Quote from: Torque on August 06, 2015, 05:51:54 PM

Quote from: JorgeStolfi on August 06, 2015, 05:30:42 PM

Quote from: sAt0sHiFanClub on August 06, 2015, 05:00:22 PM

Tokyo judge says "You cant own a bitcoin...."

http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/

According to [this reddit comment](https://www.reddit.com/r/Bitcoin/comments/3fztzt/tokyo_court_bitcoin_not_subject_to_ownership/cttk8f8), the ruling was probably mangled by going through two reporters who did not quite understand it, with a Japanese-to-English translation to boot.

That guy's explanation seems to make sense: what the judge probably ruled is that bitcoins are fungible, so that plaintiff cannot claim ownership of certain particular 458 bitcoins that are in the MtGOX estate, or even of 485 generic bitcoins. The plaintiff can only lay a claim to the value of those bitcoins, according to some etablished price. Therefoer the trustee could continue the normal process of gathering all assets and all claims, converting all to JPY, and dividing the former proportionally to the latter

Translation: Punt until bitcoin price goes up, then pay out fiat a fraction of the former exchange rate value of those coins at the time when Mt. Gox collapsed. Pure genius way to fk over the claimants.

Converting them to JPY could also lead the price of BTC down (because of their size). I'd expect an *evaluation* in JPY and (as we filled into the claim procedure) choose what we want to have (BTC/Fiat). Of course this is only wishful thinking...