Post
Topic
Board Scam Accusations
Re: Theymos: What the fuck is up with BFL and TradeFortress?
by
MPOE-PR
on 21/05/2013, 18:16:36 UTC
Did you come here from the trollbox on BTCe? Grow Up.

You know that's exactly the dumbass sort of question that proves my point for me. Shut up and go on a reading binge until you know who I am.

Oh this thread is great in showing that side of ripple which most people don't understand and are not even aware of. The way the system works basically looks like a three-click scam creator for script kiddies.

I am waiting for the first ripple gateway-gate. There will be someone who'll create a gateway and bunch of fake ripple users trading on this gateway like crazy, providing lower spreads and much greater liquidity than Bitstamp's gateway users. Plus some marketing efforts to gain the traction. Most of actively trading ripple users will trust that gateway to be able to trade on it with its users, then one day they'll suck all available BTC.Bitstamp and USD.Bistamp and *.OtherLegitimateGateways replacing them with “equally trusted” BTC.Theirs and USD.Theirs, then withdraw to Bitstamp/other gateways real systems, exchange any USD into BTC and send the real BTC away, then close the shop and laugh.

Sounds like this is exactly the proof of concept TF was displaying.