People are currently speculating on whether, when the SEC says that ICO investors are entitled under the laws of the US to 100% repayment of their investment because they were solicited without required disclosures, whether that repayment will be denominated in USD or ETH.
Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahqhahahahahahagagagahahgagaga *gasp* no not done yet hahahahahahahahahahahahahahahahahahahahahahahaha.
People were really surprised with this outcome during the Mt. Gox bankruptcy, too: “What do you mean that the legal system uses fiat currency to denominated liabilities? We’re a *store of value*, darn it, don’t they understand that we have wild volatility?”
“Why that effectively gives all of our investors not just a free our option on our investment scam but also a free put on ETH. Don’t they know that that makes it completely impossible to run a business on top of this currency?”
(A put option is the contractual right to sell someone a thing for a particular price at or until a particular time. This is a thing you could hypothetically buy on e.g. Apple stock, and that would be very not free if the option effectively never expired and was at 2017 price.)
(Which may lead to a hilarious outcome of investment scam tokens achieve non-zero value due to the embedded put option that was the one bit of magic their promoters did not claim them as having.)
