Guan Baihua—a guy in China—must know something that we don't know. Some secret law of physics that explains why the hell his bike has no wheels, but weird metal and rubber angled pieces.
Update: Actually, as a reader points out in the comments, his idea may have some merit.
It's either that or he's just completely nuts. Apparently, he spent 18 months making this thing. Just imagine that: Only 18 months to create an amazing piece of advanced mechanics that will cause a lifetime of back pains to anyone who tries to ride it.