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An Alternative Theory of Inertia will Get Tested in Space – Universe Today

March 20, 2023 | Author: admin

One of the most exciting aspects of the current era of space exploration (Space Age 2.0) is how time-honored ideas are finally being realized. Some of the more well-known examples include retrievable and reusable rockets, retrieval at sea, mid-air retrieval, single-stage-to-orbit (SSTO) rockets, and kinetic launch systems. In addition, there are also efforts to develop propulsion systems that do not rely on conventional propellants. This technology offers many advantages, including lower mass and improved energy efficiency, ultimately leading to lower costs.

On June 10th, 2023, an all-electrical propulsion system for satellites (the IVO Quantum Drive) will fly to space for the first time. The system was built by North Dakota-based wireless power company IVO, Ltd., and will serve as a testbed for an alternative theory of inertia that could have applications for propulsion. The engine will launch atop a SpaceX Falcon 9 rocket as part of a dedicated rideshare (Transporter 8) hosted by commercial partner Rogue Space Systems. If the technology is validated, the Quantum Drive could trigger a revolution in commercial space and beyond. And if not, then we can relax knowing that the laws of physics are still the laws of physics!

It is no secret that the world is undergoing a major transition in terms of energy, transport, manufacturing, and infrastructure. In addition to advancements in computing, 3D printing, and artificial intelligence, a major driving force behind these changes is the desire for cleaner, more sustainable alternatives. This has led to innovations like wireless internet and devices, electric cars, EV charging stations, and miniaturized solar cells and wind turbines. Unfortunately, these innovations rely on toxic batteries and unsafe charging technologies.

Founded in 2017 by Richard Mansell, Ken Mansell, Daniel Telehey, and Matthew Silbernagel, IVO was launched to address the major issues facing technology and innovation today. To this end, IVO has focused on developing wireless energy transmission solutions using a technology known as Capacitive Based Aerial Transmission (CBAT). This flexible, scalable technology allows manufacturers to reduce their battery size by up to 50% and is on track to disrupt the green energy industry.

In addition, the past decade has seen a sharp increase in the number of commercial space companies, leading to innovations like reusable rockets and microsatellites. Because of this, space has become far more accessible, with more nations, companies, and academic institutions sending payloads to orbit. Alas, the space industry is still reliant on propellants that are toxic (or produce toxic byproducts) or produce huge amounts of greenhouse gas. Using kerosene and methane-based fuels, rocket launches can release up to 100 times more CO2 into the atmosphere (per passenger) than a long-distance flight.

In 2021, IVO began to develop a new all-electrical propulsion system that leveraged an alternate theory about inertia. Known as the IVO Quantum Drive, this proposed system relies on the theory ofQuantized Inertia (QI), a controversial idea that many physicists view as a fringe theory.

The theory of QI was first proposed in 2007 by University of Plymouth physicist Mike McCulloch as an alternative to the Lambda Cold Dark Matter (LCDM) model. This theory was an attempt to reconcile General Relativity (GR) and Quantum Field Theory (QFT) to explain the rotational curves of galaxies in a way that did not require Dark Matter (and as an explanation for the Pioneer Anomaly). The theory comes down to two essential elements:

McCulloch also claimed that this theory could provide a foundation for launching space vehicles without fuel. The theory has been challenged repeatedly, and in 2012, astrophysicists solved the Anomaly by concluding that non-uniform heat emission from the spacecraft slowed their speed. Nevertheless, in recent years, McCullough and his colleagues were awarded a DARPA grant to conduct experiments to investigate QI in a laboratory setting. With the launch of the IVO Quantum Drive, the theory will be tested in space for the first time.

If validated, such a system would provide multiple advantages over conventional propellants, the most notable of which is extreme efficiency. According to IVO, a single Quantum Drive can achieve up to 52 millinewtons (mN) of thrust from a single watt of electricity supplied via a combination of onboard power storage and solar power. This would be a considerable improvement over Hall-Effect thrusters (ion engines), which can achieve 25250 mN of thrust, have lower energy efficiency (65-80%), and require more power 17 kilowatts (kW).

Another benefit, according to IVO, is the modular design of the thruster, which allows multiple units to be stacked (and on multiple axes) to achieve greater thrust and meet the needs of individual spacecraft. On top of that, a typical Hall-Effect thruster will weigh more than 200 kg (440 lbs), while a single external and internal Quantum Drive unit weighs just 186.6 grams and 103.5 grams (6.6 and 3.65 oz), respectively. As co-founder Telehey, now the Chief Operating Officer of IVO Ltd., told Universe Today via email:

The IVO Quantum Drive really is a total departure from the current limitations of modern space propulsion. It is the first pure electric propulsion device, meaning it requires only electricity to run. Gone are the days of complex fuel systems which require special fuel solutions to propel the spacecraft. As long as we have electricity, we have thrust, which is why unlimited Delta-V is possible for the first time ever. Due to its self-contained nature, this is the first propulsion device that can be completely internal to a spacecraft.

The self-contained thruster can also be mounted in any orientation, offering up to 6 degrees of freedom. Eliminating propellants would also eliminate the need for bulky and heavy storage tanks, reducing a spacecrafts overall mass and increasing its payload capacity. Lastly, a propulsion system that doesnt require propellant removes the need for satellite refueling or deorbiting due to fuel limitations. Said Telehey, these advantages will drive the most dramatic shift in terms of cost reduction that the space industry has ever seen.

Already, IVO Ltd. has worked with E-Labs (a Virginia-based testing and evaluation facility) to validate the Quantum Drive in a simulated space environment. As Mansell described it:

The Quantum Drive was tested and the thrust was measured within high vacuum chambers (down to 410-6 Torr) in multiple configurations to eliminate possible artifact forces such as electromagnetic, electrostatic, Lorentz, Corona discharge, ion wind, etc. Control Drives were also produced to provide baseline measurements. All test setups were evaluated by third-party individuals. All Quantum Drives showed thrust consistent with predicted Quantized Inertial calculations. Control Drives confirmed that thrust measurements were not consistent with any other known forces.

