NDAO-0000 burn unused treasury funds

[phroi]

For anybody who may have trouble discerning the context of this discussion:

1. Here we are discussing CKB Treasury, a component of CKB secondary issuance.
2. As long as the treasury is not activated through hard fork these CKBytes are burned (quote from that @Alejandro.bit’s article).
3. At the moment, CKB Treasury and Community DAO are two completely separated concepts, Community DAO funds were donated by eminent contributors.

@matt_ckb

if we allow on-chain treasury funds to accumulate, it will become a honeypot for hijacking governance. […] If no recipients have been approved through governance to receive CKB at that block […], the CKB isn’t issued and all holders effectively win through reduced issuance.

Over time governance hijacking could become a very real threat, so I fully support to set in stone this CKB Treasury Meta-Rule.

@matt_ckb

Treasury recipients queue up, and as treasury CKB is issued, it goes straight to recipients (or is placed in a cell they can claim from) until their proposal has been paid out.

By any chance, is there any reference implementation to take a peek at?

I’m especially referring to historical materials that were produced around the time of the Nervos Genesis Block and Whitepaper.

Love & Peace, Phroi