Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?
Nope! For a cryptocurrency to become usable on a daily basis, needs to cut down on the transaction fees. In the current situation, none of the cryptocurrencies are fit for daily use. Many people would argue that in some cryptos, the fees are very less and have fast confirmation time. But my question is that - why would I pay fees on transactions?
If I buy something for $10, I want to precisely pay $10 only and I want immediate payment confirmation. So for daily transactions, fiat is the best option we have.