Post
Topic
Board Scam Accusations
Re: TradeFortress is a scammer.
by
bitaccumulation
on 18/05/2013, 00:26:19 UTC
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.