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.
Indeed. Because instead of getting a great amount that you have earned in saving it or spending to your investments, the profit that you gain are somewhat lost because it is already deducted when you have to pay for transaction fee. This is a problem for bitcoin users because the money that they have earned are likely to be put into trash because of the large transaction fees.