Bitcoin introduces many new challenges and opportunities for Intellectual Property. It is the dichotomy between blockchain technology as a regulatory technology and its potential use as an unregulatable technology that makes it so interesting from a legal perspective. The distinctive features of a blockchain—in terms of transparency, resiliency, and incorruptibility—can be regarded simultaneously as the greatest gift and as the greatest curse for intellectual property. While they might strengthen the ability for right holders to enforce their intellectual property rights, they may also lead to the demise of the current copyright regime, as well as other laws aimed at restricting the flow of information.