Of course grants distort the market, that is their purpose. People giving money have preferences, or at least grantees try to guess them and act accordingly, even subconsciously.
I really like this trend of people thinking more deeply about it. There is an important control given to the granters.
Philanthropy is tainted with money/power dynamics, even with good intents, which I don't assume.
Unfortunately the more funded bitcoin projects are in the spotlight, the less non-funded projects are.
There is also the possibility of hiring great talents uniquely to keep them busy so they cannot create a rival project.
Of course grants distort the market, that is their purpose. People giving money have preferences, or at least grantees try to guess them and act accordingly, even subconsciously.
I really like this trend of people thinking more deeply about it. There is an important control given to the granters.
Philanthropy is tainted with money/power dynamics, even with good intents, which I don't assume.
Unfortunately the more funded bitcoin projects are in the spotlight, the less non-funded projects are.
There is also the possibility of hiring great talents uniquely to keep them busy so they cannot create a rival project.