To test their propulsion system in space, IVO Ltd. has teamed up with orbital robotics developer Rogue Space Systems. Rogue is engineering the first generation of Orbital Robots (known as OrbotsTM) to facilitate humanitys growing presence in space. The Orbot family currently consists of the Laura Orbot, designed to inspect, monitor and observe, and Fred, designed to move satellites and other assets to and from different orbits. A third spacecraft is planned, the details of which are to be announced sometime later this year.

All three spacecraft are supported by an operating system that incorporates machine learning and autonomous capability the AI-Enabled Sensory Observation Platform (AESOP). This system allows the Orbots to operate autonomously, compensating for communication lags and periods when the spacecraft is not visible to control stations on the ground. It also provides collision avoidance and proximity tracking, allowing the Orbot to position itself automatically near a target satellite and determine how to service it properly.

Our partnership with Rogue Space Systems stems from our shared passion for innovation and an ultimate objective to expand human capability, said Telehey. Humanity has been looking up at the stars for thousands of years with wonder and curiosity. Now, for the first time in the history of humanity, we have the ability to reach out and touch these distant places. Our organizations take this seriously and, together, IVO and Rogue intend to make history.

Naturally, the news of this test and the companys claims have been met with considerable skepticism by many scientists. Notably, theres Andrew Higgins, a professor of mechanical engineering at McGill University and the leader of the Interstellar Flight Experimental Research Group. In 2018, Higgins published a paper titled Reconciling a Reactionless Propulsive Drive with the First Law of Thermodynamics, where he demonstrated that an electromagnetic drive that does not use propellant was not physically sound.

According to Higgins, electromagnetic devices that do not rely on propellant can generate no more than 3.33 micronewtons per kilowatt (?N/kW) of thrust, or else they end up being a kind of perpetual motion machine. This is due to the fact that applying constant force results in constant acceleration, which means that the objects kinetic energy increases quadratically over time, whereas the energy input increases linearly. As a result, the objects kinetic energy will exceed the energy input, and (if this energy is collected via deceleration) there would be a net gain in energy.

In short, the concept violates the First Law of Thermodynamics, which states that the internal energy (E) of a system is equal to the difference between the heat transfer (Q) into a system and the work (W) done by the system expressed mathematically as E2-E1=Q-W. As Higgins told Universe Today via email:

My take on the IVO Quantum Drive is the same as the EM drive, the Woodward Mach effect thruster, or any other device that claims to take a power input and generate thrust output, with no other interactions with a reaction mass or some other mass to push against. It is trivial to show such a device can be converted into a perpetual motion machine of the first kind. That is, a machine that just generates power from a black box, with no other interactions.

In response, Mansell has stated that the Quantum Drive is not a reactionless system and is not comparable to the EM Drive. The Theory of Quantised Inertia provides for some unique ways to move spacecraft without fuel and without violating Newtons laws of motion, he said. The Quantum Drive uses electricity and our patent pending configuration to move spacecraft. This configuration has been tested as much as it can on Earths surface. The next and definitive test will be in LEO.

Based on current levels of growth, the commercial space sector is projected to reach a total value of $1.4 trillion by 2030. Similarly, the green energy sector is projected to reach $1.4 trillion before the end of the decade. These parallel developments illustrate the potential for companies in space, where accessibility is increasing, and the demand for cleaner, safer, and more efficient alternatives is high. And therein lies the point of this demonstration, which is to test the system and the theoretical physics on which it is based.

If it fails, scientists can rest easy that the laws of physics dont need to be revised. If it succeeds, it will open the door to tremendous opportunities. Ultimately, it seems fair to say that everyone (pro or con) is excited to see what comes of it!

The launch is scheduled for June 10th and will be live-streamed via SpaceXs Youtube feed. You can also watch the countdown and track the launch via the IVO Ltd website.

Further Reading: IVO Ltd., Rogue Space Systems

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Time reflections sound like science fiction, but they were just proven … – BGR

March 20, 2023 | Author: admin

For more than 50 years, scientists have theorized that a special kind of reflection known as time reflections have existed in the realm of quantum mechanics. However, proving the existence of this intriguing mechanic has always seemed impossible, at least until recently.

While the term time reflection might bolster images of time-traveling movies and science fiction, these reflections arent really time travel. Instead, a time reflection occurs whenever an entire medium in which an electromagnetic wave travels completely changes course. This causes a part of the wave to reverse, transforming its frequency.

But these reflections require what scientists call a uniform variation across their entire electromagnetic field. Because of this, scientists have always believed that time reflections would require too much energy for us to observe them in action. However, scientists from the Advanced Science Research Center at the CUNY Graduate Center in New York City have successfully observed such a reflection.

To accomplish this spectacle, the researchers sent broadband signals through a strip of metal filled with electronic switches, all connected to reservoir capacitors. This allowed the researchers to trigger the switches whenever they wanted, increasing the impedance throughout the metal strip. The sudden change then caused the signals to carry time reflections successfully.

The researchers published the results of these findings in a paper in the journal Nature Physics. Accomplishing such a feat wasnt easy, but the discovery here could completely change how some scientists approach this intriguing mechanic in the future. If nothing else, proving the existence of time reflections is a huge step forward in the field of quantum mechanics. And it answers a question that has nagged scientists for over five decades.

The researchers note that these special quantum reflections also behave differently than our standard spatial reflections. As such, the time reflections echo the last part of the signal first. That means if you were to stare into a time mirror, you wouldnt see your face looking back at you. Instead, youd be staring at your back.

