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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Worried about Mt Gox? What does this price fall mean for BTC and its clones? on: February 12, 2014, 01:12:56 PM
I know there is a lot of hatred for Ripple because many view it as a centralized currency that was pre-mined, but it is essentially a distributed and decentralized exchange.

You can trade BTC, LTC, DOGE, USD or any other currency just like you do on any other exchange.  Only difference is that Ripple has "bridges" that allow you to send your coins to the blockchain pretty much instantly (half hour or so) without having someone OK them.  

You also have the ability to transfer your funds into something that has no third party risk (XRP) - and although many do not like XRP because it was all pre-mined, it has value and can't be stolen without a secret key (just like Bitcoin).   This is the one thing missing in most exchanges.  You need to keep your coins with the exchange so you can trade, but if you want them on the blockchain you need to send them off the exchange (TIME AND MONEY).   This can all be sidestepped with Ripple.  

Here's an exchange (gateway) that has implemented this on Ripple... https://peercover.com/#/simpleGateway

You need a Ripple wallet and about 25 xrp (50 cents) to get started.  No other XRP is required except a .00001 xrp fee on trades.

NOTE: EVERY EXCHANGE IS CENTRALIZED.  Currently - only Ripple allows you to remove SOME of that centralization and remove some of the risk of things happening like the current MTGOX debacle.  

PS - if you are too lazy to figure out how to use a decentralized exchange that is still in Beta, how are you going to figure out how to use a non-functional pre-mine like NXT or something else that tries to mimic Ripple but hasn't figured out how to do it yet?
2  Alternate cryptocurrencies / Altcoin Discussion / Re: I am done with Cryptsy... please help me find another exchange on: February 11, 2014, 10:24:08 PM
I posted this on another Cryptsy hate thread, but hopefully it will help here too..

I know there is a lot of hatred for Ripple because many view it as a centralized currency that was pre-mined, but it is essentially a distributed and decentralized exchange.

You can trade Doge or any other currency just like you do on any other exchange.  Only difference is that Ripple has "bridges" that allow you to send your coins to the blockchain pretty much instantly (half hour or so) without having someone OK them. 

You also have the ability to transfer your funds into something that has no third party risk (XRP) - and although many do not like XRP because it was all pre-mined, it has value and can't be stolen without a secret key (just like Bitcoin).   This is the one thing missing in most exchanges.  You need to keep your coins with the exchange so you can trade, but if you want them on the blockchain you need to send them off the exchange (TIME AND MONEY).   This can all be sidestepped with Ripple. 

Here's an exchange (gateway) that has implemented this on Ripple... https://peercover.com/#/simpleGateway

You need a Ripple wallet and about 25 xrp (50 cents) to get started.  No other XRP is required except a .00001 xrp fee on trades.
3  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Fuck Cryptsy, Fuck Cryptsy, Fuck Cryptsy on: February 11, 2014, 10:18:05 PM
I know there is a lot of hatred for Ripple because many view it as a centralized currency that was pre-mined, but it is essentially a distributed and decentralized exchange.

You can trade Doge or any other currency just like you do on any other exchange.  Only difference is that Ripple has "bridges" that allow you to send your coins to the blockchain pretty much instantly (half hour or so) without having someone OK them.  

You also have the ability to transfer your funds into something that has no third party risk (XRP) - and although many do not like XRP because it was all pre-mined, it has value and can't be stolen without a secret key (just like Bitcoin).   This is the one thing missing in most exchanges.  You need to keep your coins with the exchange so you can trade, but if you want them on the blockchain you need to send them off the exchange (TIME AND MONEY).   This can all be sidestepped with Ripple.  

Here's an exchange (gateway) that has implemented this on Ripple... https://peercover.com/#/simpleGateway

You need a Ripple wallet and about 25 xrp (50 cents) to get started.  No other XRP is required except a .00001 xrp fee on trades.  
4  Economy / Service Discussion / Re: Massive DDOS? on: May 31, 2013, 04:57:47 PM
I just tried to go to blockchain.info, mtgox.com, bitstamp.net and btc-e.com and they all gave me 504 Gateway timeouts.

Is there a massive DDOS attack occurring right now?   I haven't seen any news on the boards.

All seem to work

Yeah, everything went up right after I posted this.
5  Economy / Service Discussion / Massive DDOS? on: May 31, 2013, 04:32:41 PM
I just tried to go to blockchain.info, mtgox.com, bitstamp.net and btc-e.com and they all gave me 504 Gateway timeouts.

