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49 New Eng. L. Rev. 121 (2014-2015)
Tales from Cryptocurrency: On Biocoin, Square Pegs, and Round Holes

handle is hein.journals/newlr49 and id is 129 raw text is: Tales from the Cryptocurrency: On Bitcoin, Square Pegs, and Round Holes ERIC P. PACY*+ ABSTRACT Bitcoin is a technologically advanced, decentralized, virtual form of money that is transferred (almost) instantly and (almost) anonymously using a peer-to-peer network supported by a certain number of computer geeks willing to expend massive amounts of computing power in exchange for new bitcoins. Yet it is still money. However, regulators and scholars have been reticent to treat cryptocurrencies like Bitcoin as money, electing instead to attempt to fit this new technology into an existing regulatory framework as something other than money. By doing this, they create unnecessary complexity and sometimes absurd results. This Note argues that Bitcoin is most logically characterized as money and that the law should evolve to embrace this new technology. Candidate for Juris Doctor, New England Law I Boston (2015). B.A., cum laude, English, University of Massachusetts-Dartmouth (2011). I would like to thank my family and friends for all of their love and support. In particular, I would like to thank my amazing wife, Caleigh. ? New England Law Review Scribes Award Winner, 2013-2014.