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Author Topic: 1+ free Ripple BTC giveaway - ended! See OP! (Over 455 BTC gaveaway)  (Read 17812 times)
themusicgod1
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May 17, 2013, 02:46:44 AM
 #161

Now that i have 50 xrp its telling me i need 100 xrp.
What the hell is this?

One of the things you need xrp for is to make connections.  Although you are being effectively scammed here, if you choose to actually continue to do this, it is going to cost xrp.  Unlike bitcoin[which has no use value, only trade value] xrp is needed to use the functionality of the ripple network.
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Tritonio
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May 17, 2013, 02:57:50 AM
 #162

Unlike bitcoin[which has no use value, only trade value] xrp is needed to use the functionality of the ripple network.

Well by the same token Bitcoin has also got use value because it speeds up transactions if used as fee and is also needed for some transactions to ever go through.
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May 17, 2013, 03:07:15 AM
 #163

I can't grant you as a trusted person until I have some ripple - this is a circular problem.  Found it under send by recipient:

rGknJETExscK2JKSee4FetZqU7qRa3trYB

It says I need 300 ripples?  If anyone could be so kind as to send me 300 ripples - let me know if there's something I can help with in return =)

What can I do??  I have knowledge of finance, accounting and tax in the US/Canada - let me know if you need any =)

Thanks!!

As someone who's interested in getting accountants on this network I would be willing to send you some xrp.  What province are you in?
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May 17, 2013, 03:41:31 AM
 #164

Quote
good point: this trick lets him to steal REAL bitcoins, not ripple ious.

What he's doing here might leave some of us scratching our heads, and it might be wrong...but it's not stealing.  Stealing would be if he cracked the password on your ripple account and sent him a bunch of money(and even that's really a stretch).  We should not immediately say that things which make us feel queazy are wrong, and stealing.  That's how downloading things on the internet became associated with stealing.  What's going on here is a different activity, right or wrong, good idea or not.

The point is -- when you put real bitcoins into an account at an exchange, what are you doing?

You're trusting that they will keep these bitcoins in some form and that you will be allowed to sell them on the exchange for some other currency, and that at some point you will be either able to redeem your claims to that currency or your claims to that bitcoin.

There's no real reason why that trust would have to happen when you send them a bitcoin.  Obviously most of the time it's going to happen that way but it's imaginable that an exchange might have some other reason for assigning you an iou, for example it could be a marketing campaign where mtgox gives out 0.01BTC for every hour of lag or something that their account has experienced.  They would just have to create a credit in everyone's account for that amount, and bang every user expects mtgox to honour it

Now suppose that instead of 0.01 BTC they decided to give 1BTC to every user instead, if you allow them to have access to 100BTC of your account to help them with a new lag-prevention system.  At what point would you say that they stole the money?  After they've taken your 100BTC (which you agreed would help them prevent lag) or when you found you could no longer take 1BTC out of your account that they gave you?
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May 17, 2013, 03:47:45 AM
 #165

what we are seeing here is this experiment, is that any gateway can scam you by giving "trust lines".

Trusting someone is not a very good way of scamming them.  The 'scam', if there is one here is that people are being made to trust someone.

If I trust you for 100BTC, I am not scamming you -- I am merely telling the internet that you are a pretty solid person and that they should take you seriously(by the way, I do not trust you for 100BTC, as you are a random internet person to me, no offense).

As there's no real reason why people would keep these 100BTC lines as 100BTC(if he's trustworthy, that 100BTC can be increased, if he is not they can be decreased) the interesting thing will be, down the line if people realize that TradeFortress isn't who they thought he was, he might owe each of the people who took part in this 1BTC, with no intent to repay them, even when bitcoin is much more valuable than it is today.  The endgame here is him owing 100 people for...effectively no loss to them. 

That would make him a scammer, and it would also make him so in a very public way.

