| The Good, The Bad and The Bitcoin: Crypto-assets as a phenomenon Amalia Neenan1; 1PETERS & PETERS, London, United Kingdom; PAPER: 468/Laws/Regular (Oral) SCHEDULED: 14:00/Thu. 24 Oct. 2019/Hermes (64/Mezz. F) ABSTRACT: Ponzi scheme? Tulip Mania 2.0? Fad? Future? Each word a label that at one point or another has been associated with cryptocurrencies and other crypto-assets since their inception in 2008. But have we been too hasty to paint these unique and revolutionary products with the broad brush of mistrust? This session will address why cryptocurrencies and other associated technologies have gained notoriety in recent years by examining both the media frenzy surrounding them, as well as the inherent design characteristics that can create confusion. It will then be suggested that despite their supposedly ‘bad reputation’ there are legal safety-nets already in place to help harness the unique opportunities that they present and utilize the wide-reaching and groundbreaking benefits that crypto-assets hold for future transactional abilities. |
