It will fail because of the simple fact that layer one bitcoin has a fee structure that is volatile, transactions that are not guaranteed to confirm in a certain timeframe, and confirmation times that can never be estimated due to the fact that the time between blocks is also, insanely volatile. Sometimes there are two blocks within five minutes, then other times you won't see a block generated for over an hour. Finally, BTC is expensive to transact compared to other cryptocurrencies. The majority of people are insanely greedy and will refuse to pay the fees that Bitcoin requires to get into a block (which, once again, are drastically volatile..) if they can use a different cryptocurrency that is either feeless or almost feeless... Add to the fact that those other cryptocurrencies offer guaranteed confirmation of your tx's and they're confirming in a much faster amount of time, yeah, it's obvious why the common folk wouldn't choose Bitcoin..