> If buying a hamburger cost you $30 in fees on top of the $6 burger, you'd stop using dollars for everyday purchases, too.
Or maybe you'd buy a few month's worth of burgers.
Or maybe you'd buy a few month's worth of burgers.
The only difference between a normal debit card and a bitcoin-backed debit card is that the bitcoin backing layer is more expensive than the usual one.
And that was arguably a key goal for Bitcoin. It came up in the shadow of ecash and e-gold. Although it's not as decentralized as many expected, it's also far less vulnerable to government takedown than ecash and e-gold were. But sadly, it's no less vulnerable to speculation than any other small currency has been.