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From: Flavien Charlon <flavien.charlon@coinprism.com>
Date: Mon, 7 Apr 2014 16:19:20 +0100
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Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
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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@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 Tim=F3n <jtimon@monetize.io
> > <mailto:jtimon@monetize.io>> wrote:
> >
> > On 4/7/14, Flavien Charlon <flavien.charlon@coinprism.com
> > <mailto: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 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.
> >
> >
>
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<div dir=3D"ltr"><div>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.</div></div><div class=3D"gmail_extra"><br><b=
r>
<div class=3D"gmail_quote">On Mon, Apr 7, 2014 at 4:06 PM, Mark Friedenbach=
<span dir=3D"ltr"><<a href=3D"mailto:mark@monetize.io" target=3D"_blank=
">mark@monetize.io</a>></span> wrote:<br><blockquote class=3D"gmail_quot=
e" style=3D"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=3D"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 sha=
re<br>
> goes low enough, you could buy a share of the company, melt the gold<b=
r>
> 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<b=
r>
> 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 Tim=F3n <<a href=3D"mailto:jt=
imon@monetize.io">jtimon@monetize.io</a><br>
</div><div class=3D"im HOEnZb">> <mailto:<a href=3D"mailto:jtimon@mon=
etize.io">jtimon@monetize.io</a>>> wrote:<br>
><br>
> =A0 =A0 On 4/7/14, Flavien Charlon <<a href=3D"mailto:flavien.charl=
on@coinprism.com">flavien.charlon@coinprism.com</a><br>
</div><div class=3D"HOEnZb"><div class=3D"h5">> =A0 =A0 <mailto:<a hr=
ef=3D"mailto:flavien.charlon@coinprism.com">flavien.charlon@coinprism.com</=
a>>> wrote:<br>
> =A0 =A0 > Also those 54 BTC (actually 5.4 BTC if the dust is now 54=
0<br>
> =A0 =A0 satoshis) become<br>
> =A0 =A0 > part of the capital of the company, and can always be rec=
overed by<br>
> =A0 =A0 > uncoloring the shares. It's an investment, not an exp=
ense, so I<br>
> =A0 =A0 think it is<br>
> =A0 =A0 > acceptable.<br>
><br>
> =A0 =A0 This doesn't make much sense to me.<br>
> =A0 =A0 If you print shares on gold plates instead of paper, is that g=
old<br>
> =A0 =A0 "part of the capital of the company"? I don't th=
ink so.<br>
><br>
><br>
</div></div></blockquote></div><br></div>
--001a11c3b244a6ce7f04f67566aa--
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