The study of time travel isnt a new one, and neither is the quest to prove the existence of time reflections. But now that scientists have managed to reverse time on a quantum level, and even showcase how time reflections happen, perhaps well see additional breakthroughs in this field popping up over the next several years.

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Machine intelligence and humanity benefit from spiral of mutual learning, says AI researcher and proponent of cognitive physics – Newswise

March 20, 2023 | Author: admin

Newswise Deyi Li from the Chinese Association for Artificial Intelligence believes that humans and machines have a mutually beneficial relationship. His paper on machine intelligence, which was published Feb. 15 inIntelligent Computing, a Science Partner Journal, builds on five groundbreaking works by Schrdinger, the father of quantum mechanics, Turing, the father of artificial intelligence, and Wiener, the father of cybernetics.

Schrdinger and beyond: Machines can think and interact with the world as time goes by.

Inspired by Schrdingers book What is Life? The Physical Aspect of the Living Cell, Li believes that machines can be considered living things. That is, like humans, they decrease the amount of entropy or disorder in their environment through their interactions with the world.

The machines of the agricultural age and the industrial age existed only at the physical level, but now, in the age of intelligence, machines consist of four elements at two different levels: matter and energy at the physical level, and structure and time at the cognitive level. The machine can be the carrier of thought, and time is the foundation of machine cognition, Li explained.

Turing and beyond: Machines can think, but can they learn?

In 1936, Turing published what has been called the most influential mathematics paper, establishing the idea of a universal computing machine able to perform any conceivable computation. Such hypothetical computers are called Turing machines. His 1950 paper Computing Machinery and Intelligence introduced what is now known as the Turing test for measuring machine intelligence, sparking a debate over whether machines can think. A proponent of thinking machines, Turing believed that a child machine could be educated and eventually achieve an adult level of intelligence.

However, given that cognition is only one part of the learning process, Li pointed out two limitations of Turings model in achieving better machine intelligence: First, the machines cognition is disconnected from its environment rather than connected to it. This shortcoming has also been highlighted in a paper by Michael Woodridge titledWhat Is Missing from Contemporary AI? The World.Second, the machines cognition is disconnected from memory and thus cannot draw on memories of past experiences. As a result, Li defines intelligence as the ability to engage in learning, the goal of which is to be able to "explain and solve actual problems."

Wiener and beyond: Machines have behavioral intelligence.

In 1948, Wiener published a book that served as the foundation of the field of cybernetics, the study of control and communication within and between living organisms, machines and organizations. In the wake of the success of the book, he published another, focusing on the problems of cybernetics from the perspective of sociology, suggesting ways for humans and machines to communicate and interact harmoniously.

According to Li, machines follow a control pattern similar to the human nervous system. Humans provide missions and behavioral features to machines, which must then run a complex behavior cycle regulated by a reward and punishment function to improve their abilities of perception, cognition, behavior, interaction, learning and growth. Through iteration and interaction, the short-term memory, working memory and long-term memory of the machines change, embodying intelligence through automatic control. In essence, control is the use of negative feedback to reduce entropy and ensure the stability of the embodied behavioral intelligence of a machine, Li concluded.

The strength of contemporary machines is deep learning, which still requires human input, but leverages the ability of devices to use brute force methods of solving problems with insights gleaned directly from big data.

A joint future: from learning to creating

Machine intelligence cannot work in isolation; it requires human interaction. Furthermore, machine intelligence is inseparable from language, because humans use programming languages to control machine behavior.

The impressive performance of ChatGPT, a chatbot showcasing recent advances in natural language processing, proves that machines are now capable of internalizing human language patterns and producing appropriate example texts, given the appropriate context and goal. Since AI-generated texts are increasingly indistinguishable from human-written texts, some are saying that AI writing tools have passed the Turing test. Such declarations provoke both admiration and alarm.

Li is among the optimists who envision artificial intelligence in a natural balance with human civilization. He believes, from a physics perspective, that cognition is based on a combination of matter, energy, structure and time, which he calls hard-structured ware, and expressed through information, which he calls soft-structured ware. He concludes that humans and machines can interact through multiple channels and modes to gain wisdom and intelligence, respectively. Despite their different endowments in thinking and creativity, this interaction allows humans and machines to benefit from each other's strengths.

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Dark energy fills the cosmos. But what is it? – Popular Science

March 20, 2023 | Author: admin

The universe has a dark sideits filled with dark matter and dark energy. Dark matter is the unseen mass floating around galaxies, which physicists have searched for using giant vats of ice, particle colliders, and other sophisticated techniques. But what about dark matters stranger sibling, dark energy?

Dark energy is the term given to something that is causing the universe to expand faster and faster as time goes on. The great puzzle facing cosmologists today is figuring out the identity of that something.

We can tell you a lot about the properties of dark energy and how it behaves, says astrophysicist Tamara Davis, a professor at the University of Queensland in Australia. However, we still dont know what it is. Thats the big question.

Astronomers have long known that the universe is expanding. In the early 1900s, Edwin Hubble observed galaxies in motion and created Hubbles Law, which relates a galaxys velocity to its distance from us. At the end of the 20th century, though, new detections of supernovae in far-off galaxies revealed a conundrum: The expansion of the universe isnt constant, but is instead speeding up.

The fact that the universe is accelerating caught us all by surprise, says University of Texas at Austin astrophysicist Katherine Freese. Unlike the attractive force of gravity, dark energy must create some sort of repulsive behavior, driving things apart from one another more and more quickly, adds Freese.

Many observations since the 1990s have confirmed that the universe is accelerating. Exploding stars in distant galaxies appear fainter than they should have been in a steadily-expanding universe. Even the cosmic microwave backgroundthe remnant light from the first clear moments in the universes historyshows fingerprints of dark energys effects. To explain the observed universe, dark energy is a necessary component of our mathematical models of cosmology.

