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  1. Usually anonymous donations are a small % for us. In 2025, we did get a large anonymous-to-us donation which accounts for the higher % this year.
  2. Agreed, it just gets wordy to put that in each time so something we use "Brink engineers" shorthand, but yeah, in isolation that sends the wrong message.
  3. I wrote a bit on Brink's governance here: https://x.com/bitschmidty/status/1967233629618065709 But we never had a detailed piece on this. Ultimately it is up to individual grant committee members, who value positive-impact-to-Bitcoin as the primary driver. Additionally, grant committee recommendations are not binding and the board needs to ultimately approve as well.
  4. See above for some of this. We have not had issues with donors trying to exert any influence, but that would be resolved by the board if it came to it. Grantees have very favorable clauses in terms of being able to terminate with Brink on short notice so they can drop us if we misbehave.

Probably more here, but hope that helps.