Recently I’ve been watching project teams spend money, and it’s honestly a bit addictive. Some teams’ wallets are like bottomless pits—money gets burned fast, while milestones feel like they’re just drawing cakes. Every update says “coming soon,” and then… there’s no then. Whenever I see that kind of “team expenditures” breakdown, I can’t help but think: is this money actually worth it? Shouldn’t they get the core functionality solid first before doing all that flashy stuff?

Speaking of this, lately miners/validators have been raking in profits from MEV, while retail traders complain about sorting fairness. Honestly, it feels pretty surreal. On one side, “you earn your money, I lose mine,” and on the other, the project team still goes on about how “we’re being very serious.” I can’t help but laugh—then I get a little annoyed after laughing. It’s basically that “bitter lessons from real hardship” kind of feeling.

Forget it. I actually have a habit: I regularly compile a “comparison list of project team spending vs. milestones” to see whether they’re really doing anything. At least it helps me feel a bit grounded and not get fooled.