That argument doesn't count, as I don't have the time or expertise to do it.
Me either, but you have to figure those people who invested millions in the DAO did at least a little due diligence. Maybe not, which is why I am not dumping in my life savings.
You need to trust them and their disclaimer makes that very hard.
I see it the other way- I would be less apt to trust them if they pretended their code was infallible. As you say even Apple and Google make mistakes, I think the disclaimer is exactly what we should expect. The guys behind this are very transparent, very brilliant and motivated by vision. They might not succeed, but they are the kinds of people who change the word.
Would you give your money to a bank that says "And maybe our code has security issues and if we lose your money it's totally your fault".
First of all, a bank isn't going to let me look at their code nor will they admit to me if they DID have a problem. The FDIC is what makes my money (up to a certain amount) safe in a bank, not their promises.
Secondly I assume that "the bank" (any bank) has security issues and people on the payroll working to fix those issues. Just because they call themselves a bank doesn't mean their security is perfect. Exhibit A:
http://mashable.com/2015/11/10/bank-data-breach-100-million/#NHxMrLqcqOq7
Exhibit B:
https://www.wired.com/2016/05/insane-81m-bangladesh-bank-heist-heres-know
Finally I don't think the DAO's website or the team behind it implies that it's a safe place for your money like a bank is. In fact it states the opposite- this is a brand new entity with possible buggy code that will have to work through a lot of issues early on.
They way I see it the DAO is a Kickstarter that gives me more back for my "investment" than some t shirt, you get a portion of control like a real venture capital fund. I don't know about you, but I am not a "qualified investor" nor have I ever been asked to be part of a venture capital fund. Investing in the DAO is a way for a little guy like me to be apart of the kind of high upside project that only shark-tank style millionaires ever get a chance at investing in.
I am only putting a couple hundred $ worth of ETH in it, "money" that won't hurt me to lose, partially for the potential upside and partially to be a part of history. 10-20 years from now I see DAOs as the best-case scenario for all types of current organizations that are less efficient. For example, once the code and concept is proven I would MUCH rather donate money to a "charity DAO" than to a organized real world charity that will use a good chunk of my money to pay executives and to throw parties. This DAO might be the Netscape of DAOs, it might fail based on code or based on governance or based on legal ramifications, or it could be the next big thing. But just like Netscape kicked off the internet revolution, this could revolutionize how startup projects get funded even if it fails longterm. It is exciting to be a part of it.