Orthodox economists are simply ignoring bitcoin, not dismissing it. Economists who dismiss bitcoin are primarily Austrians. Look up their backgrounds.
As if ignoring it will make it go away. It is the Austrians that dismiss Bitcoin that are the true idiots though given their ideology and
Hayak's Denationalization of Money you would think they would be all over it if they were intellectually and ideologically consistent.
Many of the smartest and highest integrity people here are right libertarians, so I am not saying that all right libertarians and market anarchists are scammers, just that market anarchism is a sort of cesspool of ultra-greedy people who quite frankly, I don't want to work on anything with.
Isn't think just characteristic of humans in general?