[Related: Dark matter has never killed anyone, and scientists want to know why]

The term dark energy was coined in 1998 by astrophysicist Michael Turner to match the nomenclature of dark energy. It also conveys that the universes accelerating expansion was a crucial, unsolved problem. Many scientists at the time thought that Albert Einsteins cosmological constanta fudge factor he included in general relativity to make the math work out, also known as lambdawas the perfect explanation for dark energy, since it fit nicely into their models.

It was my belief that it was not that simple, says Turner, now a visiting professor at UCLA. He views the accelerating universe as the most profound problem and the biggest mystery in all of science.

The Lambda-CDM model, which says we live in a universe that consists of only 5 percent normal mattereverything youve ever seen or touchedplus 27 percent dark matter and a whopping 68 percent dark energy, is the current paradigm in cosmology, says Yale astrophysicist Will Tyndall. It rather ambitiously seeks to incorporate (and explain) all of cosmic history, he says. But it still leaves a lot unexplained, including the nature of dark energy. After all, how can we have so little understanding of something that supposedly constitutes 68 percent of the universe we live in? adds Tyndall.

Dark energy is also a major deciding factor in our universes ultimate fate. Will the universe be torn apart in a Big Rip, in which everything is shredded apart atom by atom? Or will it end in a whimper?

These scenarios depend on whether dark energy changes with time. If dark energy is just the cosmological constant, with no variation, our universe will expand eternally into a very lonely place; in this scenario, all the stars beyond our local cluster of galaxies would be invisible to us, too red to be detected.

If dark energy gets stronger, it might lead to the event known as the Big Rip. Maybe dark energy weakens, and our universe crunches back down, starting the cycle all over with a new big bang. Physicists wont know which of these scenarios lies ahead until they have a better handle on the nature of dark energy.

Dark energy shows up in the mathematics of the universe as Einsteins cosmological constant, but that doesnt explain what physically causes the universes expansion to speed up. A leading theory is a funky feature of quantum mechanics known as the vacuum energy. This is created when pairs of particles and their antiparticles quickly pop into and out of existence, which happens pretty much everywhere all the time.

It sounds like a great explanation for dark energy. But theres one big issue: The value of the vacuum energy that scientists measure and the one they predict from theories are wildly and inexplicably different. This is known as the cosmological constant problem. Put another way, particle physicists models predict that what we think of as nothing should have some weight, Turner says. But measurements find it weighs very little, if anything at all. Maybe nothing weighs nothing, he says.

[Related: An ambitious dark energy experiment just went live in Arizona]

Cosmologists have raised other explanations for dark energy over the years. One, string theory, claims that the universe is made up of tiny little string-like bits, and the value of dark energy that we see just happens to be one possibility within many different multiverses. Many physicists consider this to be pretty human-centric in its logicwe couldnt exist in a universe with other values of the cosmological constant, so we ended up in this one, even if its an outlier compared to the others.

Other physicists have considered changing Einsteins equations for general relativity altogether, but most of those attempts were ruled out by measurements from LIGOs pioneering observations of gravitational waves. In short, we need a brilliant new idea, says Freese.

New observations of the cosmos may be able to help astrophysicists measure the properties of dark energy in more detail. For example, astronomers already know the universes expansion is acceleratingbut has that acceleration always been the same? If the answer to this question is no, then that means dark energy hasnt been constant, and the lives of physics theorists everywhere will be upended as they scramble to find new explanations.

One project, known as the Dark Energy Spectroscopic Instrument or DESI, is already underway at Kitt Peak Observatory in Arizona. This effort searches for signs of varying acceleration in the universe by cosmic cartography. It is like laying grid-paper over the universe and measuring how it has expanded and accelerated with time, says Davis.

Even more experiments are upcoming, such as the European Euclid mission launching this summer. Euclid will map galaxies as far as 10 billion light-years awaylooking backward in time by 10 billion years. This is the entire period over which dark energy played a significant role in accelerating the expansion of the universe, as its mission website states. Radio telescopes such as CHIME will be mapping the universe in a slightly different way, tracing how hydrogen spreads across space.

New observations wont solve everything, though. Even if we measure the properties of dark energy to infinite precision, it doesnt tell us what it is, Davis adds. The real breakthrough that is needed is a theoretical one. Astronomers have a timeline for new experiments, which will keep marching forward, recording better and better measurements. But theoretical breakthroughs are unpredictableit could take one, ten, or even a hundred-plus years. In science, there are very few true puzzles. A true puzzle means you dont really know the answer, says Turner. And I think dark energy is one of them.

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Carl Jung: How to Stay Calm in Anxious Times – Exploring your Mind

March 20, 2023 | Author: admin

Life, as Carl Jung told us, is a constant paradox. One minute it can be miserable and the next pure joy. To deal with these ups and downs. we must embrace the inherent chaos that defines our existence. But, how do we do it?

Last update: 17 March, 2023

Wolfgang Pauli was one of the pioneers in the study of quantum physics. He won the Nobel Prize for proposing the theory of the exclusion principle and establishing studies on the neutrino. We could say that he was one of the most brilliant minds of the 20th century in the field of physics. However, his personal and emotional life was extremely chaotic. For this reason, in 1932, he began therapy with Carl Jung.

That meeting, which began for clinical reasons, gave way to one of the most unique and productive friendships in the world of psychology and science. Arthur I. Miller, in the book Deciphering the Cosmic Number ( 2009), tells in detail about many of their meetings in Jungs Gothic mansion on the shores of Lake Zurich.

Carl Jung was renowned for helping people take their inner worlds seriously. He claimed it didnt matter how brilliant an individual is if theyre ruled by feelings of discouragement. Therefore, his goal was to guide his patients and friends to understand that anyone can escape the darkest of times by following some specific guidelines.

