What you write reminds me of Kickstarter. There is a high percentage of Kickstarter projects that get amazing funding and then... don't do anything. They take the money and run. Or they give empty updates for years but never actually do anything. There is absolutely no accountability there. It seems like that should be illegal, but it just keeps happening.
A lot of what gets funded by the DHF looks pretty much the same to me.
The beauty of cryptoLALALAND
Unfortunately I agree that without checks and balances, it becomes the subject of a latent corruption... It would be a great tool but it definitely needs accountability I believe.