From: Mark Friedenbach <mark@monetize•io>
To: "Flavien Charlon" <flavien.charlon@coinprism•com>,
"Jorge Timón" <jtimon@monetize•io>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
Date: Mon, 07 Apr 2014 08:06:08 -0700 [thread overview]
Message-ID: <5342BEE0.3050204@monetize.io> (raw)
In-Reply-To: <CABbpET-S5ahuQVcBaJZGyvFMS1=RU2mJZUAmECBKhFOFu6B6EA@mail.gmail.com>
Flavien, capital is wealth or resources available for the stated purpose
of the company. These bitcoins represent nothing more than a speculative
floor owned by the investors, not the company.
On 04/07/2014 07:00 AM, Flavien Charlon wrote:
> Jorge, they'd have to be. Otherwise, assuming the price of the share
> goes low enough, you could buy a share of the company, melt the gold
> plate, and sell it for a profit. If the gold is part of the capital of
> the company, the cheapest a share can be is the price of the gold on
> which the stock certificate is printed.
>
> This is why I think the importance of padding with colored coins is
> overblown.
>
>
> On Mon, Apr 7, 2014 at 1:12 PM, Jorge Timón <jtimon@monetize•io
> <mailto:jtimon@monetize•io>> wrote:
>
> On 4/7/14, Flavien Charlon <flavien.charlon@coinprism•com
> <mailto:flavien.charlon@coinprism•com>> wrote:
> > Also those 54 BTC (actually 5.4 BTC if the dust is now 540
> satoshis) become
> > part of the capital of the company, and can always be recovered by
> > uncoloring the shares. It's an investment, not an expense, so I
> think it is
> > acceptable.
>
> This doesn't make much sense to me.
> If you print shares on gold plates instead of paper, is that gold
> "part of the capital of the company"? I don't think so.
>
>
next prev parent reply other threads:[~2014-04-07 15:06 UTC|newest]
Thread overview: 16+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-06 20:59 Flavien Charlon
2014-04-06 23:23 ` Mark Friedenbach
2014-04-07 9:49 ` Flavien Charlon
2014-04-07 12:12 ` Jorge Timón
2014-04-07 14:00 ` Flavien Charlon
2014-04-07 15:06 ` Mark Friedenbach [this message]
2014-04-07 15:19 ` Flavien Charlon
2014-04-07 18:23 ` Jorge Timón
2014-04-07 19:26 ` Flavien Charlon
2014-04-07 19:58 ` Alex Mizrahi
2014-04-10 12:19 ` Flavien Charlon
2014-04-10 14:28 ` Jean-Pierre Rupp
2014-04-10 16:59 ` Mark Friedenbach
2014-04-10 17:24 ` Alex Mizrahi
2014-04-11 12:51 ` Flavien Charlon
2014-04-07 11:28 ` Alex Mizrahi
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