ZCG gets too much ZEC. Here's our plan to fix that. 🛡️

[strahncryptography]

@strahncryptography

I don’t think paying all existing projects is an issue. It would simply end any additional funding into the pool, and completely restrict how spending can work from now on. ZCG will now have to work with a limited endowment (the $125M they have already received), manage its own investments responsibly, and radically be restructured.

All existing subsidies will stop with immediate effect, instead going to a staggered pool which has either an annual or a twice-yearly coinholder vote on whether to release to ZCG or not, based on ZCG’s pool condition and track record. If rejected, it always directly goes to the NSM, by default.

Grants get a program manager that is accountable, and champions ensure we always know who exactly is the person who brought it to ZCG.

Sound good?

What do you think of this?