Is there a massive DDOS attack occurring right now?   I haven't seen any news on the boards.
6  Economy / Scam Accusations / Re: TradeFortress VERY untrustworthy, owes me 10.15 BTC, possibly others. on: May 21, 2013, 12:04:58 AM
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.  

Maybe you should read TradeFortress' posts on his OP on the Newbie forum.   He did not say "here is an IOU I WILL NOT HONOR."  He said

https://bitcointalk.org/index.php?topic=206948
Quote from: TradeFortress
I am giving away at least 1 BTC per address on Ripple.

https://bitcointalk.org/index.php?topic=206948.msg2166536#msg2166536
Quote from: TradeFortress
B) I won't defraud/scam you out of any money. Yes, you can convert the BTC I send you to real BTCs. For continued discussion, send me a PM, responses will be deleted from this point.

I PM'd him to ask him how he would deal with redeeming IOUs so that anyone could convert his IOUs into BTC.  He wrote...




So in summary he misled people, while counting on their ignorance of how Ripple works, into letting him put them in harm's way so he and his confederates could steal their legitimate IOU's from reputable gateways.
7  Economy / Scam Accusations / Re: Theymos: What the fuck is up with BFL and TradeFortress? on: May 20, 2013, 11:47:37 PM
Here's how the scam went down along with his admission of what he was doing...


https://bitcointalk.org/index.php?topic=206948
Quote from: TradeFortress
I am giving away at least 1 BTC per address on Ripple.

https://bitcointalk.org/index.php?topic=206948.msg2166536#msg2166536
Quote from: TradeFortress
B) I won't defraud/scam you out of any money. Yes, you can convert the BTC I send you to real BTCs. For continued discussion, send me a PM, responses will be deleted from this point.

I PM'd him to ask him how he would deal with redeeming IOUs so that anyone could convert his IOUs into BTC.  He wrote...




So in summary he misled people, while counting on their ignorance of how Ripple works, into letting him put them in harm's way so he and his confederates could steal their legitimate IOU's from reputable gateways.
8  Economy / Scam Accusations / Re: Theymos: What the fuck is up with BFL and TradeFortress? on: May 20, 2013, 11:11:21 PM
My primary concern with ripple is exactly what TradeFortress has just demonstrated. Ripple IOUs have different values based on the issuer. If they traded on an open market, you would see this. IOUs for a trusted institution are worth more than IOUs for a less trusted one. E.g. you might see Bitstamp USD IOUs trading against Weexchange IOUs at a non-1 rate, such as 1.1.

But we don't see that in ripple (as far as I can tell). Instead, we see a markets labelled by the currencies only, such as USD/XRP. But whose USD? Where's the Bitstamp USD / Weexchange USD market?

The fact that default risk fluctuates is acknowledged by participants in the real financial markets. We have credit markets. The values of various entities' credit float against one another. They are not all the same.

These are legitimate concerns and questions, however what TradeFortress did does not illustrate your concerns, it merely shows that he can use technology that newbies don't understand to facilitate a fraud.   At this point in the Ripple system you don't trust any issuer of USD that you don't trust equally with another issuer.  You may not like it, but that's how it works right now.  He is taking advantage of ignorance, while simultaneously misleading through half truths and lies.  Read his post on the Newbie board if you're unclear on this.

He said he was going to deposit 1 BTC in to a person's Ripple account.    A newbie who barely understands Bitcoin is not going to understand that in a completely different system (Ripple) that BTC is an IOU.    Then add an additional layer of complication in that most people are not used to being in control of who they trust when it comes to money IOU's (government usually is) and you have a recipe for theft that is unnecessary and proves nothing but that Tradefortress is willing to hurt people in order to take down Ripple.

The worst part about it is he has credibility on this board and so newbies are liable to trust him (Luckily a moderator put warnings on his OP, since all warnings by other people were self-moderated by Tradefortress).  Abusing this trust and not having moderators put a REAL stop to it  - This is just plain wrong.
9  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 03:15:06 PM
TradeFortress reminds me of when Thomas Edison electrocuted cats, dogs and elephants with alternating current (AC) to show how dangerous it was compared to direct current (DC). 

