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 its because of the value of bitcoin, recently the transactions fee from all remittance not just than that but all transactions related from bitcoin are raise to its original promise fee because of its value and demand now. more and more people are buying/to have/gain much bitcoin to get them much profit in the near future so the quantity of bitcoin are become much limited because some of the other people are collect them as much as they can and holding it until it pump huge in the market,