Alibaba Coin White Paper (No. 162)

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News Article Summary
We were asked by members in the community to post this as another test case: https://www.reddit.com/r/CryptoCurrency/comments/aw3293/dont_be_fooled_by_this_alibabacoin_abbc_obviously/

Failed - This whitepaper/article will no longer accept further claims. Comments are still allowed.

seedbountyhunter18seedbountyhunter18 Reputation: 0
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We received messages from our users to continue the conversation which occurred on Reddit. You can see it in the link below.

https://www.reddit.com/r/CryptoCurrency/comments/aw3293/dont_be_fooled_by_this_alibabacoin_abbc_obviously/

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Automatic Claim Number - cla1551531619

Quote - most of the Crypto currenciesare still using manual management system,

Claim - The majority of cryptocurrencies have the same level of automation as Alibaba coin is looking to implement. This is a false statement intended to increase the appearance of Alibaba coin as a superior product over current market leaders.

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Automatic Claim Number - cla1551532363

Quote - There is no known way to find B satisfying other than iterating through all possible variables in the block header repeatedly. The higher the value of D, the more iterations are needed to find a validblock; the expected number of operations is exactly D. The time period T(r) for a miner with hardware capable of performing r operations per second to find a valid block is distributed exponentially with the rate r/D

Claim - The entire POW section is plagiarised. https://courses.cs.ut.ee/MTAT.07.022/2018_fall/uploads/Main/behzad-report-f18-19.pdf

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Automatic Claim Number - cla1551532490

Quote - Perl includes a number of popular UNIX facilities such as sed, awk, and tr. It can be compiled just before execution into either C code or cross-platform bytecode. When compiled, a Perl program is almost as fast as a fully precompiled C language program. A plug-in can be installed for some servers, such as Apache, so that Perl is loaded permanently in memory, thus reducing compile time and resulting in faster execution of CGI Perl scripts

Claim - Perl section is plagiarised https://whatis.techtarget.com/definition/Perl

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Automatic Claim Number - cla1551532589

Quote - n proof of stake algorithms, inequality is modified to depend on the user’s ownership of the particular Proof-of-Stack protocol cryptocurrency and not on block properties. Consider a user with address A and balance bal(A). A commonly used proof of stake algorithm uses a condition as hash(hash(Bprev), A, t) ⩽bal(A)M/D,

Claim - The POS section is plagiarised https://bitfury.com/content/downloads/pos-vs-pow-1.0.2.pdf

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Automatic Claim Number - cla1551532746

Quote - n one sense online web wallet providers are creating their own ecosystem –they are vertically integrated sometimes and offer both trading and storage options –such as Coinbase. This raises the issue of anonymity as wallet holders and exchanges generally are being pushed to hold documentation about users to combat AML and KYC financial regulations –especially in America.

Claim - PC Web-Wallet section is plagiarised https://www.cryptocompare.com/wallets/guides/what-is-a-bitcoin-web-wallet/

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Automatic Claim Number - cla1551533533

Quote - What Are We Going To Do With the ICO Funds?System Maintenance:We will be operating several platforms to provide services such as the facial recognition, shopping, pc and mobile apps, and crypto exchange. Personnel funding, building contracts, server fees, and related taxation will be issues to be dealt with the assets gathered by the upcoming ICO.New Technology Development:Our HD multi-crypto walletwill be provided and distributed in various platforms around the world. For stable service providence, it will need a stronger server and a larger base for safe and secure transactions. The funds will be used to provide these massive maintenance expenditures.

Claim - no details have been provided on how much will be spent on each area of development.

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Automatic Claim Number - cla1551535736

Quote - The manual handling ofthecryptocurrency system has always been a difficult task and less secure,so the sub-objective is to identify the requirement and design the Digital currency system that will resolve the above problem of manual system, by designing and implementing the proposed system successfully and securely.

Claim - According to my personal opinion Alibaba.coin is trying to show that it can identify and design digital currency system which will replace manual system.According to my observation,this statement is false.Alibaba.coin is trying to showing that it can come up with superior features for storage of cryptocurrency.

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So far for fake news the controversial graph in reddit is not part of the white paper.

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Automatic Claim Number - cla1551599504

Quote - here is a large number of cryptocurrencies using the Scrypt PoW algorithm as well as, probably due to legacy reasons, another large number of cryptocurrencies is still using the SHA-256 PoW algorithm.

Claim - According to my personal opinion,it is a number of cryptocurrencies which uses scrypt PoW algorithm.In addittion, it is also a number of cryptocurrencies using SHA-256 PoW algorithm.Each cryptocurrencies, determines which algorithm to use.Therefore, according to my personal opinion, the above statement is misleading.

