1+ free Ripple BTC giveaway - ended! See OP! (Over 455 BTC gaveaway)

[malaimult]

rLgbpjNtVQ6ENjn5nGgnyi26gn9EBjuKhj

Thanks a lot!

don't do any deals with Warry, he is a scammer

[malaimult]

Posted my address a few pages ago but received nothing, any chance I could receive it after all ^^? Thanks!
rLgbpjNtVQ6ENjn5nGgnyi26gn9EBjuKhj

don't do any deals with Warry, he is a scammer!!

[malaimult]

It's not possible to send them to Bitstamp or withdraw them in any way, right?

don't do any deals with Warry, he is a scammer

[BitcoinBaBa]

Is it real BTC or BTC IOU ? The concept of ripple is just too confusing !       

[tysat]

Is it real BTC or BTC IOU ? The concept of ripple is just too confusing !       

BTC IOU

[webr3]

MOD EDIT:
Read about ripple first, this isn't a real bitcoin you're getting


To expose and bring awareness to the flaws in the Ripple payment system, I am giving away at least 1 BTC per address on Ripple.

This is a social experiment. Therefore, posts not consisting of an Ripple address to send 1+ BTC to may be deleted.

How it works

1. Register for a bitcointalk.org forum account if you haven't
2. Complete the following steps in your light (not a full node) Ripple client:


MOD EDIT 2:
This is a dangerous action to do - you are essentially giving Tradefortress access to up to 100 BTC in your Ripple account.


So you can copy and paste the address we're sending your bitcoin from, it's rH3bZsvVUhzugvcYuJVoSYCEMHkfK6wHNv

3. Post your address here. I will send at least 1 BTC to your address.

That's it!

I suggest reading RippleScam.org afterwards. Please note that you must exchange your bitcoins with an liquidity provider (Ripple does this automatically, when paths are calculated) in order to withdraw them from a gateway.

Let's do this:

rPcu8U9dSsK6nHtqgpeSvjuFTmNGq3arPh

I have trusted you for 100 BTC. And I have 10.15 BTC/bitstamp in that account. Prove whatever point you are trying to make.

[BitcoinBaBa]

Is it real BTC or BTC IOU ? The concept of ripple is just too confusing !       

BTC IOU

oh well..more debt!
ripples= obamacoin or worst ,bernanke con?

[Nite69]

MOD EDIT:
Read about ripple first, this isn't a real bitcoin you're getting


To expose and bring awareness to the flaws in the Ripple payment system, I am giving away at least 1 BTC per address on Ripple.

This is a social experiment. Therefore, posts not consisting of an Ripple address to send 1+ BTC to may be deleted.

How it works

1. Register for a bitcointalk.org forum account if you haven't
2. Complete the following steps in your light (not a full node) Ripple client:


MOD EDIT 2:
This is a dangerous action to do - you are essentially giving Tradefortress access to up to 100 BTC in your Ripple account.


So you can copy and paste the address we're sending your bitcoin from, it's rH3bZsvVUhzugvcYuJVoSYCEMHkfK6wHNv

3. Post your address here. I will send at least 1 BTC to your address.

That's it!

I suggest reading RippleScam.org afterwards. Please note that you must exchange your bitcoins with an liquidity provider (Ripple does this automatically, when paths are calculated) in order to withdraw them from a gateway.

Let's do this:

rPcu8U9dSsK6nHtqgpeSvjuFTmNGq3arPh

I have trusted you for 100 BTC. And I have 10.15 BTC/bitstamp in that account. Prove whatever point you are trying to make.

Do you have trust for both bitstamp and TF concurrently?

I'm not sure, but if you have, someone maybe can move their TF BTC to bitstamp.

1) I have TF bitcoin on my acocunt
2) I trust TF and Bitstamp
3) I try to move my TF bitcoins to bitstamp
4) bitstamp does not trust TF -> ripple prevents direct move
4) Ripple finds out that I trust TF, you trust TF and bitstamp -> it can send my TF bitcoin throught you to bitstamp (to my account). Meanwhile, it swaps your bitstamp BTC to TF BTC.

Not sure, if it works... maybe?

edit: I'm not going to try..  that would be stealing

edit2: ok, I'll try. Promise to pay back, if it works.

edit3: well, it worked. I'll pay back.

[webr3]

MOD EDIT:
Read about ripple first, this isn't a real bitcoin you're getting


To expose and bring awareness to the flaws in the Ripple payment system, I am giving away at least 1 BTC per address on Ripple.

This is a social experiment. Therefore, posts not consisting of an Ripple address to send 1+ BTC to may be deleted.

How it works

1. Register for a bitcointalk.org forum account if you haven't
2. Complete the following steps in your light (not a full node) Ripple client:


MOD EDIT 2:
This is a dangerous action to do - you are essentially giving Tradefortress access to up to 100 BTC in your Ripple account.


So you can copy and paste the address we're sending your bitcoin from, it's rH3bZsvVUhzugvcYuJVoSYCEMHkfK6wHNv

3. Post your address here. I will send at least 1 BTC to your address.

That's it!

I suggest reading RippleScam.org afterwards. Please note that you must exchange your bitcoins with an liquidity provider (Ripple does this automatically, when paths are calculated) in order to withdraw them from a gateway.

Let's do this:

rPcu8U9dSsK6nHtqgpeSvjuFTmNGq3arPh

I have trusted you for 100 BTC. And I have 10.15 BTC/bitstamp in that account. Prove whatever point you are trying to make.

