What about people losing their bitstamp BTC? That's the damage I was thinking of when I wrote that.
He claims he was not the one who ended up redeeming peoples bitstamp BTC, but that he just set in motion events that enabled people to effectively lose their bitstamp BTC. By lose, I mean have them replaced by TradeFortress BTC.
If people trust TradeFortress AND Bitstamp USD, they are saying that they will accept both equally (just like you'd accept a balance at Bank of America and Citibank for US dollars equally).
Douchebag TradeFortress understands that Ripple is a ledger system that keeps track of IOUs but wants to play stupid while he allows people to be scammed because of his actions.
Ripple is a distributed ledger system that allows you to keep track of IOUs. That's its function. It allows you to take control of who you do and don't trust when accepting IOUs. It allows this trust to "ripple" if you want it to (optional). That's a feature of the system. It's not like Bitcoin. TradeFortress is playing on most people's ignorance of this and making it seem like it's a flaw because it doesn't work the way Bitcoin does. He's a douchebag.
Unfortunately he obviously has friends on this board that will continue to allow him to scam Newbies either because they are ignorant of what he is doing or they just don't care.