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You're welcome to take it up with the Japanese Diet, but in 2015, 有形固定資産 ("tangible real property") is a thing which you can demand a bankrupt entity surrender

by patio11 11y ago

You're welcome to take it up with the Japanese Diet, but in 2015, 有形固定資産 ("tangible real property") is a thing which you can demand a bankrupt entity surrender to you if you can demonstrate ownership of it. The court held, sensibly, that BTC is not tangible real property. See earlier layman's explanation here for more detail, if you're curious: https://news.ycombinator.com/item?id=10018631 https://news.ycombinator.com/item?id=10018631 You will probably not find wonderful reporting on this subject because the generalist press routinely does not understand complicated specialist subjects (as is readily apparent to technically inclined people any time they stumble their way through our world). "有形固定資産 and 資産権 actually describe two different things" is a bit beyond most reporters trying to work their way through this story, including for the obvious reason.

fortytw2 11y ago
What does 資産権 translate as? Google says "asset rights" but that doesn't quite sound right/make a lot of sense in this context
- patio11 11y ago
  Property rights (財産権) in an asset. I could have written 財産権 there, too, and it may have been a better call for what I was going for.
rasz_pl 11y ago
Isnt Japan one of the countries where you can go to prison for 'stealing' ingame items? Something is not right here.
- patio11 11y ago
  Japan has extensive protection of non-tangible property rights! In addition to Arcanite Reapers and Bitcoin we have, you know, things that actually matter, too, like copyrights and and fishing rights and mineral rights and all the sorts of things you would expect a highly developed first world nation to recognize! Newspapers suggesting that a distinction between tangible and intangible assets means intangible assets cannot be owned should run this conclusion by their local attorney!
  - keithpeter 11y ago
    And software licenses must be protected in some way even though they strike me as intangible and 'mingled' with a third party system. Unless the actual sticker with a bar code is material enough. Interesting.
keithpeter 11y ago
Excellent summary in the comment linked to from above. Fascinating.

by patio11 11y ago

fortytw2 11y ago

What does 資産権 translate as? Google says "asset rights" but that doesn't quite sound right/make a lot of sense in this context

patio11 11y ago
Property rights (財産権) in an asset. I could have written 財産権 there, too, and it may have been a better call for what I was going for.

rasz_pl 11y ago

Isnt Japan one of the countries where you can go to prison for 'stealing' ingame items? Something is not right here.

patio11 11y ago
Japan has extensive protection of non-tangible property rights! In addition to Arcanite Reapers and Bitcoin we have, you know, things that actually matter, too, like copyrights and and fishing rights and mineral rights and all the sorts of things you would expect a highly developed first world nation to recognize! Newspapers suggesting that a distinction between tangible and intangible assets means intangible assets cannot be owned should run this conclusion by their local attorney!
- keithpeter 11y ago
  And software licenses must be protected in some way even though they strike me as intangible and 'mingled' with a third party system. Unless the actual sticker with a bar code is material enough. Interesting.

keithpeter 11y ago

Excellent summary in the comment linked to from above. Fascinating.