the issue is that no one is going to use this new currency.

yes, it does have some very important advantages, and i'm not saying that. i think it SHOULD be a widespread currency. but i think it is impossible.

the issue is that no one is mandating this currency. therefore, it will fail. let me give an example; Israel was founded in 1948. it was ILLEGAL to own any currency except the Israeli shekel until the mid 80's. why? because if someone had the choice of using the currency they have been using for their whole lives or this new currency, who would change? these people know how much a carton of milk costs, they are familiar with it.

so Israel knew that if it wanted there new currency, the shekel, was to take root, they had to make anything else illegal or else it simply wouldn’t have.

that is why bitcoin will never take root. there is no country saying that you must use it and you musnt use anything else. this currency will stay in the nerd community that it was founded in. and wont spread from there