Looks like we’re beginning to converge towards some common understanding. Indeed, we are targeting different problems as you described.
I have a couple of comments on what you wrote:
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I don’t know what “fully triaged” means. When would you say that an issue is fully triaged?
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I don’t think we should assume that all currently open issues are valid (re “it doesn’t add an extra label to all open issues”.)
I don’t think this is what will happen. There are many issues that are undecided for a long time. “valid” essentially means “we should definitely do something about this issue”. It’s often not an easy decision to make.