Post
Topic
Board Beginners & Help
Re: 1+ free Ripple BTC giveaway - just post address! (Over 455 BTC gaveaway)
by
webr3
on 20/05/2013, 12:35:18 UTC
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