What specifically about bitcoin is a ponzi scheme? The mining operation doesn't give an advantage to early adopters and more importantly mining will slowly but surely become a secondary source of income (as opposed to getting transaction fees).

So. Again. What about bitcoin is a ponzi scheme?

I'm *assuming* (and you know what happens when you assume) that getting a grasp of the total number of positions will provide Go game designers needed information in making more powerful programs. Right now the Go programs are terrible (in comparison to Chess).

What was the financial incentive for Deep Blue and champion chess programs?

Chess is similar to boxing. You need to develop a strategy, and you need to think two or three steps ahead about what your opponent is doing. You have to be smart. But what’s the difference between chess and boxing? In chess, nobody is an expert, but everybody plays. In boxing everybody is an expert, but nobody fights.”

Vitali Klitschko

Except when it's not.

I guess I have no empathy. Boxing can be viewed on multiple levels but one of the best is the art of self-defense. How does one block, parry or otherwise avoid punches. Think of playing baseball or tennis - sometimes you swing hard and barely hit the ball, other times a smooth stroke, hitting the ball in the sweet spot and wham you hit it a million miles an hour. The same is true in boxing but now your facing a ball that reacts to your swing. By moving your body a few inches closer or further away you can decrease the impact of the blow significantly; even harder is when you time the blow and move your body with the punch again reducing the impact of the punch.

Boxing is a beautiful sport.

Common, six inches isn't enough room to fit the nose of the car in. Everyone knows that you need at least 14 inches to inch your way in. :-)



Truthfully - once you get past a half a car length you're asking to be cut off.

No. Not really. A free market is that in which the economy is not run by a central authority. A food coop, designed, developed and run without central command, even if each of the individuals involved are socialists themselves is still part of the free market.
Karl Menger was not writing a public relations book; neither was von Mises.

Ok. That's being silly. Bitcoins are cash. How much cash do you carry around in your wallet? Long term savings should not be kept in an exchange.

No. That is not the definition. Free markets, as opposed to top-down dirigiste economies have been very clearly defined by many people (see Karl Menger and the Austrian School among many others). No proponent or defender of Free Markets defines it as you just did.

Bitcoin != exchanges.
You needn't and shouldn't keep your money in exchanges.

First of all free market != anarchic capitalism.
Second not all libertarians are for "anarchic capitalism."

Yeah. Perhaps. :-)

What an ignorant racist statement. What's the gov't but a corporation with guns and the law at it's back. Maybe you should consider trying to limit its powers as opposed to expanding it and saying stupid things.

So there was no unemployment before capitalism? There was no unemployment in 1960's China or in today's North Korea? Get a grip.