HEAT ELIPHAZ FIMK LIED ABOUT THE PROMISED BUY WALL:
Let's rephrase what Dennis intended to write about the development situation a couple of days back -
Development and testing of HEAT mainnet transactions engine is complete. Asset-to-asset exchange development is complete, extensive automated testing in its final phases. Depending on various things, completion of tests is expected within 3 to 5 days. This isn't certain but likely.
Those are the two parts that form the absolute essential HEAT core, without which launch isn't possible.
Microservices (Heat's implementation of "DAPP") are also near complete, testing pending.
While tests are being finalized we're currently blazing through microservices implementation of the decentralized Bitcoin gateway on the HEAT wallet. It's nearly essential feature of the HEAT launch, and has a sizable impact on the liquidity of the HEAT token because it makes the decentralized trading possible. We'll have to see how quickly development on that goes and whether we need to launch the token without this facility due to the increasing pressure. Launch without the decentralized BTC/HEAT trading would be greatly detrimental. If all goes smooth on that it's possible to include this feature in the launch of the HEAT mainnet that we consider realistic to launch within the first half of January.
Obviously some people see things only through the black and white prism of the altcoin world where real corporate operations behind a coin are unusual. It's then difficult to understand how business development works, thus some freak out and gradually degenerate into trollish behaviour, harming the venture to some extent and especially undermining their own chances of success (through HEAT token's pricing prospects in this case, when patience runs out to wait for the planned features). This is unfortunate but it was expected with the unforeseen delays in delivery.
Note for the refund seekers - Investment into HEAT tokens was a no-refund proposal all the way. This was made clear at the time of participation. It was corporate funding round, fully accounted for and legally binding to company assets. In exchange investors receive the HEAT tokens that have a high chance of considerable value appreciation due to our long term work and structuration of the project.
We will deliver the tokens, so please may I ask to hold your horses in the mindless outbursts that only harm your own investment. We're not fresh to business overall, nor crypto business. We know what is wise and what's unwise. It would be foolish beyond comprehension to fail on delivery of a token, or change its main features to something completely else than proposed originally. On the contrary it is wise to produce value to investors through unique means. I've done my living as an entrepreneur for about 20 years - do you think cheating takes you that far? No, wisdom in producing value for customers does. But 5 months of delay in producing the first 3rd generation crypto has nothing to do with wisdom or lack of it. It's a necessity that we've got to tolerate despite the level of frustration that's far beyond that of any investor. Why - Because our success or failure depends on that more than yours. We've put all in. On top of that there's the pressure from a few hundred investors.
In case the structure for the HEAT tokens wasn't clear, here's a brief note of what they actually include, possibly containing some new info also:
Every 400 HEAT entitles to 1 stock option - redemption available shortly after genesis
Stock options are traded on the HEAT AE
Every stock option entitles to 50% reduction from one share of Heat Ledger Ltd's share release in 2017
Heat Ledger shares are traded on the Decentralized AE, one of the first of its kind, and enjoy company dividends from 2017 term onwards
About ICO funds: During the first 6 months of operation the company has burned less than 30% of its crypto funds, despite heavy requirements in ramping up business initially. The current spending expansion pace is sustainable and guarantees operations into at least the end of 2017 even without further funding (obtaining of which has however been top priority during the past 3 months, so missing it is unlikely).
Considering the product is 97% ready right now, this leaves us the whole 2017 for executing the business development preparations we've worked so hard towards from the early days of FIMK starting in 2014. The value we'll be able to bring to the HEAT token looks very bright to all insiders - Dennis, me and the advisors who we've let deep into the plans during the autumn. For the altcoiners, I can now make a promise:We will be using some ICO funds for price level support (in some form of buy walls, in a way that has the highest impact). I can't recall making explicit promises earlier. Personally I'm proud to have got a habit of keeping them whenever possible, so if there's any other impression please point out the reference and I'll humbly amend such a mistake.
Development and testing of HEAT mainnet transactions engine is complete. Asset-to-asset exchange development is complete, extensive automated testing in its final phases. Depending on various things, completion of tests is expected within 3 to 5 days. This isn't certain but likely.
Those are the two parts that form the absolute essential HEAT core, without which launch isn't possible.
Microservices (Heat's implementation of "DAPP") are also near complete, testing pending.
While tests are being finalized we're currently blazing through microservices implementation of the decentralized Bitcoin gateway on the HEAT wallet. It's nearly essential feature of the HEAT launch, and has a sizable impact on the liquidity of the HEAT token because it makes the decentralized trading possible. We'll have to see how quickly development on that goes and whether we need to launch the token without this facility due to the increasing pressure. Launch without the decentralized BTC/HEAT trading would be greatly detrimental. If all goes smooth on that it's possible to include this feature in the launch of the HEAT mainnet that we consider realistic to launch within the first half of January.
Obviously some people see things only through the black and white prism of the altcoin world where real corporate operations behind a coin are unusual. It's then difficult to understand how business development works, thus some freak out and gradually degenerate into trollish behaviour, harming the venture to some extent and especially undermining their own chances of success (through HEAT token's pricing prospects in this case, when patience runs out to wait for the planned features). This is unfortunate but it was expected with the unforeseen delays in delivery.
It is becasue past promises were not met.