Life itself has no rules. That is its mystery and its unknown law.

-Carl Jung-

The reasons why the Nobel laureate, Wolfgang Pauli asked Carl Jung for help can be found in another book; Atom and Archetype: The Pauli/Jung Letters, 1932-1958. This book contains an exchange of letters between both figures. Pauli had been going through a really stressful time that had led him to drink and relinquish many of his relationships. He also suffered from extremely turbulent nightmares.

Carl Jung not only guided him to escape his pit of suffering and anguish. In addition, as a physicist and psychologist, he forged an extremely productive intellectual alliance with him. In fact, their relationship gave shape to some interesting theories. For instance, the concept of synchronicity. This is the study of acausal events and significant coincidences.

However, in this case, were interested in learning how the father of analytical psychology guided his patients to remain calm in turbulent periods. Those in which, sometimes, the worst of ourselves emerge. If you want to know how. to do it, follow these guidelines.

In all chaos there is a cosmos, in all disorder a secret order.

-Carl Jung-

As a human being, some of your greatest difficulties are accepting the elements of adversity and vital stress. Jung himself once remarked that For many of us, myself included, chaos can be scary at best, paralyzing at worst. Indeed, it isnt easy to accept that you dont always have control over your future or that tomorrow will be as balanced as today.

In fact, the unpredictable and the chaotic are ingredients of existence itself. Resisting these fluctuations only increase stress and anxiety. You have to trust that those worries that suddenly appear along the way are just occasional moments, storm clouds that, sooner or later, will clear up.

Whats more, when you look back and discover everything youve overcome, you tend to find meaning in your own existence. In effect, theres a certain order in the midst of what seems to you, at first glance, to be chaotic and disorderly.

It all depends on how we look at things, and not on how things are in themselves.

-Carl Jung-

The book, Selected Letters of CG Jung 1909 1961, contains the correspondence that the Swiss psychiatrist maintained with his patients. One of them asked him, metaphorically, how to cross the river of life. Jung replied that, in reality, theres no correct way to live, we just have to live as we can. Each circumstance leads us to our destiny.

To keep calm in anxious times, he recommended paying attention to the way we interpret each experience. However, this is where a problem arises. Because many of us cross the river with unhealed wounds and repressed emotions. If you let yourself be carried away by the inertia of your impulses and your shadows, your life will be filled with greater obstacles. In effect, youll drown in the waters of daily life.

Jung said that we need to add light to the shadow if we want to regain confidence in ourselves. Therefore, you need to perceive things as they are and not through the lens of fear.

I am not what happened to me, I am what I choose to be.

-Carl Jung-

To stay calm in anxious times of endless pressure, you must look within and not so much at what surrounds you. Its there where all your truths reside, and where your strengths are sleeping. As Jung wrote in one of his letters, But if you want to go your individual way, it is the way you make for yourself, which is never prescribed, which you do not know in advance, and which simply comes into being by itself when you put one foot in front of the other.

Individuation was one of Jungs key concepts. It defines the ability to build a strong and independent psyche. It means discovering who you are, a creative being. This is another goal that you must keep working on. Youre what you do in your daily life, not what you were in the past.

You must bear in mind that youre a self-aware being with great potential. Moreover, you must always remember who you are if you want to stay calm in anxious times when everything seems to be going wrong.

The creation of something new is not carried out by the intellect, but by the play instinct acting from inner necessity. The creative mind plays with the objects it loves.

-Carl Gustav Jung-

Carl Jung pointed out that neurosis would disappear if we developed broader and freer personalities. However, we often become so obsessed with fitting in and looking for acceptance that we often end up getting sick. We need to give our minds oxygen and make them more flexible. This will allow us to take broader perspectives.

Jung coined the term active imagination to describe getting in touch with a more spontaneous, playful, and above all creative self. Activities such as art in all its forms, as well as mediation, are practices that the Swiss psychiatrist recommended. They dont just reduce stress. They allow you to discover new psychological plots.

Finally, if youre going through an anxious time, these resources might be useful. After all, Carl Jungs thinking never goes out of style.

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Here’s the pro-bitcoin, anti-bank argument advanced by a former Coinbase executive that’s making waves – MarketWatch

March 20, 2023 | Author: admin

Its not a new view, but in the wake of the collapse of three U.S. banks and Credit Suisses rescue, one investors anti-bank, pro-bitcoin argument is making waves.

Balaji Srinivasan is the former chief technology officer at the crypto exchange Coinbase, as well as the co-founder of Counsyl, a health technology firm. And the argument he made over the weekend seems to be resonating.

Bitcoin BTCUSD was trading over $28,000 on Monday. Gold GC00 or analog crypto, you could say traded above $2,000 an ounce and hit its highest level in 12 months.

Just as in 2008, the bankers lied. This time, the central bankers, the banks, and the bank regulators have lied to all dollar holders and depositors, he wrote in one of new, megasized tweets allowed on Twitter.

His argument is that banks have been able to hide their insolvency in footnotes. The Federal Deposit Insurance Corp. said the U.S. banking system was sitting on $620 billion of unrealized losses. Silicon Valley Bank parent SVB Financial had to sell a portfolio of bonds it wanted to hold until maturity in a bid to meet the surge in deposit outflows. SVB did disclose that in a footnote, and even discussed it on an earnings call.

Srinivasan pointed out, accurately, that banks like SVB binged on Treasury securities and other long-term bonds when loan demand was reduced during the pandemic, believing Fed promises that interest rates would be kept low for a long period of time.

Hiking from ten years of near zero interest rates in the 2010s was a surprise attack on every dollar holder. Economics isnt politics the kind of insane flipflops you see in politics dont work when there are actual contracts involved, he said.

