<div dir="ltr"><div>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.</div></div><div class="gmail_extra"><br><br>
<div class="gmail_quote">On Mon, Apr 7, 2014 at 4:06 PM, Mark Friedenbach <span dir="ltr"><<a href="mailto:mark@monetize.io" target="_blank">mark@monetize.io</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Flavien, capital is wealth or resources available for the stated purpose<br>
of the company. These bitcoins represent nothing more than a speculative<br>
floor owned by the investors, not the company.<br>
<div class="im HOEnZb"><br>
On 04/07/2014 07:00 AM, Flavien Charlon wrote:<br>
> Jorge, they'd have to be. Otherwise, assuming the price of the share<br>
> goes low enough, you could buy a share of the company, melt the gold<br>
> plate, and sell it for a profit. If the gold is part of the capital of<br>
> the company, the cheapest a share can be is the price of the gold on<br>
> which the stock certificate is printed.<br>
><br>
> This is why I think the importance of padding with colored coins is<br>
> overblown.<br>
><br>
><br>
> On Mon, Apr 7, 2014 at 1:12 PM, Jorge Timón <<a href="mailto:jtimon@monetize.io">jtimon@monetize.io</a><br>
</div><div class="im HOEnZb">> <mailto:<a href="mailto:jtimon@monetize.io">jtimon@monetize.io</a>>> wrote:<br>
><br>
> On 4/7/14, Flavien Charlon <<a href="mailto:flavien.charlon@coinprism.com">flavien.charlon@coinprism.com</a><br>
</div><div class="HOEnZb"><div class="h5">> <mailto:<a href="mailto:flavien.charlon@coinprism.com">flavien.charlon@coinprism.com</a>>> wrote:<br>
> > Also those 54 BTC (actually 5.4 BTC if the dust is now 540<br>
> satoshis) become<br>
> > part of the capital of the company, and can always be recovered by<br>
> > uncoloring the shares. It's an investment, not an expense, so I<br>
> think it is<br>
> > acceptable.<br>
><br>
> This doesn't make much sense to me.<br>
> If you print shares on gold plates instead of paper, is that gold<br>
> "part of the capital of the company"? I don't think so.<br>
><br>
><br>
</div></div></blockquote></div><br></div>