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Author Topic: TradeFortress is a scammer.  (Read 14214 times)
mmeijeri
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May 19, 2013, 10:26:33 AM
 #181

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

Trust really means trust. As long as you don't grant trust to someone you don't really trust with that amount of money, you'll be fine. The trust system is what allows you to be independent of the banking system if necessary, though it doesn't insulate you against inflation caused by central banks.

ROI is not a verb, the term you're looking for is 'to break even'.
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Raoul Duke
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May 19, 2013, 10:31:41 AM
 #182

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

Trust really means trust. As long as you don't grant trust to someone you don't really trust with that amount of money, you'll be fine. The trust system is what allows you to be independent of the banking system if necessary, though it doesn't insulate you against inflation caused by central banks.

Trust, just like love, is eternal only while it lasts Wink

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May 19, 2013, 10:48:13 AM
 #183

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

Trust really means trust. As long as you don't grant trust to someone you don't really trust with that amount of money, you'll be fine. The trust system is what allows you to be independent of the banking system if necessary, though it doesn't insulate you against inflation caused by central banks.

Trust, just like love, is eternal only while it lasts Wink

I guess that Mark Karpeles and Peter Vessenes trusted each other for a few months while their contract was drawn up and signed.

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May 19, 2013, 01:02:43 PM
 #184

I guess that Mark Karpeles and Peter Vessenes trusted each other for a few months while their contract was drawn up and signed.

Who needs trust when you have a contract that specifies 50 million in damages if broken...
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May 19, 2013, 01:18:40 PM
Last edit: May 19, 2013, 02:20:18 PM by bitaccumulation
 #185


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.

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May 19, 2013, 03:15:06 PM
 #186

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."




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May 19, 2013, 04:31:11 PM
 #187

https://bitcointalk.org/index.php?topic=151880.0

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May 19, 2013, 04:57:12 PM
 #188

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."


Every electronic device on Earth uses DC, he didn't lose too badly. Smiley
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May 19, 2013, 05:11:21 PM
 #189

I clicked on "Send Money", entered an ripple address, typed [1 to 100] BTC, and clicked on send.

So if someone trusts me for some currency, I can just use default client and send him or her that currency without having it on my account?

Yes.

You CAN'T have it on your account - all you can have in your account are XRPs and IOUs.

Wow glad I did not invest any BTC into XRP lol.
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May 19, 2013, 09:09:15 PM
 #190

geeeeez, if a forum troll can wreak such havoc then ripple doesn't seem to be that much of a system, does it?
Except that the actual vandalism/damage to the Ripple system was non-existant.

IMO, Ripple questions are best asked (and answered) on the Ripple forum and/or StackExchange
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May 20, 2013, 05:56:35 AM
 #191

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."


Every electronic device on Earth uses DC, he didn't lose too badly. Smiley

Well yes he did, considering the application he was implementing it for.  It certainly wasn't electronic devices.

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May 21, 2013, 01:32:37 AM
 #192

Man it must suck spending all you time refuting scammer allegations maybe if you weren't such a fucking asshole thief you could give your fingers a rest from spewing more of your bullshit trying to cover for your previous bullshit.  

Fuck tradefortress...   YOU SUCK... I am adding tradefortress to my confirmed scammer list on facebook. If you cant tell I really dont like this guy he is a thief.
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May 21, 2013, 01:43:19 AM
 #193

All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

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May 21, 2013, 09:05:57 AM
 #194

All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

1. NO
2. NO
3. NO

I like Ripple but i'm not affiliated nor a "supporter" (maybe... still) nor i'm in love with it.

Infact diskiling Ripple shouldn't be a handicap in understanding how dishonest TF was.

I see here a lot of people wich basically are saying that letting people to lose theyr money to demonstrate (without any logic in this demonstration) that Ripple is flawed it's right. That's simply absurd.

People trusted TF, in a system they don't understand well, but they never thought to be in danger of losing 100 BTC each. That's because he intentionally misrepresented Ripple and his IOUs.



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May 21, 2013, 01:06:42 PM
 #195

All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

1. NO
2. NO
3. NO

I like Ripple but i'm not affiliated nor a "supporter" (maybe... still) nor i'm in love with it.

Infact diskiling Ripple shouldn't be a handicap in understanding how dishonest TF was.

I see here a lot of people wich basically are saying that letting people to lose theyr money to demonstrate (without any logic in this demonstration) that Ripple is flawed it's right. That's simply absurd.

People trusted TF, in a system they don't understand well, but they never thought to be in danger of losing 100 BTC each. That's because he intentionally misrepresented Ripple and his IOUs.






i don't think you understand what happened in the thread. webr3 tried to get his btc "stolen" but it didn't work the first time around, so he told tradefort to send it on ripple /again/ after letting the whole community know where to steal it.

"FREE BAG OF MONEY UNDER THE PARK BENCH ALL NIGHT. BUT IF YOU STEAL IT, THE PERSON I TOLD TO PUT IT THERE (INSTEAD OF GIVING TO ME THROUGH BLOCKCHAIN) IS A SCAMMER."



All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

agreed

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May 21, 2013, 01:08:03 PM
 #196

I send 100 BTC to Bob. Bob had 100 BTC in Bitstamp IOUs.

Bob makes another account, and makes it look like someone else exchanged his bitstamp IOUs when he did it himselves. He comes to me and asks me for 100 BTC "he lost" (to himself).

Wow what a cluster-fuck Ripple is.

Scammer's haven. Thanks for the thought experiment TF.

