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.
Nightmare is an understatement. I recently needed to make a quick transaction so as to do some few trades and even with the high transaction fees that I paid which as far as I am concerned is high enough, and it is not small, but still it took days before my transaction could get confirmed.
So, you are right, using as FIAT is something that just cannot work out at least for now until when we see the scaling solution solved and then see how things would end up as.