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.
For remittance purpose, bitcoin may not suitable with high fees should be paid especially for big amount that sent. But, for store of value, bitcoin still one of the best option. There are a lot to speculate about bitcoin, from the beginning until how bitcoin could rise because many adopters join to the bitcoin community. What kind of bitcoin experiment that you mean?