It's pretty clear TradeFortress isn't going to feel guilty for defrauding newbies and the moderators are going to protect "their own." (Ha!)  But maybe a brief look at history will open some member's eyes to the way this type of BS propaganda sorts itself out.

http://www.wired.com/science/discoveries/news/2008/01/dayintech_0104

Relevant quote: "In the end, though, all Edison had to show for his efforts was a string of dead animals, including the unfortunate Topsy, and a current that quickly fell out of favor as AC demonstrated its superiority in less lethal ways to become the standard."



10  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 01:18:40 PM

I would not accept a BoA balance equal to a Citibank's balance if the nearest BoA atm is a hour's drive away compared to 5 minutes, for example.


This is why you're a douchebag.  

YOU don't have to accept BOA and Citibank equally.   But if you trust BOA - THEY trust Citibank - and thus you can end up with money from someone trusting Citibank.

Get it dumbass?  (probably not)

What Ripple does is let you TAKE RESPONSIBILITY for these trust relationships in a finer and more detailed way.   However, that's harder to do when a jerk-off like you is misleading people into thinking you're "going to send them BTC on Ripple" when they don't even understand what Ripple is.

You're a fucking scammer - you misled people to perpetrate a fraud. That's a fact.  Whether the moderators want to do the right thing or not is irrelevant.

geeeeez, if a forum troll can wreak such havoc then ripple doesn't seem to be that much of a system, does it?

Using the credibility Tradefortress gained on Bitcointalk to dupe newbies in a system they don't understand, isn't creating havoc for Ripple.  It is however a good illustration of how the Bitcoin folks here have become so cult-like that they can't even acknowledge when one of their own is defrauding people.  

If you've shown a child that they can put their hand near the bottom of a vacuum cleaner and the suction makes them laugh, do you use that trust to have the child put their hand near the bottom of a lawn mower because it too can be pushed around and so you can mislead the child into thinking the two items are similar?   When the child's hand and fingers get cut off, does that mean that if lawn mowers can wreak such havok then they must not be useful tools like vacuum cleaners?  Or does it mean the person that put the child's hand under the lawn mower is a piece of shit?

I'll go with the latter.
11  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 06:02:55 AM
You're the people who don't actually understand how the ledger system requires you to trust the nodes that you get your information from, which are all OpenCoin Inc or OpenCoin Inc sponsored ones.

With bitcoin, you can verify everything yourself. It's like there being Blockchain.info and only blockchain.info - no full nodes like bitcoin-qt, and all the mining has being done by Satoshi.

What does this have to do with you misrepresenting and misleading newbie's?
12  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 05:54:32 AM
Anyways, I think I wasted enough of my time arguing with you and other drive by posters from the ripple forum.

Who are you referring to?

I've been on Bitcointalk.org a year and three months longer than you have. 

Date Registered:    March 26, 2013, 01:04:07 PM

First post: coming here to promote Ripple

Who are the "other drive by posters?"  As I said, I've been on Bitcointalk a year and three months before you were.
13  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 05:52:34 AM
I'm done.

Hopefully.  

The worst part about this whole ordeal is that you have a long posting history on Bitcointalk and the Newbie's you posted to most likely took that as a cue that you were reputable and that your "experiment" was leading them down a path where they wouldn't get hurt.  
14  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 05:31:41 AM
Anyways, I think I wasted enough of my time arguing with you and other drive by posters from the ripple forum.

Who are you referring to?

I've been on Bitcointalk.org a year and three months longer than you have. 
15  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 05:10:35 AM
Also, I could have sent everyone 100 BTC, which would have removed the liquidity providing part, but the point that you cannot send money in Ripple still stands.

You must be as dense as a rock.  Ripple isn't meant to send actual BTC.   Just like a check isn't meant to send actual USD.  You're a fucking idiot.  Really. I still can't figure out why you don't have a scammer tag for pulling this kind of shit.
16  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 05:09:06 AM

That's a bad analogy. If receiving bitcoin payments required people to post their private keys...

It's not a bad analogy.  It shows that if someone doesn't understand something they can be scammed by someone who does.

If you don't understand public vs private keys then you could easily be convinced by a scammer to have them give you a private key.

In the same vein, if someone doesn't understand how trust works in Ripple, a douchebag scammer like yourself can convince them to trust people they shouldn't and have bad consequences.

The fact that you don't steal the money directly in the second scenario doesn't make you less of a scammer.   A more elaborate or complicated scam or the use of a more complicated system in order to perpetrate a scam is still - A SCAM.

