Alongside the upcoming ZCG election, I’d like to raise the issue of ZCG committee member pay. All of us Zcash users and ZEC holders rely on the committee to make exceptional funding decisions to support the continued adoption of Zcash and the value of our ZEC.
In my time as ecosystem security engineer, I’ve learned that it is truly a full-time job just to stay on top of all the goings-on in our community. ZCG members have to do much more. Not only do they have to stay on top of all that’s happening in the Zcash world, they need to understand what’s finding success in the wider cryptocurrency space, do deep-dives into grant proposals to understand if they’re good bets, and be forward-thinking to write RFPs that help our ecosystem grow.
These are the kind of skills you’d find in people who are CEOs, board members, technical engineers, and successful fund managers. As such, I propose we make the roles full-time and increase their pay to at least $100,000 USD/year. Given the amount of funds being managed and the importance the committee serves to our community, I could even argue for higher pay, but let’s start here.
With the recent ECC layoffs, this feels all the more urgent.
What do y’all think? Would this be a poor use of funds? Would it help attract incredible people onto the committee? Would you be more likely to run for a seat or retain your seat if this kind of funding was available? Do you think it would lead to better or worse grant funding decisions?
(Disclosure: I’m a ZCG grant recipient, but you shouldn’t fear bias with regard to that as I’ve expressed this opinion previously, before I even considered applying for a grant.)