Srinivasan says just as long-term Treasury holders in 2021 suffered, so too will short-term Treasury buyers.

The ~5% interest rate offered by big banks (G-SIBs) is a trap. Most fiat bank accounts are now a trap, for those countries whose central bankers followed the Fed, he says.

In other tweets, he warns of hyperinflation.

In fact he was so confident he made a bet bitcoin will get to $1 million in 90 days.

Of course theres a flip side to his argument. Bank runs, and the fractional bank system, are not new, as most clearly chronicled in the 1946 film Its a Wonderful Life. Banks never have enough money for all their customers all at once; the idea is that banks have adequate cushions, or capital buffers, to meet strong but not overwhelming demand.

A crypto-focused system would by definition concentrate wealth in a very small group of hands and destabilize the middle class. The economy before the advent of central banks was prone to crippling economic cycles.

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How Bitcoin is benefiting from the banking crisis – Fox Business

March 20, 2023 | Author: admin

Allianz chief economic adviser Mohamed El-Erian says Silicon Valley Banks perfect storm collapse resulted from mismanagement, lapses in supervision by the Fed, and its handling of interest rate hikes.

Bitcoin has emerged as an unlikely benefactor as investors flee banking stocks amid contagion fears following the collapse of Silicon Valley Bank.

The largest cryptocurrency by market value topped $28,000 over the weekend, the highest level since June. For the year, it has gained over 60%, making it one of the best-performing asset classes of the year, blowing past the S&P 500s 2% gain through Friday.

Source: Dow Jones Market Data Group

The upward move may be tied to an unexpected shift in the Federal Reserves battle plan to bring down inflation.

BANKING INDUSTRY ON VERGE OF 'BEAR STEARNS' MOMENT: FMR. FDIC CHAIR

"A strange element to the rally is it comes alongside recent troubles in the banking sector, particularly in two banks [Silicon Valley Bank and Signature] that were heavy lenders to the crypto industry. What does seem to be a major tailwind for bitcoin has been the rapid change of Fed expectations" Jim Iuorio of TJM Institutional said on CME Active Trader.

As of Sunday, the CMEs Fed Watch Tool shows 38% of the market is expecting the Fed to pause interest rate hikes at Wednesdays meeting, with 62% expecting a smaller 25 basis point hike. Zero participants expect a rate cut. The decision will come at 2:30 p.m. ET, followed by Chairman Jerome Powell's press conference.

Bitcoin (Reuters/Benoit Tessier/Illustration/File Photo / Reuters Photos)

Ark Invest founder, CEO and CIO Cathie Wood told "The Claman Countdown" Friday bitcoin is benefiting from banking fallout and a recent shift for the Fed to pause its rate hike strategy and reverse course.

"Recently, when we felt Coinbase was so misunderstood, and when it seemed like the banking regulators were blaming crypto for what's going on right now which is not the case at all at we actually thought, Nope, we think crypto assets could be a beneficiary, a flight to safety,'" she explained.

"And we also see, in the case of Coinbase, it is, despite what a lot of people think, it is trying to be as regulatory compliant as possible with this new asset class, while, at the same time, educating regulators on what this new asset class is all about."

Other crypto is also benefiting, including Ethereum, which has advanced over 40% this year.

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5 Reasons Bitcoin’s Price Is Soaring Amid the Bank Panic. One Is Key for Stocks. – Barron’s

March 20, 2023 | Author: admin

Bitcoin and other cryptocurrencies marched higher again Monday, continuing a recent rally into a new week in the face of turmoil across financial markets. There are at least five reasons why digital assets may be outperformingand one is key for stocks.

The price of Bitcoin has risen 4% over the past 24 hours to above $28,300, having traded above $28,500 at points to hit the highest levels since the crypto crash accelerated last June. After stagnating and falling below $20,000 at the start of March, the largest digital asset has resumed its rally to start 2023. It began January around $16,500 with a global banking panic kicking Bitcoin into high gear.

The recent momentum still has some upside potential, said Alex Kuptsikevich, an analyst at broker FxPro. The $30,000 area was a significant support for a year and a half until the middle of last year and now has a high chance of acting as resistance. As we approach the $30,000 level, we should be prepared for the bulls to start taking massive profits.

Investors have been rocked by a global panic over banks in recent weeks, from the failure of Silicon Valley Bank on March 10 to the emergency takeover of Credit Suisse (ticker: CS) by rival UBS (UBS) on Sunday. Bitcoin and digital assets have rallied despite the turmoil in wider stock marketswith which cryptos have been correlated for more than a year amid the pain of rising interest ratesas the Dow Jones Industrial Average and S&P 500 have slid lower and lower.

Why is Bitcoin rallying?

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The banking contagion is uniquely positive for crypto in multiple ways, said Hal Press, the founder of crypto hedge fund North Rock Digital.

He pointed to how the situation validates the original use case of cryptos as, one, a global financial alternative, and, two, a protection against the debasement of global currencies like the dollar. It also raises the prospect of a return to monetary policy that will benefit Bitcoin, and may distract regulators that have otherwise appeared hell-bent on quashing digital assets. Add technical market factors into the mix and you have five reasons why Bitcoin is rallying.

But not all these reasons are equal.

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There are various theories floating around regarding cryptos strong performance over the last week and frankly, the majority of them are more wishful thinking than logic, said Craig Erlam, an analyst at broker Oanda.

The crypto-native crowd is quick to point to unique characteristics of digital assets to explain the outperformance of Bitcoin and its peers. Bitcoin was founded in the midst of the 2008-2009 financial crisis as a decentralized alternative to the traditional banking system, with its programmed monetary policy expected to be a hedge against inflation.

This is a seminal moment for Bitcoin, said Alex Thorn, the head of research at digital asset group Galaxy. As a fractionally reserved banking system teeters on the brink, Bitcoins resilience, predictability, and relative safety stands in stark relief.

