I'm now checking whether the project is actually working; I don't listen to their vision first, I look at how the treasury is spending. To put it simply, whether the money is spent like "employee reimbursements" or like "boss on a business trip," you can tell at a glance: the same addresses repeatedly withdrawing funds, no corresponding milestone deliverables, budgets always in the "market cooperation/eco incentives" all-in-one box, I just assume they're stalling. Conversely, even if progress is slow, but the spending pace matches the version/audit/launch milestones, and the unlocking isn't suddenly accelerated, at least it looks like they're taking things seriously. Recently, there’s been a lot of noise about privacy coins and mixing, some projects talk about compliance boundaries, but the treasury transfers are very "private," which is a bit funny. Anyway, I’d rather be the spoilsport: I won't support a treasury that doesn't provide details or bind to milestones.