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

[marcus_of_augustus]

Cutting middlemen fees frees resources for the more important things.

... I saw some economic analysis once that showed transaction friction contributes/detracts from GDP like the 4th power, it's a powerful multiplier if that's the case

... makes sense though, the easier it is to trade, the more people trade more.

... AML/KYC, reporting requirements, bank fees, levies, duty, vat, gst ... it's all transactional friction and huge drag/hindrance to trade

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[ChartBuddy]

Explanation

[shahzadafzal]

Timechain wow I love it… I think timechain is more appropriate then block-chain. It’s really the time stamps which keeps the records and we record the transactions in a specific “time” once and for all, there’s no reversal no undo.

[marcus_of_augustus]

^^^ yes very few grokked this, it's a chain of time-stamped tx blocks, forming a timechain

[El duderino_]

 

I welcome you, but you must be new at the WO

Like this meme is been posted 37 times or something 

[wxa7115]

...For sure, it is going to take a decent amount of time to both get bitcoin to sink into the heads of the masses of normies, and even some folks who in invest into bitcoin do not really understand or appreciate some of the deeper aspects of bitcoin...

When I see images like that it reminds of a book I read long time ago in which the author described two conferences which were taking place at the same time, the first one was about entry and exit strategies and the conference was full of people taking notes and excited about the possibilities of becoming successful investors and traders.

The other conference was about money management and there were only ten people there and a few of them did not seemed very interested on the topic at hand and eventually left. leaving only 6 people at the conference, the author asked the phone numbers of those people and a few years later called them, he could not reach 2 of them but the remaining 4 became successful investors.

If the masses instead of concentrating on when to buy and sell took the effort to understand bitcoin even at a superficial level they will do way better financially than with whatever strategy they implement to buy and sell but for some reason they never think about this.

[NIZZAONE]

 

I welcome you, but you must be new at the WO

Like this meme is been posted 37 times or something  

allways the same with them WO noobs... 🙈

[ChartBuddy]

Explanation

[vroom]

Timechain wow I love it… I think timechain is more appropriate then block-chain. It’s really the time stamps which keeps the records and we record the transactions in a specific “time” once and for all, there’s no reversal no undo.

This is a good read about bitcoin and time: https://dergigi.com/2021/01/14/bitcoin-is-time/

[JayJuanGee]

Cutting middlemen fees frees resources for the more important things.

... I saw some economic analysis once that showed transaction friction contributes/detracts from GDP like the 4th power, it's a powerful multiplier if that's the case

... makes sense though, the easier it is to trade, the more people trade more.

... AML/KYC, reporting requirements, bank fees, levies, duty, vat, gst ... it's all transactional friction and huge drag/hindrance to trade

Overall aspects of this idea of free trade sounds like it is in the ballpark of correct, but bitcoin seems to be more than just a pigeon-holing of "free trade."

and, I am of the opinion that there is not necessarily anything bad with some of the taxing ideas that allow for government.. because government implies some abilities to go beyond individuals in terms of some goods and resources that have community (public) aspects to them.

To me, it seems that  some matters, interactions and use of resources do not get resolved in and of themselves. .. and of course, bitcoin can bring a lot of accountability to various governmental systems, but it does not take away the idea of public goods or the fact that if some individuals were left to their own devices they would consume way more than anything even close to their fair share...   I don't claim to know the solution, even though part of consensus as well would be that no one would necessarily know the solution either except for finding some balances.. and bitcoin likely brings a lot more fairness to this process over the status quo systems in which balances are frequently found in ways that hide some of the value robbing that is taking place over the public and ends up benefiting a narrow swath of disparately influential people.

allways the same with them WO noobs... 🙈

Not always exactly the same.

there is newbie variance

and sure there are some dumb-ass commonalities, too.

.. Accordingly, we (royal-ish) try to NOT be too judgmental or even to hold grudges against some of the newbie patterns that arise from time to time.   

 

[ChartBuddy]

Explanation

[OgNasty]

I wouldn’t be shocked to see a quick drop down to $43K sometime in the next 30 days. I feel like that will likely be the last dip before liftoff. First we need to see another round of liquidations. Prepare yourselves for a moment of silence in memory of those who are leveraged trading.