You have misrepresented through half-truths and obfuscation what you were having people do.   You used their ignorance to put them in harm's way.  
17  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 04:57:34 AM

I would not accept a BoA balance equal to a Citibank's balance if the nearest BoA atm is a hour's drive away compared to 5 minutes, for example.


This is why you're a douchebag.  

YOU don't have to accept BOA and Citibank equally.   But if you trust BOA - THEY trust Citibank - and thus you can end up with money from someone trusting Citibank.

Get it dumbass?  (probably not)

What Ripple does is let you TAKE RESPONSIBILITY for these trust relationships in a finer and more detailed way.   However, that's harder to do when a jerk-off like you is misleading people into thinking you're "going to send them BTC on Ripple" when they don't even understand what Ripple is.

You're a fucking scammer - you misled people to perpetrate a fraud. That's a fact.  Whether the moderators want to do the right thing or not is irrelevant.
18  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 19, 2013, 04:39:46 AM
What about people losing their bitstamp  BTC? That's the damage I was thinking of when I wrote that.

He claims he was not the one who ended up redeeming peoples bitstamp BTC, but that he just set in motion events that enabled people to effectively lose their bitstamp BTC. By lose, I mean have them replaced by TradeFortress BTC.

If people trust TradeFortress AND Bitstamp USD, they are saying that they will accept both equally (just like you'd accept a balance at Bank of America and Citibank for US dollars equally).

Douchebag TradeFortress understands that Ripple is a ledger system that keeps track of IOUs but wants to play stupid while he allows people to be scammed because of his actions.

Ripple is a distributed ledger system that allows you to keep track of IOUs.   That's its function.   It allows you to take control of who you do and don't trust when accepting IOUs.   It allows this trust to "ripple" if you want it to (optional).   That's a feature of the system.  It's not like Bitcoin.  TradeFortress is playing on most people's ignorance of this and making it seem like it's a flaw because it doesn't work the way Bitcoin does.   He's a douchebag.

Unfortunately he obviously has friends on this board that will continue to allow him to scam Newbies either because they are ignorant of what he is doing or they just don't care.
19  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 18, 2013, 12:26:19 AM
Just like if someone didn't understand how public/private key encryption works it would be sleazy to ask them for the PRIVATE key of their wallet to deposit money and then use that private key to steal the rest of the BTC from their wallet.

That's true. However, I haven't used it to steal BTC IOUs from other people's wallet, people who have zero affiliation with me (other than also being sent my IOUs) did.

TESTING MEANS TEST IT ON MYSELF / OWN ACCOUNTS. I am not responsible for anything other people do. Oh, and see Deprived response for why Ripple is actually flawed in how liquidity providers work.

You're involved in a scam.  If you did the same thing with secret keys (knowing that people didn't understand what they were) and then gave those secret keys away to other people - would that make you any less culpable in the scam?   I think not.

Having people trust you for 100 BTC in Ripple is the same thing as asking someone who doesn't know the difference between a private key and public key to give you a private key.   In both cases you are playing on someone's ignorance of the system and promoting theft - whether you do the stealing or not.

20  Economy / Scam Accusations / Re: TradeFortress is a scammer. on: May 18, 2013, 12:15:10 AM
Didn't I just say except testing? I think I should go to jail now, for hacking my own webserver  Roll Eyes

Reading comprehension, thnx.

Yeah if I got a newbie to give me their secret key for their Bitcoin wallet and said it was for "testing" would that make it OK?

You're really something.  You must have some good friends on this board to get away with this kind of shit.
I think you're being confused here, if I got my own private key for my address would it be OK?

Hint: yes.

I'm not confused at all.

You posted on a newbie forum the following: " I am giving away at least 1 BTC per address on Ripple."

You flat out said you are giving away BTC on Ripple.  The only way to do that on Ripple is to issue an IOU since the only trust-free currency on Ripple is XRP.   You are playing on the fact that people don't understand how Ripple works.  That is not a flaw.   Just like if someone didn't understand how public/private key encryption works it would be sleazy to ask them for the PRIVATE key of their wallet to deposit money and then use that private key to steal the rest of the BTC from their wallet.

I'm done arguing with you.   If the Mods here think it's OK to put up a little red warning when one of their Hero members is pulling a full out scam on ignorant newbies then so be it.
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