[ZIP Editor hat on.]
Thanks for raising this. When I merged the ZIP I added the following note:
[Editor note: The current distribution of the Founders’ Reward is dependent on arrangements between the participants that will, if not explicitly renewed, expire at the first halving. There are currently direct and indirect recipients other than the ECC and Zcash Foundation. It is unclear whether funding of the ECC and Foundation is intended to continue at the current absolute ZEC rate, or at the same rate relative to the block subsidy which halves in October 2020. Further specification would be needed in order to fulfil and clarify the spirit of the proposal.]
However, I hadn’t noticed the discrepancy between the GitHub version of the ZIP and the Foundation summary. The requirement that the ECC’s portion “not be greater than 10% of total block distribution of any one block” is present in the original GitHub PR 272.
There was an editorial change as follows:
- * The ECC’s percentage is capped at their projected 1.1m USD costs a month.
- * This number MUST not be greater than 10% of total block distribution of any one block.
+ * The ECC’s portion of block subsidy MUST be capped at their projected 1.1m USD
costs a month.
+ * The ECC’s portion of block subsidy MUST NOT be greater than 10% of total block
subsidy of any one block.
but I don’t think that change substantially affects this issue.
Note that the ZIP as it stands is not necessarily internally inconsistent — that depends on the resolution of the Editor note quoted above. If, for example, we interpret “Nothing about distribution recipients changes” as meaning that the proportion of the block subsidy that ECC and the Foundation actually receive does not change, then ECC’s current proportion is less than 10%. According to the Electric Coin Company Q3 2019 Transparency Report published on August 29, 2019, the ECC’s portion (“Electric Coin Co.” plus “Additional ECC Employee Compensation”) is currently 4.2%.
[Aside with ZIP Editor hat off: I wish that this statistic had been made much clearer throughout the process. I also wish it had been made clearer that 10% of the block subsidy after the first halvening in October 2020 is an equivalent amount in ZEC to 5% now. (Edit: @mistfpga did point that out above, but it’s relevant to all the other dev fund ZIPs as well.)]
In any case, I agree that the discrepancy with the summary in the Community Sentiment Collection poll blog post is a serious issue, that may have affected people’s votes. If we were to just change the blog post now, then it wouldn’t be clear to what extent people had already voted based on the previous summary. I will add another Editor note to the draft ZIP to point this out.