Pool Retirement
summary
Proposal defines a deterministic pool lifecycle: new pool active 24 months, then a 6‑month closing period (no ingress), then a penalized phase where an exit fee ramps to 100% exit fee to drain remaining balance, allowing deletion of the pool and code. Zcash already disables Sprout ingress; the plan uses turnstile accounting to track pool totals and charges a legacy hosting fee on exits, with fees directed to miners or a posterity fund. A separate option creates a new pool every 12 months to standardize upgrades and UX.
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chapters (11)
- 0:00Start
- 1:59Why Do We Want a Simpler Protocol
- 13:26What Is Pool Retirement
- 16:13User Persona
- 21:58Uber Circuit
- 47:17Downsides
- 50:28Principles and Social Contract and Consent
- 56:29Where Should the Fees Go
- 56:45The Zcash Posterity Fund
- 56:59Summary of What Is the Posterity Fund
- 58:46Can Transparent Addresses Still Be Used for Long-Term Storage
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