Totally agree. Bitcoin is fundamentally a money making scheme, not only because it is specifically designed to concentrate wealth through appreciation and mining difficulty, but because it's just dogshit as a currency in general. Add that to the security and anonymity problems, and it basically fails on every point that it was sold on.

I think at some point the premise of Bitcoin becoming a real currency was dropped completely, and now it's only sustained by newcomers' belief that they're going to be the ones who make money from it. Reminds me of a certain bullshit electric car company...