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Author Topic: [ANN][WEBD][CPU][POW&POS] 🌍 WebDollar - Currency of the Internet | in browser  (Read 42855 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (5 posts by 3 users deleted.)
deer_hunter89
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July 13, 2018, 02:34:00 PM
 #801

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

This is bullshit.

The most important thing is that funds were stolen from devs wallet and they issued a hardfork to get their money back.
No details are given about the thought process behind this (which signals that is a lie, a facade). Instead, the devs are giving a lot of details about DDOS attack to distract attention from the main fuckup.
This behavior is common among pathological liars and alexandru.b is a crook.

The blockchain is not secure, money was stolen from a wallet and they don't even know if it is a bug or it was malware.
Maybe they are stupid and downloaded malware (why bail themselves out?) or maybe there is a bug that can be exploited in the future and they don't know about it.
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July 13, 2018, 08:53:55 PM
 #802

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
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July 14, 2018, 01:12:57 AM
 #803

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.

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deer_hunter89
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July 14, 2018, 08:07:43 PM
 #804

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).
LucyInTheSkyWithDiamonds
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July 15, 2018, 06:51:42 PM
 #805

Where is the exchange?
deer_hunter89
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July 15, 2018, 08:21:03 PM
 #806

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.
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July 15, 2018, 08:32:24 PM
 #807

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.
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July 15, 2018, 09:35:09 PM
 #808

So WBD was born dead???
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July 16, 2018, 05:47:54 AM
 #809

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.
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July 17, 2018, 03:34:30 AM
 #810

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
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July 17, 2018, 03:59:13 AM
Last edit: July 17, 2018, 05:39:05 PM by AlexandruPanait
 #811

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.

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July 17, 2018, 04:51:03 AM
Last edit: July 17, 2018, 05:38:41 PM by AlexandruPanait
 #812

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 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.



We decided is the time to share our tasks manager with our whole community.

1. Devs - https://trello.com/b/V7P9WLPj/dev-tasks
2. Evangelism - https://trello.com/b/fCaAGPrG/evangelism-tasks
3. Social Media - https://trello.com/b/pVNq3jUL/social-media
4. Community idea - https://trello.com/b/OUHit828/ideas

Who want to be added on the boards please send me a PM on telegram: @WebDollar_alexandruPanait
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July 17, 2018, 11:43:30 PM
 #813

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?

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July 18, 2018, 08:53:15 AM
 #814

I do not know, you already have wallets with more than 10.000.000,00 coins, without even having a pool that works well. Angry Roll Eyes Roll Eyes Roll Eyes Roll Eyes Grin
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July 18, 2018, 11:00:14 AM
 #815


It's all about trust, so use STUPID PUBLICITY. They are 100% trustworthy.

I do not know, you already have wallets with more than 10.000.000,00 coins, without even having a pool that works well. Angry Roll Eyes Roll Eyes Roll Eyes Roll Eyes Grin

The hacking story is just a publicity stunt to delay the mining pools. The webdollar cryptocurrency was designed for the devs own benefit (and their miner friends), they will delay pools as much as possible. Experimental pools are just a way for naive people to waste their resources (they intentionally have suboptimal implementation). Don't touch this cryptocurrency, it's not for the people.

Man you're totally from another planet. Go and cry on your ICO made project. All investors lost there millions dollars and now you're trying with any weapon to recover your invention. Smiley)))) You're a joke with your project. If WEBD is as bad as you consider why are you wasting your time and energy to steal community from us? Smiley

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?

Yes it is totally decentralized. The browser is saving only on your computer the wallets, but you can use those in terminal too. You have two ways to use your wallet. Via browser or terminal.
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July 19, 2018, 06:30:15 PM
 #816

I will ask again. Where is the exchange?
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July 19, 2018, 08:42:09 PM
 #817

Its sad that what seems to be an excelent idea runs or lets it run into all of this crap, i mined some at the begining but with no pools up until now and all this episodes its really a shame
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July 20, 2018, 09:28:59 AM
 #818

Where is the hurry? Pool mining is in developing stages, you can already mine in experimental pool on main net. The fact that so much bad interest in webdollar shows how strong this currency will be, all of these attacks make the coin more secure and more reliable. I don't think exchanges are really something that's needed right now, first thing is security and smooth working and easy to implement public / private pools. Don't forget the first halving of mining reward is in ~3.5 years from now, this coin will face many more challenges to come, if you are in a hurry this is not the coin for you.
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July 20, 2018, 05:06:58 PM
 #819

Where is the hurry? Pool mining is in developing stages, you can already mine in experimental pool on main net. The fact that so much bad interest in webdollar shows how strong this currency will be, all of these attacks make the coin more secure and more reliable. I don't think exchanges are really something that's needed right now, first thing is security and smooth working and easy to implement public / private pools. Don't forget the first halving of mining reward is in ~3.5 years from now, this coin will face many more challenges to come, if you are in a hurry this is not the coin for you.

Yeah, because miners will pay their electricity costs in WebD Roll Eyes

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July 20, 2018, 05:39:54 PM
 #820

I will ask again. Where is the exchange?

The devs got caught lying about the hacking story, I think they have bigger questions to answer before that.
Devs, what's the truth about the staged hacking?

No questions need to be answered if they have been caught as cheaters. You want to trust them again after they apologized? You need to be out of your mind to do that.

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