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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25871249 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
Karartma1
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March 02, 2018, 07:54:34 AM


Thank you for your words, I found my self thinking the same since I started digging more into Bitcoin! It's a shared feeling around here and that's what I like the most
1669697037
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Reply with quote  #2

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Biro Bob
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March 02, 2018, 08:05:04 AM

we were those kids

god, it seems like yesterday



Which one is Proudhon? I don’t recognise him with his Microphone.
BTCMILLIONAIRE
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March 02, 2018, 08:09:23 AM

I fear we are still hundreds of years away from really understanding our own wetware. 

Rubbish..look how fast and far we have progressed. I have seen economies of scale work too many times in my own lifetime to doubt in the least bit that we stand upon the event horizon.
The theoretical aspects of AI are pretty much set for human-level expansion. The bottleneck is hardware, and that's changing at a rapid pace.

Intel just brought out a new quantum chip. The faculty of Physics on this campus has just recently (couple years or so) started researching and creating hardware neural network chips.

There's also been research going on with new "substrates" for computers and storage devices.

These things snowball extremely quickly once the fundamental research has been done and things move into "physical production" territories, which we have been in for a few years now in the cases of quantum chips and neural network hardware (not sure what the current progress on using e.g. DNA for data storage or computing is).

No matter how rich or lucky I am, my lifetime is capped. No soft or hard fork can inflate my healthy living years to 1000.

It's important to make each minute count.

I agree with the second part, not necessarily with the first.

there was no crypto before Satoshi
there was no www before early nineties
there were no PCs just 43 years ago

Check out Altered Carbon (read the book before watching the show) or even more original Schild's Ladder (both published in 2002). Would you be able in, say, 40-50 years, transfer your mental state to a different substrate? A fascinating topic.
There's also quite an amount of promising looking research going on into longevity, such as halting or reversing the effects of aging (successful in worms and rats). There's also that whole deal with Crispr. Then there's that guy who's planning a head transplant. And research in nanotechnology. And we've got billions of dollars focusing on AI as well. A breakthrough in just one of these could quite rapidly shift us into a "indefinite lifespan" species.

I have had this talk with my kids..they are all born around the turn of the century. They could very well be the last generation to die of natural causes as the Post-Quantum age approaches. We are right on the brink of data density's that surpass that of the human brain. At about 100 billion neurons + 10 times that in glial cells, the human brain is a amazing structure. We are right on the verge of being able to replicate that via neural nets.
Some interesting reading.
Brains
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2776484/
Similarities of scale.
http://nautil.us/issue/50/emergence/the-strange-similarity-of-neuron-and-galaxy-networks
How many needed?
https://www.quora.com/How-many-neurons-are-needed-to-create-a-conscious-entity-Whats-the-minimum-number-of-neurons-to-trigger-that-consciousness
Large data storage technology needed to replicate a human brain.
https://archmission.org/about/

Many academics are saying this will be viable within 10 years. The ability of digital entities to adjust their own subjective time will be incredible.
I can't find any argument that really convinces me of consciousness being something unique to humans and/or animals. I also find it quite strange that we would try to separate our consciousness from the rest of the world. Studying statistics and probability theory on a theoretical level has got me tilting more and more towards "everything is conscious" and we're just walled off bits of consciousness.
BTCMILLIONAIRE
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March 02, 2018, 08:11:10 AM

Also regarding data storage:

https://petapixel.com/2016/02/16/glass-disc-can-store-360-tb-photos-13-8-billion-years/


I wish I had one of those, then I wouldn't have lost 4 terrabytes worth of old sentimental grade data by having two hard drives die simultaneously for no fucking reason.
Toxic2040
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March 02, 2018, 08:21:49 AM

Which one is Proudhon?

Haha..2nd from the right of course I would think. They are still lurking around..I see them pop up now and again.

Also regarding data storage:

https://petapixel.com/2016/02/16/glass-disc-can-store-360-tb-photos-13-8-billion-years/


I wish I had one of those, then I wouldn't have lost 4 terrabytes worth of old sentimental grade data by having two hard drives die simultaneously for no fucking reason.

Useful on a full node for years of blockchain storage no doubt. I would expect a pause/dip at 11.8k or so. a good chance to btd. Wonder when those shorts will start closing.
pacman7331
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March 02, 2018, 09:11:52 AM

I think I see a doji star? Maybe the tail is long though...

svdleer
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March 02, 2018, 09:30:57 AM

And below 11k again. Welcome to the weekend dump
mike4001
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March 02, 2018, 09:37:37 AM

And below 11k again. Welcome to the weekend dump

Yes ...

If this keeps up much longer I think 10-12k will be the peak for Bitcoin unless mass media pulls in the masses as they did last December. And this was a one-time thing as we all know.
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March 02, 2018, 09:41:31 AM

Bearish hammer on the 4 hour.  Bitcoin is dead.

