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Then the rights will be sold to a FAANG or an open souce fork like libSQL will live on.

SQLite is public domain (as much as is legally possible). So there's no "rights" to "sell" except the trademark.

The testing suite is not open, which is one of the most important part of the project.

> No, but as morbid as this sounds, the three(?) devs...

Two full-time core devs and three part-time "peripheral" devs.

> ... one day will pass away ...

And not a one of us are young :/.

Well the point is that it’s not hard to find 3 people who are C experts. Yes, even young ones.