Bitcoin still sound, websites that service Bitcoins still run by incompetents and thieves.
I would argue that the inherent anonymity is a failure of Bitcoin. The very thing that was supposed to give it strength is its undoing. At least with cash you generally have to be physically present to use it, and that counts for something. Bitcoin is inherently too untrustworthy to stand in the long term.
It’s like open email relays. They would be super convenient, but in the real world they’re much too easy to abuse and thus we cannot have them.