It's an interesting experiment -- to see if 100 promises of bitcoins are worth one promise of 1 bitcoin amongst 100 people who already have an ability to send money, relatively easily to eachother.  Apparently it is, to some people.
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May 17, 2013, 03:55:57 AM
 #166

rNMSHTVFY6ahQQ4ptx6487FUeWivDTyF6H

Sorry I have no XRP balance to create a trust :/ Anyone kind enough to donate? TIA!
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May 17, 2013, 04:33:44 AM
 #167

Unlike bitcoin[which has no use value, only trade value] xrp is needed to use the functionality of the ripple network.

Well by the same token Bitcoin has also got use value because it speeds up transactions if used as fee and is also needed for some transactions to ever go through.

That's an interesting interpretation however that's still a trade value -- the bitcoin is merely changing hands from node to miner, so realistically that's still an optional trade, and hence still kind of a trade value.  That's splitting hairs though so I'll admit you have a point.
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May 17, 2013, 05:00:18 AM
 #168

interesting, bitstamp ripple withdrawal down.....

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May 17, 2013, 05:05:25 AM
 #169

Ripple BTC are just IOUs and cannot necessarily be redeemed for the actual specie.

For instance, you cannot send them to bitstamp and receive real
bitcoins in your bitstamp account.   I tried it with TF's IOUs and
it was not possible.

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May 17, 2013, 05:09:03 AM
 #170

interesting, bitstamp ripple withdrawal down.....

I'm not sure what you mean.  I tried buying XRP today from bitstamp (just to find out the price) but
they were sold out.
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May 17, 2013, 05:14:31 AM
 #171

rfTfTpjSUeHjobNZRgTFbpLpwQbZPZYsUK

ok...but can I send this BTC to bitstamp or similar to actually send it to my private wallet

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May 17, 2013, 05:16:46 AM
 #172

rfTfTpjSUeHjobNZRgTFbpLpwQbZPZYsUK

ok...but can I send this BTC to bitstamp or similar to actually send it to my private wallet


No.


Ripple BTC are just IOUs and cannot necessarily be redeemed for the actual specie.

For instance, you cannot send them to bitstamp and receive real
bitcoins in your bitstamp account.   I tried it with TF's IOUs and
it was not possible.


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May 17, 2013, 05:25:00 AM
 #173

interesting, bitstamp ripple withdrawal down.....

I'm not sure what you mean.  I tried buying XRP today from bitstamp (just to find out the price) but
they were sold out.


yes they are all out of xrp

 I want to see if TF BTC can be withdrawn to bitstamp

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May 17, 2013, 05:26:13 AM
 #174

rfTfTpjSUeHjobNZRgTFbpLpwQbZPZYsUK

ok...but can I send this BTC to bitstamp or similar to actually send it to my private wallet


No.


Ripple BTC are just IOUs and cannot necessarily be redeemed for the actual specie.

For instance, you cannot send them to bitstamp and receive real
bitcoins in your bitstamp account.   I tried it with TF's IOUs and
it was not possible.




ok...so then these are non withdrawable btc's

does this give TF access to your XRP?

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🏰 TradeFortress 🏰
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May 17, 2013, 06:35:54 AM
 #175

Over 177 BTC has being sent.
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May 17, 2013, 06:38:12 AM
 #176

ripple address in signature

edit: the deeper i look into this the more hilarious it is. gimme dat fake btc. <3 you tf.

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May 17, 2013, 06:49:31 AM
 #177

1fjUcK54wkY9oU

My negative trust rating is reflective of a personal vendetta by someone on default trust.
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May 17, 2013, 06:50:43 AM
 #178

rf5A3wTgrkZVUkgHbhXHi7qQxzYkLSnkqX
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May 17, 2013, 07:02:48 AM
 #179

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May 17, 2013, 07:52:38 AM
 #180

This is an obvious fraud.. TradeFortress is making promises to pay BTC with this giveaway with no intention to honour them.

This is just as bad if not worse than the Matthew N Wright bet scandal.

Can we get a scammer tag for this douchebag!

If u used ur own brain u wouldn't say that TradeFortress is a scammer...
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