Ah well, let them have it I guess... I would love to see you act as Ripple gateway by the way as well, offering USD, BTC and LTC IOUs for withdrawal/deposit. In case you need some XRP to set this up, I can give you some from my giveaway for free. Anyways, looking forward to the API, first things first - once Bitfinex is on bitcoincharts I guess trading momentum will build up again as well - and my loan offers are taken again at rates that reflect current price increases better than "1 hamburger/day for 4 digit sums lent out"...  |
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Ponzi schemes pay interest out of deposited money instead of what they claim to earn money from. You probably mean pyramid scheme. Still these accusations are far from new: 2-3 years ago I heard nearly all arguments against ripple already in other threads. They were warning people to get into bitcoin...  |
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This is useless btc, he is giving. You cannot send this or exchanged.
It is a collectible replica of a Genuine BTC as they exist in Ripple. Not really, anyone can issue anything on ripple... That's the main point. |
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His reasoning is probably along the lines of "1 'BTC' on Ripple does not even mean 'bitcoin', it can mean anything!".
At least he gave these away for free, still there can be considerable harm done to anyone keeping the 100 BTC trust line to him. I'd advise anyone to remove the trust (= trusting him for 0 BTC) asap, especially if there is any intention of having other BTC IOUs in the same account.
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If you really want it, I'll send you some Ripple IOUs for free.
I honestly can't even figure out how this scam is supposed to work.. Seems convoluted and strange.. 1) Create tons of worthless IOUs but use a common name for these (e.g. "BTC", "USD"...). 2) Get people to extend trust to you (="giveaway thread"). 3) As soon as one of these people also has a trust line established with a "good" source of these IOUs (e.g. Bitstamp) and has some balance there, they can and ina few cases already did end up with the worthless IOUs instead. 2) is the problem where people are messing up, 3) is something that many are not aware of and that I too consider a flaw in the Ripple system (trusting 2 BTC gateways implicitly means that I value each to the same extent). |
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Good luck in enforcing anything from this debt... https://bitcointalk.org/index.php?topic=207841.0For a scammer tag, the accused person needs to have promised to do something and then failed to deliver on the promise. TradeFortress never promised to pay anyone any bitcoins here. If you trust him to do something that he didn't promise, that's your problem.
I don't recognize Ripple IOUs as binding agreements.
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Was spamming me with an offer (and a bad one too!) via PM. I am not pleased!  If i want to be ripped off by users here, I am perfectly capable of doing that on my own, no need to spam me. To all the other sellers in this thread: seems like you have no idea what xrp are worth these days. Everyone who has traded with me who has been happy...just read the posts above. Not one person said they were unhappy with the deal. The only ones complaining are the ones who weren't offered as much as they wanted...that's fine and sell to someone else (if you can get that price). But complaining that you didn't do a trade with me is not what the thread is about. If I am looking for "deals", I'm perfectly capable of doing so on my own. I am not complaining about the bad deal you offered me, I am complaining that you offered it to me on this very forum via PM - if you want to trade, Ripple itself is perfectly capable to handle your offers at whatever price you want to pay. Just because I received some XRP doesn't mean I consent to unsolicited offers by you. Feel free to value XRP at whatever price you like and feel free to sell them in a thread or something - but don't spam me with something I didn't ask for. |
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Ich nähme die 30k XRP um 2 BTC Edit: Waren wohl nur 29950 (kleiner Tipp - man kann nicht alle XRP in einem Account senden...)  Naja, die restlichen 50 gehen auf's Haus. Transaktion zu meiner Zufriedenheit erledigt. |
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I don't recognize Ripple IOUs as binding agreements.
Why?! They are signed statements that there will be a settlement of debt in the future, they are even more explicit than any "loan agreement" on this forum. Issuing debt with the clear intention of not settling it should at least be mentioned in the topic... I can pull off similar stuff in Bitcoin but then I'd be labeled scammer for sure. |
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Similar to ETFs for physical metals.
