"...What could have been build for that money that would positively effect the community instead of shrink it??"
100 .02 votes for every author on Hive, for one. That would go a long way to encourage new users and improve user retention. Without that, Hive is eventually doomed.
But, those votes could be had without a spend of $100k. They could be had with modest 5k delegations to 20 curators with integrity.
Anyway, spot on. The unaccountability of funded proposals is intolerable, unprofessional, and begging for more fraud.