Bitcoin is in beta.  That fact should be in front of every news story and public appearance.
I wouldn't say the developers suck so much as they are overwhelmed with too many priorities, due to a too-fast growth.
Bitcoin is being overextended, partly by its supporters, but also by its opposition.

There is a risk that the broader cryptocurrency effort will be discredited by a great failing of its most noteworthy example.  Killing the ponzi element would not be a bad thing.  If Bitcoin grows in its season, blooms, casts off its seeds and browns for the winter, we ought yet look forward to seeing what may come.  Its in beta.