World Dollar giveaway

[world-dollar]

http://www.world-dollar.com/claim-now/

[bitbaby]

What exactly are these anyway? care to elaborate a little op? 

[Sir Bitcoin]

User beware.. They may be collecting emails and selling them. as far as i know nothing is known of this coin nor is it on any exchanges..

10000 useless premined coins that aren't on an exchange for your name and email... seems legit.

[P509SHO]

nothing on your website . just filling form and submit email. What is this~

[HI-TEC99]

nothing on your website . just filling form and submit email. What is this~

They registered their website anonymously. I wonder why?

Raw Registrar Data
Domain Name: WORLD-DOLLAR.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Name Server: NS21.DOMAINCONTROL.COM
Name Server: NS22.DOMAINCONTROL.COM
DNSSEC: unsigned

For complete domain details go to:
http://who.godaddy.com/whoischeck.aspx?domain=WORLD-DOLLAR.COM

Information Updated: Tue, 22 Jul 2014 19:03:55 UTC

[world-dollar]

You will be able to receive your World dollars on Ripple very soon, the first platform where World dollars can be traded on and payments made.

Please note that World dollars are issued by members of the very recently launched World Dollar Network, members who are now in the very final stages of setting up their operations. Thank you for your patience.

[HI-TEC99]

You will be able to receive your World dollars on Ripple very soon, the first platform where World dollars can be traded on and payments made.

Please note that World dollars are issued by members of the very recently launched World Dollar Network, members who are now in the very final stages of setting up their operations. Thank you for your patience.

Are you just offering ripple IOU's or is World Dollar backed by anything at all. A ripple IOU not backed by anything is pretty much worthless and anyone can create them.

[world-dollar]

P509SHO - there is much more to the website than filling in a form to claim your 10,000 World dollars. Content includes a comprehensive explanation of why our fiat money system will collapse; this is valuable information for the whole community of alternative currency advocates, not just World Dollar.

Sir Bitcoin - we are extremely recently underway. Money does not have to be "mined" in order to be valuable. World Dollar Issuers are responsible for ID checks to ensure that every person is issued once with 10,000 World dollars, with penalties to fight against fraud/ counterfeiting. For now we're looking at passport/ other photo ID photocopies and digital ID schemes. Due to the unique nature of the monetary system, security and privacy issues are taken extremely seriously.

In case any of you are uncomfortable with Ripple: The currency is (payments) platform agnostic. You will soon also be able to receive your World dollars through a few mobile payment providers we are setting up with, and then many more options to follow. All tech solutions are offered by the decentralised, competitive "World Dollar Network", not the Foundation itself, which really just sets out the rules and promotes the concept.

[HI-TEC99]

You seiously expect people to send passport/ other photo ID photocopies to an anonymous person who registered his website using an anonymity service to hide his own identity!

[world-dollar]

You seiously expect people to send passport/ other photo ID photocopies to an anonymous person who registered his website using an anonymity service to hide his own identity!

Identity checks are performed by World Dollar Network members, not the Foundation itself. They are legimitate businesses, performing legitimate services that you are no doubt accustomed to when using the majority of financial services today.

The Foundation itself will also go public with its members; you must appreciate that we are dealing with a highly sensitive area and have made many bold claims that certain powerful authorities may not be too comfortable with.

[HI-TEC99]

Yeah right, a google search for "World Dollar Network" only gives results from your website. Can you name any World Dollar Network members and prove they are affiliated with you in any way at all?

[world-dollar]

On a general note: there is nothing compelling you to claim your World dollars now. All people in the world will be entitled to their 10,000 WLD allocation.

If you are uncomfortable, for instance, by the fact that we have only extremely recently got up and running, and you don't know the people behind the Foundation (not that we are the important people driving this - the Network is), then come back in a week or so. World dollars will be actively traded through Ripple, and soon elsewhere too.

[HI-TEC99]

I bet all you are offering is ripple IOU's which are worthless unless backed by anything. You have to trust the ripple account that created one to receive them or trade them. Anyone can create them and markets for trading them.

[world-dollar]

Yeah right, a google search for "World Dollar Network" only gives results from your website. Can you name any World Dollar Network members and prove they are affiliated with you in any way at all?

Patience is a virtue.

[world-dollar]

I bet all you are offering is ripple IOU's which are worthless unless backed by anything. You have to trust the ripple account that created one to receive them or trade them. Anyone can create them and markets for trading them.

Money does not have to be "backed" by something in order to be valuable. Money is nothing more than a social convention. It is not valuable in itself, but valuable because people agree to take it as valuable.

Not anyone can create World dollars and markets for trading them - this is attempted fraud/ counterfeiting, and will be very easy to identify/ expose it as such.

Also, as said in an earlier post, we will not only be based on Ripple. If any of you are interested in joining the World Dollar Network and building your own payments platform where World dollars can be issued and traded, there is nothing preventing you from doing so. Indeed, we encourage it; the point of the Network being decentralised and competitive is precisely so that the highest standards of payments technology are used.

