@webdollar-scam I see that you have an ongoing problem with us. Most of the problem is caused by the fact that you requested us to join our open source project and because of your 0 tech knowledge (you didn't push any commit on GitHub ever) or made a pull request, we have declined your membership in the WebDollar GitHub community. Moreover, for this,
you @webdollar-scam user have tried many times to blackmail us asking us to give you WebDollars for free. Your behavior strongly makes us believe you try to blackmail us in return for receiving membership or to pursue us to make us alternate the Genesis Blockchain to give you free coins from the system. We will never do this for any blackmailer. This is impossible, we won't discuss and ever negociate with the people who blackmail us. The funny part is that there no reason ( nothing ) to blackmail us.
Regarding your remarks. Our project is on open source on GitHub since October (since the day one when we started the project). You have never made an issue report, you have never detected any issue in our project, but you still try to blackmail us everywhere to receive free WebDollar coins.
Why WebDollar is a shitcoin.
1. Pump-and-dump scheme
The sole purpose of the webdollar cryptocurrency is to create a pump and dump scheme at the expense of the so-called 'investors'.
How? Selling premined coins through their website (advertised as an exchange platform).
The currency is advertised as an investment and they are creating hype ("we expect the prices to spike very fast seconds after the release" [1]).
On the day of the dump (called 'Initial Release Event') the premined coins will be sold by the webdollar founders.
Be aware: they advertise webdollar as an investment, but they are not registered with SEC.
Selling webdollar through their website will be illegal.
We won't sell any WebDollars on our website. WebDollar.io is just a gateway to mine WebDollar trustless like Bitcoin. WebDollar.io is just one of the many gateways. There is already another gateway called webd.com which is not administrated by us and can conenct to the main network. Moreover, Satoshi was the first miner of Bitcoin. Satoshi Nakamoto (Hal Finney) premined Bitcoin too because he was the only miner and he mined thousands of blocks himself, mining thousands of Bitcoin. According to your judgment Bitcoin is still a pump and dump right? Moreover, half of 9.9%, namely over 50% will be given away to members and community throught bounties and rewards for promoting WebDollar, reporting bug issues or just working hard for the WebDollar community. How could it be P&P with less than 4%, although there will be 40 billion WebDollars owned and mined by miners all of the world.
We are an open soruce project just like Bitcoin. We didn't accept funds, we didn't accept even donations, we didn't accept hundrends of offers of presales to don't get influenced by greedy investors.
Is Bitcoin registered as a company? No, Bitcoin is not registered as a company or an any kind of legal entity. Bitcoin is a protocol and an open source community. Is Ethereum registered as a company? No. It is not. We also take in consideration to create a foundation in Switzerland exactly like the Ethereum Foundation.
2. Developers have no experience in the cryptocurrency community
The webdollar project started 6 months ago. Before that, the founders had no experience in the cryptocurrency community.
Now they are already advertising that they are 'specialized in blockchain applications'.
Examples [2]:
a) they don't know about constant time cryptography
"Cum naiba poti sa scrii altfel ca sa verifici 2 hashuri daca sunt diferite?
for (let i=0; i<initialHash.length; i++)
if (initialHash !== myHash) return false;
Sa mor eu daca poti scrie altfel codul aceasta si sa fie mai eficient.
Este aproape atomic, tinand cond ca initialHash si myHash au acelasi lungimi si sunt reprezentate pe 32 bytes."
We know about Timing attacks and because of this we use the Node.js official supported buffer1.equals(buffer2) function. By this way Node.js developers will give us the best solutions against any kind of Timing Attacks that could be found. Timing attacks for node.js don't really exist, and could be an problem only in the Node.js application or the Browsers in case they will have this kind of issue in their Event Loop . I don't see any way how WebDollar could be exploited using this Timing Attack. Isntead of just saying, why you don't attack the main net and he will reward with you bounties.
b) they don't know about PQC
"Deobicei fuunctile criptografie lucreaza pe 2^256 si sunt vulnerabile la calculatoare quantice." it is trivial to switch to a 512bit hash function to negate quantum attacks.
Also 512 bt hash functions are not quantum safe. For 8 years so far, Bitcoin uses SHA256 and RIPEMND (on 160 bits for public addresses) which were demonstrated by experience as being a very good solution against all existing adiabatic quantum computers. Bitcoin uses also the secp256k1's elliptic curve y^2 = x^3 + 7, that was never demonstrated mathematically and works as a charm. To avoid this, WebDollar useses Schnorr Digital Signatures which adds another layer of security for the encrypted wallets because Schnorr signatures were mathematically proven.
Regarding the quantum signatures. In order to "qualify" for a quantum proof signature (although future quantum computers would beat any kind of signatures), most qualified signatures as quantum proof have lengths between 564 bytes up to 1 MB per signature. For instance, Goppa-based McEliece algorithm has a public key of 1 MB and it is still not a perfect quantum reistant algorithm because anytime a quantum computer would break that system. However, Bitcoin uses 256 byte encryption. Using your assumption, even Satoshi Nakamoto is wrong.
3. Webdollar is centralized
Premined currencies are centralized. A small number of entities are given a percentage of the entire supply WITHOUT working for them.
This is a theft from all the future miners and users.
The premined coins can (and will) be used to manipulate the market (see pump-and-dump scheme).
Satoshi Nakamoto was the first miner in the Bitcoin main net. Moreover, Satoshi made also the first real transaction on the system to Hal Finney. That means, Satoshi Nakamoto and Hal Finney premined the Bitcoin main network. So, according to your logic, Bitcoin is also centralized because they pre-mined thousands of blocks worth tens of thousands of Bitcoin. Moreover, there are other coins like Ripple that are super centralized. The owner of Ripple owns over 40-45% of the coins, and Ripple is not even a Blockchain itself.
WebDollar also aims to decentralized Bitcoin biggest problem the mining pools. WebDollar's vision is to create decentralized mining pools allowing any user to create his own mining pool with just a click.
Javascript and Node.js are very secured Programming Languages. Javascript had been in production used for over than 2 decades, while Node.js is used in production for almost a decade. There were also other cryptocurrencies made in Javascript, for instance, Lisk that accept even smart contracts in a sandbox Javascript machine.
Most big companies including PayPal, Uber, AirBnB, Google, Youtube, Twitter all use Node.js and Javascript and they are quite secured. Aren't them?
So, in conclusion, @webdollar-scam user you just want to black mail us for no good reason.
