Yahoo answers isn't a legit source The opinion of theymos isn't either. |
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Dollar parity this year is kind of likely. But that also would mean stagnation of BTC prices.
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I don't recognize Ripple IOUs as binding agreements.
I don't know if you guys are following the TradeFortress vs Ripple drama, but as it turned out it raises the issue of how to threat ripple IOUs in the future. Now theymos made the above statement, which I must say I have a problem with. It is self contradictory to use ripple and at the same time not recognize IOUs as a form of contract. I would like to have a detailed explanation of how and why anybody thinks Ripple IOUs do not represent a binding agreement. Was that just for the case of TFs "game" or in general? Should ripple users post a new forum thread "validating" their thrust relationship each time they enter into one? I also see a potential conflict of interest since TF payed for advertising the ripplescam.org site on the Forum, and theymos taking partisan. |
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I don't recognize Ripple IOUs as binding agreements.
Why? |
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I assumed this is in response the the mtgox/dwolla account seizure, cuz that is what that was about. What else can it be? Ah ok, I thought you were saying that money laundering laws weren't regulations!  Regulation of exchanges =/ regulation of Bitcoin |
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I assumed this is in response the the mtgox/dwolla account seizure, cuz that is what that was about. What else can it be? |
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What has "regulation" as you Libertarians call it (really just compliance with anti money laundering laws) to do with a fixed (non-floating) exchange rate?
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As usual, my understanding of things is always suspect, so if anyone would like to point out any boneheaded things I've said in expressing my understanding of this situation, please go ahead.
So you are basically cheering for separating suckers from their money. I have done that as well some times, but never serious. |
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It doesn't matter what Tradefortress said or how he formulated it.
Rule of Acquisition #17 states that "A contract is a contract is a contract,"
The irony is real governments around the world see that exactly the same way.
Tradefortress you dun goofed.
Right, but I have not signed a contract. A Ripple IOU is not a contract (we went through this already), and theymos has the same position. That doesn't matter if even one of those deceived has the balls to sue you. And the greatest irony is if you loose the case you would have given ripple the biggest stamp of legitimacy currently thinkable. |
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It doesn't matter what Tradefortress said or how he formulated it.
Rule of Acquisition #17 states that "A contract is a contract is a contract,"
The irony is real governments around the world see that exactly the same way.
Tradefortress you dun goofed.
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Whether TradeFortress is honest or not his shennanigans reveal Ripple is a tremendous security vulnerability for anyone who uses it, unless you use an utterly paranoid set of precautions that have yet to be worked out.
Bullshit, it's only when the participants do not understand the concept of trust. By that logic pirateat40 revealed a tremendous security vulnerability too. Yes, but pirate didnt say, I am taking your money and not giving it back. Tradefortress said that here is an IOU I WILL NOT HONOR. In a sense IOU is a contract too. Yes, it is. And if someone handed you a contract that they said they were not going to honor, would you accept it then try to push to get it fulfilled? Yes. And I would sue them too. |
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I have just been at bitcoin conference in san Jose ca, this was a great thing for bitcoin. One thing I noticed while at the conference is there where heaps of ripple employees/promoters their pretending to be bitcoin users and supporters. They where very sneaky and have also disguised themselves on this forum as bitcoin users by building up lots of posts. Have have seen ripple for what it is now. ripple is a group of people trying to fool people into using their system and their own crypto currency to get rich and hold a monopoly on the market.
ripple is not decentralized.
ripple is polluting bitcoin. they do not like bitcoin and this can be seen easily when speaking to them face to face. don't be fooled by clever marketing.
Ripple should only ever be discussed in alternate crypto section.
I am re posting this hear because it was deleted from the ripple for bitcoin users discussion.
So it is like Ripple is the Romney campaign with paid supporters while Bitcoin is the Ron Paul campaign with unpaid grassroots supporters. How many BTC has Tradefortress spent yet btw? |
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We need more ripple paranoia.
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Of course pirateat40 did. Trust and greed are the opening for many security vulnerabilities.
I'd say it's rather greed that's a security vulnerability to trust. |
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Whether TradeFortress is honest or not his shennanigans reveal Ripple is a tremendous security vulnerability for anyone who uses it, unless you use an utterly paranoid set of precautions that have yet to be worked out.
Bullshit, it's only when the participants do not understand the concept of trust. By that logic pirateat40 revealed a tremendous security vulnerability too. Yes, but pirate didnt say, I am taking your money and not giving it back. Tradefortress said that here is an IOU I WILL NOT HONOR. In a sense IOU is a contract too. |
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Whether TradeFortress is honest or not his shennanigans reveal Ripple is a tremendous security vulnerability for anyone who uses it, unless you use an utterly paranoid set of precautions that have yet to be worked out.
Bullshit, it's only when the participants do not understand the concept of trust. By that logic pirateat40 revealed a tremendous security vulnerability too. |
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You are taking that vendetta of yours too a little too far.
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Shameless self bump, I'm seeing it pop up in every discussion, meanwhile the FUD machine is in high gear, steering into a brick wall (end of beta)
How many Bitcoins have the ripplescam.org guys already payed?
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