So what you're saying is.... that for something to be owned it must be ownable. What kind of statment is that?
For something to be
valuable it must have
value.
For something to be
breakable it must be able to be
broken.
What is this fun with grammer day?
http://wordinfo.info/unit/2365/ip:1You get the relationships wrong. Here's the correct answer:
For something to have
value it must be
valuable.
For something to be
broken it must be
breakable.
Then you bring up owning people as property, but then immediate discount your own argument by stating that people can't be owned.
Bitcoins can be owned and are ownable... so what point are you trying to make?

?
I am illustrating to you that characteristics do not mandate treatment. Doing otherwise would fall in line with a naturalistic fallacy (
http://en.wikipedia.org/wiki/Naturalistic_fallacy) which you seem to be doing here. Property is not purely derived from physical characteristics but is bound by social standards. However, you can establish which characteristics are necessary for something to act as property - and that's what was done in part in the manuscript which was cited earlier.
I think bitcoins possess key characteristics to establish ownership, and thus can serve as property in the common sense. And because it can, it will be treated as property.
So wait you do think they are property? Then why do you keep arguing pointless nuances about unrelated topics?
You don't get it. I can't help you. Note the subtle difference between "treated as" and "are".