While that may be overstating the matter, there is no doubt that narratives are key for traders and it would be a mistake to discount them entirely. That being said, it is more likely that technical market factors and shifting expectations over the future of monetary policy are driving Bitcoins price action.

Liquidity in digital asset markets has suffered since the meltdown of crypto exchange FTX last November, and the recent collapses of crypto-focused banks

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A lack of liquidity means that price moves can be amplified and extended, especially if investors using borrowed money to trade in the more liquid Bitcoin futures market are wiped out en masse, which causes swings in the opposite direction from their positions.

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More than $1 billion in bearish bets against Bitcoin in the futures market have been wiped out in the past 10 days, according to data provider Coinglass, as prices have risen from $20,000 to above $28,000. These so-called liquidations will have added upward pressure to an already-rising market.

There is also a more fundamental explanation for the crypto rally. Bank stresses have been a result of losses on bondholdings, an unintended consequence of the Federal Reserve dramatically raising interest rates over the past year to combat decades-high inflation. Higher rates also have weighed heavily on cryptos, as demand for risk-sensitive assets is dampened when rates rise.

Traders now expect the Fed to be more accommodating on monetary policy as a result of the bank panic, which would be a tailwind for Bitcoin. The outperformance of the tech-heavy Nasdaq last week is further evidence for this since tech stocks are similarly sensitive to risk.

Cryptos have shown themselves to be among the most leading-edge indicators of risk sentiment, so Bitcoins spike may just be the earliest expression of traders seeing an eventual easing of financial conditions that benefit risky assets. Understanding this trend could be key for gauging how sentiment for stocks more broadly, battered by bank woes, could see a turnaround.

It is unusual to have such a broadly risk-negative event be so positive for a specific asset class (stocks down, crypto up) and this is why it is hard for people to wrap their heads around the current situation, said Press of North Rock Digital.

Beyond Bitcoin, Ether the second-largest cryptowas up less than 1% at $1,790 after a buoyant weekend that saw it top $1,800 from below $1,700 on Friday. Smaller cryptos or altcoins exhibited similar price action, with Cardano 1% higher but Polygon 3% lower as it pared gains. Memecoins were also off their highs, with Dogecoin

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Write to Jack Denton at jack.denton@barrons.com

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Will the Fed stop rate hikes? 5 things to know in Bitcoin this week – Cointelegraph

March 20, 2023 | Author: admin

Bitcoin (BTC) starts a new week in an unmistakably bullish position as it passes $28,000.

Crypto markets continue to climb on the back of the banking crisis, which still rages in the United States and abroad where will they go next?

After a week of chaos for macro markets and solid gains as a result, Bitcoin and altcoins are circling levels, which some have not seen for nine months.

The 2022 bear market is feeling like an increasingly distant memory as old resistance levels tumble and bulls attempt to cement newly-reclaimed support.

This week, as last, there are all sorts of potential hurdles to overcome the Federal Reserve will decide on its next interest rate changes and new macroeconomic data will drop.

Markets will likely stay volatile as a result, and any further unexpected events from the banking sector will only add to the instability.

At the same time, Bitcoins own ecosystem is set to become stronger than ever as network fundamentals launch to fresh all-time highs.

Cointelegraph takes a look at five of the key phenomena to keep an eye on when it comes to BTC price action in the coming week.

The macro event of the week is undeniably the March 22 Fed decision on interest rate hikes or lack of them.

The Federal Open Market Committee (FOMC) faces a stark challenge to its current quantitative tightening (QT) policy in place for the past eighteen months.

The unfolding banking crisis has put into doubt the Feds ability to keep raising interest rates, a policy which commentators argue was the death knell for struggling regional banks.

The Fed is nonetheless caught between a rock and a hard place. Raising rates would keep inflation in check but further punish the economy, possibly unleashing a new wave of bank failures.

Next week's FOMC is gearing up to be one of the most interesting ones in a while, with no one really agreeing on what's gonna happen, engineer and trader Tree of Alpha summarized.

According to CME Groups FedWatch Tool, consensus as of March 20 favored the Fed hiking by 25 basis points, rather than pausing hikes altogether. The week prior, Goldman Sachs had predicted that rates would plateau, while Nomura even forecast a rate cut.

This week, the long anticipated March Fed interest rate decision comes out. Currently, markets are pricing in a 62% chance of a 25 bps rate hike. However, markets also see 100 bps of rate cuts by December, financial commentary resource, The Kobeissi Letter, wrote in part of analysis about the long-term rate hike roadmap.

Kobeissi and others also queried how struggling bank stocks would react at the next Wall Street open, given the latest government moves over the weekend.

These included a buyout of Credit Suisse, the European banking giant, which saw a particularly violent reaction to the U.S. meltdown.

Credit Suisse, $CS, was worth $10 billion a month ago and sold for pennies on the Dollar, Kobeissi continued about fellow bank UBS purchasing Credit Suisse and getting $100 billion in government liquidity.

With that, the mood on Bitcoin and crypto markets has understandably taken a fresh turn for the better as the week begins.

At the time of writing, BTC/USD traded above $28,400, according to data from Cointelegraph Markets Pro and TradingView.

Already at nine-month highs, the pair managed to beat out bears during a consolidation period last week to return to target levels not seen in almost a year.

Chief among these is $30,000, a psychologically significant level surrounded by considerable historical liquidity. For monitoring resource Material Indicators and others, meanwhile, a key support level to hold is the 200-week moving average (MA).

Popular trader Crypto Tony focused on $27,700 to support the bull case and potential for an attack on $30,000.

$27,700 ensured we are now in the next range between $27,700 - $31,000. Using $27,700 as a level that bulls need to hold to sustain a move up to $30,000 level, he tweeted.