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Automatic Claim Number - cla1551712337

Quote - The Crypto - Currency market is growing at an enormous rate, and many governmental organizations are fearing that they might overtake the fiat currencies in no time.

Claim - This type of statement must be supported by some type of data, study, or at least a news report.

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Automatic Claim Number - cla1551714384

Quote - Bitcoin is an electronic analog of cash in the online world. It is decentralized: there is no central authority responsible for the issuance of Bitcoins and there is no need to involve a trusted third party when making online tra nsfers. However, this flexibility comes at a price: the entire history of Bitcoin transactions is publicly available which makes it vulnerable to de - anonymization attacks.

Claim - This statement is plagiarized from page 221 of the book: "Security and Privacy in social networks." On page 221, under the section "6 Conclusions". This section starts virtually word-for-word in lines 5 through 9 of the paragraph. Here is a link to the page on Google books: https://goo.gl/tR9AM5

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Automatic Claim Number - cla1551714795

Quote - “blockchain”, ensures that everyone agrees on the transaction record. It also ensures that nobody can tamper with bl ocks in the chain since re - mining all the following blocks would be computationally infeasible. As long as nobody has more than half of the computational resources, mining remains competitive and nobody can control the blockchain.

Claim - This statement is plagiarized from: http://www.righto.com/2014/02/bitcoin-mining-hard-way-algorithms.html From the 4th paragraph under the section "The purpose of mining"

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Automatic Claim Number - cla1551716380

Quote - The system cannot be hacked for the reason that it has deep and complex security platform used

Claim - Claiming that the system cannot be hacked (because it has a complex security platform) is absurd. No system has been proven unhackable. Furthermore, the security features described are very basic and do not represent anything novel enough to be characterized as unhackable.

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              Automatic Claim Number - cla1551796963

              Quote - Special attention has been placed on enhancing the technology required to sell Alibabacoin. At present, you could select a particular item of a coin and put it on any crypto currency in our crypto coin fitting room and see how it would look on a trading or investment time. T

              Claim - The accuracy is so precise that most people don't even realize they're looking at real money in virtual form.According to my personal observation,this statement will make clients doubt the Alibaba.coin system.Clients needs to have confidence in this system.

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              Hi
              Find attached claims, on strategy, errors, sourcing and other limitations.

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              @HARISIO185 I don't see attachment could you pls put it in the post as its not showing. @admin pls fix why its not showing

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              Automatic Claim Number - cla1551845472

              Quote - •Security issues.•Frudentlants.•Sacmes.The manual handling ofthecryptocurrency system has always been a difficult task and less secure,so the sub-objective is to identify the requirement and design the Digital currency system that will resolve the above problem of manual system, by designing and implementing the proposed system successfully and securely.

              Claim - Misspelled words Frudentlants - Sacmes

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              Automatic Claim Number - cla1551847649

              Quote - Overview Following the Token Sale, the current system will be fully decentralized and will assume the following architecture.As opposed to other projects, the future ALIBABACOIN architecture is not just a solution relying on Ethereum for smart contracts and implementing core functionality; it’s a powerful development RequirementAnalysisDesigning TestingDocumentationImplementation

              Claim - This project will not be "Fully Decentralized" they have the main group looking after day to day transactions and can have access to private information

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                        Automatic Claim Number - cla1552132161

                        Quote - ABBC Foundation will be able to multiply and improve all of the existing technology in our world today

                        Claim - They claim that their tech "WILL be able to multilply and improve ALL of the existing technology in our WORLD". This is completely absurd, impossible, and not a reasonable claim by any measure. By using the word "will" they are saying that it is for sure. By saying, "all" they are claiming that every type of technology, every piece of hardware and/or software, on the planet will be multiplied and improved by their tech.

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                        Automatic Claim Number - cla1552403769

                        Quote - AliBabaCoin is an open - source platform to develop the digital crypto currency market spaces and objects of any purpose, as well as their quick launch and integration into a unique ecosystem.

                        Claim - The name AliBabaCoin misleads investors into believing that the coin is associated with Alibaba Group of China. This is certainly intentional, as the Alibaba Group is one of the most recognizable brands in e-commerce (a closely-related sector to cryptocurrency). In fact, a court has just ordered AliBabaCoin to stop using the name Alibaba. Please see this article about the court injunction: https://cointelegraph.com/news/crypto-startup-behind-alibabacoin-agrees-to-stop-using-alibaba-name-after-legal-action

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