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.
Bitcoin is not useless, it is a decentralized digital currency or so-called electronic currency. Bitcoins themselves are not as bad as people think. Previously not involved in transactions I also believe bitcoin is virtual currency. But now I have a more accurate view of bitcoin. I believe bitcoin.