At this point, we can write off Bitcoin as a failed experiment.
Speak for yourself. I am not part of that "we."
Despite an onslaught of terrible incidents, hackings, frauds, bad news, etc., the Bitcoin protocol itself still hasn't shown a single flaw. The market price is higher than it was just a couple months ago, there are serious professional businesses blooming around Bitcoin, such as Ruxum and Bitpay, and even people who lost hundreds of thousands of dollars worth of Bitcoins (such as Bruce Wagner), have not abandoned this project at all.
Bitcoin is more valuable today than it was a month ago, or a month prior to that. It is getting stronger. Poor systems and frauds are being exposed and inoculated against. Every single payment I've made or received using Bitcoin has gone smoothly.
These are signs of a failed experiment?