IP addresses are now assets

Henry Yen henry at AegisInfoSys.com
Fri Dec 2 20:01:31 UTC 2011

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 at 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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