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Topic: [ANN][WEBD][CPU][POW&POS] 🌍 WebDollar - Currency of the Internet | in browser - page 26. (Read 43781 times)

full member
Activity: 350
Merit: 104
I wish this project will be useful. A rather interesting website, arguable job, flawless website!

Thank you!!

No installations and no downloads but somewhere the coins need to be stored. Only in web wallets then?

The website is creating for you automatically an wallet. But you can create others by yourself. The wallets are stored using indexeDB in your browser and you have the option to download them for cold storage.

So this is a testnet, right? The coins don't actually count?


Nope, is the main net.

I have never done that before to be honest. It it still a decentralized solution or does anything in the browser store information that can steal the coins?
newbie
Activity: 232
Merit: 0
So WBD was born dead???

For sure NOT. WebDollar had a series of attacks organized by a big network of hackers and those did the followings:

1. Hack our local network where they found a wallet from genesis.
2. When we announced we can get back all funds which were theft from genesis the attacker started to make crazy transactions for lost the money track and make our recovery work harder.
3. After we developed and pushed the recursive transaction software for recover the funds the attackers used a boot net to rise the difficulty from 30 MH/s to 900MH/s which did cost few tens of thousands dollars for keeping the attack 5 minutes.
4. Before pushing the code, attackers did stop our internet connection.
5 After we connected to the network the attackers used ddos on our devices.
6. After 1 day the attacker started to mine blocks in the future and we fixed this issue.
7. Then he started to create his own forks with consecutive mined blocks and then propagate them into the network.
8. We had today a series of ddos attack and all our fallbacks nodes went down.

In case of other coins the devs weren't able to get funds back but in our case we succeed without seeing any Webdollar Classic around.  

With few days before all this started a group of users from the project which was promoted here by deer_hunter89 joined our telegram and started to spam with porn stickers...

We identified one of the attackers and his IP is (139.59.210.78) from Gernany. The strange think is that the most founders of the project which was promoted in our thread by deer_hunter89 are also from Germani... Their project considering us being their competitor but we don't consider them back as a competition for us because our only competitors are BTC and ETH, only the BIG coins.

It is very funny how some people is trying to FUD our project.


Community is not only in Telegram. A lot of users doesn't use it. But if a vote was there, why nobody from users or WD team told it here on forum that others could come in telegram and vote too?

This is true. We're sorry we had to decide to make this fork without asking the whole community, because the time was our enemy. For avoid to let the hackers to sell robbed coins we had to move very fast because we considered every one from the project will agree with the fork because the purpose of the funds which were theft is to promote the project and to support developers for their involvement. And if the funds were in the wrong hands(like those which see us as a competition) the project could be compromised.

After what did happen in the last week we decided with the community the following:

- To return money to all those which bought webds from the attackers but based only on strong proofs. Because we don't want our community members to have loses.
- To change the road map because few thinks delayed and add a new feature with a voting system for the community members and a live road map with the status of all work in progress tasks.

newbie
Activity: 2
Merit: 0
So, what's the ETA for pools?

They were announced as very very imminent several times, but it seems more time is needed. I'd recommend the team not to make ETA promises that they cannot keep. It gives a negatve feeling to the public. I know what the team is doing is great, however do not make promises you are not 100% sure you can keep, this can only spoil your project.

Yeah, this is a good advise. Thank you! We will come up with surprises at this deploy and immediately afterwards to offset the waiting.

I know what was happening: there was no theft, the devs tried to bribe the miners and not publish pools because big miners are mining big time. That's why the funds from the genesys wallet got to the miners wallets.

Lol... This is my first post here, but its not because I`m new.. its because usually I don`t like to give opinion to haters on internet, its like a waste of time. But for you I make an exception since I`m on WC..thinking how you can eat what i`m doing now...

Anyway, in your opinion, any alternative is a good one, but only if the coin goes down.. huh? I can understand why you are whining. Its because Big miners, are mining Big time WebDollar. You said that, but we already knew it Wink

PS: https://webd.skypool.org/ even Nimiq admins/fans are mining WebDollars *drop the mike*  Smiley
newbie
Activity: 42
Merit: 0
So WBD was born dead???

Just join telegram groups. The devs are crazy active, they are trying hard to deliver. Don't trust random guys on the internet with accounts created few days ago specifically to fud webdollar.
newbie
Activity: 17
Merit: 0
newbie
Activity: 19
Merit: 0
So, what's the ETA for pools?

They were announced as very very imminent several times, but it seems more time is needed. I'd recommend the team not to make ETA promises that they cannot keep. It gives a negatve feeling to the public. I know what the team is doing is great, however do not make promises you are not 100% sure you can keep, this can only spoil your project.

Yeah, this is a good advise. Thank you! We will come up with surprises at this deploy and immediately afterwards to offset the waiting.

