Most of the miscommunication (and hard feelings) between fiat brains and Bitcoiners involve an unclear understanding of the three use cases of money/currency:

1. Store of value

2. Unit of account

3. Medium of exchange

Bitcoiners love to focus on the obvious superiority of Bitcoin as a store of value.

Fiat brains often deride Bitcoin as a reliable unit of account, given its legendary volatility over the past 15 years. The dollar is far less volatile, but is actually a terrible unit of account over time, given its unknown current and future supply. The lower short term relative volatility makes the dollar a better short term unit of account. This advantage will diminish over time.

Fiat brains often ignore the critical importance of store of value in favor of the dollar’s current superiority as a medium of exchange. The world clearly does not have a medium of exchange problem, as there are hundreds or thousands of ways to perform this monetary function (think ACH transfers, checks, credit cards, crypto, etc.). That said, L2 solutions are being rapidly developed on the #Bitcoin base layer (L1), which will soon make it a comparable medium of exchange to the massive amount of our current options.