He might have a point except the money is being spent poorly.
NOSTR development is laughably inefficient. If there wasn't so much money available, devs would actually have to cooperate and focus instead of building garbage on top of garbage on top of garbage, before scrapping that and building new garbage.
I don't think much of that money is dedicated to hosting regardless, though. I think most people hosting relay and media servers are just doing it out of pocket. It's probably not an overly expensive thing to do at NOSTR's size.
im sorry, i feel asleep while you were talking. what?
one thing I think about is how the centralization of their funding might have affected their design. their architecture looks like what happens when you have teams that divide themselves into micro-services.
actually that makes alot of sense.