Its doomed to fail if every bitcoin related businesses gets hacked. After the recent hacking incidents im losing faith
I hope you know not all these recent hacks were real. Some of them were simple inside jobs, where the owner or someone from his inner circle simply accessed the machine used to store coins and move the money to his own address. You can't simply hack a cold wallet and this is what happened in some of these cases.
Yes, well who knows what really happened. This kind of incidents is a bad image for bitcoin to a person who doesn't know much about bitcoin they would think it as an entire scam scheme..