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 <jti...@monetize.io > <mailto:jti...@monetize.io>> wrote: > > On 4/7/14, Flavien Charlon <flavien.char...@coinprism.com > <mailto:flavien.char...@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. > > ------------------------------------------------------------------------------ Put Bad Developers to Shame Dominate Development with Jenkins Continuous Integration Continuously Automate Build, Test & Deployment Start a new project now. Try Jenkins in the cloud. http://p.sf.net/sfu/13600_Cloudbees_APR _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
