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: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.
>
>