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.
This post has to be the stupidest I've come across on this forum. even with the increased fees, bitcoins is still cheaper than most money transfer instruments. For tiny amount, it may not be ideal if compared to paypal or skrill, both those are centralized and can decide to keep your money with no recourse to you. I expect the fee issue to resolved at some point.