but ... it really is a failure. Bitcoin is giving away its network effect, which is reflected in its market dominance. The network effect of a currency, of a payment method, is much larger and stronger than that of an investment, and bitcoin is losing the network effect. Bitcoin may continue to rise, but it is a purely speculative increase, since it is not based on cases of real use. Today bitcoin is only useful in speculative terms, since it is very expensive to transfer it.

We are all happy that the price increases, but if you move away a bit, the bigger picture shows that bitcoin is not doing it all right.

I've been thinking about your argument that the network should only incorporate well-tested updates and changes and testing. It's true, but ... this is a problem that Gavin Andresen in 2013 began to discuss, and nobody in the Core group took it into account, and today, here we are, with 50% of market dominance and paying fees of $ 20. The current development group has had enough time to deal with the problem and have shown their incompetence.
Neither did they themselves expect the rates to reach these prices, and here we are.