I think "toxic" was too strong of a word. Thanks for pointing that out. Maybe frustrated is a better word choice.

My view on supporting third party projects is that they are encouraged but will not (and should not) be supported either financially or with time from the central team until the project has proven it can bring users on its own.

If they supported every team with an idea, the treasury would be drained quickly and their time would be spread too thin.

I don't have a set format for my investment theses, but I should. I'm going to this about how to be implement this! Thanks for the suggestion.

I think biases are actually ok to have when investing as long as you are aware of them, open to changing them, and revisit them on regular intervals. Strong opinions, loosely held. Biases are what allow you to make concentrated bets on something like deso. You need a pretty strong world view bias to put a significant amount of your net worth in crypto in general.