Cryptocurrencies
Security or Not, Ethereum's Soul Searching Isn't Over
- Governance debate raised after wallet hack leaves funds frozen
- Ether has tumbled about 70 percent from all-time high
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There’s an existential debate raging among Ether advocates even after regulators stated that the second-biggest cryptocurrency shouldn’t be considered a security.
The discussion centers around whether users should be able to undo erroneous or faulty transactions, and if so, in which cases and who decides. Then there’s the broader question of how to decide on the answers in the first place. Thousands of software developers, miners and investors scattered across continents are struggling to sort this out, all while Ethereum continues to be the preferred platform for token sales raising billions of dollars.