I'm slowly loosing my taste for bitcoin as it seems no matter what: human greed always fucks money up. With all the shit that has been going on with people losing their hard earned money to an unscrupulous few willing to scheme ways to take it, we should just rename the whole failing monetary experiment: BITCON.
Bitcoin is working fine. The main problem is that so many people believe(d) that because something is related to bitcoin, that no laws apply and you can just freely break security regulations all over the world, along with violating money transmitter licence requirements and AML regulations.
The "its not illegal because... bitcoin" argument.
If you fell for that, and sent your coins to an illegal exchange believing that is a safe thing to do, its not bitcoin's fault. Not a single satoshi in my wallet has been lost due to scams.
Yeah for you, and a small number of tech heads who get how to secure their coins, it's all good. But all I hear now from regular people when I mention bitcoin is; "what about this inputs.io" or the multiple other break-ins/scams that have taken place and will continue?
Bitcoin may not be broken per se... What is broken is human integrity. And if this tiny community can't prove to the rest of the world what a great thing bitcoin can potentially be without robbing each other blind at evey opportunity, then what's the point?