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

[Paashaas]

Institutional Bitcoin trading volume grows for 4 consecutive months.



https://bitcoinist.com/institutional-bitcoin-trading-volume-grows-for-4-consecutive-months/

[hisslyness]

Internet speeds are irrelevant, as they increase rapidly as data usage increases. The capacity is not even remotely near its maximum (last I checked 100~1000 GBit for consumers were possible but simply not sensible right now), even if you exclude all the satellites that are being launched over the coming years.

Data plans irrelevant as most countries don't have "data plans" for home use and offer unlimited bandwidth instead.

Storage is irrelevant as well. Even 4 TB SSDs only cost a few hundred bucks these days. By the time storage became an issue we'll have 50-100 TB hard drives for a couple hundred dollars.

RAM seems the only sensible bottleneck if your numbers are accurate. $6 per GB currently and I haven't seen RAM size increase as much as other hardware. But that seems to be mostly because of a lack of utility rather than technical implausibility.

I also fail to see how your highway analogy is supposed to hold. Highways are inherently limited by physical space. Hardware inherently works in a different way. If we had arbitrary amounts of space that we could build on economically we'd have no problem with building even a personal lane for every single human in the world. And with hardware we actually do. It takes sometime to develop and scale, but so far there's no end in sight to how much data we can get from any one point on earth to any other.


I have no idea about the implications on mining and centralization though.


As far as a "real game changer" is concerned. That's already Bitcoin. It solves one of humanity's biggest issues. Banks fucking around and screwing the entire population. For a new "real game changer" to appear we would first require a new "real problem".
And Bitcoin hasn't even been around long enough to really get rid of the issues that come with banking, privatized profits, socialized losses, as well as the fiat toilet paper printing press.

It'll probably take a few decades until we can really identify new serious problems and have people give enough of a shit about them for some to try and someone to actually succeed in solving them as well as people actually jumping ship.

yes totally agree with you on your last point....

The highway analogy was not about space to build the highway, but rather it doesn't matter how many lanes are built, it will still eventually get to the same outcome as a 1 lane highway. You will still end up with traffic congestion, nothing has been solved. I was merely trying to associate with the fact bitcoin developers was not concerned with building more lanes, ie increase block size, but focusing on alternate transport methods or alternate transport habits. ie layer 2 scaling.

There also comes to a point where you may never be able to run full node from scratch. Based on a 30sec a 1MB validation time and i have read somewhere that it may be quadratically longer the bigger the block. will try and find the whitepaper on that one, but for arguments sake i used a linear model. You will be validating previous blocks and never catching up.

Just to confirm the 30sec theory, i'd shutdown my Bitcoin Node, was 8 blocks behind, fired it back up and it took about 5mins to catch up 10 blocks, two blocks was found while validating/catching up.

Maybe in developed countries the internet is more reliable, but what about us third world internet countries, like here in Australia! Struggling to even get 100Mbit business internet grade, let alone consumer grade. Typical speeds are more like 10mbit.

BTW 100-1000Gbit Internet available right now? who the fuck is offering that? i want one right now!

Again, your highway analogy only works with restrictive limitations. More highways irl only converge towards congestion because we can't build them indefinitely in an economic manner. If we kept building highways indefinitely, then at some point there would be more lanes than humans and thus no congestion whatsoever, even long before each person gets their own lane.
And again, our bandwidth is not even remotely utilized to its full capacity even when ignoring future changes. Congestion is a non-issue, at least with the issues that you've raised so far. As soon as it became one our bandwidth and data plans would adapt and that's that.

I'm saying 100-1000Gbit are easily possible, probably more by now since I've read about this quite a while ago. There's just no reason to offer those bandwidths when the most a consumer does is stream multiple 4k videos at the same time. See for example this article from 2007: https://www.theregister.co.uk/2007/07/12/swedish_woman_has_fastest_internet_connection/

The argument with undeveloped countries (in terms of internet speed) doesn't hold if you argue for decentralization, unless you want the majority of "normal" people to run a node. There are enough people who can easily afford to run nodes and they don't. This won't change even if it's free simply because there's no immediate incentive for anyone to do so. If people acted in the ways necessary for that to work none of us would be using fiat money.


