>By Creating DAO tokens through interaction with The DAO’s smart contract code, you expressly agree to all of the terms and conditions set forth in that code. If you do not understand or do not agree to those terms, you should not Create DAO tokens.
They are saying you need to fully understand all the code, in order to responsibly decide whether you should click a button. But the code is off somewhere else, with no links to it in the shrink-wrap license. For all I know some of the code is buggy or impossible to understand. How many people putting in money have read all the code before doing so? Does all the code even exist yet? Are they agreeing to contracts now that will be hammered out in the future, by a democracy? Tyranny of the majority, anyone? Tyranny of the majority enforced by code sounds even more scary.
Then:
>The use of The DAO’s smart contract code and the Creation of DAO tokens carries significant financial risk, including using experimental software.
The risk part I get, that's pretty standard. But I'm to agree to abide by contracts set out in code I can't see, probably can't understand, and running in experimental software?
What could possibly go wrong?