From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-4.v43.ch3.sourceforge.com ([172.29.43.194] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WXBLF-0006s7-Qd for bitcoin-development@lists.sourceforge.net; Mon, 07 Apr 2014 15:20:09 +0000 Received-SPF: pass (sog-mx-4.v43.ch3.sourceforge.com: domain of pixodegames.com designates 209.85.215.42 as permitted sender) client-ip=209.85.215.42; envelope-from=flavien.charlon@pixodegames.com; helo=mail-la0-f42.google.com; Received: from mail-la0-f42.google.com ([209.85.215.42]) by sog-mx-4.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WXBLE-0007R5-Md for bitcoin-development@lists.sourceforge.net; Mon, 07 Apr 2014 15:20:09 +0000 Received: by mail-la0-f42.google.com with SMTP id ec20so4908164lab.15 for ; Mon, 07 Apr 2014 08:20:01 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:mime-version:in-reply-to:references:from:date :message-id:subject:to:cc:content-type; bh=eyN0AdQGCReII0bHsPuDIUi9MYlV8C2BeTVetv/xq+0=; b=LJcxKkUnvi7ZGRictzTUR9jglnDQAdjo6BCUeDoXQCLwMhOvHuV90hoQ3nxfmxwdGk I47NUx6VeiJ60GvsrEooI8/E//besr99/tvanh2aGvSHiRSho/PczjWqPdwN9duZXwG9 RaPgCE+PEszh3XOy6cmNf0yHZ2HWBXqHIFbdVAaVtD7Od7qRaz+/hmHGlwh9d+K3F+R5 rYyOqEeIGVUNPKZnzo2AOleAD8E/ZINamvaU6LikIY1Wk/Ht5sbOGyN8MFV5MP4A/3za CWw0qsHUeBSGztkVv5FZERaF8uwVGdKgZBm6b/Ru7x9uz8VMIt+xvR2aP01kzinxyKMF c0Dw== X-Gm-Message-State: ALoCoQnTgwXSdyt8AKEQgjbXvshK/JppQcUcO7GsksRX0UYa1Na4aewxXcJIMR0oM4hDZ1bnUwdW X-Received: by 10.152.170.137 with SMTP id am9mr21771475lac.15.1396884001864; Mon, 07 Apr 2014 08:20:01 -0700 (PDT) Received: from mail-la0-f49.google.com (mail-la0-f49.google.com [209.85.215.49]) by mx.google.com with ESMTPSA id tq9sm12129569lbb.10.2014.04.07.08.20.00 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Mon, 07 Apr 2014 08:20:00 -0700 (PDT) Received: by mail-la0-f49.google.com with SMTP id mc6so4845680lab.22 for ; Mon, 07 Apr 2014 08:20:00 -0700 (PDT) X-Received: by 10.112.55.5 with SMTP id n5mr12908lbp.71.1396884000651; Mon, 07 Apr 2014 08:20:00 -0700 (PDT) MIME-Version: 1.0 Received: by 10.114.185.230 with HTTP; Mon, 7 Apr 2014 08:19:20 -0700 (PDT) X-Originating-IP: [79.97.126.227] In-Reply-To: <5342BEE0.3050204@monetize.io> References: <5341E1FF.7080204@monetize.io> <5342BEE0.3050204@monetize.io> From: Flavien Charlon Date: Mon, 7 Apr 2014 16:19:20 +0100 Message-ID: To: Mark Friedenbach Content-Type: multipart/alternative; boundary=001a11c3b244a6ce7f04f67566aa X-Spam-Score: 2.1 (++) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 1.2 RCVD_IN_BL_SPAMCOP_NET RBL: Received via a relay in bl.spamcop.net [Blocked - see ] -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 1.5 SF_NO_SPF_SPAM SF_NO_SPF_SPAM X-Headers-End: 1WXBLE-0007R5-Md 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 15:20:10 -0000 --001a11c3b244a6ce7f04f67566aa Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable Ok, I guess I'm not using the proper terminology. It would be listed on the "Asset" section of the company's balance sheet, is what I meant. On Mon, Apr 7, 2014 at 4:06 PM, Mark Friedenbach wrote: > 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 Tim=F3n > > 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 b= y > > > 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. > > > > > --001a11c3b244a6ce7f04f67566aa Content-Type: text/html; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable
Ok, I guess I'm not using the proper terminology.= It would be listed on the "Asset" section of the company's b= alance sheet, is what I meant.

On Mon, Apr 7, 2014 at 4:06 PM, Mark Friedenbach= <mark@monetize.io> wrote:
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 sha= re
> 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 Tim=F3n <jtimon@monetize.io
> <mailto:jtimon@monetize.io>> wrote:
>
> =A0 =A0 On 4/7/14, Flavien Charlon <flavien.charlon@coinprism.com
> =A0 =A0 <mailto:flavien.charlon@coinprism.com>> wrote:
> =A0 =A0 > Also those 54 BTC (actually 5.4 BTC if the dust is now 54= 0
> =A0 =A0 satoshis) become
> =A0 =A0 > part of the capital of the company, and can always be rec= overed by
> =A0 =A0 > uncoloring the shares. It's an investment, not an exp= ense, so I
> =A0 =A0 think it is
> =A0 =A0 > acceptable.
>
> =A0 =A0 This doesn't make much sense to me.
> =A0 =A0 If you print shares on gold plates instead of paper, is that g= old
> =A0 =A0 "part of the capital of the company"? I don't th= ink so.
>
>

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