Edit: Not trying to say that there is no problem with big blocks. I don't know enough about the protocol to pass judgement on that front. But the bandwidth and storage issues seem heavily overblown to me and suffering from the same type of linear mindset that keeps people out of Bitcoin and investing in general.

Either, you are shit stirring me or you genuinely cannot see where the analogy leads you...

I leave you with this quote from Einstein,

"The definition of insanity is doing the same thing over and over again and expecting a different result"

(and yes, I know there is. no evidence that Einstein wrote or spoke the statement above)

[wachtwoord]

I have zero faith in cryopreservation.

I have zero faith in "uploading consciousness".

So, if you upload your consciousness...  is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ?   I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.

Deep thoughts...

Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.

I agree with you that without continuity it isn't you.

What about anesthesia?


Added SOMA to my bucket list.

Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.

I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? There would be 2 separate individuals with no direct brain connection. From your perception you would be the original one.

I think the only way to preserve continuity is through the "ship of theseus" (see: https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.

Edit:
And really play or watch SOMA. It's awesome. (For one some people suicide after copying because they believe that will make them wake up as the second mind in a weird sort of cult believe system).

[luckygenough56]

Posting women rock climbing in underwears is a thing now ? am so out of trend

[jojo69]

Jojo:  surely that’s well meant and endearing.

I'm stuck charging her an obsolete rate, can't bring myself to raise it on her, can't quit and have her find someone that will take advantage or rob her...

jojo : sugar daddy   

OK, that right there is funny

[VB1001]

https://ocean.builders/april-15th-initial-seastead-offering/

Maybe you can have 2 or 3 seastead apart from the set of owners, just to rent.
On a platform like airbnb, it may be another form of profitable, probably always have reservations.

I just had a group come out here last week to visit the seastead. One of them wants to do exactly that.

He wants to set up a SeaBnB on a few of these and get about 10 people to go in on one to split the cost/profit. He's figuring a 65% occupancy rate over 3 years pays for itself.

The configuration would be just a bed and bathroom instead of the standard which comes with a kitchen.

We also have a big investor that wants to set up an underwater restaurant. People visiting the restaurant will want a place to stay the night. We're figuring a capacity of 40 high end customers.

Fantastic, it's a good start, I've visited your page and this rounder model is more pleasing to the eye, I hope it's very successful.

Do not forget to publish your news in all the social networks, people nowadays move through these channels and the information arrives very fast to them.

[LFC_Bitcoin]

Posting women rock climbing in underwears is a thing now ? am so out of trend

Climbing walls G

[BTCMILLIONAIRE]

Either, you are shit stirring me or you genuinely cannot see where the analogy leads you...

I leave you with this quote from Einstein,

"The definition of insanity is doing the same thing over and over again and expecting a different result"

(and yes, I know there is. no evidence that Einstein wrote or spoke the statement above)

The analogy doesn't make sense, regardless of how many times your insane mind chooses to repeat it. Data can be visualized with highways but it's by no means bound by the same rules as human traffic. If you fail to see this I can't help you.

I have zero faith in cryopreservation.

I have zero faith in "uploading consciousness".

So, if you upload your consciousness...  is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ?   I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.

Deep thoughts...

Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.

I agree with you that without continuity it isn't you.

What about anesthesia?


Added SOMA to my bucket list.

Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.

I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? You would be 2 separate individuals with no direct brain connection.

I think the only way to preserve continuity is through the "ship of theseus" (see: https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.

Edit:
And really play or watch SOMA. It's awesome.

That's what you say, but how do you really know that the you that wakes up after being tranquilized is the same as the you that went to the doctor? I generally have a hard time finding a distinction between environment and body/mind. On a fundamental level they all seem the same.


