Bitcoin-backed fractional reserve currency

[rayt5]

I can see it now: "Easier to buy and use than Bitcoin, guaranteed secure, and exchangeable at any time 1:1 to BTC or cash equivalent. Buy with your credit card."

Somebody's gonna try it. It's only a matter of time.

[lophie]

I am one of them. But it is so hard of a task I am literally having nightmares about it!