Home Blockchain Ethereum Classic (ETC) Treasury Roadmap Call – Initial Discussions Scheduled August 13, 2020

Ethereum Classic (ETC) Treasury Roadmap Call – Initial Discussions Scheduled August 13, 2020

ETC Treasury roadmap Ethereum Classic

On Thursday, August 13, 2020, 3pm UTC, 60 minutes max there is an ETC Core Devs Call.  The call will be for Treasury Roadmap Discussions.

The Proposed Agenda for the Discussion: “1.  Quick client teams check-in: Core-Geth – ETC Labs;  Mantis – IOHK; Hyperledger Besu – ETC Coop/ChainSafe; 2.  IOHK Proposal for an Ethereum Classic Treasury; 3. Gather Community feedback on Proposal via Q&A. 4. Measure Rough Consensus to determine if IOHK will move forward with making an ECIP for the ETC Treasury.”

The call will be at Ethereum Classic Discord https://discord.gg/dwxb6nf #ecips channel. It has been stated that they will use/create a voice channel ad hoc.

Yazzy Yaz when commenting in this regard stated, “This is a call only about the treasury roadmap. Any proposals for dealing with 51% attacks have to be on a separate call.  Any questions related to the treasury can be asked here and I will ask them in the call if needed.”

Of note, a rough Roadmap has been introduced by Charles Hoskinson from IOHK.  This discussion is open and the decision time frame is provided for until August 14, 2020.

Giulio Pezzulli, Cofounder and developer of AITutor opined, “Really hope you go for IOHK, especially after watching Charles proposed solution video. Could be a fantastic roadmap for ETC.”

Sydney Ifergan, the crypto expert in this regard tweeted:  “Will Ethereum Classic take the roadmap for ETC from Charles Hoskinson.  Will Bob Summerwill Agree?”

Ethereum Classic (ETC) Bob Summerwill Concerns

in 2019 there was expressed a broad consensus that changing the block rewards to add treasury model is unacceptable. This runs counter to ETC philosophy and principles and should be rejected. (source: https://github.com/ethereumclassic/ECIPs/pull/229)

Many of them are looking for clarity on what event changed this consensus and at what point in time? They also pointed to how they have been discussing something that is already rejected dozen of times proposal again?

One of the members of the Ethereum Classic community have given references to past discussion references concerning the topic:

  • 2017: A Proposal for An Ethereum Classic Treasury System – IOHK Proposal
  • 2017: Let’s Talk ETC! (Ethereum Classic) #10 – Charles Hoskinson & Roman Oliynykov – Treasury Proposal – IOHK Proposal
  • 2017: ETC Community Fund
  • 2018: ECIP 1051: Ethereum Classic Treasury system – Dexaran Proposal
  • 2018: ECIP 1051 Discussion: Ethereum Classic Treasury system – Dexaran Proposal
  • 2019: ECIP-1051: Reject Ethereum Classic Treasury system – Dexaran Proposal
  • 2020: ETC at Crossroads – IOHK Renewed Proposal
  • Example: A brief history of GnuPG: vital to online security but free and underfunded – Tragedy of the Commons example
  • 2020: Bailout? – IOHK Follow up
  • 2020: Ethereum Classic Treasury Roadmap Call: Initial Discussions.”

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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