1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
|
Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191]
helo=mx.sourceforge.net)
by sfs-ml-4.v29.ch3.sourceforge.com with esmtp (Exim 4.76)
(envelope-from <mark@monetize.io>) id 1WXB7q-0002Xc-HP
for bitcoin-development@lists.sourceforge.net;
Mon, 07 Apr 2014 15:06:18 +0000
Received: from mail-pd0-f177.google.com ([209.85.192.177])
by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128)
(Exim 4.76) id 1WXB7p-0003W8-7X
for bitcoin-development@lists.sourceforge.net;
Mon, 07 Apr 2014 15:06:18 +0000
Received: by mail-pd0-f177.google.com with SMTP id y10so6581546pdj.8
for <bitcoin-development@lists.sourceforge.net>;
Mon, 07 Apr 2014 08:06:11 -0700 (PDT)
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
d=1e100.net; s=20130820;
h=x-gm-message-state:message-id:date:from:organization:user-agent
:mime-version:to:cc:subject:references:in-reply-to:content-type
:content-transfer-encoding;
bh=leQDdRyPNSUrhdPekjzsF4A9sTSXad5FrSZA1oGuC10=;
b=Qva7sJEraTQgKA+tLpMgVOM710tOKDmgnNUinDBMNpqMKgaq8Gb2Kodtw89R/0uW5V
vIcctbPqHctsbOSZcNRr/jBpx8xKwCVOL/86LS7hFirG5otV1qKFWxP7RlqPXY+QEmNV
qcc9bwee0KRElApl2boDhIAgSM1OihsU5qIKsLTzNGqGRE+MzqeWN3HDZ+o44rtey9qr
StkdWBcNAXb6snNc0CmgZcCyMk+Nx3zetJcI8l0pP2oWC4p9lgjSqBjc2CrmAkNB/2qZ
f6RshaGOUM2u/QzDhjYC+QC/2Jf3hvEZQnKZ1Yt9kJ9pOeyJ5nDD+yv7ZNazchpOLOV6
UieQ==
X-Gm-Message-State: ALoCoQkivy5G53tXm2+z5gutJZK9vs6ry0hZ3+NdorVkAq0t7oDYIHrXMCvzUuZfoBjvvZn1vTeD
X-Received: by 10.68.237.228 with SMTP id vf4mr3560406pbc.131.1396883171275;
Mon, 07 Apr 2014 08:06:11 -0700 (PDT)
Received: from [192.168.127.189] (50-0-36-93.dsl.dynamic.sonic.net.
[50.0.36.93]) by mx.google.com with ESMTPSA id
sh5sm37410230pbc.21.2014.04.07.08.06.09 for <multiple recipients>
(version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128);
Mon, 07 Apr 2014 08:06:10 -0700 (PDT)
Message-ID: <5342BEE0.3050204@monetize.io>
Date: Mon, 07 Apr 2014 08:06:08 -0700
From: Mark Friedenbach <mark@monetize.io>
Organization: Monetize.io Inc.
User-Agent: Mozilla/5.0 (X11; Linux x86_64;
rv:24.0) Gecko/20100101 Thunderbird/24.4.0
MIME-Version: 1.0
To: Flavien Charlon <flavien.charlon@coinprism.com>, =?ISO-8859-1?Q?Jorge?=
=?ISO-8859-1?Q?_Tim=F3n?= <jtimon@monetize.io>
References: <CABbpET96CboPcQeV-nKXv-CeaPiwpTKVUB_ioGPB2s3_5Y7bnQ@mail.gmail.com>
<5341E1FF.7080204@monetize.io>
<CABbpET_JFceNhRkxSZMyiTxkkYr2MvQVob7o4juEsPj4wo8e8g@mail.gmail.com>
<CAC1+kJMpEetKdpKs-OaFGvnBwi6-Pj8ycJ77cJzHOTk_jUPw=g@mail.gmail.com>
<CABbpET-S5ahuQVcBaJZGyvFMS1=RU2mJZUAmECBKhFOFu6B6EA@mail.gmail.com>
In-Reply-To: <CABbpET-S5ahuQVcBaJZGyvFMS1=RU2mJZUAmECBKhFOFu6B6EA@mail.gmail.com>
X-Enigmail-Version: 1.6
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 8bit
X-Spam-Score: 0.0 (/)
X-Spam-Report: Spam Filtering performed by mx.sourceforge.net.
See http://spamassassin.org/tag/ for more details.
-0.0 RCVD_IN_DNSWL_NONE RBL: Sender listed at http://www.dnswl.org/,
no trust [209.85.192.177 listed in list.dnswl.org]
X-Headers-End: 1WXB7p-0003W8-7X
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: <bitcoin-development.lists.sourceforge.net>
List-Unsubscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
<mailto:bitcoin-development-request@lists.sourceforge.net?subject=unsubscribe>
List-Archive: <http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development>
List-Post: <mailto:bitcoin-development@lists.sourceforge.net>
List-Help: <mailto:bitcoin-development-request@lists.sourceforge.net?subject=help>
List-Subscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
<mailto:bitcoin-development-request@lists.sourceforge.net?subject=subscribe>
X-List-Received-Date: Mon, 07 Apr 2014 15:06:18 -0000
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@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 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.
>
>
|
