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Geo domain Caselaw geodomain case law

Discussion in 'Legal Discussion' started by Geodomain, Mar 17, 2017.

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  1. Geodomain

    Geodomain New Member

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    Geo domain Case Law "geo domain Caselaw" 1681cv03445 Century 21 Apollo Cendant Realogy GJ Brown Michael Brown Raymond Redican Junior.

    A drafter of China's General Provisions of Civil Law has likened Bitcoin to websites, calling both “virtual property.”

    According to Chinese news resource cnLedger, which provided a translated summary of the comments, Yang Lixin described websites as “virtual immovable property” and virtual currencies such as Bitcoin as “virtual movable property.”

    As director of the Civil and Commercial Law Science Research Center of the People's University of China, Lixin is one of several collaborators on China’s new civil law legislation.

    In an interview with a Beijing journalist this week, Lixin said the work represented “major breakthroughs” in civil law.
     
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  2. Avtar629

    Avtar629 MarketDN.com Business Account VIP

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    Ok I'll bite. How does all this affect domainers?
     
  3. namelancer

    namelancer Established Member

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    Surely, this is valid for websites firmly attached to their given registrar/host, but the moment they are moved to another hosting provider would they be considered as 'virtual movable property' ? :)
     
  4. poweredbyme

    poweredbyme Established Member

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    Immovability refers to ability to make changes in property. You can't change the domain name or content of a website. If you do it becomes a different website. You can't change location of a real estate. If you change it becomes a different real estate. Bitcoin is movable as you can change its address/wallet or amount of bitcoin by receiving or spending bitcoin. Therefore domains/websites are immovable and bitcoin is movable. So, for my understanding, that's a correct definition. They don't refer to transferring websites between registrars or servers.

    Edit:
    Maybe they refer to change in physical location. Websites can not move from internet which is not a physical address. Bitcoin can move from internet physically by cold storage in a USB stick or on a piece of paper. Websites can not live without internet.
     
    Last edited: Mar 19, 2017
  5. namelancer

    namelancer Established Member

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    This (my quote) was to be treated as a joke only :)
     
    Last edited: Mar 19, 2017
  6. poweredbyme

    poweredbyme Established Member

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    In the next step they might prohibit buying websites from people located outside of China. This is one possibility I can think of for now. Because in some countries foreign nationals are not allowed to buy/sell real estate (immovables)
     
  7. consumers

    consumers New Member ★★★★★★★★★★

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    Bitcoin exists on the Blockchain which is a distributed among all the computers running Bitcoin "full nodes." Bitcoin is not actually moved but rather changes are made to the blockchain. When you use "cold storage" you are actually storing the private key offline, not Bitcoin. That private key is needed to make the changes to the blockchain database.

    The main difference between domain names and Bitcoin is that Bitcoin is decentralized. There is no UDRP and no way to force a transfer of Bitcoin without that private key. Web sites can be seized by courts, hosting companies, etc. There is a domain name system using the same concept as Bitcoin called namecoin and .bit domains. There is no way to seized a domain name or change the DNS records without the private key. However, people using .bit have to change their nameservers. So whoever registers "Microsoft.bit" gets to keep it and they could stay completely anonymous if they wanted and point the domain to any web site and nobody can stop them. The system never took off so not that many people are "mining" namecoin so the system is not that secure and I am not sure the developers are still working on it.
     
  8. Geodomain

    Geodomain New Member

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    Thanks for the continued "meaningful" feedback
     
  9. Geodomain

    Geodomain New Member

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    Call me for a quicker answer
     

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