๐จZCASH CO-FOUNDER PROPOSES CUTTING OFF COMMUNITY GRANTS FUNDING!
zcash:native co-founder
@ebfull published a draft ZIP to end the automatic 8% block subsidy going to Zcash Community Grants and redirect it to the Network Sustainability Mechanism, where the coins stay out of circulation.
He says ZCG already holds roughly $125 million after commitments and was never designed to manage that scale.
The proposal comes one day after backlash over a ZECsy grant used for an adult-industry convention demo.