Another Split Proposal
Below is another alternative to the fund as proposed by @david in keybase chat
- 25% to Grin++ fund - 3 of 5 with members chosen by Tavarez & Myself, approved by the council. Funds focused on Grin++ development, documentation, testing, etc.
The Grin++ team would have full autonomy to manage the funds (public funding requests optional, not required), with some kind of quarterly financial transparency reports.
- 40% remaining to Council - Focused on Rust core codebase. This includes development tasks related to the rust core implementation, documentation, etc. & potentially research projects of interest (bulletproofs+, zk-rollups for IBD, etc.)
The council would have full autonomy to manage the funds (public funding requests optional, not required), with some kind of quarterly financial transparency reports.
- 35% remaining to Grin community/ecosystem fund - 4 of 6 with 3 members from the council & 3 from the community. Take volunteers for members. Final membership approved by council. (Possibility to rotate members?)
Funds focused largely on ecosystem projects (IronBelly, Niffler, Testnet Exchange, Coinswap, hardware wallet dev, etc.) & possible research & marketing (videos, whitepaper v2, etc)
At first start with public funding requests like today, but eventually move towards something like @joltz is suggesting to manage the fund
Feedback on this proposal can be tracked here and in @grincoin#community_fund keybase