Just because something doesn't work in the first attempt doesn't mean it never will (see various attempts at ecommerce, online news, streaming video, or just general computer-network-for-the-masses attempts from the 80s and early 90s).

It does work, that's the problem. Because even though it's working, few people are actually using it for anything other than speculative trades (and its been working for ~11 years).

The first electric car worked perfectly in 1890. 11 years is nothing!

I never claimed it was. Read back what I said.