The great cryptocurrency heist
The digital currency Ethereum was meant to eliminate the need for trust once and for all. But after a hack in June 2016, that resulted in the equivalent of $50 million being siphoned off, that belief seemed to come crashing down. E.J. Spode investigates in Aeon magazine what went wrong and what it can teach us about trust, while also providing us with a handy primer on blockchain, bitcoins and Ethereum itself.