> I agree with your hesitance and apprehension of how it could could go wrong.

There are 2 issues:

1. the CoC is a "living document" which is Silicon valley speak for "we're making it up as we go along" (see also HTML5). It can change at any time.

2. The membership of the Steering Committee can change over time (and they can also change the CoC). What if in 5-10 years time I have built a successful business on this software, and the SC is taken over by employees of a rival company that then denies me use of it. As far as I can tell, I am shafted with no recourse.

For this reason I would never use any software licensed like this to do anything serious, nor would I contribute to any software licensed like this.