Too Long; Didn't Read
Grants Vs. Contests are the best way to stimulate the development of the cryptocurrency community. Contests provide the concept that is the foundation of the foundation – decentralization. The centralized nature of grants does not match the decentralized nature of the crypto community. The committee that issues grants also decides which projects should be implemented and which should not. The selection process for grant winners is not transparent, therefore individual people can influence the choice of winners. In fact, competitions provide a meritocratic distribution of funds, so in the long run, they give much better results than grants.