Its a tempting proposition. I've been rebalancing for a while, but keeping some BTC in my portfolio roughly in accordance with its market dominance.
Technically speaking, its a dinosaur, but its still the most valuable crypto out there, and has some great developers working on it and a very large community. If things like Lightening network, side-chains, and even bridges through tech like ARK are successfully implemented, BTC could still have a lot of a room to grow.
Its a long way from Satoshi's original vision in its current state, but has gained something as a (highly volatile!) store of value. Its also the main way into the crypto market for most. If you want to buy alts, you need some BTC. Short -term, this should keep its value high.
And everything you say is true, and it's just a shame to see so much talent and effort go to waste. 😉
And I'm confident that we'll get some better, more direct onboarding going on BitShares sometime not to far from now too. 😬