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

[Flavien Charlon <flavien.charlon@coinprism.com>]

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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> wrote:

> On 4/7/14, Flavien Charlon <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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