BitCoin is actually an exploit against network complexity. Not financial networks, or computer networks, or social networks. Networks themselves.
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Software tends not to kill people, and so we accept incredibly fast innovation loops because the consequences are tolerable and the results are astonishing.
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It is a fairly open secret that almost all systems can be hacked, somehow. It is a less spoken of secret that such hacking has actually gone quite mainstream.
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I'm not an economist; I'm a hacker who has spent his career exploring and repairing large networks.
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The Internet's proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
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I'll be blunt: Money's gotten buggy.
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Bitcoin's got its issues. But it is not competing with perfection.