From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] helo=mx.sourceforge.net) by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WXB7q-0002Xc-HP for bitcoin-development@lists.sourceforge.net; Mon, 07 Apr 2014 15:06:18 +0000 Received: from mail-pd0-f177.google.com ([209.85.192.177]) by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WXB7p-0003W8-7X for bitcoin-development@lists.sourceforge.net; Mon, 07 Apr 2014 15:06:18 +0000 Received: by mail-pd0-f177.google.com with SMTP id y10so6581546pdj.8 for ; Mon, 07 Apr 2014 08:06:11 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:message-id:date:from:organization:user-agent :mime-version:to:cc:subject:references:in-reply-to:content-type :content-transfer-encoding; bh=leQDdRyPNSUrhdPekjzsF4A9sTSXad5FrSZA1oGuC10=; b=Qva7sJEraTQgKA+tLpMgVOM710tOKDmgnNUinDBMNpqMKgaq8Gb2Kodtw89R/0uW5V vIcctbPqHctsbOSZcNRr/jBpx8xKwCVOL/86LS7hFirG5otV1qKFWxP7RlqPXY+QEmNV qcc9bwee0KRElApl2boDhIAgSM1OihsU5qIKsLTzNGqGRE+MzqeWN3HDZ+o44rtey9qr StkdWBcNAXb6snNc0CmgZcCyMk+Nx3zetJcI8l0pP2oWC4p9lgjSqBjc2CrmAkNB/2qZ f6RshaGOUM2u/QzDhjYC+QC/2Jf3hvEZQnKZ1Yt9kJ9pOeyJ5nDD+yv7ZNazchpOLOV6 UieQ== X-Gm-Message-State: ALoCoQkivy5G53tXm2+z5gutJZK9vs6ry0hZ3+NdorVkAq0t7oDYIHrXMCvzUuZfoBjvvZn1vTeD X-Received: by 10.68.237.228 with SMTP id vf4mr3560406pbc.131.1396883171275; Mon, 07 Apr 2014 08:06:11 -0700 (PDT) Received: from [192.168.127.189] (50-0-36-93.dsl.dynamic.sonic.net. [50.0.36.93]) by mx.google.com with ESMTPSA id sh5sm37410230pbc.21.2014.04.07.08.06.09 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Mon, 07 Apr 2014 08:06:10 -0700 (PDT) Message-ID: <5342BEE0.3050204@monetize.io> Date: Mon, 07 Apr 2014 08:06:08 -0700 From: Mark Friedenbach Organization: Monetize.io Inc. User-Agent: Mozilla/5.0 (X11; Linux x86_64; rv:24.0) Gecko/20100101 Thunderbird/24.4.0 MIME-Version: 1.0 To: Flavien Charlon , =?ISO-8859-1?Q?Jorge?= =?ISO-8859-1?Q?_Tim=F3n?= References: <5341E1FF.7080204@monetize.io> In-Reply-To: X-Enigmail-Version: 1.6 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 8bit X-Spam-Score: 0.0 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -0.0 RCVD_IN_DNSWL_NONE RBL: Sender listed at http://www.dnswl.org/, no trust [209.85.192.177 listed in list.dnswl.org] X-Headers-End: 1WXB7p-0003W8-7X Cc: bitcoin-development@lists.sourceforge.net Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Mon, 07 Apr 2014 15:06:18 -0000 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 > wrote: > > On 4/7/14, Flavien Charlon > 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. > >