Yeah, not meaning to apply the guilt screws (ok, yes I am) but you should honour your friend's memory by riding that thing. I'm sure he would have (or did). Once it's beaten to the point of unridability you can put it up on a wall or something.
I told my kids, "Someday, you'll have kids of your own." One of them said, "So will you."
-- Rodney Dangerfield.