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May 21, 2013, 01:15:35 PM
 #197

Okay, I see where I was wrong. You would not be getting my IOUs if you have not trusted me, you would have got the IOUs of someone who you trusted who trusted me's IOUs which are really being backed by my IOUs. This distinction does not change the fact that:

i) you're still affected
ii) your bitstamp IOUs could have being substituted for someone's IOUs, still based on my IOUs
iii) a large enough default will leave people who you trusted being unable to repay

There's no way for your friend who you trust very much to repay IF he lost every single asset because it was replaced with worthless IOUs.

There is a difference between IOUs on an exchange, and actually trading around IOUs in an infinite web with Ripple substituting your IOUs even through they have a different value. Take this example:

You trust Bitstamp for 20 BTC.
You trust your friend Bob for 20 BTC.

You have 15 Bitstamp BTC. Your friend Bob just went on a holiday for a couple of weeks. Out of the blue, the Ripple system has decided to substitute your 15 BTC-Bitstamp for 15 BTC-Bob - because the Ripple system will not work efficiently without this substitute. You want to redeem your BTC, Bob's on a holiday, you'll have to try and trade your BTC back to Bitstamp but there may not be paths.

15 BTC in 3 weeks is different from 15 BTC now, and that's not even considering the fact that you can never trust someone 100%. Ripple thinks they are the same, and they'll substitute it each other - because OpenCoin Inc's system is more important than you.

Interesting example as a thought exercise. The BTCs of Bitstamp are different from the BTCs of Bob or the BTCs of party X.

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May 21, 2013, 01:18:35 PM
 #198

All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

1. NO
2. NO
3. NO

I like Ripple but i'm not affiliated nor a "supporter" (maybe... still) nor i'm in love with it.

Infact diskiling Ripple shouldn't be a handicap in understanding how dishonest TF was.

I see here a lot of people wich basically are saying that letting people to lose theyr money to demonstrate (without any logic in this demonstration) that Ripple is flawed it's right. That's simply absurd.

People trusted TF, in a system they don't understand well, but they never thought to be in danger of losing 100 BTC each. That's because he intentionally misrepresented Ripple and his IOUs.






i don't think you understand what happened in the thread. webr3 tried to get his btc "stolen" but it didn't work the first time around, so he told tradefort to send it on ripple /again/ after letting the whole community know where to steal it.

"FREE BAG OF MONEY UNDER THE PARK BENCH ALL NIGHT. BUT IF YOU STEAL IT, THE PERSON I TOLD TO PUT IT THERE (INSTEAD OF GIVING TO ME THROUGH BLOCKCHAIN) IS A SCAMMER."



All the haters probably

1. Supporters of Ripple
2. Enraged that it isnt real BTC
3. Doesnt understand that Ripple IS a lie, with its many flaws im surprised there are still people using it.

agreed

I was not talking about webr3, but the whole thing. Another user (who still didn't claim it) has lost 1 BTC, and it could have been ended much worse.

Why you're screaming? Did you follow this affair from the beginning?

I see here a lot of people wich basically are saying that letting people to lose theyr money to demonstrate (without any logic in this demonstration) that Ripple is flawed it's right. That's simply absurd.


Is that right in your opinion?

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May 21, 2013, 01:50:56 PM
 #199

I was one of the few people who got into that thread when there were still lesser then 5 views, you know what I did after reading till just before the picture? I closed my window of the thread thinking of the noobs who dont get hints

TF who publicly advertises Ripple is a scam opens a thread to give ripple btcs <<< what is the first thing that comes to your mind? If you are retarded enough not to get the hint that something is bound to happen and simply post your ripple address thinking of "FREEEEEEEE MONEYYYYYYYYYYY" and "FREEEEE MONEYYYY , ILL JUST REPORT OP AS A SCAMMER IF I DONT GET FREEEEE MONEEYYYYYYYY". Thats probably most of the people thoughts when they posted thier addressess. I would really like to help the guy who lost his real btc if he really lost it, I just cannot belief it and the evidence that is provided.

All this points to Ripple being a scam instead of TF, the developers of OpenCoin couldnt possibly never though of such an easy loophole when they designed the system. Knowing a potential loophole of your system but still advertising it and not fixing it but rather treating it as a plus for your system is essentially the same as a scam to me.

Alright, Im outta here before I get labelled as a scammer for nothing as well /sarcasm

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May 21, 2013, 01:51:48 PM
 #200

I was one of the few people who got into that thread when there were still lesser then 5 views, you know what I did after reading till just before the picture? I closed my window of the thread thinking of the noobs who dont get hints

TF who publicly advertises Ripple is a scam opens a thread to give ripple btcs <<< what is the first thing that comes to your mind? If you are retarded enough not to get the hint that something is bound to happen and simply post your ripple address thinking of "FREEEEEEEE MONEYYYYYYYYYYY" and "FREEEEE MONEYYYY , ILL JUST REPORT OP AS A SCAMMER IF I DONT GET FREEEEE MONEEYYYYYYYY". Thats probably most of the people thoughts when they posted thier addressess. I would really like to help the guy who lost his real btc if he really lost it, I just cannot belief it and the evidence that is provided.

All this points to Ripple being a scam instead of TF, the developers of OpenCoin couldnt possibly never though of such an easy loophole when they designed the system. Knowing a potential loophole of your system but still advertising it and not fixing it but rather treating it as a plus for your system is essentially the same as a scam to me.

Alright, Im outta here before I get labelled as a scammer for nothing as well /sarcasm
SCAMMER

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