By promises I suppose you mean delivery estimations. I'd like to point out that delivery times are NOT promises - they're best effort estimates that usually change in the software industry. It became clear that our delivery estimations are considered promises by many, thus we stopped giving them. Due to demand I've reluctantly given new estimates above, however they're still estimates and not promises. Anyhow we of course acknowledge the importance of achieving these latest estimates and understand the ramifications should delivery fall short.Note for the refund seekers - Investment into HEAT tokens was a no-refund proposal all the way. This was made clear at the time of participation. It was corporate funding round, fully accounted for and legally binding to company assets. In exchange investors receive the HEAT tokens that have a high chance of considerable value appreciation due to our long term work and structuration of the project.
We will deliver the tokens, so please may I ask to hold your horses in the mindless outbursts that only harm your own investment. We're not fresh to business overall, nor crypto business. We know what is wise and what's unwise. It would be foolish beyond comprehension to fail on delivery of a token, or change its main features to something completely else than proposed originally. On the contrary it is wise to produce value to investors through unique means. I've done my living as an entrepreneur for about 20 years - do you think cheating takes you that far? No, wisdom in producing value for customers does. But 5 months of delay in producing the first 3rd generation crypto has nothing to do with wisdom or lack of it. It's a necessity that we've got to tolerate despite the level of frustration that's far beyond that of any investor. Why - Because our success or failure depends on that more than yours. We've put all in. On top of that there's the pressure from a few hundred investors.
In case the structure for the HEAT tokens wasn't clear, here's a brief note of what they actually include, possibly containing some new info also:
Every 400 HEAT entitles to 1 stock option - redemption available shortly after genesis
Stock options are traded on the HEAT AE
Every stock option entitles to 50% reduction from one share of Heat Ledger Ltd's share release in 2017
Heat Ledger shares are traded on the Decentralized AE, one of the first of its kind, and enjoy company dividends from 2017 term onwards
About ICO funds: During the first 6 months of operation the company has burned less than 30% of its crypto funds, despite heavy requirements in ramping up business initially. The current spending expansion pace is sustainable and guarantees operations into at least the end of 2017 even without further funding (obtaining of which has however been top priority during the past 3 months, so missing it is unlikely).
Considering the product is 97% ready right now, this leaves us the whole 2017 for executing the business development preparations we've worked so hard towards from the early days of FIMK starting in 2014. The value we'll be able to bring to the HEAT token looks very bright to all insiders - Dennis, me and the advisors who we've let deep into the plans during the autumn. For the altcoiners, I can now make a promise:We will be using some ICO funds for price level support (in some form of buy walls, in a way that has the highest impact). I can't recall making explicit promises earlier. Personally I'm proud to have got a habit of keeping them whenever possible, so if there's any other impression please point out the reference and I'll humbly amend such a mistake.
And just caught another blatant lie! But to be honest I did not expect anything else from you! Let's see how he will weasel his way out of this one again... My guess is that "some form of buy wall" will mean some sort of buy wall on the btc market instead of the heat crap...
ELIPHAZ FIMK LIE ABOUT THE DISTRIBUTION TO ALL THE COINS TO THE INVESTORS OF THE FIRST ICO:
Quote
Regarding 2. Are you retarded or something? I am talking about the HEAT that ccex is supposed to give you back, the coins they received
This is a surprisingly good question considering your challenged state. The C-CEX coins we were forced to buy back by c-cex will be used for company development. Probably we'll hand them out for stock buyers in round 2 funding. Other venues are possible. Did that answer your concerns?BTW Stewie it's Saturday - the prime night of the week for all mentally challenged personalities. We figured you're high on testosterone. I managed to record a footleg - did you by any chance happen to have a fight tonight?
**Image of Svantja gay porn**
Never mind the intrusion if that's not you, we're just trying to be nice for good customers. We'll soon be moving on to the moderated thread to cut all the off-topic. Meanwhile we thought you'd enjoy the endorsement as you've such a prominent cheerleader of HEAT since a long time.
I guess you don't need to comment on the point that you just LIED AGAIN? NO? Well everybody already knew that you are a lying bitch!
And OHOO is that a comment on the heat coins you get back? And no of course this bullshit does not answer my question. You basically duck the questionas usual. You say maybe you will hand them out to investors in your upcoming shitty IPO or maybe you will do something completely else. But of course you mention to give them mto people in the upcoming IPO because you think when you mention that people will have an eye on the IPO, but trust me, nobody cares about your fucked up IPO anymore. And of course, how could I think that you would distribute them to the investors of round 1. Nono, you will of course decide to keep them in order to lure new investors into your scam and scam the investors of round 1 again as it was clearly stated that ALL THE COINS will be distributed to the investors of round 1!
HAHA I asked lately in the slack if anybody would participate in your next scamming round, the IPO, and ABSOLUTELY NOBODY SAID THAT THEY WILL PARTICIPATE!!! You failed on all levels, your shitty project is worthless. And stop posting your gay vidz, I am not into that kind of shit!
HEAT IS A SCAM!
THEY LIED MULTIPLE TIMES!
HERE IS THE PROOF THEY LIED ABOUT THE PROMISED BUY WALL AND HERE IS THE PROOF THEY LIED ABOUT DISTRIBUTING ALL COINS TO THE INVESTORS OF THE FIRST ICO
THEY HAVE ALSO LIED ABOUT THE DEVELOPER ACCOUNT WITH A MILLION HEAT THAT WAS NOT MENTIONED ON THE HEAT LEDGER ICO PAGE BUT OLNLY ON THE BITCOINTALK SITE.
