Grayscale Funding, ETC DAO, Bitcoin Conference

Description

A casual voice chat to discuss ideas for ETC. All are welcome.

The ETC Discord can be joined at https://ethereumclassic.org/discord

Please join us in the #community-calls channel to ask questions or bring up topics.

Agenda

• Grayscale funding of the ETC Cooperative came to a close
• ETC DAO https://gitcoin.co/grants/412/ethereum-classic-dao-defi-stack
• https://github.com/classicbook/classicbook
• werner “by the way, after the keep/remove call, i left a list of issues that need addressing: https://github.com/ethereumclassic/ECIPs/issues/394 as far as i can tell, no reaction so far. if anyone feels they need to work off some excess energy, that may be a good place to start.”
• Bitcoin Conference 2022
• PoW, Stablecoins and recent inovation on L2
• The benefits of mining for energy grids
• Is BTC maximalism affecting inovation in the crypto space?
• Free Talk!

Notes

I had seen a couple of questions here about Grayscale and funding.

I can confirm that Grayscale funding of the ETC Cooperative came to a close at the end of March, as expected, and as I signalled was likely many times over the past few months. So as of April, we are do not have any ongoing funding, but are sitting on $5M+ USD and several hundred thousand dollars worth of ETC.

As an aside for any ETCG holders (and as noted by somebody earlier) the fees for that fund have now dropped from 3% to 2.5%, which brings them in line with most of the other Grayscale funds. And ETCG, like the other funds, it remains on track for eventual conversion to an ETF.

… Total spend for ETC Cooperative in 2021 was just under $500K.

Budgeted spend for ETC Cooperative in 2022 is $1.6M (we have added the Core-Geth developers since 2021 and have budget for a further three hires during the year, plus a grants program).

We are sitting on over $5M USD and several hundred K worth of ETC.

So the burn rate likely sees us with around 4 years of runway.

• Bob Summerwill, ETC Coop Director, on ETC Discord

Timezones

ETC Community Calls Recordings

https://www.youtube.com/channel/UCp07VPnC1ejyAp5gMvvA4dw/videos