Network Sustainability Mechanism (NSM)

Technology
77

I am for fees/gas the are designed to support the blockchain and ecosystem in a highly decentralized manner. Paypal exists because the US goverment doesn’t even try to come up with the solutions people can create on their own. Ethereum also appears to have a highly decentralized model. Push as much as possible to self funding and development as possible to 3rd parties and give them an incentive to build. Internally focus on the core blockchain.

This makes sense for a portion of the fees. But to really open up the network, don’t the developers of applications need a way to generate and earn fees from the products they create? Development needs to be largely decentralized with condition being that the fees a developer gets are connected from ZEC or ZStablecoin transactions their application generates. This still sounds like centralized funding and development. Isnt it?

I would like to see the fee splits more like below or to use Ethereum as a model as it seems to work very well; but instead of a burn, the amount otherwise used to burn can be used to buy ZEC and return to ZEC holders as yield.

  1. 15% -Core Blockchain Development and SDKs for 3rd party developers to use
  2. 5% Grants / Co development funding combined with clear fee/gas mechanisms for 3rd party developers to understand how they make money to take on the risk of developing on top of the blockchain.
  3. 30%% - ZEC holders/POS earn ZEC as yield.
    4 50% - 3rd party developers directly tied to transactions they create. This is meant to incentivize people to fund and create use cases they see throughout the world. The world is too big for a centralized development fund to manage and dispurse and ensure the money is well spent. Centralization encourages a certain amount of fraud. Decentralization isn’t creating more entities. Its letting an unlimited number of people create on top of the blockchain to pursue their vision on top of Zcash blockchain and having a clear understanding how they make money to risk their money, time and effort. Its a win/win for everyone.

I have put together a poll to gauge interest in moving harder and faster on stablecoins and improving ZEC economics. Please take a look and vote.