I know what was happening: there was no theft, the devs tried to bribe the miners and not publish pools because big miners are mining big time. That's why the funds from the genesys wallet got to the miners wallets.
newbie
Activity: 19
Merit: 0
Where is the exchange?

Without cold storage functionality there is no way to build a secure exchange. No exchange wants to list webdollar because they are exposed to risk of losing funds.
newbie
Activity: 17
Merit: 0
newbie
Activity: 19
Merit: 0
Webdollar currency is not trustworthy. Developers are incompetent and liars, how can somebody trust them with anything?
The big problem with webdollar is security, hackers laugh at webdollar, someone with a 5$ botnet can ddos the shit out of the network (huge scalability problems).
Webdollar does not have cold storage: ability to sign transactions offline such that the private key never touches an internet connected machine. Private key export is not enough.

Nimiq is secure against hackers of all types and never had scalability problems, the best web browser cryptocurrency.
They have a real bug bounty where vulnerabilities are disclosed by white hat hackers. Webdollar is shit, it's just a matter of time until they will lose everything (trust me on this, I have good sources).
sr. member
Activity: 1015
Merit: 289
And what if some of the FUDDERS are in fact the hackers, who obviously must be pissed off for having failed their theft? The first FUD message on this issue came from a BRAND NEW account, which means someone has made a new account JUST for starting tis FUD activity, obviously not willing to do it with his real account. This is in itself quite suspicious. When I want to criticize a project I don't need to create a brand new account to hide behind.
newbie
Activity: 11
Merit: 0
A lot of FUD in this thread, we should ask for a moderator help.

deer_hunter89, tu esti Robert Claudiu? lol
eu habar n-am sa folosesc forumul, daramite sa scriu in engleza atat de bine
newbie
Activity: 62
Merit: 0
A few days ago we encountered 2 types of attacks.

1. One out of 40 Genesis wallets was stolen - via a malware we believe now.
2. Botnet attack for increasing to ~ 1 GB/s the Global Difficulty blocking network for 2 hours. This had been done by somebody with a powerful Computation Power. After 60 hours of straight coding, we were able to finally solve all the attacks damages. We did an update on experimental pools and now in the main network too. The update contains two updates 1. Hard fork to "cancel" the effect of ALL transactions sent by the attacker using the Stolen Wallet. 2. Network optimizations for preventing other 50%+1 to change the Network Global Hashrate (difficulty). Right before doing the update, someone which was in our intranet did cut our internet connection and then after we connected directly to the internet our computers was attacked with DDoS.

The blockchain was secured and resisted all the above attacks. Everything works perfectly fine now and the script that "cancel" the effect of the transactions was in place during this fork. I want to add the fact that the transactions are still on the Blockchain because even we can not alter the Blockchain, but the new set of rules "cancel" the effect of those transactions and recover the entire sum.




He used over 300 addresses in order to wash the money
So the attack was very professional, exactly like on Ethereum with the DAO
But in our case, the attacker definitely underestimated our devs so we were able to create an automatic script which tracked all the transactions down in and out automatically directly on the blockchain when the hard fork happened.

By this way we were able to recover all the funds

In order to wash the money, exactly like the Theft happened at Ethereum Classic (before it was called ETH) he used also the addresses of real miners who got over the night a lot of webd. The WebDollar team was able to recover the entire sum from the attacker


https://i.imgur.com/ckkRLu0.jpg
newbie
Activity: 30
Merit: 0
There were a few problems, but the developers managed to solve successfully.
This cryptocurrency becomes very strong.
Trust this project!
jr. member
Activity: 30
Merit: 10
A lot of FUD in this thread, we should ask for a moderator help.

deer_hunter89, tu esti Robert Claudiu? lol
newbie
Activity: 42
Merit: 0
This is all smoke and mirrors. They are lying about the theft and they want this to be an excuse for not developing the pools. It's a well orchestrated scheme.

They have no proof that they were hacked. This is just a bunch of incompetent kids.

Yeah.. just a few incompetent kids  Grin

https://www.sciencenews.org/blog/scene/teens-take-home-science-gold-intel-isef

https://www1.agerpres.ro/english/2013/05/21/mit-to-name-asteroid-after-romanian-student-ionut-budisteanu-17-46-13
sr. member
Activity: 1622
Merit: 270
Undeads.com - P2E Runner Game

Your example with ETH and ETC is not correct. Because there was a planned hardfork in ETH blockchain. But community decided that they don't want that hardfork and so ETC was born as another coin based on old ETH blockchain. No were stolen wallets in those situation. And also, pay your attention, that community decided, not devs.

And my examples are correct.
...