For all practical intents and purposes however:

Slowly swapping out parts doesn't cut it for me, since I can't know if there isn't one "tiny spec of me" in the brain that once replaced kills me off without making any trace to external observers. The only way I'd be convinced would be if I could freely swap between digital and physical body, while also having the option to simultaneously perceive both.


What do you mean play or watch by the way? Is there a movie? Which would you recommend?

[wachtwoord]

Either, you are shit stirring me or you genuinely cannot see where the analogy leads you...

I leave you with this quote from Einstein,

"The definition of insanity is doing the same thing over and over again and expecting a different result"

(and yes, I know there is. no evidence that Einstein wrote or spoke the statement above)

The analogy doesn't make sense, regardless of how many times your insane mind chooses to repeat it. Data can be visualized with highways but it's by no means bound by the same rules as human traffic. If you fail to see this I can't help you.

I have zero faith in cryopreservation.

I have zero faith in "uploading consciousness".

So, if you upload your consciousness...  is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ?   I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.

Deep thoughts...

Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.

I agree with you that without continuity it isn't you.

What about anesthesia?


Added SOMA to my bucket list.

Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.

I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? You would be 2 separate individuals with no direct brain connection.

I think the only way to preserve continuity is through the "ship of theseus" (see: https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.

Edit:
And really play or watch SOMA. It's awesome.

That's what you say, but how do you really know that the you that wakes up after being tranquilized is the same as the you that went to the doctor? I generally have a hard time finding a distinction between environment and body/mind. On a fundamental level they all seem the same.


For all practical intents and purposes however:

Slowly swapping out parts doesn't cut it for me, since I can't know if there isn't one "tiny spec of me" in the brain that once replaced kills me off without making any trace to external observers. The only way I'd be convinced would be if I could freely swap between digital and physical body, while also having the option to simultaneously perceive both.


What do you mean play or watch by the way? Is there a movie? Which would you recommend?

I don't know for sure whether it's the same me that wakes up as the one that went to sleep. I consider it so, as the mind is continuous (not the conscious mind) and there are no obvious paradoxes possible (such as two versions of me existing at the same time) but I cannot be sure. For practical reasons there is no alternative (not sleeping means death).

SOMA is a video game that you should play. However, if you have limited time or don't like playing you can watch a playthrough and still experience the awesome story and world.

[siggy_77]

So, if you upload your consciousness...  is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ?   I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.

Deep thoughts...

Go play SOMA (or watch a playthrough). Very interesting story which makes you feel this dilemma first hand.

I agree with you that without continuity it isn't you.

What about anesthesia?


Added SOMA to my bucket list.

Anesthesia is like sleep, I don't consider going to sleep the same as dying. What differs it mainly from a mind upload is that your brain processing is continuous and it's not possible for several "instances" of "you" to exist simultaneously and grow apart.

I mean if I copy your brain and place it in a new host body do you expect to wake up in the other body? What if the original body (with your original brain) is revived as well? You would be 2 separate individuals with no direct brain connection.

I think the only way to preserve continuity is through the "ship of theseus" (see: https://en.m.wikipedia.org/wiki/Ship_of_Theseus) by slowly swapping out parts. So I believe in rejuvenation and transhumanism.

Edit:
And really play or watch SOMA. It's awesome.

My thinking on this pretty much mirrors yours...  I'm all for transhumanism so long as I can get past the continuity thing.. and pretty much the only solution I can get behind is the gradual replacement route.  

More Deep Thoughts..  At what point are we at the transhuman stage?  A lot of us already have artificial parts.. from the simple filled cavity all the way up to artificial heart valves.. Heck it is now possible to live a mostly normal life for a short time with a fully artificial heart......

and SOMA is now on the to-do list  

[jojo69]

-I do cheer for you to be dry for over 2 weeks, though you should be able to manage the drinking to be occasionally, over dinner evenings or @a Bday etc just skip the 5,6,7 beers a early morning everyday and you should be fine. Just don't forget to give yourself something from day to day as a reward ( like sometimes a fine wine over dinner, or a glass of bubbles to celebrate some dildo's etc)

nah

stay on the narrow way, at least another 2 weeks

took me almost 6 weeks to really start feeling more energy

[Spaceman_Spiff_Original]

I have zero faith in cryopreservation.

