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Topic
Board Beginners & Help
Re: 1+ free Ripple BTC giveaway - just post address! (Over 455 BTC gaveaway)
by
webr3
on 20/05/2013, 17:54:25 UTC
It is all REAL BTC.

No it's not, it's a BTC IOU.  If it were real BTC you'd be able to spend it right away.

It is a promise to pay 1 BTC, is it not, a promise that is automatically and digitally made liquid the second you are trusted by anybody with a BTC IOU from a trusted source.

TradeFortress walked in to this with eyes wide open, hoping for exactly this result. It has happened, he has taken out 10.15 BTC worth of debt from a trusted source with me, which he now owes me. It's not my fault he's given it away.

More to the point, many other people could have been deceived out of up to 100 BTC each (and still could be), and 445+ people have been (potentially) let down by TradeFortress's as yet unfulfilled promises.

If this isn't a deceitful, foolish, untrustworthy, dirty thing to do, what is?

You are the fool for granting trust for 100BTC to an anonymous guy on the interwebz.

If he defaults, what are you gonna do? Nothing.

What TradeFortress has done is a brilliant example of what Ripple is. There will be a lot of scams going on in Ripple, lot of people will get burnt.


What TradeFortress has done is abuse peoples trust, by using his reputation as trusted here to con people out of BTC. It doesn't matter what system is used, it has been abused.

This is nothing to do with ripple, and show's no flaw in it. It simply shows that you should be careful who you trust, always.

TradeFortress has asked for trust, and promised people money. He has incurred debt. He has a 100 BTC overdraft with many members of this forum, and he's cashed out over 10 BTC so far. This is money he owes.

TradeFortress is either trustworthy, or is not. So far, it seems he's one of the shadiest people I've ever met on the internet. He has facilitated nothing but his own demise.

TradeFortress, make good your promises, repay your debts, contact the people who issued trust to you and ask them to revoke it. What you have tried to do here is low and foolish.