While I understand and respect the issues you raise, it seems like a very strange time for someone who understands bitcoin to be "pessimistic about it all". 

Three years ago, when I bought my first bitcoin - if you had told me that in 2014 we would see BTC listed on bloomberg and CNBC, front page articles in the WSJ (serious articles at that), 100's of millions of VC money pouring into start-ups, famous gold bugs endorsing bitcoin, every student at MIT about to receive $100 of bitcoin, 8000 bitcoin locations to buy BTC in Argentina, ATMs    locations rapidly growing, 1/2 dozen serious btc exchange sites getting geared up, hedge funds and ETF's on the horizon, not to mention serious, large retailers accepting bitcoin around the world, and a BTC price between $500 and $1200, I would been very skeptical, and would have thought "bitcoin has far exceeded my expectations, and is moving toward success - and quickly". All the boxes I would have wanted to see checked, are being checked.

"And now I come to camp to hear the waters called muddy and the current quickened, though I see no change in the creek.  And the Hooples, certain sure that flood crest fast approaches, have begun to think keenly, I’ll get ahead of the event.  Maybe I’ll sell my claim at discount. Anything to unharness so they can head for the higher ground.  Myself, Maam, I’d be bettin that the levy’ll hold."

http://youtu.be/Y_v6f_PNf5I   

Deadwood 2X4