Post
Topic
Board Service Discussion
Re: PSA: 'Bitcoins' in Ripple are not Bitcoins. They are not real, can be seized.
by
TTBit
on 15/05/2013, 12:54:14 UTC

It doesn't have to be malicious by the gateway.

What if the gateway loses all the bitcoins through a natural disaster and a poor back up strategy?



Only trust gateways that are worth trusting. When sending USD, BTC, Credit Card numbers, Social security numbers, etc to a gateway such as MtGox, BTC-E, BitcoinStore.com, Amazon.com, Citibank, you must trust them to be good stewards of your BTC / USD / Credit Card / Data / Products.

Why do you see gateways in ripple differently from a local bank, retaurant, amazon, etc?