Last night, I spent hours translating a project's treasury expenditure report until my eyes hurt... As someone who treats airdrop tasks as storage, I start to get anxious whenever I see "budget - time - deliverables" that don't match up. What's more ridiculous is that the community is still arguing over whether privacy coins/mixing coins count as "justice," to the point where no one even reads the development weekly reports anymore. It's all quite disconnected.

Now, when I look at whether a project is actually doing work, I focus on two things first: whether the money spent aligns with milestones (like regular monthly deliveries, testnets/audits/documentation that are tangible), and whether the people spending the money are transparent enough to be questioned (who signed off, how they recruited, what outsourcing did). Spending treasury funds on "compliance consultants + PR" isn't inherently wrong, but if they claim to withstand regulation while their basic progress and review are a mess, I’ll basically put it into the "observation zone"... Sore hands can be tolerated, but sloppy work is unacceptable.