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Broseph

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About Broseph

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    Urban Legend

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    Utah

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  1. Ya'll already know who you are. For those who can reminisce in old times, pre-EOC -- glad we're still in touch.
  2. When so high value that you get DDOS'd off all 3 rounds of the EOP fullout.
  3. Broseph

    Cheating

    Only a small minority of women are capable and worthy of exclusive relationships. Most women belong to the community: she's not yours, it's just your turn. Look at her relationship with her father, as well as with her girl friends. If they're bratty, judgy, or full of drama -- next! And oh, never-ever date a feminist:
  4. SLC. PM your contact and how long you are in Utah. Intrigued, given that ski season is over. I frequently commute to PC. My point about the hot potato is that no one ultimately wants it for its own sake. All other points do not matter if this is the case. Cryptos is entirely dependent on a greater fool and network of users. For commodity money like gold, this is not the case, because the floor is its consumption value (e.g. jewelry, electronics, etc). Even when gold is "consumed," it also has the unique property of being inert, meaning that gold can also be re-extracted and can be repurposed for other uses, both in money and in consumption. I don't think the general demand for crpytos matter. Miners necessarily seek to make a profit, and cryptos also necessarily rely on miners to support an active network and facilitate transactions. If the revenue derived from the price of cryptos dips below the real operational cost of mining, what happens? Not only will people will stop mining, but the price of cryptos will drop even further! Like a positive feedback loop to irreversibly crashing. Unless speculative miners, like those in the very early existence of a cryptocurrency, expect the network to rebound and grow. As you can tell, I have a bias toward gold over cryptos. But very interested in how the technology can be applied toward gold. Utah is actually a pretty unique state for both the gold and crypto spaces, both in tax laws and innovation.
  5. @HELLA It's Pbk0. Nice seeing you. Can talk more individually. I don't think the Fundamentals (theory > history) behind Cryptos are sound. What's the difference between a Cryptocurrency and a hot potato? A literal hot potato can actually be demanded for its own consumption. As can precious metals. That commodity aspect, which is not dependent on networks for demand. I don't doubt that Cryptos have speculative potential, nor doubt its technological applications. But I don't believe that they can become a true monetary alternative. What happens when it becomes no longer profitable for miners to invest real energy and resources into maintaining the blockchain network? Although the decentralized ledger is robust, how can arbitrators be integrated to facilitate more complex financial transactions? And given my current understanding, there is no centralized exchange for real-time pricing. Instead, they are estimated by indexes and dealers (CoinBase). At least the dollar is backed by government belligerence, and can be redeemed for physical pieces of paper to wipe your ass, after they become worthless. Meanwhile, central banks have continued to advance their gold positions.
  6. Congrats dude. Nice having you back. And interesting timing for a lot of other returning Pre-EOC guys.
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