I just sent you a ripple IOU for 50 BTC. Do I owe you bitcoin? Well, technically yes, but what are the terms? I've already said that I'm not going to honor any Ripple IOUs unless I explicitly state so with terms.
No, I do not have a redemption policy for my IOUs. I promised people one Ripple IOU for a bitcoin, not an actual bitcoin. Debt without terms is absolutely worthless (except for historical value and trying to use the liquidity providers trick).
Okay, you owe me 10.15 BTC which you have explicitly given away to users of bitcointalk, asking them to opt in to receive it by taking specific actions:
https://bitcointalksearch.org/topic/1-free-ripple-btc-giveaway-ended-see-op-over-455-btc-gaveaway-206948You purposefully and willing told each user that you were sending them 1 BTC each, an IOU for 1 BTC, and they fully expected to receive that 1 BTC from you, which is why they opted in the first place.
They were not to know whether you had BTC in your account, whether were "good for" the money or not, and as you well knew, the second somebody with BTC from a trusted source opted in, you would incur debt with that person.
YOU sent 1 BTC to multiple people which you had no intention of making good on yourself, YOU asked for the trust from other people. You are entirely 1000% responsible for your own actions.
You promised these people 1 BTC each, 10 have received this so far, and somebody else with 0.15 BTC. In the process you have incurred that debt with me - thankfully not some person who didn't know what they were getting in to.
You owe me 10.15 BTC. And you owe 445+ other people 1 BTC each. You willingly and publicly opted in to this, you set it all up, now you pay the price.
Or are you trying to say that you did not understand this would happen?
Theymos, Mods, John K, I request the scammer tag. TradeFortress owes me 10.15 BTC, and has also promised 445 other users 1 BTC each. As an act of good will, I will not call in the other 50 BTC he has promised to pay me, by issuing me an IOU for said sum.