For adding POS mining we have to make hard fork, there is no other way. But we won't revert any block. Benefits for the devs? We're working on this project from 1 year and we didn't sold any single coin.

What ?
Why did you called mining with Google Cloud an exploit ?) It's not a bug or vulnerability. The only reason is because they get Google Cloud for free ?)
Don't you think that it's not your business, who and how mine ? Don't count other people's money!
If they get chance to mine for free, they will do it.

So if we should follow your logic, if suddenly Microsoft Azure starts distributing free dedicated servers,as an advertising campaign, then you will ban Azure servers, because people will mine your WD "without having any cost".

Hi. Now we have been tested POS&POW from our hybrid mining and it works perfect. Now we're testing on our test network the transactions in order to improve the max tx/s accepted by WebDollar. After this we have only to add POS rounds mining also in pools and we will be ready for a release. Not to much to say because we're really focused on code in the last time in order to overcome the free mining exploit using google cloud.

use for a while the genesis to mine with POS (which will be ~30% from all coins mined every day) and all mined webds to be used in very big bounties campaigns using our automatic bounty system, which will lead to mass adoption.

We truly belive this is the best solution in order to reach mass adoption

WebDollar.io - Alexandru Budisteanu:
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.

WebDollar.io - Alexandru Budisteanu:
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.

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.

I have explained everything that the wallets were not encrypted with any password and stored on my personal computer and somebody exploited a vulnerability in my linux machines or the local network. There were no problem with the code and you can check the github repository. There were no issues with the code and nobody can steal money from an account with 51% attacks. They can only invalidate transactions usually to attack exchanges.  Somebody had got remote control of my computer and had stolen the wallet from my personal computer. Regarding Linux - have a lot of exploits. Checking this database https://www.exploit-db.com/platform/?p=linux different distribution of Linuxes had over 2777 exploits which were publicly published. The wallets were recovered entirely and it didn't affect the network in any way.

Team are still collecting data from attacks to open a criminal file for theft and unauthorized entry into a computer system, wich in Romanian law conduct to jail.

We're answering at all questions we're seeing. I don't know why new accounts like yours appears like from nowhere and start making FUD.

Also can you please confirm that the first Exchange almost ready because only 8 days left until the end of July ?
And have you already written a website, code, rented dedicated servers, hired support staff for the first Exchange ?

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

Where is the exchange?

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

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.

Strange how you made an account just to bash on this project, we get the idea, webdollar is nr.1 for you.

You are right here.
When 50 000 000 NXT was stolen nobody made a hardfork. But it was 3355.73 BTC or roughly USD $1,701,015.
https://cointelegraph.com/news/breaking-bter-hacked-50m-nxt-stolen
Also there was a community vote and discussion.

Or $534 million in NEM.
And there are a lot of other examples without hardfork.
You talk about decentralization and anonymization, but you take the sole decision about the hardfork. It does not work like this.

And what is very strange in this situation is that the 51 % attack and the wallet stolen occurred right before the release of the pool. So suddenly and unexpectedly.
As you can see in next 12-24 hours pool had to be started.
And boooom. Attack and stolen. I do not believe in such coincidences.
Also if you fixed all issues, where is the pool, referral programm ?)
Something is not right here happening.

In the text is never mentioned that the 50%+1 attack was used to steal the wallet.
Having also a 50%+1 happening while wallet has been stolen, they had to fix both things, obviously

This text has been captured in the Telegram chat where things have been probably explained in an unclear way. An official statement would probably been redacted better.
Even if the mechanics of what has happened is not totally clear from this text, my personal impression is that the competence and proactivity shown by the team to successfully repair the damages of the attacks are quite obvious, which is proved by the fact that everything's fine now.

Straight out of telegram chat :d

WebDollar.io - Alexandru Budisteanu:
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.