Re: [Bitcoin-development] Feedback request: colored coins protocol

[Mark Friedenbach <mark@monetize.io>]

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.
> 
>