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.
I think this is one of the problem bitcoin is facing. Bitcoin transaction fee is too high, it's not like the way it is before. I think the charges didn't change, that's why a lot of people are complaining about it being expensive, it's because of bitcoin price is increasing. Before, people would even just ingore 100k satoshi transaction fee because it was cheap, but now 100k satoshi would hurt a lot, because it costs more more than a dollar.