Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[STT]

Good pin, rise from support and actually we arrive at a possible ceiling or fib level.    Not a hard level exactly but possibly a high like a few days ago and I believe its higher so generally bullish action.

11189 to beat which is also the shoulders of a head shoulders formation around mid February.  I expect resistance in short

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[HairyMaclairy]

we were those kids

god, it seems like yesterday

Jojo, it was yesterday. 

[Toxic2040]

we were those kids

god, it seems like yesterday

[Rosewater Foundation]

$11k does not want to blend. Blend harder!

[infofront]

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.

[Rosewater Foundation]

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.

"Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which ...."

*shivers*

[BTCMILLIONAIRE]

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.

[STT]

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.

Peter Schiff was talking about them, says the best thing they could do is buy land and setup business in  Puerto Rico because he believes all their digital assets will return to zero as he gives no worth to any crypto digital technology.  The reasoning being a lack of copyright like traditional non tangible assets.

Doesnt matter about agree or disagree with that point of view, it is probably a smart move to diversify and secure costs.  So the favourable tax laws and also owning your own land, good idea for anyone.   With the lack of power mentioned in the tail end of that article, I also hope they are considering becoming energy independent via solar power or similar.

Actually theres a long line of articles on attempts to found free capitalism states, countries even.   Not aware of anything being too sucessful, Puerto Rico has the problem of debts ongoing and it might just become a conventional state in the end anyway with all the same tax laws.

there was no crypto before Satoshi

cryptography has been around a long time in some form, Satoshi securitised it into a digestible transmittable form.  There was PGP etc.
The whole tradable assets thing is what has conventional finance so flustered now.   I said to people Dollar was a digital asset and they wouldnt accept it, the metal coins mean nothing nowadays and the worth is largely theortical decided by Federal reserve in conference with US treasury a duopoly

[ErisDiscordia]

A question running through my mind for the last few months:
For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses?  What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today.  Maybe it's not yet a question that can really be answered today. Maybe better,  How has your relationship to money changed since bitcoin?  Too serious?
  

I believe technology is the big underappreciated factor in the evolution of human society and civilization.

The people who want to vote in change & elect strong leaders to impose this or that ideology have it backwards. As do the people who think race & genetics are the dominant factors shaping human society (and we have plenty of those in this thread). What sets humans apart from the rest of the animal world is their ability to manipulate symbols. This leads to increasing accumulated knowledge, complexity of society and a quickening pace of change.

Put simply it goes like this: technological change --> cultural change --> institutional change

For historical examples, consider the impact of technologies like: fire, agriculture, writing, the printing press, gunpowder and the internet. They all changed society drastically and in ways which were unpredictable at the time. Seeing Gutenberg print his first run of bibles, would you have predicted that this would help break up an 1500 year old institution in two?

The societal impact of a technology like Bitcoin is hard to predict. Here is how it has changed my life in the 5 years I have been involved:

- I spend money on consumer stuff less often but when I do, I go more for quality and durability.
- My drive to save money has been ramped up to 11.
- I knew nothing about cryptography and IT security before Bitcoin. Now I know something.
- Money is suddenly an exciting topic of conversation and I realize most people misunderstand it completely.
- I feel the weight and freedom of full responsibility for my wealth on my shoulders and act accordingly.
- I care about money even less than before. It's become even more abstract, numbers on a screen, not worth ruining my health & mood for.

Perhaps most importantly: I have hope for the future. Thank you, Satoshi!

[Icygreen]

Well said ^   Similar changes in my life and still happening daily.  Love not caring so much anymore. That's been the biggest relief and ironically, the less I care, the more that becomes available.

[Toxic2040]

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 spend money on consumer stuff less often but when I do, I go more for quality and durability.
- My drive to save money has been ramped up to 11.
- I knew nothing about cryptography and IT security before Bitcoin. Now I know something.
- Money is suddenly an exciting topic of conversation and I realize most people misunderstand it completely.
- I feel the weight and freedom of full responsibility for my wealth on my shoulders and act accordingly.
- I care about money even less than before. It's become even more abstract, numbers on a screen, not worth ruining my health & mood for.

Perhaps most importantly: I have hope for the future. Thank you, Satoshi!

+10 WOsMerits
I could not agree more.

Solving the Byzantine Generals dilemma was the game changer.

Alright...looks like its about time for another leg up.

[HairyMaclairy]

I don't believe we will be able to transfer consciousness anytime in the foreseeable future.  It is such a fragile thing - look at the mentally ill with their fully intact wetware. 

Data density on its own is not particularly helpful.  Siri is leading edge AI connected to the most powerful network (the internet) yet she is frightfully dim. 

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

[Toxic2040]

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.

[Elwar]

we were those kids

god, it seems like yesterday

Just get to the seastead in one piece.

Been in Tahiti for almost a month now to work on that. Exciting times ahead.

[Karartma1]

snip
  

MUST READ POST

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

[Biro Bob]

we were those kids

god, it seems like yesterday

Which one is Proudhon? I don’t recognise him with his Microphone.

[BTCMILLIONAIRE]

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]

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]

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]

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