I was going to say hard to say with a deterrence effect, but then seeing 12 HBD being sent to them hourly ( @hivewatchers/wallet) from the hive fundation , with very little hive power, and then dumping it into a savings on a dummy account with $77k HBD (@nuttin/wallet ) I think it is obviously no at this point.
I think they can be self sustaining without needing to be subsidized further and the training wheels can be taken off. Assuming they own the nuttin account, and the apr is 20%, that's still 42 hbd a day. If they continue to get 290hbd a day and the 42 from interest, then this time next year, it could be 110 hbd a day in interest.
In closing:
1.) Much better case for delegating HP or RC to projects than giving hbd. The foundation gets to keep its resources, and the dev can still use the HP/RC as needed.
2.) I think the 20% apr is ridiculous myself; that it is a ticking time bomb.
RE: Is Hive Watcher's doing a good job?