[yashg]

> How will they convert it into something they can use to pay rent and buy groceries?

Exactly my question. Exchanges where you can sell the crypto for real money are still regulated and require KYC.

> My biggest concern about cryptocurrency is fees.

High fees are required to pay for the insane electricity bills and specialized hardware. PoW cryptos are expensive and inefficient by design so there will always be more transactions waiting in the queue to get on the chain than the processing power required to mine the next block.

[Andrew_nenakhov]

Black market p2p exchanges will rise inevitably.

[yashg]

You don't even need black market. On one the largest crypto exchanges in India (WazirX), P2P is the only viable option left to get money into exchange because most banks have stopped dealing with them.

[cinquemb]

p2p exchanges were the first exchanges, only did the regulated KYC ones came later.