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From: Flavien Charlon <flavien.charlon@coinprism.com>
To: "Jorge Timón" <jtimon@monetize.io>
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
Date: Mon, 7 Apr 2014 15:00:20 +0100	[thread overview]
Message-ID: <CABbpET-S5ahuQVcBaJZGyvFMS1=RU2mJZUAmECBKhFOFu6B6EA@mail.gmail.com> (raw)
In-Reply-To: <CAC1+kJMpEetKdpKs-OaFGvnBwi6-Pj8ycJ77cJzHOTk_jUPw=g@mail.gmail.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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  reply	other threads:[~2014-04-07 14:01 UTC|newest]

Thread overview: 16+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-04-06 20:59 [Bitcoin-development] Feedback request: colored coins protocol 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 [this message]
2014-04-07 15:06         ` Mark Friedenbach
2014-04-07 15:19           ` Flavien Charlon
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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