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If TheDAO is a success, what would a failed DAO look like?

A side project DAO no-one cares about? Perhaps it's better to view this in non-binary (success/failure) terms.

TheDAO has after all, captured a significant amount of momentum, interest and capital.

>TheDAO has after all, captured a significant amount of momentum, interest and capital.

So did Bernie Madoff.

One that didn't teach us anything.

Arguably this taught (reminded) us that DAOs are mutable at the whim of the community majority.

And that nobody knows how to write secure code.

What horrible thing can't you say that about?