If merchants are faced with hostility from their bank and threats of removal of banking access to potentially gain a 1% market most will not bother and they are not. Merchants also face extremely burdensome tax reporting requirements if they choose to hold any Bitcoin. Consumers at the same time also face extremely burdensome tax reporting obligations if they choose to use Bitcoin as a payments protocol- most will not want such obligations imposed and so choose not to use Bitcoin as a MoE. The fiat power have very slyly obstructed Bitcoins use as a MoE/payments protocol and yet many Bitcoiners remain deluded that it will happen eventually. It seems very unlikely that it will just because they want it to and yet they ignore the sly obstruction that has already very effectively been put in place.