Source wiki : https://en.wikipedia.org/wiki/Ethereum_Classic

"In May 2016, a venture capital fund called The DAO built on Ethereum raised around $168 million, with the intention of investing in projects using smart contracts.[8] In the same month a paper was released detailing security vulnerabilities with The DAO that could allow ether to be stolen.[9] In June, 3.6 million Ether (approximately $50 million USD) was taken from accounts in The DAO and moved to another account without the owners' consent, exploiting one of the vulnerabilities that had been raised in May. Members of The DAO and the Ethereum community debated what actions, if any, should occur to resolve the situation. A vote occurred and in July 2016 it was decided to implement a hard fork in the Ethereum code and to move the Ether taken in the exploit to a new smart contract through which it would be restored to the owners from whom it had been taken.[10]

Ethereum Classic came into existence when some members of the Ethereum community rejected the hard fork on the grounds of "immutability", the principle that the blockchain cannot be changed, and decided to keep using the unforked version of Ethereum.[11]"

So ?
Do you see "community debated", "community rejected the hard fork", "a vote" or you see "hardfork was done in silence and only then devs told to community about it" ?

You're funny
Nothing funny.
You're missing the point. It's an open source project, anybody can add code. It's up to the network(miners) to accept it or not.
Even now, the miners could have just continue to use the old code and different fork, but they chose to update. This is quite decentralized no matter how you twist it.

There is a choice when asked a question and there are options for choosing.
I don't remember a question from you about what we should do. You told us about hack and hardfork only after you made it.
Just read NXT forum, XEM forum, ETH ETC forum.
There were big discussions.

I don't remember after NXT was stolen that NXT devs said: "Hey! Our wallets were stolen yesterday! We made a hardfork. If you want to use NXT - ok. If not - moved to old blockchain." Or something like that.

Then you should check telegram groups. The fork was debated, too much even. Nobody chose to keep the old code. It's not rocket science.
Community is not only in Telegram. A lot of users doesn't use it. But if a vote was there, why nobody from users or WD team told it here on forum that others could come in telegram and vote too?
newbie
Activity: 19
Merit: 0
Nothing funny.
You're missing the point. It's an open source project, anybody can add code. It's up to the network(miners) to accept it or not.
Even now, the miners could have just continue to use the old code and different fork, but they chose to update. This is quite decentralized no matter how you twist it.

Quote
There is a choice when asked a question and there are options for choosing.
I don't remember a question from you about what we should do. You told us about hack and hardfork only after you made it.
Just read NXT forum, XEM forum, ETH ETC forum.
There were big discussions.


There was no discussion because the theft is a lie (a facade).
They were panicking and the decision to invent an excuse was taken on the spot => hence no discussion, just announcement.
newbie
Activity: 42
Merit: 0

Your example with ETH and ETC is not correct. Because there was a planned hardfork in ETH blockchain. But community decided that they don't want that hardfork and so ETC was born as another coin based on old ETH blockchain. No were stolen wallets in those situation. And also, pay your attention, that community decided, not devs.

And my examples are correct.
...


Source wiki : https://en.wikipedia.org/wiki/Ethereum_Classic

"In May 2016, a venture capital fund called The DAO built on Ethereum raised around $168 million, with the intention of investing in projects using smart contracts.[8] In the same month a paper was released detailing security vulnerabilities with The DAO that could allow ether to be stolen.[9] In June, 3.6 million Ether (approximately $50 million USD) was taken from accounts in The DAO and moved to another account without the owners' consent, exploiting one of the vulnerabilities that had been raised in May. Members of The DAO and the Ethereum community debated what actions, if any, should occur to resolve the situation. A vote occurred and in July 2016 it was decided to implement a hard fork in the Ethereum code and to move the Ether taken in the exploit to a new smart contract through which it would be restored to the owners from whom it had been taken.[10]

Ethereum Classic came into existence when some members of the Ethereum community rejected the hard fork on the grounds of "immutability", the principle that the blockchain cannot be changed, and decided to keep using the unforked version of Ethereum.[11]"

So ?
Do you see "community debated", "community rejected the hard fork", "a vote" or you see "hardfork was done in silence and only then devs told to community about it" ?

You're funny
Nothing funny.
You're missing the point. It's an open source project, anybody can add code. It's up to the network(miners) to accept it or not.
Even now, the miners could have just continue to use the old code and different fork, but they chose to update. This is quite decentralized no matter how you twist it.

There is a choice when asked a question and there are options for choosing.
I don't remember a question from you about what we should do. You told us about hack and hardfork only after you made it.
Just read NXT forum, XEM forum, ETH ETC forum.
There were big discussions.

I don't remember after NXT was stolen that NXT devs said: "Hey! Our wallets were stolen yesterday! We made a hardfork. If you want to use NXT - ok. If not - moved to old blockchain." Or something like that.

Then you should check telegram groups. The fork was debated, too much even. Nobody chose to keep the old code. It's not rocket science.
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