@GazetaBitcoin I am actually surprised that you have literally no clue how a cryptocurrency works.
This message is written to one of our haters
WebDollar at the launch year and during the first 1st year it was 100% proof of work minable exactly like Bitcoin. We built in Javascript as codebase, and have decided to use Argon2d as proof of work instead of SHA256 hash function. This enabled us to be easier to be mined on computers and... servers (a server can have up to 64 core processors).
During the 1st year, when webdollar was proof of work, we were surprised that absolutely every single person who was mining WebDollar has just selling it. Nobody was interested to hold it over long periods of time. So, it made sense for us to switch to a hybrid proof of work and proof of stake. During the 1st year, in webdollar alone there had been an inbound of 2 million dollars of investments going into webdollar coin and 2 million dollars went out directly to the miners pocket. Simply the developers, became the slaves of the miners who made all the profit and kept the price going lower and lower as most miners were either mining for free using 1. Google VPS accounts 2. Amazon cloud, 3. Other free cloud computing . 4. Hacked databases It did not made any sense.
Also, in Bitcoin, Monero, WebDollar, etc. developers don't make any money and it doesn't make any sense to contribute to the code in the long run as long as the code is online and working. The WebDollar network was online and not many changes required. Look at github
Is Ethereum DEAD as not much stuff going from the launch?
https://i.imgur.com/n06gaPt.pngWebDollar is not my income and I never made any buck from WebDollar and I probably never sell in the next 5 years. I have my own company, i have my funds.
it is clear from your messages that you don't understand how bitcoin and a decentralized blockchain works. WebDollar was a proof of work and all the money went directly to the miners and the traders. Personally, i have never sold any coin and my profit after 3 years is ZERO. WebDollar was created just like Satoshi Nakamoto as an open source community driven project. It is not my company, it is not my product. I have have my own coins because i never sold them. Initially I had 1 bln coins but because I staked I got 4 billions after 3 years. I am just interested to keep it going and see how it works and to maintain the code base.
The reason we switched to proof of stake is to reward more people to stake (keep their coins) instead of simply just mining. Most people nowadays just mine, dump and move on. We never wanted that thing. But most of the damage was already done due to proof of work and literally dump all the coins from these miners. We used the same reward scarcity model like in bitcoin. Right now, WebDollar almost (not even) 3 years old. WebDollar right now is early 2011 of Bitcoin when bitcoin was literally less than $1. The main reason why bitcoin was less than 1 buck and WebDollar price is so low, is because of the miners who mined a large quantity of coins and dumping these coins. Only a handful of people were interested into holding these coins.
about 2 years, WebDollar was still 33% PoW and only 66% Proof of Stake. We switched to 90% proof of stake in july last year.
These days, there was a consensus in our community to change the reward curve from Bitcoin model into our own model. Namely next month, we will have our first "halving" which will be a 1/4 drop in the reward and 1/2 halving every 2 years. This will drastically reduce the newly minted coins to the miners.
Regarding
https://webd.timi.ro . It is an Exchange created by a community member. It is not WebDollar but an exchange a business. Most crypto exchanges have affiliate marketing. To best of my knowledge most of them have including Kraken, BitMEX, OKEx, Poloniex, etoro, etc. The 10% is given by the exchange owner due to the fact the prices are increased and created this affiliate program.
https://www.digitalfodder.com/bitcoin-cryptocurrency-affiliate-programs/ We tried to be as decentralized as possible.
Decentralized network. We own only one node in the network for backup. There are 60+ nodes community driven nodes. Checked
Open source project on github. We had over 20+ contribuitors and every single pull request was merged. Checked
DAO - decentralized autonomous organization. The Organization was on telegram and compltely made by volunteers and they created their own teams, etc. Checked.
I am totally frank with you. The only difference between us and Bitcoin is that we premined 9.9% of coins - 6% for the developers and 4% for the marketing. But you know what? Satoshi Nakamoto pre-mined Bitcoin as well as he mined solo about 1.5 million bitcoin.
https://danhedl.medium.com/bitcoins-distribution-was-fair-e2ef7bbbc892 Due to our switch to proof of stake our stake got higher and we used the staking to reduce the inflation. But again, proof of stake was not intended, but we simply found that the mining is an entire industry only for money grabbers. Miners are expecting the developers to work for free so that they can sell the newly created the coins. Traders at least they invest something into the ecosystem, but a miner nothing.
It is clear that you have something with us and you hate us. Looking only price wise. It is ok. "First they ignore you, then they laugh at you, then they fight you, then you win."
