From: Flavien Charlon <flavien.charlon@coinprism•com>
To: Mark Friedenbach <mark@monetize•io>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
Date: Mon, 7 Apr 2014 16:19:20 +0100 [thread overview]
Message-ID: <CABbpET8Qbvhb47ZJX4EVh4673_ic9UwpMdMyZbsHay9F2zTj9Q@mail.gmail.com> (raw)
In-Reply-To: <5342BEE0.3050204@monetize.io>
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Ok, I guess I'm not using the proper terminology. It would be listed on the
"Asset" section of the company's balance sheet, is what I meant.
On Mon, Apr 7, 2014 at 4:06 PM, Mark Friedenbach <mark@monetize•io> wrote:
> 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.
> >
> >
>
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next prev parent reply other threads:[~2014-04-07 15:20 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
2014-04-07 15:19 ` Flavien Charlon [this message]
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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