I understand your perspective, but I feel like posting rejections could have negative impact re: social signaling.

“If they passed they probably had a good reason, maybe we should pass also”

Nothing happens in a vacuum so it could hurt the potential grantee from being funded in the future.

Seems like a courtesy on open sats part to keep things confidential.

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Same issue in peer review for scientific literature, rejections aren’t public either for similar reasons