Zooko and Sean Bowe Back Plan to Pull 50,000 ZEC From Zcash’s Grants Treasury

Zooko and Sean Bowe backed a proposal to pull 50,000 ZEC from Zcash's grants treasury, ending the 8% block reward cut for community grants. The move would send about $61 million to a reserve for future miner payouts, coming a day after the grants committee floated a gradual taper.