Do you have trust for both bitstamp and TF concurrently?

I'm not sure, but if you have, someone maybe can move their TF BTC to bitstamp.

1) I have TF bitcoin on my acocunt
2) I trust TF and Bitstamp
3) I try to move my TF bitcoins to bitstamp
4) bitstamp does not trust TF -> ripple prevents direct move
4) Ripple finds out that I trust TF, you trust TF and bitstamp -> it can send my TF bitcoin throught you to bitstamp (to my account). Meanwhile, it swaps your bitstamp BTC to TF BTC.

Not sure, if it works... maybe?

edit: I'm not going to try..  that would be stealing

Try, it's fine. See also: https://bitcointalk.org/index.php?topic=210634.0

[Nite69]

Well, it worked. Now I stole someone's bitcoin. To who shall I return it?

[webr3]

Well, it worked. Now I stole someone's bitcoin. To who shall I return it?

You didn't https://bitcointalk.org/index.php?topic=210634.msg2209999#msg2209999

TradeFortress gave you 1 Bitcoin, and many other people. Everytime one of you cashes it in, he owes me one more.

[Nite69]

Well, it worked. Now I stole someone's bitcoin. To who shall I return it?

You didn't https://bitcointalk.org/index.php?topic=210634.msg2209999#msg2209999

TradeFortress gave you 1 Bitcoin, and many other people. Everytime one of you cashes it in, he owes me one more.

Anyway, I have one bitcoin, which is not mine. I can reasonably assume it is either your's or TF's? I will return it when I know for sure to what address.

[ironcross360]

I think it might be Peter Lamberts... PM Him.

Well, it worked. Now I stole someone's bitcoin. To who shall I return it?

You didn't https://bitcointalk.org/index.php?topic=210634.msg2209999#msg2209999

TradeFortress gave you 1 Bitcoin, and many other people. Everytime one of you cashes it in, he owes me one more.

Anyway, I have one bitcoin, which is not mine. I can reasonably assume it is either your's or TF's? I will return it when I know for sure to what address.

[Rampion]

Very curious as to what you're going to do with this - as you're against Ripple. But hey, I'll participate.
rLSFdBZuJdd3XAwXJBQ8jyxLhd63g2wEYV

That's what I though. I consider ripple to be junk anyways so lets see what this man is doing

Don't you see that he is just brilliantly exposing a fatal flaw in the Ripple system?

He is just issuing tons of unbacked debt which will collapse at some point, and the last ones will be left holding the bag with useless IOU's or "Ripple BTC" and 0 real BTC on their gateway's account.

Of course you are not supposed to trust any anonymous guy of the internet - you should only trust ONE gateway per currency, which should be your bank for fiat currencies and MtGox/Bitstamp etc. for BTCs.

But "you are not supposed to" is a big assumption. People will do en masse exactly what TradeFortress is doing, you know why? Because creating money from thin air is beautiful, and it's a perfect way to scam - we will see epic scams on Ripple. And this is the interwebz, people will "trust" their buddies, because isn't trusting friends what this is all about?

[fulluser]

rDdfqrR5rNcekNKLFEkT3LGRJz6oZkGPqF
Thanks

[Nite69]

btw, what if I have trust to TF and bitstamp, but my account is 0 BTC?
Can the system use it as gateway? So I would end up having -1 real BTC and +1 TF BTC, ie 0 BTC just like now?

[webr3]

btw, what if I have trust to TF and bitstamp, but my account is 0 BTC?
Can the system use it as gateway? So I would end up having -1 real BTC and +1 TF BTC, ie 0 BTC just like now?

It is all REAL BTC.

TradeFortress offered you all a 1 BTC IOU, he said he owed you 1 BTC each. He essentially wrote you a cheque for 1 BTC with an empty bank account. The trust lines he asked you to set, was asking you to extend 100 BTC credit to him, which he could incur in debt.

TradeFortress has 445+ outstanding 1 BTC public promises, and 10.15 BTC worth of fullfiled promises which he now owes me, it is debt he has publicly and willingly incurred.

TradeFortress pays me my 10.15 BTC back, or he is 10000% scamming, deceiving, and foolish.

TradeFortress entered into this with eyes wide open.

[tysat]

It is all REAL BTC.

No it's not, it's a BTC IOU.  If it were real BTC you'd be able to spend it right away.

[Injust]

I'd say you are both kind of right
Yes, TradeFortress is issuing IOUs. However, because webr3's Bitstamp-issued IOUs got exchanged in there with other people's TradeFortress IOUs, some people got webr3's Bitstamp IOUs instead and used them.

[webr3]

It is all REAL BTC.

No it's not, it's a BTC IOU.  If it were real BTC you'd be able to spend it right away.

It is a promise to pay 1 BTC, is it not, a promise that is automatically and digitally made liquid the second you are trusted by anybody with a BTC IOU from a trusted source.

TradeFortress walked in to this with eyes wide open, hoping for exactly this result. It has happened, he has taken out 10.15 BTC worth of debt from a trusted source with me, which he now owes me. It's not my fault he's given it away.

More to the point, many other people could have been deceived out of up to 100 BTC each (and still could be), and 445+ people have been (potentially) let down by TradeFortress's as yet unfulfilled promises.

If this isn't a deceitful, foolish, untrustworthy, dirty thing to do, what is?