There are no other organizations that are non-profit in the Zcash community that have the infrastructure and reputation to handle the funds. If you’re a blockchain project that starts with a block reward try to retain it. Ethereum recently underwent some block reward funding proposals, but they have faced major disagreements and backlash from community members primarily because there is disagreement of if the money is needed and who decides who gets the money. The only way to feasibly have one is to launch the blockchain with one. The block reward funding is a unique way to sustain a blockchain protocol’s development. Where I currently land (I wrote this part around August 2019) before diving into the ZIPs is that the Zcash Foundation should get 20% of the block reward and decide if they want to hire organizations like Parity and the ECC for development. The ECC response seemed to basically say we need to explore the non-profit route and seemed to attempt to be very politcally nuetral in their messaging in the post. After reading the Zcash Foundation article that asks that the ECC become a non-profit I thought that was a neat idea. I never really personally dug into the logistics of the ECC but had familiarity with their dev work and that they hire top notch folks.
Once I read Jame’s piece I started to question how well the ECC has been managed. Zcash Foundation piece asking for ECC to be non-profitīefore I read any of the above, I thought the following should happen:Ĭut off rewards to investors and foundersĢ0% of the block reward should be split between the ECC and Zcash Foundation because they have both done an excellent job being stewards for Zcash I have read or skimmed the following before I really dug into the ZIPs: I consider Ethereum and Zcash besties <3 Pre-Research Viewīefore I started reviewing the ZIPs and community feedback, I wanted to formulate an opinion based only on what I had read so far and personal opinions. I am on the Zcash Community Advisory Panel that will be polled (for sentiment collection) by the Zcash Foundation regarding NU4 proposals (dev fund proposals). I hold a number of roles in the wider Ethereum ecosystem including EIP (Ethereum Improvement Proposal) Editor, Reddit moderator, Ethereum Cat Herders group co-founder, and core developer liaison responsible for organizing the bi-weekly Ethereum core developer calls. I work for the Ethereum Foundation in a role for devops and community management. My name is Hudson Jameson and I am a cryptocurrency enthusiast who is involved in both the Ethereum and, to a lesser extent, Zcash community. I hope the community comes together on this. I’m proud to be a part of the Zcash Foundation Advisory Board and I take this decision very seriously. I have turned this into a post on the Zcash forums. I spent the last two days going over every dev fund proposal and writing my thoughts.
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