There will be a poll (actually, likely multiple polls) of ZCAP.
The first poll could look something like this.
NB: This forum poll is purely a strawman proposal to stimulate discussion and invite feedback regarding how a ZCAP poll might be structured. You can vote in this poll if you like but your votes will be public, and the results will not be in any way binding.
- 0% (i.e. there should be no new Dev Fund)
- 0-15% (i.e. more than 0% but less than 15%)
- 15%
- 15-20%
- 20%
- 20-23%
- 23%
- More than 23%
Unless a clear majority of respondents voted for one of the single options (i.e. 0%, 15%, 20% or 23%), this poll question would serve to narrow down the options that would be presented in a second poll.
- 1 year
- 2 years
- 3 years
- 4 years
Again, if there is no clear “winner”, the option(s) with the lowest support could be dropped in a subsequent poll.
- Yes
- No
@GGuy: We would need to link to a description of just the declining issuance element of your proposal, which would need to describe how it would interact with the issuance smoothing proposed as part of the ZSF.
- Bootstrap / ECC
- Financial Privacy Foundation
- QEDIT
- Shielded Labs
- Zcash Community Grants program
- Zcash Foundation
- Zechub
Have I missed anyone off that list?
The organisations/programs that garner >50% approval could then progress to the next stage, which would be to determine how the new Dev Fund should be split.
Anyone who wants to express support for a specific proposal would vote as follows:
| GGuy’s proposal | Noamchom’s proposal | JGx7’s proposal | Josh Swihart’s proposal | |
|---|---|---|---|---|
| Answer to Q1: | 23% | 15% | 20% | 20% |
| Answer to Q2: | ? | 4 years | 4 years(?) | 1 year |
| Answer to Q3: | Yes | No | No | No |
| Answer to Q4: | Bootstrap / ECC, ZCG, ZF, QEDIT | Bootstrap / ECC, ZCG, ZF, QEDIT, Shielded Labs | Bootstrap / ECC, ZCG, ZF, QEDIT | Bootstrap / ECC, ZCG, ZF |
The same poll would likely include questions that ask
- whether the community approves of adding ZSAs to the Zcash protocol (and there may be some additional questions relating to ZSA issuance and transaction fees), and
- whether the community approves of the various elements of the proposed Zcash Sustainability Fund:
- smoothing issuance,
issuing all unissued ZEC into a ZSF pool thatchanging the way unissued ZEC is accounted for so that the unissued balance (ZSF_BALANCE) can be added to (e.g. by GGuy’s proposal), and- diverting a % of transaction fees to
the ZSF poolbe added to ZSF_BALANCE.
@aquietinvestor: Does that cover the different aspects of the ZSF proposal?
Depending on the outcome of this first poll (e.g. this might all be moot if everyone votes for 0%!), a subsequent poll would seek to:
- reach consensus on the size and duration of any new Dev Fund,
- determine how the Dev Fund should be split amongst the recipients,
- confirm the details of declining issuance (if it’s approved),
- decide how the ZCG/Major Grants program should evolve (if it’s selected as a Dev Fund recipient), and
- cover off any other Dev Fund-related details, such as
- strengthening the requirement that any software whose development is funded by the Dev Fund be released under the Apache and MIT licenses (to avoid any future BOSL-style debacle),
- clarifying and strengthening the Transparency & Accountability requirements to avoid a situation where a recipient promises to publish the relevant information but then refuses to do so, or disputes the definition of what’s required by the ZIP, and
- anything else that arises from the results of the previous poll.
As I’ve stated above, this is a strawman proposal. It’s not intended to be perfect and final. It’s intended to invite constructive feedback. ZF has been criticised in the past for the wording of ZCAP polls; this is me listening to that criticism and trying to do better by making the process of designing these polls more open and collaborative.