With transaction costs rising above $1 the original promise of cheap remittance using Bitcoin is officially dead. Without utility Bitcoin use is limited to speculation only and even further what is there to speculate about?
I would like to debate this and gauge the community's response to Bitcoin experiment.
With the in increase in the amount being paid for transaction fees which is quite unfortunate but that does not mean the end of bitcoin we are always very happy to see increase in the price of bitcoin and quickly with the "bitcoin to the moon" threads but not with the cost attached to it. If the rate of increase of transaction has not overshadowed the increase in price, people will continue using bitcoin and its death is not near.