Author: Flavien Charlon 2014-04-07 19:26:07
Published on: 2014-04-07T19:26:07+00:00
In this context, the discussion is about the use of colored coins to represent shares in a company. The issue at hand is that when buying shares, the buyer may also have to purchase some amount of Bitcoin, which can be inconvenient. One suggestion is to use different colored coins to represent different numbers of shares, like dollar bills of different denominations. It is noted that a proper application layer/UI could hide this from the user and reduce the need for padding. The protocol should remain as simple as possible, and if a UI can work around the issue, it may not be worth complicating the protocol. The dust rule, which sets a minimum transaction value, may disappear one day, rendering the padding parameter useless. The conversation then turns to the idea of listing gold plates on a company's balance sheet. It is clarified that the gold plates are an asset for the owner of the share, not the company itself. The use of gold plates to represent shares raises questions about whether the company is raising capital or selling gold. It is suggested that investors would appreciate the convenience of being able to buy shares separately from gold, and that using an IOU written on a gold plate does not make sense.
Updated on: 2023-06-08T18:33:22.694005+00:00