Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?
With such a crazy high transaction fee and delay confirmation time....Considering BTC as FIAT is just a nightmare. Lets understand it one example...after buying essentials from a local grocery store worth $10000 and want to pay through BTC but this transaction will cost me $200-250 which is crazy. So using BTC as FIAt now is not practically feasible at this point of time.
I was very happy to hear that. I had my half of savings in bitcoin only,so if it happens it was good.When the Crypto currency became a FIAT, the transaction fees also reduced.Now the transaction of bitcoin is some how low,it may be the reason for this high transcation fee.We can hope this will reduce some how in future.