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Re: IP addresses are now assets
From: Henry Yen <henry () AegisInfoSys com>
Date: Fri, 2 Dec 2011 15:01:31 -0500

On Fri, Dec 02, 2011 at 12:37:29PM -0700, joshua sahala wrote:
On Thu, Dec 1, 2011 at 10:20 PM, John Curran <jcurran () arin net> wrote:[cut]
Your subject line (IP addresses are now assets) could mislead folks,
[cut]
ianal, but the treatment of ip addresses by the bankruptcy court would
tend to agree with the definition of an asset from webster's new world
law dictionary (http://law.yourdictionary.com/asset):

   Any property or right that is owned by a person or entity and has
   monetary value. See also liability.

   All of the property of a person or entity or its total value;
   entries on a balance sheet listing such property.

   intangible asset
      An asset that is not a physical thing and only evidenced by a
      written document.


the addresses are being exchanged for money, in order to pay a
debt...how is this not a sale of an asset?

I guess I'm in the same minority in that I agree with you.

Note that "Asset" !== "Property".

The IP addresses in question are unquestionably "Assets" (albeit
"Restricted assets" or hard-to-value assets), but not so evidently
"Property".  So, the original subject line "IP addresses are now assets"
seems accurate; it does not say "IP addresses are now property".
Conflation of the two terms is in the mind of the reader, and perhaps
that's what John Curran was seeking to clarify.

-- 
Henry Yen                                       Aegis Information Systems, Inc.
Senior Systems Programmer                       Hicksville, New York


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