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I muted the group, and the world suddenly became peaceful... In the past, my screen was flooded with messages like "Should we migrate" and "The system is about to crash," and my mind was also fluctuating. Now that it's quiet, I can focus on the hard facts: where exactly did the treasury expenses go? Were they spent on development/auditing/infrastructure that can push milestones, or just a bunch of "ecosystem collaborations" and "market promotion" that are all mixed together.
To put it simply, I judge whether the project team is serious or not based on two things: whether there is a corresponding delivery schedule after the money is spent (even if it's just a testnet or small version iteration), and whether a series of inexplicable scattered withdrawals appear on-chain immediately after large transfers. For upgrades/hard forks and such nodes, teams that are actually working tend to be busier releasing progress, updating documentation, and fixing details; only those who are just shouting slogans are left with "We support migration at any time." Anyway, I’ll look at the data first before deciding whether to keep paying attention.