In fresh analysis, meanwhile, fellow trader Crypto Chase highlighted $28,500 as a potential short entry, while also entertaining a somewhat likely bull case in which selling only kicks in above $33,000.

Please note that I am not abandoning the idea of 28.5K~ shorts. These may still present a great opportunity around FOMC this Wednesday. At the moment though, I cannot imagine an immediate local top, he explained.

For some analyzing the long-term picture, however, Bitcoin has already broken out of a bear market in place since the comedown from its all-time highs and the start of Fed tightening in late 2021.

The weekly close came in at just above $28,000, making it Bitcoins highest since early June, 2022.

For trader, analyst and podcast host Scott Melker, known as The Wolf of All Streets, this has clear implications.

The bear market is officially over, he proclaimed on the basis of the weekly chart data.

Melker linked to a similar post from August 2019, just after BTC/USD had passed $13,000 in a comeback from the pit of its previous bear market.

Equally buoyant about weekly timeframes is trader and analyst Rekt Capital, who continues to eye a disintegration of Bitcoin's "macro downtrend."

On quarterly timeframes, Rekt Capital is monitoring a "bullish engulfing" event in the making, something which has triggered significant upside in and of itself in the past.

In a classic move, Bitcoin's network fundamentals are refusing to abandon their trip to the moon.

The latest estimates from BTC.com and MiningPoolStats show that both hash rate and difficulty are in "up only" mode this month.

Difficulty is set to adjust upwards 3.26% in the coming days, making it almost 45 trillion.

Hash rate hit a local peak on March 13, but is now trending upwards once again as miners respond to the latest price action.

Among miners, however, a divergence is playing out. On a rolling 30-day basis, miners' BTC balances continue to decline, according to data from on-chain analytics firm Glassnode.

There may still be reason to be afraid of the current bullish surge in Bitcoin and crypto more broadly.

Related:Bitcoin levels to watch as BTC price eyes highest weekly close in 9 months

A look at sentiment data suggests that the majority of the market is becoming overly confident in the good times continuing.

The Crypto Fear & Greed Index, which uses a basket of factors to produce a normalized sentiment score for crypto, is now at 66/100, firmly in its "greed" zone and its highest since November 2021.

Its warnings are being corroborated by social media users. A survey from research firm Santiment, which has garnered almost 15,000 responses, shows that most believe that BTC/USD will break $30,000 as the next major crypto market event.

"Crowd bullishness is doubling up bearishness for crypto's top 2 assets," Santiment commented about the results.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Bitcoin is up 60% so far this year as investors rediscover appeal as … – CNBC

March 20, 2023 | Author: admin

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. For the week ending March 17, bitcoin finished higher by 34%, making it the cryptocurrency's best week since January 2021 which marked the start of the institution-led bull run that year. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the stock market close one Friday to the next. Bitcoin is now up 62% for the year. BTC.CM= YTD mountain Bitcoin (BTC) in 2023 Ether ended the week higher by 23%. At one point it traded at about $1,780, a level not seen since its rally ahead of the Ethereum merge in September. Ether is up 45% year-to-date. "Crypto hasimpressedas an unexpected banking crisis has triggered a realization that Fed policy is very restrictive and that the economy is headed towards a recession," said Ed Moya, senior market analyst at Oanda."The Fed now has to decide if they have enough information about the escalating risks that are spreading across several banks. Inflation is heading lower, but some officials might want to deliver one more rate hike before pausing and that could trigger a de-risking moment on Wall Street." Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. It hasn't seen that level since June, days before its pre-FTX bottom of about $18,000. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. Last week, it even fell with risk markets and bank stocks amid the uncertainty surrounding Silvergate Bank. That shifted this week however, following the closures of Silicon Valley Bank and Signature Bank, giving the appearance that investors were trading it on its core value proposition, the ability to "be your own bank." "When the financial system shows cracks, it provides a use case for decentralization," said Callie Cox, U.S. investment strategist at eToro. "Of course, there are pros and cons to decentralized and centralized approaches, but for now, investors seem to be focusing on one specific angle." However, if the original bitcoin narrative began to click for people this week, it doesn't change the fact that macro themes are still the biggest driver of price. "In practice, bitcoin isn't isolated from the traditional banking system. Crypto prices rose quickly in 2020/2021 due to central bank monetary expansion, causing capital to move from the traditional fiat banking world to the crypto world," Sheena Shah, an analyst at Morgan Stanley, said in a note this week. "So our conclusion is that the Bitcoin network can operate without banks but that bitcoin's price, and thus its purchasing power, has been and continues to be influenced by fiat central bank policy and needs banks to facilitate flows into crypto." The week ahead Many agree the bitcoin price bottomed in late 2022 during the collapse of FTX, but so much uncertainty remains in the market and traders have been finding it difficult to identify what the start of a new bull run would look like. From a technical perspective, this week's close above $26,000 could be that signal, according to Yuya Hasegawa, an analyst at Japanese crypto firm Bitbank. Fairlead Strategies' Katie Stockton, however, is looking for two consecutive closes above $25,200 for the formation of a "bullish long-term development." Investors will continue to monitor the banking crisis and the regulatory landscape in the week ahead. On Tuesday the Federal Reserve will begin its two-day policy meeting. "Bitcoin's rally could remain in place if the Fed opts to end its tightening cycle and wait and see what happens next with banking turmoil," Moya said. "Traders are pricing in rate cuts this summer already, so we will see what happens if the Fed opts to remain focused on inflation and deliver another quarter-point rise. A pause and Bitcoin could have the potential to make a run towards the $30,000 level." Given the pulse of markets and recent Fed comments on inflation, Moya said one last hike should be the base case and that could bring bitcoin back to the middle of this month's trading range, he added.

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