consciousness is something that exists outside the dimensions of space and time
That's absolutely, demonstrably incorrect. It, like all the other processes, is something that exists in observable space-time dimensions that we can observe. It's a state of matter observable over time. There is no way and no reason to add some more shit on top of that.
there is also the “magical” notion of the observer
It's only magic if you don't know what probability is. If we have two marbles, black and white, and blindly take one each and go on our merry ways, and then you need to do the full math about it for some reason, it's very useful to you to describe a marble in my hand as a 50% black/ 50% white marble. Then later if you look at the one you have, and discover that it's a white one, the one I have magically, instantly, inexplicably becomes 100% black marble. That's what, simplifying a lot, a quantum effect is (this specific one is quantum entanglement). And if you forget that nothing actually changed, and it's just you scribbling some math on a paper, you can start thinking about it in terms of reality bending multidimensional paradoxes. But it's not, it's just humans being unable to easily comprehend insanely complex mathematical abstractions.