Holy moly thats a really negative view you have there.   Bitcoin has been established a fair while now and its done its job every day of operation.   Where exactly do you see the problem with its operation that it deserves such a poor view.   The failure that occurs in price is not part of the protocol itself, this is part of exchange transactions and its mostly down to the people themselves how fast price rises or falls.

The biggest negative for Bitcoin is the transaction fees and speed/ease of use perhaps.   That is being addressed, there was no real deception here.   There have been scam coins at various times so its not impossible but all the faults you list come with people buying and selling anything.    This is not a socialist enterprise thats for sure