Where's the balance sheet that shows this.
Discussion
Open sats putting in over $500k per month as of 1.5 years ago, surely that's a fair amount higher now? And then HRF, and then VCs like Ten31 and Hivemind, etc. And Jack's latest $10m for andotherstuff to last a year or two. Could be well over $1m per month right now, mostly going to developer salaries. Maybe $2+ million, who knows? Money coming back in the form of actual income (subscriptions, etc) is a negligible fraction of that.
If the developers stop getting this funding then they'll find other work and the protocol will atrophy, become much smaller with fewer projects maintained by die-hards in their spare time. Happens pretty much every time mass initial funding dries up without healthy recurring revenue streams to take the place. So it's a real gamble right now.
All those grantees with zero long term plan whatsoever....
Like children that received their first pocket money.
On to the next uncle they can point their cute dev eyes at.
"It's for the common good, uncle!"
Low time preference, riiiiight? :padme:
Fuck welfare, riiiiight? :padme: