mailing list archives
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,
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.
An asset that is not a physical thing and only evidenced by a
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