I'm skeptical of bitcoin's success as well, but for different reasons. I am however totally confident in the technology itself, and it doesn't really play much of a factor in this story as far as I can tell. It kinda sounds like you're conflating bitcoin exchanges with the technology itself.
Nothing to do with technology. Has to do with arrogant developer with no experience with financial regulation, thinking they can just ignore centuries of safeguards because they know math.
