[Bitcoin-development] Feedback request: colored coins protocol
flavien.charlon at coinprism.com
Mon Apr 7 15:19:20 UTC 2014
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 <mark at 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 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 at monetize.io
> > <mailto:jtimon at monetize.io>> wrote:
> > On 4/7/14, Flavien Charlon <flavien.charlon at coinprism.com
> > <mailto:flavien.charlon at 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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