to turning the blockchain into something recognizable to legal system(s).
... because bending technology to suit the legal system(s) inflexibility is such a good idea ....
or, perhaps it's looking at the law as the distillation of centuries' worth of human experience with transactions, property, and disputes, and piggybacking on the lessons learned by others, rather than insisting on novelty for its own sake, and re-learning some difficult lessons the hard way.
That is what common law and
stare decisis is all about. The problem is that the legal conclusion of
ownership of bitcoins does not fit neatly into that history with this new technology.
Sure,
foxes have a lot in common with fish, oil and natural gas (all areas of law shaped by that stupid fox!). But it takes the legal system a while to get there.