Miners use exchanges?

What mining pools  

Divorce.

LOL@thinking one of the poorest 3rd world southeast asian countries will adopt bitcoin, most especially elderly nannies who don't even have high school educations and don't know how to power on a computer


And this is coming from a filipino.

Outside of certain wealthy districts in Manilla...you guys are living a pipe dream.  The Phillippines and filipino people have a lot more to worry about than taking computing courses and riding a jeepney 30 minutes to a nearby internet cafe solely to jump through hurdles to download 'virtual currency.'  It's hassle enough for well versed computer nerds like myself, let alone some person living without air conditioning and sanitary water and doesn't know what a 'computer bit' is.

I'm convinced most everyone in this thread has not been to the phillippines themselves.  Then again, most of the people are on this forum are 18 years old just looking at this from a money making standpoint. 

You guys really want to be philanthropists and make a difference there? Try actually donating money to the millions of families living in wastelands without electricity in cardboard huts.

the question, the real one is who the hell is not buying?

Well indeed.  Hence sidechains, if they are trying to improve bitcoin, they can do that: improve it (on a sidechain, or timelock, multisig etc).


Well I think its maybe like gold, the extrinsic properties grew out of the intrinsic properties and network effect of people using it as a commodity money.


(I assuming you're talking about knowing the historic difficulty so you can compare it to the right epoch of bitcoin as a benchmark).

I think maybe comparing the current difficulties and prices would be enough.  (Plus discounting for a steeper supply inflation and known premine % or other parameters that are worse).

Setting things up to detect that, it appears limited enforcebility and requires cooperation of the alt?
You could look at the blockchain of an alt and see how much work there was total, and look at its parameters, however that doesnt prove they didnt fake the whole thing to one side over the course of a month or something and give it years of fake history, some parts of which look good relative to bitcoin.  Of course unless its merge mined its total hashrate is going to typically be quite small, so that if someone had a good incentive they could've recreated it later. 

That tends to suggest that minimally you would need the blocks to be periodically timestamped in bitcoin otherwise if no one was paying attention the entire thing could've been forged more recently as hashrate is faster now than in the past.

(There's a graph somewhere I cant find right now that shows the number of days it would take to recreate bitcoin.  During the hashrate spike last year, it got as low as 50days, but in the bitcoin context its stilly really hard for that to be an attack, because bitcoin security is from there only existing one distributed supercomputer than can run at that pace, nothing else can catchup.)

Adam

They're probably pretty bewildered that their 100 million dollar farm is worth 1/5 that, one year later.

 I love cryptocurrency and the idea of a truly free market economy, however, Bitcoin is too far marred to save at this point. Most coins are not in the hands of people who would support the healthy use of them.

What was the ATH in April 2013?