I totally revamped my design and came up with a blueprint for an all wooden bike that should be totally rideable. The bike will feature a fixed gear drive system that will be powered by pedals mounted directly into the rear wheel.
The frame will be made from 2x4's and wooden dowels and everything will be held together with wooden pegs and glue eliminating the need for any metal screw or bolts. I believe the new design will be able to support the weight of a rider and allow the bike to be fully functional.
The wheels will be created from large sheets of plywood with a single layer inner spoke design and two layers of plywood sandwiched around the spokes to form the tire. This will provide strength and a larger surface area to grip the ground when riding.
I have gotten the plywood and some 2x4's from some scrap wood piles and am getting money together to buy the dowels, wooden pegs and glue to begin construction of the bike this week. I plan to start with building the wheels and then move on to the frame and rest of the bike as time permits, filming the whole process to put the footage towards the final video.