Zcash Funding Bloc : A Dev Fund Proposal from Josh at ECC

Keep them coming!

My thought is that each key holder is responsible for making their own determination. If they don’t believe that the requirements have been met, they can chose to withhold payment my not signing for the release of the payment. Once a majority has signed, the payment is sent to the grantee.

In theory, anyone is allowed to submit a grant. For major grants, it’s likely that US regulated orgs with signing keys would require KYC. This is would different through minor grants (ZCG) and/or other key signers.

If a signer does not believe that payments should be made, they don’t sign. If the majority doesn’t sign, the grantee isn’t paid.

It means that nothing is funded and the fund coins accumulate until something is agreed upon.

Yes, the idea is that someone request a vote and the other signers vote on whether to remove another signer. Same for adding a new signer.

Right now, this is just an idea to explore, so adjustable. If this was implemented, it could be adjusted by a consensus change if the community desired to change it.

I hope that helps clarify my thoughts. Happy to hear thoughts from you and others.

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