[El duderino_]

Eternal September. (Tuur Demeester) 

[fillippone]

 

I welcome you, but you must be new at the WO

Like this meme is been posted 37 times or something 

allways the same with them WO noobs... 🙈

Eternal September. (Tuur Demeester) 

[Toxic2040]

^^^ yes very few grokked this, it's a chain of time-stamped tx blocks, forming a timechain

+1 WOsMerit

for proper use of grokked

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Timechain wow I love it… I think timechain is more appropriate then block-chain. It’s really the time stamps which keeps the records and we record the transactions in a specific “time” once and for all, there’s no reversal no undo.

This is a good read about bitcoin and time: https://dergigi.com/2021/01/14/bitcoin-is-time/

+1 WOsMerit

excellent read...ty


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There has been remarkable progress in physics as to what time is over the last decade. In physics and in mathematical terms time has been seen as flowing forward from the past, to the present and on into the future in a 'smooth' continuous motion along the 'The Arrow of Time'. There is evidence that this is not the case and that time flows in discrete units and is more a stuttering of events.  

Interesting article.
https://www.quantamagazine.org/the-new-science-of-clocks-prompts-questions-about-the-nature-of-time-20210831/

A Smooth Order

One major aspect of the mystery of time is the fact that it doesn’t play the same role in quantum mechanics as other quantities, like position or momentum; physicists say there are no “time observables” — no exact, intrinsic time stamps on quantum particles that can be read off by measurements. Instead, time is a smoothly varying parameter in the equations of quantum mechanics, a reference against which to gauge the evolution of other observables.

Physicists have struggled to understand how the time of quantum mechanics can be reconciled with the notion of time as the fourth dimension in Einstein’s general theory of relativity, the current description of gravity. Modern attempts to reconcile quantum mechanics and general relativity often treat the four-dimensional space-time fabric of Einstein’s theory as emergent, a kind of hologram cooked up by more abstract quantum information. If so, both time and space ought to be approximate concepts.
    
The clock studies are suggestive, in showing that time can only ever be measured imperfectly. The “big question,” said Huber, is whether the fundamental limit on the accuracy of clocks reflects a fundamental limit on the smooth flow of time itself — in other words, whether stochastic events like collisions of coffee and air molecules are what time ultimately is.

“What we’ve done is to show that even if time is a perfect, classical and smooth parameter governing time evolution of quantum systems,” Huber said, “we would only be able to track its passage” imperfectly, through stochastic, irreversible processes. This invites a question, he said: “Could it be that time is an illusion and smooth time is an emergent consequence of us trying to put events into a smooth order? It is certainly an intriguing possibility that is not easily dismissed.”

A little deeper if you want.
https://arxiv.org/pdf/2007.02217.pdf

Another perspective.
The Physics and Philosophy of Time - with Carlo Rovelli

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Hold up there ChartBuddy

[Toxic2040]

some rambling here..just wanted to get a few thoughts down


Growing up at a homestead..a teepee in fact for several months as the cabin was built....no running water...no electricity...a outhouse 50 yards down the hill with a tin of lye in it...

The World has changed so much in my lifetime that I had thought I had seen it all. This is so far from truth that it is laughable....the World continues to change before my eye at such a rapid pace that it is dizzying at times. All the things I read about by candlelight as a child from the masters of the Golden Age of Science Fiction are now being realised. Self driving cars, Computers that are able to create new concepts, rockets that can land and will open up our solar system to exploration. Literally being able to create our own stars...

It is easy to brush past these things and focus on the negative. The constant bombardment of fear and doubt not only from the media but our political leaders as well. The thing of it is though...is that for every negative there is a positive to balance it out...or such is my belief. I believe that there is just a tiny bit more good than there is evil. At a even more fundamental level the Universe sprang into existence with just a little bit higher entropy than can be easily explained. Thus Matter and Time were born. This is why we exist and are able to move forwards.

Bitcoin is one of those positive changes. It is here to balance out the negative of the fiat system the World has fallen victim to.
We are on the cusp right now of a change that will reverberate throughout history. True financial sovereignty is upon us. The implications of this are so vast it is hard to quantify. Our mind grasps bits and pieces of what is important to ourselves but the overall picture is murky due to its profound impact it will have on society.

Stay the course and trust the process...we are the unsung heralds of a new age.


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anyway...the evening wall report

a few grand one way or another at this point is meaningless imho...now is the time to stack sats...now is the time for boldness

dyor

4h


D

stronghands