There are numerous differences with XRP/BTC, most importantly the fact that you still need trust to send XRP transactions
Whoa whoa whoa, stop there. Sending XRP from any ripple address to any other ripple address requires no trust. Unless you're going to claim it's the users trusting Ripple itself but that's no different from trusting bitcoin itself.
Seems that he rly doesn't understand ...
Other fake arguments, instead, are only purely rhetorical and didn't surprise me, they only demonstrate a sort of obsession against ripple which we shouldn't be interested in.
Although is very interesting to elaborate about Ripple and the false flaws he claims to find, i think that is more important here
to understand the fraudulent nature of his original thread and how he exploited his reputation as a member of this forum putting in danger a lot of users.I think that an analysis purified from the instrument (i.e. Ripple) could help to better understand the dynamics which are, precisely, independent from that instrument.
That's why i posted my question to him but, who knows why, he doesn't want to answer:
Just confirm if i'm right:
1) Did you warn people who trusted you that you weren't able to repay that "I owe you" with real bitcoins?
NO
2) You encouraged people to withdraw those IOUs in a gateway?
YES
3) Did you know that such a withdraw could have (and probably did) resulted in financial loss (even huge one) to another user who naively trusted you?
YES
[if not, you hadn't understand ripple and you weren't able to criticize it]
4) That Bitcoin you withdrawed to Bitstamp, was previously owned by you?
NO, as you said
Sounds like an admission. Just to clarify: point (3) states that you've
allowed the guys who understand the mechanism to steal money to the gullible.
I'd like to hear from you the answer of the last 2 questions:
5) Why did you choose to post that thread in the newbye section?
6) Why the thread was self-moderated?
MAy i add:
7) Do you are conscious that it could have ended with people losing much much more bitcoins?
8 ) Given that only 1.01 bitcoins were stolen, you consider what you call an "experiment", and i define a scam, succesfully?
