Is there something we're missing or are they just very slow on the uptake and implications? I can't imagine Georgie being so supportive when someone points out he won't be able to create inter-generational debt for endless wars or take cash back handers from the banks to be their lapdog any more. Fiat based gov. debt and real POW blockchain tech are not happy bed fellows.
I don't think "Georgie's" exactly the sharpest tool in the box when it comes to economics.
If you ever watch any interviews with him he's like a stuck record if the interview at all wanders "off script". He just regurgitates the lines given to him by his advisors in a different order each time.
I'd be surprised if he even knew what the difference between a mortgage backed security and a corporate bond was.
The thing about cryptos is this - it takes a very fundamental "back to basics" perspective on monetary mechanics to really understand what they are and to separate their monetary properties from their technological ones.
Many (most ?!) modern day bankers, economists, politicians and even academics lack this perspective. They are like fish in the sea trying to imagine the concept of "being dry". It's impossible because the boundaries of their professional consciousness doesn't extend beyond "wet" and never have in the history of their careers.