Optimistic believers in the wisdom of crowds have raised over 40 million dollars worth of comedy coins, all of which is 'owned' by an ethereum smart contract: https://daohub.org/index.html (not sure how a 'decentralized' system managed to create its own website...)

The investors hope that this 'Decentralized Autonomous Organization' will invest or fund worthy causes that will create profits for the DAO. Denizens of /r/ethereum seem to be madly euphoric about the concept, while badly misunderstanding just what is happening.

So, I suggest we have a competition to predict just how long it takes for the DAO to screw up and lose its money. There are so many ways it could go wrong - bugs in the contract code could let hackers loot all the money, or just make the funds unavailable. The proposed DAO investments are mostly insane and/or dubious.

There's a proposal by Slock.it (who, co-incidentally created the DAO) to give them lots of money to build something called an Ethereum computer (a 21inc Pitato clone?) and a 'universal sharing network' (I have no idea what this actually is, and Slock.it don't offer a concrete specification. It will let people control locks over ethereum, which is already a flawed concept and doesn't need a blockchain, but believers think it will put AirBnB out of business)

So I suspect that the Doh is going to give money to its cronies who will then do a vanishing act. Or the whole thing will collapse into pointlessness as the 'crowd' fail to agree on what to do. But the euphoria over in /r/ethereum is amazing, these people have been brainwashed.

There's a huge SFYL waiting to happen. The only question is when?