Also, how comfortable would you be if I extended that trust up to say 30,000 BTC and put in 250 bitstamp backed BTC a day in to that account? Would there be a cut off point were you wouldn't want to incur any more debt, a point where courts may get involved?
I would think you are more intelligent than that, however I guess my assumption was incorrect.
I'm not sure if you understand it or not, but I don't choose if you lose your money or not. I have no control if someone decides to exchange your BTC.Bitstamp for
their BTC.TradeFortress.
So there are 2 different kinds of BTC now? Don't be stupid, there is one BTC, and different people who say they will make good on IOUs for BTC. Bitstamp is one, TradeFortress is another.
Bitstamp makes good on it's IOUs, TradeFortress, you, do not.
Ripple works, you are untrustworthy, you send people undated cheques for them to cash at any point and take out overdrafts with them, then when the people you've sent the cheques to cash them in against the overdrafts you've taken out, you claim no responsibility.
The worst bit is, you did this with eyes wide open, in fact the first person to honor your IOUs was you yourself, you took out 10.15 BTC from me, paid it back, took it out again, incurred another 51 btc debt that is as yet unfunded, and ultimately have 10.15 btc cashed out, and 51 btc waiting to be cashed out.
I put in 10.15 BTC to prevent some poor sucker from getting scammed out of their life savings by your foolish vindictive scheme.