[HI-TEC99]

I bet all you are offering is ripple IOU's which are worthless unless backed by anything. You have to trust the ripple account that created one to receive them or trade them. Anyone can create them and markets for trading them.

Not anyone can create World dollars and markets for trading them - this is attempted fraud/ counterfeiting, and will be very easy to identify/ expose it as such.

Anyone can create a World dollar IOU in ripple. Multiple different people can create the same IOU with the same name, but to receive or trade a particular IOU requires trusting a particular person's ripple account. This is NOT attempted fraud/ counterfeiting because although the name of the IOU is the same, each IOU can only be traded if your wallet trusts the creator's wallet.

Bitstamp creates USD IOU's and so does Snapswap, but you have to trust the wallet that created them to trade them.

How come Bitstamp is not sueing Snapswap for creating USD IOU's if it's fraud/ counterfeiting? Both Bitstamp and Snapswap deal in millions of dollars worth of bitcoins and cash, which their IOU's are backed by. What are your's backed by?

[world-dollar]

I bet all you are offering is ripple IOU's which are worthless unless backed by anything. You have to trust the ripple account that created one to receive them or trade them. Anyone can create them and markets for trading them.

Not anyone can create World dollars and markets for trading them - this is attempted fraud/ counterfeiting, and will be very easy to identify/ expose it as such.

Anyone can create a World dollar IOU in ripple. Multiple different people can create the same IOU with the same name, but to receive or trade a particular IOU requires trusting a particular person's ripple account. This is NOT attempted fraud/ counterfeiting because although the name of the IOU is the same, each IOU can only be traded if your wallet trusts the creator's wallet.

Bitstamp creates USD IOU's and so does Snapswap, but you have to trust the wallet that created them to trade them.

How come Bitstamp is not sueing Snapswap for creating USD IOU's if it's fraud/ counterfeiting? Both Bitstamp and Snapswap deal in millions of dollars worth of bitcoins and cash, which their IOU's are backed by. What are your's backed by?

You misinterpreted the point being made. Indeed, you have nicely explained the problem encountered by anyone trying to issue their own WLD (and trying to "pass it off" as the official WLD). The WLD IOU is not valuable unless it has originated from the official World Dollar Ripple account - trust is granted to the Ripple account "WorldDollar".

We are not asserting that there is any fraud happening with Bitstamp and Snapswap. Hopefully this latest response has clarified that for you.

[HI-TEC99]

Not anyone can create World dollars and markets for trading them - this is attempted fraud/ counterfeiting, and will be very easy to identify/ expose it as such.

Anyone can create a WLD IOU and markets for trading them using their ripple wallet. You said this is attempted fraud/ counterfeiting, which is incorrect. Ten different WLD IOU could easily be created by ten different wallets, and it would not be attempted fraud/ counterfeiting.

By the way collecting passport/ other photo ID photocopies is illegal in most western countries unless you are registered as a personal data controller with an information commissioner. You cannot collect personal data anonymously because you are legally required to provide your contact details for any freedom of information requests. Where are your contact details?

[world-dollar]

Not anyone can create World dollars and markets for trading them - this is attempted fraud/ counterfeiting, and will be very easy to identify/ expose it as such.

Anyone can create a WLD IOU and markets for trading them using their ripple wallet. You said this is attempted fraud/ counterfeiting, which is incorrect. Ten different WLD IOU could easily be created by ten different wallets, and it would not be attempted fraud/ counterfeiting.

By the way collecting passport/ other photo ID photocopies is illegal in most western countries unless you are registered as a personal data controller with an information commissioner. You cannot collect personal data anonymously because you are legally required to provide your contact details for any freedom of information requests. Where are your contact details?

Unfortunately you have once more failed to understand the point being made about fraud/ counterfeiting. There is nothing more to add from our side; for a practical example, you might wish to review how XNF works (http://www.nofiatcoin.com/) on the Ripple network.

Regarding your second point, as explained to you earlier, all identity checks are performed by members of the World Dollar Network.

You seiously expect people to send passport/ other photo ID photocopies to an anonymous person who registered his website using an anonymity service to hide his own identity!

Identity checks are performed by World Dollar Network members, not the Foundation itself. They are legimitate businesses, performing legitimate services that you are no doubt accustomed to when using the majority of financial services today.

The Foundation itself will also go public with its members; you must appreciate that we are dealing with a highly sensitive area and have made many bold claims that certain powerful authorities may not be too comfortable with.

[HI-TEC99]

XNF is backed by gold, unlike your IOU. What point are you trying to make about about fraud/ counterfeiting?

You are already collecting names and email addresses which are personal information that could identify a person. This means you are legally required to provide your contact details for any freedom of information requests. Where are your contact details?