In fact, if some "trusted" entities were to introduce crypto currencies backed by physical metals and some commodities, in the same way ETFs work, those could be used by people in the basecoin network to establish prices of crypto coins relative to physical assets. Maybe even such entities could allow you to withdraw those physical assets.... Hey, lets say some business operates like a bank, allowing you to deposit US dollars for some special crypto coin they hold, that exists on a 1:1 relationship with the amount of dollars it holds... then people could totally use this crypto coin to do exchanges in the basecoin network. In order to redeem the dollars from this business that releases these US dollar-cryptos, you just just send them the cryptos back. you just described a limited version of ripple by the way, just to point this out... Anyways: "Best" worst case currently in inter chain trading is that you can freeze someone's coins for some time. Still annoying but not too bad. Someone suggested including branches of blocks as proof in the trading chain, still the easiest solution is with 3rd party trust or at least escrow. As a starter for coming up with a solution, think what would have happened at the big 0.8.0 fork event that changed more than 6 blocks in the past in your scenarios. Also there are traders (who want to trade as fast as possible) and buyers (who just want to trade once or a few times to get what they want) who might have different needs and requirements. |
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Step 4 is exploitable. This is the same issue as with inter chain transactions laid out in the wiki, only less elegant with yet another currency.
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Whoever put any trust at 100 BTC to TradeFortress in that thread is going to have a VERY bad time!
Do I understand it correctly, that it is risky to trust TradeFortress only if you have BTC IOUs from other issuers? It is risky to trust anyone for BTC as soon as you trust TradeFortress. It is very likely that any other BTC IOU will be sucked from you as soon as possible if you keep a trust line to him - as you see people are already desperate enough to sell them for just 1% of what they are worth on paper (in reality they are probably worth 0). |
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As long as he doesn't set up a path to some node that actually will pay out e.g. BitStamp there is probably no way to get these IOUs and they are essentially worthless.
Generally in Ripple:
If you don't trust somebody, don't trust somebody. You can and will loose money that way.
Whoever put any trust at 100 BTC to TradeFortress in that thread is going to have a VERY bad time!
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It is hashes per item delivered AND power consumption per item delivered. Exactly as advertised.
Please link to the advertisement as well as state these numbers here + on the bet. There are several advertisements out there that are at least partly conflicting which leads to confusion as you can clearly see. Time to clear this up. |
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Also, for Chrome users, heres a tip:
Don't use Chrome, ever. It has security holes big enough to sail the Titanic through, thanks to Google's never-ending thirst for your private data. Well, if you know of them, you can earn back far more than the 7000USD lost: http://www.google.com/about/appsecurity/reward-program/ |
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Schon gehört? Bitstamp wurde soeben hochgenommen von den slowenischen Behörden, genauere Infos im slowenischen Forenteil (einfach Google Translate verwenden).
Muhahahaha, wie sie gleich alle einen slowenischen Forenteil suchen!
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Has he stated anywhere that he even will honor this debt?
Have you received anything in return for these 4 IOUs? Generally anyone can issue arbitrary IOUs in ripple, as long as there is not even some intent by him to pay it back, you just got something equivalent to a piece of toilet paper that reads "this is worth 4 bitcoins from tradefortress".
Also why do you want to settle outside of ripple?
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Similar to the CreditCard thread:
It might work, but only for people desperate enough that are willing to wait 181 days until they are actually allowed to trade their balance for BTC/other currencies. Even then it might be that Google just cancels/blocks your wallet because so many people try to defraud you or complain that they cannot access/use your service for half a year.
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You do realize that Zerocoin requires more trust in a central authority than Bitcoin currently does? That alone will make it quite hard to be accepted into the bitcoin client. Also it probably requires a hard fork.
Feel free to play around with it on Testnet, but it is NOT a "just create some special transactions valid on current mainnet and you're magically anonymous" solution at all!
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Aber kannst gerne meinen haben. Sagen wir 5 BTC und gut ist!
Einfach an 13R51zTXessFXXurw1CczGnnNTZ6tk3dCj senden.
Möchte das Scheißteil loswerden. 70 GHash/s lohnt sich einfach nicht um schnell genug Millionär zu werden!
Gerne, ich schlage John als Escrow vor - Versand bezahle ich natürlich extra. Addresse gibt's dann per PM und die TrackingID hätte ich dann gerne bis heute abend. Außerdem möchte ich noch ein Foto vom geöffneten Gehäuse in dem sich alle Hardware + ein Zettel mit der von dir erwähnten Addresse + ein Schuh befindet, um sicher zu gehen, dass du den auch wirklich besitzt. Edit: So lange du dich irgendwo in Europa aufhältst, komme ich auch gerne (gratis) persönlich vorbei und hol das Ding ab! |
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