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.
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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?”
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“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?”
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(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.)
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(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.)
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