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From: Flavien Charlon <flavien.charlon@coinprism.com>
Date: Mon, 7 Apr 2014 15:00:20 +0100
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To: =?ISO-8859-1?Q?Jorge_Tim=F3n?= <jtimon@monetize.io>
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Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
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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> wrote:

> On 4/7/14, Flavien Charlon <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 i=
t
> 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>Jorge, they&#39;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 c=
apital of the company, the cheapest a share can be is the price of the gold=
 on which the stock certificate is printed.</div>

<div><br></div><div>This is why I think the importance of padding with colo=
red coins is overblown.<br></div><div class=3D"gmail_extra"><br><br><div cl=
ass=3D"gmail_quote">On Mon, Apr 7, 2014 at 1:12 PM, Jorge Tim=F3n <span dir=
=3D"ltr">&lt;<a href=3D"mailto:jtimon@monetize.io" target=3D"_blank">jtimon=
@monetize.io</a>&gt;</span> wrote:<br>

<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;padding=
-left:1ex;border-left-color:rgb(204,204,204);border-left-width:1px;border-l=
eft-style:solid"><div>On 4/7/14, Flavien Charlon &lt;<a href=3D"mailto:flav=
ien.charlon@coinprism.com">flavien.charlon@coinprism.com</a>&gt; wrote:<br>


&gt; Also those 54 BTC (actually 5.4 BTC if the dust is now 540 satoshis) b=
ecome<br>
&gt; part of the capital of the company, and can always be recovered by<br>
&gt; uncoloring the shares. It&#39;s an investment, not an expense, so I th=
ink it is<br>
&gt; acceptable.<br>
<br>
</div>This doesn&#39;t make much sense to me.<br>
If you print shares on gold plates instead of paper, is that gold<br>
&quot;part of the capital of the company&quot;? I don&#39;t think so.<br>
</blockquote></div><br></div></div>

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