So, basically Giotto De Filippi turned out to be scammer and stole in a smart way a lot of money from OpenGov because he exploited this lack of control on how the money is used once a proposal passes.
This is a very sad thing not just for the memecoin which btw it's more of a joke but because this story ended up with:
stealing a lot of money from polkadot, money that could have been used surely in a better way;
threwing an aura of ridiculous on Polkadot and OpenGov;
eventually I think that even DOT will be affected by this scam, at least its credibility as project. OpenGov will be seen as a system that can be fooled and the community will be always tainted by this story.
I think we should do two things:
change the OpenGov rules on how the money is deployed. Before giving people money there should be something to assess. Just for the records I have NO IDEA if it was possible to distribute worthless DED before OpenGov deployed the money to back their value but I suppose it's possible. Giotto could have never changed the rules keeping the money and airdroppping only 5% of DED to users if it was like that.
create a new, real memecoin. Give 5 to 10% to those who will do follow the project and airdrop the rest to the people. Only after airdropping the token and after the community will have checked the airdrop has been done properly the dev will receive the funds.
Is it possible to do so? I didn't read the rules to open a proposal because I have no time to do so but is there anyone who can explain if these two things are possible?
Thanks