Quote from: Littleshop on May 21, 2013, 12:00:34 AM

Quote from: ElectricMucus on May 20, 2013, 11:31:47 PM

Quote from: Littleshop on May 20, 2013, 11:25:41 PM

Quote from: ElectricMucus on May 20, 2013, 11:09:54 PM

Quote from: Atruk on May 20, 2013, 11:03:48 PM

Whether TradeFortress is honest or not his shennanigans reveal Ripple is a tremendous security vulnerability for anyone who uses it, unless you use an utterly paranoid set of precautions that have yet to be worked out.

Bullshit, it's only when the participants do not understand the concept of trust. By that logic pirateat40 revealed a tremendous security vulnerability too.

Yes, but pirate didnt say, I am taking your money and not giving it back.

Tradefortress said that here is an IOU I WILL NOT HONOR.

In a sense IOU is a contract too.

Yes, it is. And if someone handed you a contract that they said they were not going to honor, would you accept it then try to push to get it fulfilled?

You keep saying this. Where?? https://bitcointalk.org/index.php?topic=206948.0

He did not say that he would not honor it. He took direct steps to ensure they were honoured.

He took out an overdraft with me, and gave 10.15 btc away to other users, 9.15 to a single user, after he new it was an IOU which was automatically honourable.