ETC Weekly Newsletter : Treasury Proposal

February 20, 2017 by Carlo V

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The biggest story from the past week is the treasury proposal released by IOHK. Also, I wanted to let everyone know that the ETCathon, set to take place February 24th, 25th and 26th in Shanghai, has been delayed to a later date (TBA). Another reminder to everyone in the community about the whitehat withdrawal contract being extended. Also in the news recently, full footage released from the London monetary policy discussion and an inside look at IOHK’s Grothendieck Team meeting.

The other stories featured in this newsletter are listed below:*

Treasury proposal released by IOHK.

Treasury proposal has just been released by IOHK. Please voice your thoughts, opinions, and commentary.

ETCathon has been delayed.

The ETCathon set to take place later this week has been delayed to a later date (TBA).

Whitehat withdrawal contract has been extended.

“We want to give the community extra time to withdraw their share, so the funds will remain in the Withdraw Contract for an extra 2 months from today…”

London monetary policy discussion footage.

All of the footage from the London monetary policy discussion, which took place in December, has been completed and released for everyone to view.

Update from Charles Hoskinson.

Brief update from Charles Hoskinson discussing future plans and thoughts about the ETC platform.

New youtube vid from BitcoinMeister.

BitcoinMeister has been releasing a lot of great content every day, take a minute to check out his channel. In the video below he talks ETC and blockchain in general.

Interesting thread about advantages/disadvantages of PoS.

Check out the reddit thread below for some interesting commentary about PoS from various users in the blockchain community.

New unicode proposal.

Dr. Seberino found some gold when he was digging around looking at some of the unicode symbols, let us know what you guys think.

Interesting article from Nick Szabo.

Check out the article below for some interesting thoughts by Nick Szabo.

Various blockchain articles from coinidol.com.

Various blockchain articles from coinidol.com including an article about ETC.

Check out ETC.today!

Ethereum Classic Today! Your daily hit of ETC, Bitcoin, blockchain news and updates.

Let’s talk ETC! Tuesdays at 7:30pm EST.

Every Tuesday at 7:30pm EST we will be discussing what’s going on in the ETC community and beyond. The previous show (2-08-17), featured special guest Alan McSherry, who is the project lead of IOHK’s Grothendieck Team. A link to the channel will be posted below, if you have ideas or questions please let us know. Thank you for subscribing to our latest updates and announcements!

ETC Monetary Policy

ETC Monetary Policy Proposal by @snaproll is now officially out as ECIP-1017

“This ECIP proposes a solution to the Ethereum Classic Monetary Policy to adjust, with finality, the current emission schedule implementation of 14.0625ETC per block in perpetuity. The solution proposed introduces a theoretical upper bound on the maximum absolute number of ETC and introduces a method of degraded emission over time. In addition, this ECIP describes the requirements associated with maintaining this emission schedule through a potential change of the network’s consensus algorithm, from its current Ethash based Proof of Work to a possible POS or POW/POS hybrid model.” Please see the full post from github and reddit at the links below.

Monetary policy discussions are still in progress on many platforms. However, most of the conversation seems to be taking place on the #monetary_policy channel on slack. Please join us on Slack using the following link.

For more information on community participation please see this call to action post for guidance.

Ethereum Classic is looking for Rust & JS developers.

Igor aka Splix is looking for talented Rust and JS developers. Full time, remote. Experienced developers, which can lead projects, make architectural decisions and help other team members to do their job. Self motivated and able to work in a distributed team on Open Source software together with the community.

“Call To Action” still in effect. Looking for community contributions for the ETC Wikipedia page.

Reddit user “bitp” has brought it to the communities attention that the “Ethereum Classic” Wikipedia link currently redirects to “Ethereum”. ETC community member /u/FaceDeer was previously a Wikipedia editor and has provided some insight on what should be done moving forward. One of his recommendations is that we start the process by adding to the Ethereum Classic section that is currently on the Ethereum Wikipedia page. ETC can then be given its own page after volunteers have submitted enough info. Please see his full post in the reddit thread linked below.

Community Metrics

  • Twitter - 33K followers.
  • Reddit /r/EthereumClassic - 3,037 subscribers.
  • Slack - 1,794 users.
  • Telegram - 817 users.
  • WeChat - 480 users.
  • Miners - 915.73 Total GH/s

Top 5 miners by average hashrate from the previous 7 days.

  • EtherMine 278.89 GH/s
  • NanoPool 139.25 GH/s
  • NanoPool 128.35 GH/s
  • F2Pool 84.17 GH/s
  • Coinotron 30.56 GH/s

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