenarios:
Disclaimer: I (Dr. Sarang Noether) am neither a previous nor a current recipient of any Zcash development fee, and I have no financial ties to either the Electric Coin Company or the Zcash Foundation. I am funded through the Monero Community Crowdfunding System to conduct independent cryptographic research. My views are my own, and do not represent those of any other person or group.
I see there being two distinct questions regarding ongoing funding, and they should remain separate.
(Sarang’s post is a separate thread, outside of the megathread, but highly relevant.)
I sorted the 13 proposals into Active, Pending, and Inactive categories, based on whether each proposal has an advocate to champion it through the ZIP process.
@zooko on Twitter:
A catalog of the major results that the Electric Coin Company has delivered to the Zcash community over the last three years:
This is in the context of the Zcash community deciding whether the “Strategic Reserve”/“Dev Fund” was a good use of funds.
People have started
using the hashtag #ZcashDevFund on Twitter to discuss the future of Zcash.
ECC published a statement on Zcash dev funding sustainability. In particular, please note these details:
ECC will release assessments of each proposal submitted to the
Zcash Community site. We will first work with authors or champions on these proposals in order to formalize them into PreZips (pre Zcash Improvement Proposals) and ensure they reflect the author’s intent. Proposals might include non-funding mandates, such as Aristarchus’ mandate for a voting mechanism.
Each PreZip must have a champion who is the author and/or someone willing to advocate for the proposal. The ECC will then draft assessments of each PreZip that will include how its adoption would impact ECC funding, how we believe it would impact the Zcash project, and how the company would likely respond if such proposal was adopted by the community. We are likely to advocate for proposals which would allow ECC (or another organization in its place) to continue the kind of ambitious, strategic and integrated operations that we’ve demonstrated in the first years of Zcash.
It’s amazing to see the diverse Zcash community participating in the conversation about a potential Dev Fund with such zeal.
Thank you all for participating!
Within ECC we’ve been hard at work to clarify our general position with regard to development funding, and to that end we recently posted the Electric Coin Company Statement on Sustainability. My goal with this post is to highlight the timeline and next steps for how ECC plans to engage with the proposal advocates, which i…
You can watch the livestream discussion hosted by
@sgp on YouTube:
This implies that the foundation could possibly be the recipient of a mandatory development fee but not the ECC or any other for profit
Yes. This is our request / requirement for any
mandatory dev fund, where the opt-out is “don’t run the software / don’t use Zcash,” rather than “run the software and decide not to contribute to a dev fund.”
By contrast, with a “miner’s choice” arrangement, the Zcash Foundation is comfortable with for-profit entities directly receiving protocol-based dev funding.