I have zero faith in "uploading consciousness".

So, if you upload your consciousness...  is it really 'you' at that point? Or is it just an exact copy of you, and you are actually dead ?   I've actually been pondering this recently, and I can't get past the continuity of consciousness during the upload process, to believe the end result would still be me.

Yeah, that's one of the big questions right?  

I guess part of the problem is that we (or at least I) don't have a clear view of what makes up a person/individual.  I mean, we know about brains being made out of neurons, glial cells etc., but have much more issues seeing how that translates to more abstract higher-order concepts such as consciousness, character etc. .

Perhaps the idea of an individual as a fixed entity is nonsensical. The 'you' of today is not the same as the 'you' of yesterday or that of 2 minutes ago.  Phineas Gage before a rod through his skull was not the same person as Phineas Gage after the rod.

I still really don't get how go from a collaborating lump of cells to something like a consciousness, hope I will be able to grasp it one day.

[LFC_Bitcoin]

I'm kinda expecting that big whale move to be a false flag and scare people to long. Making a bunch of shooters and they set long's and pump it.

I’ve never even bothered trying to find the ‘perfect’ time to buy. I’m not a trader, I’m a mere HODLER.
Buy & HODL, Buy & HODL. It’s worked well so far

Amateurs trying to day trade is a recipe for disaster. I don’t know why people bother. It’s clear that bitcoin is going to be worth a fuck load eventually. All that’s required is patience & then riches will show themselves

[Phil_S]

You can't copy the brain.

You can't "swap" real neurons to artificial ones.

Forget about the whole thing.

It's pseudoscience mumbo-jumbo.

[jojo69]

blocksize blablabla

HEY!

it is Wednesday jerkface

[Spaceman_Spiff_Original]

You can't copy the brain.

A brain is something made out of matter.  Are you saying it is theoretically impossible (nevermind for now how difficult it would be in practice) to create a duplicate of a piece of matter that consists of the same kind of atoms in the same state?

[LFC_Bitcoin]

You can't copy the brain.

A brain is something made out of matter.  Are you saying it is theoretically impossible (nevermind for now how difficult it would be in practice) to create a duplicate of a piece of matter that consists of the same kind of atoms in the same state?

FFS

This isn’t nerdtalk.org.

[Raja_MBZ]

You can't copy the brain.

A brain is something made out of matter.  Are you saying it is theoretically impossible (nevermind for now how difficult it would be in practice) to create a duplicate of a piece of matter that consists of the same kind of atoms in the same state?

I believe we're definitely goin' to see those artificially made-up brains in future:

Can We Copy the Brain?

https://towardsdatascience.com/can-we-copy-the-brain-9ddbff5e0dde

[JimboToronto]

Good AM Bitcoinland.

Still plowing along pretty much sideways but with a slight upward drift... currently $5266USD/$7020CAD (Bitcoinaverage).

Go Bitcoin go. Let's see a new AYH (all year high).

[JSRAW]

You can't copy the brain.

A brain is something made out of matter.  Are you saying it is theoretically impossible (nevermind for now how difficult it would be in practice) to create a duplicate of a piece of matter that consists of the same kind of atoms in the same state?

I believe we're definitely goin' to see those artificially made-up brains in future:

Can We Copy the Brain?

https://towardsdatascience.com/can-we-copy-the-brain-9ddbff5e0dde

3d printing going to play a big role in this as well.

3d printed brain-tissue-cells then sub conscience transfer with the AI or whatever brainy guys call it.

Shit load amount of Rats going to die in this process.

https://www.3ders.org/articles/20190403-3d-printed-transparent-skull-lets-scientists-see-how-the-brain-works.html