gold vs btc, at least BTC energy expenditure can be patched / limited to only renewables.
I had a conversation with a non-techie friend the other day about cryptocurrencies and she expressed scepticism about the technology because of its immateriality or intangibility. Something about cryptocurrencies being artificially constructs doesn't sit well with some non-techies. I mean, when you think about it it's just as arbitrary that precious metals and gems have a store of value/worth above and beyond their utility. I guess we're in a transitionary period.
fiat currencies that non-techies do use are also artificial constructs. There is however the gold bars in federal reserve/national bank myth so the fiats appear as non-artificial to many people. Possibly that makes the difference. Or, more likely, people use fiat currencies since forever and don't really think about that.
I believe more "the thing that exists for ages and I'm familiar with" vs "the new thing" thing.
Anyway I'm not trying to invalidate your point, my experience with talking to non-techies about cryptos is more or less the same as yours
That said, most people who buy gold as investments these days do so through ETFs or some other paper-based method so they never even see the gold themselves, let alone get a chance to "touch and feel" it.
This is not to defend Bitcoin, but it is mind boggling how few people ask themselves "where does money come from, exactly?".
- anyone can issue Bitcoin
- if anyone accepts Bitcoin they accept it regardless of origin
With fiat money, there are additional rules to limit money laundering and theft. (e.g. paper trail audit rules and special markings on banknotes - money matching these laws is not to be accepted)
Plus you cannot just issue say Zimbabwe dollars anywhere, that's considered a forgery. Likewise you can only issue Bitcoin if you do manage to notify the decentralised ledger that you have mined it. (Which is why verification is slow.)