@fabrice You're right that constant grant-hopping is fragile, and I don't see it as a perfect endgame. However, my point about “healthiness” was less about financial stability and more about the alignment of incentives.

VC money inevitably demands a return on investment, which often leads to extractive business models down the line. I'd rather deal with the administrative “fragility” of public funding than the structural “shackles” of venture capital that might eventually compromise protocol neutrality. AT Protocol's rapid development is impressive, but for me, who owns the infrastructure is just as important as how fast it's being built.

@hongminhee Fair points overall, but it's not just administrative fragility that comes with grants funding: it's constant overhead for builders, burning out, things that never even start.