#比特币 When I saw this report, I had a complex feeling in my heart. 41 people, 8.4 million dollars, supported a Bitcoin empire that once had a market capitalization of 2.5 trillion - this number compared to Meta, Ethereum, or even Polkadot, is simply a joke. But upon closer thought, it precisely illustrates the deepest resilience of Bitcoin.

I have been working in this field for many years, and I have seen too many projects fall into the gentle embrace of capital, as well as how so-called "decentralization" has been turned into a new centralization by one or two big whales. But Bitcoin is different. It does not rely on the decisions of a single entity, and there is no risk of fund abuse; every penny is on the line. This seemingly "fragile" structure has instead become its strongest defense.

It is somewhat regrettable to see the distribution map of the funding system. North America takes a large share, while Asia is almost blank except for India. In a region that has 78% of the world's population, the core development circle is isolated from it, which is not only a matter of resource allocation but also a loss of discourse power. Cultural differences and deficiencies in open-source awareness are merely superficial issues; the root cause is that no one is truly stepping up to take on this responsibility.

What makes me most alert is Jack Dorsey's "single point of risk". 90.5% of OpenSats' donations come from one person, and Btrust's funding comes entirely from him and Jay-Z—it's like quietly burying a landmine in a highly decentralized fortress. When the market cycle turns and a bear market arrives, we've already seen in 2022 a significant reduction in the donation commitments from MIT DCI and a 58% drop in Brink's funding. Sustainability has always been a question mark.

The era where the previous generation powered everything with love is coming to an end. Developers need to provide for their families and cannot be required to reapply for jobs every year or two. More companies with real profitability—especially exchanges and stablecoin issuers—should be compelled to offer long-term employment commitments rather than just charitable grants. This is the way for Bitcoin to survive longer.