loss of anonymity is a feature, not a bug
Not for many of us.
Who says it has to even be private? All they have to do is clone bitcoin and premine the shit out of it, market it as the drug and terrorism-free version (loss of anonymity is a feature, not a bug), and prop up the price for a few months.
Fiat, bank coins, and gov alts do indeed have a future, but I won't touch those insecure premined alts. They can't and will never be able to replicate bitcoins best features (public or private blockchain based) ... and this is why Bitcoin is here to stay.