Edit:  a small sudden surge in shorts closing. Traders exiting their positions in relief ?
Topbanker
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March 02, 2018, 10:41:21 AM

13k here we come!
fragout
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March 02, 2018, 10:48:20 AM

No matter how rich or lucky I am, my lifetime is capped. No soft or hard fork can inflate my healthy living years to 1000.

It's important to make each minute count.

I agree with the second part, not necessarily with the first.

there was no crypto before Satoshi
there was no www before early nineties
there were no PCs just 43 years ago

Check out Altered Carbon (read the book before watching the show) or even more original Schild's Ladder (both published in 2002). Would you be able in, say, 40-50 years, transfer your mental state to a different substrate? A fascinating topic.
There's also quite an amount of promising looking research going on into longevity, such as halting or reversing the effects of aging (successful in worms and rats). There's also that whole deal with Crispr. Then there's that guy who's planning a head transplant. And research in nanotechnology. And we've got billions of dollars focusing on AI as well. A breakthrough in just one of these could quite rapidly shift us into a "indefinite lifespan" species.

I don't see the advantage of transferring ones mental state to a different substrate. The second it happens, you end up with basically two of you. The original (you) will carry on in a different path and die eventually and the new you will do its own thing.
Reversing the age process is a different matter though and probably within reach at some stage.
A closer option though if we figure out brain transplants is cloning. Having a clone of yourself in a lab and performing a brain transplant to said clone when needed. Highly unethical of course as you are killing the clone brain effectively, but the rich would get over this hurdle im sure.
Last of the V8s
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March 02, 2018, 10:57:06 AM

til http://www.thestacksreader.com/who-killed-jaco-pastorius/  Shocked
Wekkel
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March 02, 2018, 11:08:04 AM

This cloning thing looks familiar to the tech displayed in the sci-fi thriller series ‘Altered Carbon’.
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March 02, 2018, 11:12:28 AM
Last edit: March 02, 2018, 11:39:44 AM by Last of the V8s

this twat https://www.bloomberg.com/news/articles/2018-03-02/bitcoin-s-plunge-in-volume-stirs-questions-about-its-popularity
BOE’s Carney Calls for Regulation to End Cryptocurrency Anarchy
https://twitter.com/technology/status/969519059178958848

whereas lots of good news recap, and great TA in the 2nd half: https://bravenewcoin.com/news/bitcoin-price-analysis-the-confluence-of-bullish-continuation/
Rosewater Foundation
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March 02, 2018, 11:38:27 AM

And below 11k again. Welcome to the weekend dump

Yes ...

If this keeps up much longer I think 10-12k will be the peak for Bitcoin unless mass media pulls in the masses as they did last December. And this was a one-time thing as we all know.

I think we all knew $11k wouldn't blend.
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March 02, 2018, 11:47:04 AM

The Ethereum network is “largely undocumented“

Quote
“We build sophisticated systems on top of this infrastructure and it is important people make sure that the infrastructure itself is secure,” she said.  


https://bitcoinmagazine.com/articles/researchers-explore-eclipse-attacks-ethereum-blockchain/#1519922562

Meanwhile the long / shorts ratio is rising as more shorts are closed.  The indicator will turn bullish in another 12 hours at the current rate.


ssl image
Torque
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March 02, 2018, 11:48:13 AM

snip

Mark my words, before too long banks will be offering to hold your bitcoin for you (securely of course) and transferring between fiat to btc, and back, with little to no fee as incentive.
snip
meanwhile Rabobank wants our bitcoins
http://www.rabobit.nl/

Store your cryptocurrencies in a wallet hosted by a trusted party and within the secure online banking environment.


edit to add https://www.coindesk.com/digital-currency-group-invests-in-crypto-friendly-silvergate-bank/ Barry bought him some bank

Yep, contagion is spreading fast

https://www.zerohedge.com/news/2018-03-01/liechtenstein-bank-offers-direct-cryptocurrency-investment-and-cold-storage-wallet
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March 02, 2018, 11:52:02 AM
Merited by HairyMaclairy (1)

The Ethereum network is “largely undocumented“

Quote
“We build sophisticated systems on top of this infrastructure and it is important people make sure that the infrastructure itself is secure,” she said.  


https://bitcoinmagazine.com/articles/researchers-explore-eclipse-attacks-ethereum-blockchain/#1519922562

So a researcher named Goldberg explores attacks on the Rube-Goldberg machine network.

Classic.
sirazimuth
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March 02, 2018, 12:00:22 PM

https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

A bunch of crypto elites are trying to form a crypto utopia in Puerto Rico.


I think I'm having a deja-vu thingy....

https://bitcointalk.org/index.php?topic=178336.msg29541155#msg29541155
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March 02, 2018, 12:04:28 PM


for me it's like treja-vu https://bitcointalk.org/index.php?topic=178336.msg29490147#msg29490147
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