I was able to watch the latest episode of The Good Wife the other day. A digital information law practitioner was being harassed by the Treasury Department to reveal the identity of his client. His client is the creator of “bitcoin” and the Treasury Department considers such invention a crime because it is equivalent to inventing a new currency. One of the defenses brought up was that bitcoin is not a currency because it is not regulated by any central authority, like the Federal Reserve, as it is freely circulated on the Internet. A witness was presented by the Treasury Department; he was a manager of an inn, which as a promotional offer, allowed the rental of rooms in exchange for bitcoins. The defense argued that bitcoins are merely commodities that may be bought or sold. At the end of the show, I was curious whether the concept of bitcoins was just a product of the minds of the writers or was based on reality.