Absolutly! IF you see that the distribution is towards everything else but not max-ed on development/R&D/Adoption/Marketing than people ask them why to finance/sponsor just the wealth of individualts/companies???
As you mention “users” have an issue it seems the foundation is absolutly ok with it.
I will make an estiminate these days when i have a bit more time on how much in US$ the Founders Reward so far is and how much it will be in total end of 2020. A vague estiminate without proper calculation let me believe it will be in the range of $200,000,000, i even think at least.
Why extending the founders reward, just make a re-organization and re-distribution of the current Founders Reward. Shift some funds from individuals/profit into strategic reserves and development.
I can’t see any attempt of ECC towards self-improvement but just asking that miners again give a share of there anyway unprofitable and risky mining operations. Seriously?
Here some free ideas how you could raise some funds:
- 0.9%, meanwhile, or 2,033 ZEC per month, is going towards Zooko alone
- Zooko can voluntary cut his share from 0.9% to 0.1% for example. (that’s as much as the 34 others get). Pretty sure he is compensated enough by Tezos and the other projects he works on.
- 3.4% of the total supply is going towards 34 employees
- That’s 0.1% per employee or ~226 ZEC per month. At todays price of ~US$70 means US$ 13,560 for each employee per month. Cut that at around 50%.
14.2% is allocated to 44 employees, advisors, and founders
- Not sure if these 44 people include the advisors and founders or not. At 44 people this makes 0.323% or 730 ZEC or $51,100 per month per person (in case they are 44!). Just take from here 10% as a strategical reserve for the period after the Founders reward expires. Should be good for a longer time if you allocate them for the next 18 months.
- 3% is going to the Zcash Foundation (6,563 ZEC per month)
- 2.8% is going to the Zcash Company (6,125 ZEC per month)
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With the above savings these % for the Foundation/Zcash Company would increase and if put into a strategical reserve be good for at least another 2 year (hopefully).
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Make some extra bucks from Bitmain and Innosilicon. Something like an Asic-Tax as these 2 exclusively sell their hardware. Nothing more easy than getting funds from them for staying on asics. This should have be done allready when we had the asic discussion. But still not too late if they want to sell there hardware for equihash Zcash.
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Make a hybrid consensus adjustment. Either Asic-POS if Bitmain/Innosilicon agree to “fund” development or GPU-POS if they refuse. Foundation and Company can stake their holdings than and have funds from staking rewards for development. Still something. Would have as well a nice side effect that the foundation/ECC have an incentive to really long hold their funds/holdings.
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Change the whole issuance and inflation rate, this would lead to a less price loss, thus making the remaining Founders Reward worth more in US$. Mostly too late for this with the slow NU approval process.
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Instead of cutting PR/Marketing spend some more. Again every single dollar price increase reflects as well on the founders reward and funds available. Someone can anyway only wonder how this one seems on the last priority list while it should be highest priority even for ECC/Foundation themself. Higher price => More US$ funds for development.
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Sell a stake of Zcash to someone willing to invest. As you guys/girls seem to have good connections to JP Morgan, maybe they are interested.
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Cut some costs with outsourcing. Seems 99% of the team, if not 100% are all US or western based with huge wages/saleries. Pretty sure some work can be outsourced for way less cash…
Just some ideas/proposals. If everything has been tried and later some funds are needed than it would be the moment to ask for an extension of the founders reward or something to replace it. But it doesn’t seem there is much initiative so far from ECC to cut the own ZEC/Cash flooding …