A major hurdle for any cryptocurrency is the proliferation of use cases. If a currency holder has no way of using their currency then it is essentially worthless. The only thing sustaining its price is investor interest.
Many investors are wary of cryptocurrencies because of their lack of knowledge surrounding the subject. It is an entirely new topic that causes hesitation due to its volatility and tenuous legal standing. A Miami judge recently ruled that bitcoin is not money (https://coinreport.net/bitcoin-is-not-money/)
Rather than await mainstream legal approval Ethereum was presented with an opportunity to prove its ability to implement community consensus. The first major chance for any blockchain community to reach a decentralised decision about a significant event.
I think in the long run this is a hugely important step. In fact I think it is so important that since it first happened I questioned whether it has been staged. Aside from any thing else there was a fortune to be made from selling before and buying after the news of the DAO hack had been released, that alone is enough motive to make a reasonable mind suspicious.
However I believe the Ethereum foundation is an altogether altruistic venture that would be more concerned with providing an operating example of Ethereum’s ability to reach community consensus. With DevCon 2 just around the corner this is a powerful message to share with the crypto market
https://www.cryptocoinsnews.com/source-ethereum-insiders-believe-dao-hack-inside-job/
