Health Ranger Bashes Bitcoin Again.

in #bitcoin7 years ago

Once again the Health Ranger is trying to bash Bitcoin with some half thought logic.

He (Thehealthranger) is supposing that Crypto's are in fact in a bubble by comparing it to the finite quanta theory. He reiterates the thinking that Bitcoin can not be in a bubble due to its finite quantity of 21 million coins and relates this to the housing bubble. His thinking is that since there is a finite number of houses, how could there have been a bubble?

His comparison is half thought through though. For a smart guy who says he is a researcher/scientist he is not looking at root causes and jumping on the first thought that bolsters his theory, even a flawed one.

One of the causes of the housing bubble was Subsidization. Yes; free money, Liar loans, Grants and Subsidized loans from the Government. Yes there were more, but i only need one.

By excluding evidence the theory does not support itself, the Health Ranger should know and understand this.