EasyCoin's proposed solution:
All Bitcoins will be pegged to virtual credits in a database, like current payment processors. Trades will occur between accounts while actual Bitcoins are stored in sound, robust and offline storage. Transactions can be reversed in case of fraud or otherwise by a competent arbitrator.
Sounds good. Like the backing of the US$ to the Fort Knox gold reserves or the 1:1 backing of the Swiss Franc to gold.
The next step isn't far. Doubling the rate easycoin-bitcoin.. then 10x, then..
...breaking the connection...
BR
GC