Okay, could you please explain in layman terms how it is going to work?

And, more specifically, why will it be better than Bitcoin, and, more importantly, better than fiat as a currency (i.e. a medium of exchange). Your entire premise seems to be that we are using cryptocurrencies not as they were envisioned (that point I'd like to agree with). However, what's in your solution that would make us abandon fiat as a means of exchange?