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I agree. But we are rapidly approaching, maybe have already past, the point where monetary economists can be forgiven for ignoring bitcoin. Your above makes it clear that without understanding the tech the price history alone suggests something important is happening.
Yes. The strong market signal itself tells you that something important is very likely going on. But to go further and understand the value you have to among other things understand the tech. That, and the central bank ideology that is macroeconomics, are chief stumbling blocks.
I think it would be respectable if they said, “I don’t know enough about computer science to know if this can scale, remain secure, etc, but if I assume that I would expect it to be adopted as money.” Or if they had honest objections. But I’ve yet to see even that. Lots o liars.
When people who dont get it despite prolonged exposure it always seems to be because it challenges their worldview - tech objections usually a facade. E.g. Austrians have a hard baked interpretation of the regression theorem, Keynesians obsessed with aggregate demand & inflation
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