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Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 212. (Read 418460 times)

sr. member
Activity: 465
Merit: 250
shoutofgaia
7-10 days to go before mainnet launch.

As described earlier, we'll venture towards more than the current three 3rd party exchangers - C-CEX, Alcurex, Openledger - and decentralized AE after genesis. Like all partnerships, it's difficult and especially with exchanges understandably not reasonable to work with projects who don't yet have an existing product (blockchain).

At this point for outsiders it may be hard to see all the forthcoming utility and viability of the HEAT chain, which will only be proved by the tech itself of course. However when you examine the FIMK technology perhaps to check out or references of technical prowess, you'll quickly notice surprisingly positive things such as its mainnet has been successfully running for 2.5 years without significant trouble.

Additionally you should notice the large effort put in during the several years of development, and the features it has. It can be reasonably argued at this day the 2.5 years old FIMK is still within the world's top 30 coins regarding technology and features. Technically, not commercially. Disruptors quoting copy-paste job, shitcoin etc. don't have the slightest idea what they're talking about. Examine it, or ask someone who knows java and angular and you'll see it's factually on the level I'm talking about.

From business development and commercialization's point of view, we've had a bunch of big shots test driving FIMK, but withdrawing from proceeding because of both the unappealing non-profit nature of the project and the early stage of blockchain business that's been perceived too risky. Times have now changed, blockchains are fully relevant and our business development model is fixed. Our masterplan is to take the ideas realized by that high quality tech, work on tech dev extra 6 months to make the core again leading edge technically (scalability) and make that succeed with the completely revamped - and unusual in the cryptocoin scene - business infrastructure. Despite the unfortunate extra delay of 2 months that plan is intact and on the verge of materializing.

Back to Sunday shift..


Remarkable Eliphaz and verymuchso!

Although still under pressure one can sense the relief amongst the written words. It is finally coming together. Congratz HEAT-team! Put on your Bermuda Shorts, because guess what's going to be on? Smiley

*edit* changed the name of Dennis Smiley
hero member
Activity: 773
Merit: 500
Heatledger.com
7-10 days to go before mainnet launch.

As described earlier, we'll venture towards more than the current three 3rd party exchangers - C-CEX, Alcurex, Openledger - and decentralized AE after genesis. Like all partnerships, it's difficult and especially with exchanges understandably not reasonable to work with projects who don't yet have an existing product (blockchain).

At this point for outsiders it may be hard to see all the forthcoming utility and viability of the HEAT chain, which will only be proved by the tech itself of course. However when you examine the FIMK technology perhaps to check out or references of technical prowess, you'll quickly notice surprisingly positive things such as its mainnet has been successfully running for 2.5 years without significant trouble.

Additionally you should notice the large effort put in during the several years of development, and the features it has. It can be reasonably argued at this day the 2.5 years old FIMK is still within the world's top 30 coins regarding technology and features. Technically, not commercially. Disruptors quoting copy-paste job, shitcoin etc. don't have the slightest idea what they're talking about. Examine it, or ask someone who knows java and angular and you'll see it's factually on the level I'm talking about.

From business development and commercialization's point of view, we've had a bunch of big shots test driving FIMK, but withdrawing from proceeding because of both the unappealing non-profit nature of the project and the early stage of blockchain business that's been perceived too risky. Times have now changed, blockchains are fully relevant and our business development model is fixed. Our masterplan is to take the ideas realized by that high quality tech, work on tech dev extra 6 months to make the core again leading edge technically (scalability) and make that succeed with the completely revamped - and unusual in the cryptocoin scene - business infrastructure. Despite the unfortunate extra delay of 2 months that plan is intact and on the verge of materializing.

Back to Sunday shift..
sr. member
Activity: 465
Merit: 250
shoutofgaia
So i guess in reality this project is driven by some 14 years old teenagers using conartists or whatever.

The project is run by the following company:
https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2632757&tarkiste=6F2F5FD1A9DCD627A99BD02A8DADDC5ED1FDE31E

And the prelaunch token is already tradable at:
www.alcurex.com
www.openledger.info
www.c-cex.com
sr. member
Activity: 403
Merit: 250
There are reasons why devs saying they dont want to list the coin on exchanges.

Because they know they have nothing they can put on an exchange. And once exchanges are testing the blockchain tey are finding the truth of not working system. The same with waves and polo.

But in this case  the devs are really giving "funny" answers. Something like, i dont want to do my job LoL.



How about their first ico, fimk? Scammed for 400 btc and never listed on big exchanges too? They just need money but don't work for investors
hero member
Activity: 1014
Merit: 1055
There are reasons why devs saying they dont want to list the coin on exchanges.

Because they know they have nothing they can put on an exchange. And once exchanges are testing the blockchain tey are finding the truth of not working system. The same with waves and polo.

But in this case  the devs are really giving "funny" answers. Something like, i dont want to do my job LoL. Like bart simson saying I dont feel in the mood of doing it. So i guess in reality this project is driven by some 14 years old teenagers using conartists or whatever. Very special this project, it could go into jistory of scamming.

legendary
Activity: 1372
Merit: 1000
Hi guys, I haven't checked in for a while.  What is the status of the project?  When will we be able to receive our coins?
sr. member
Activity: 465
Merit: 250
shoutofgaia
http://heatledger.net/index.php?topic=28.msg419#msg419

The most important part there is that in preparations for live asset testing / launch we expect the current testnet to be scrapped without further warning - other than newsletter dispatch - within the next 3-7 days...

I can feel the HEAT and excitement rising Smiley

Ppl reading this thread, now is the time to read the words of the trolls, panic sell and flee. Because you know what, I'll be waiting at the exchanges Tongue

The HEAT is on!
hero member
Activity: 1014
Merit: 1055
OK. Ryan from Bittrex found the application, but, it was in the name of FIMK, not HEAT. He says there is no reference to a HEAT token, in that application.
Like described earlier in this thread, we'll look more closer at the 3rd party exchangers again when the token is out. The initiatives with Bittrex are appreciated and I'll be sure to reach out on the slack soon.

Eliphaz says he will be sure to reach out on the slack soon...Once launch happens, then initiatives like Bittrex can happen.

Actually this is not the best way to do it. They should reach Bittrex BEFORE launch not after, like all the other serious projects.

thats just stalling tactic, seeen so on so much coins. The community should go the approach to find a way of stopping this team from doing more scams in the future. this looking very fishy here.

it seems there is no direct communication between the devs and the community and thats a very funny situation in a community driven project, because of the community funding.
hero member
Activity: 532
Merit: 500
Regarding communication...there was a big explanation of the technical update on the 29th:
https://bitcointalksearch.org/topic/m.17338730

And another update on January 4th:
https://bitcointalksearch.org/topic/m.17388681

Another on the 4th:
https://bitcointalksearch.org/topic/m.17396060

Comparison table posted on the 5th:
https://bitcointalksearch.org/topic/m.17408410

Another update on the 5th with a draft design:
https://bitcointalksearch.org/topic/m.17411030

This is evidence of a definite improvement of communication, and working with us more as investors.
I don't really understand why people are not remaining calm in the most recent history of this thread.

Also a reminder a long time ago from jl777:
https://bitcointalksearch.org/topic/m.15548233

"...I have no worries about making ROI with HEAT"

Dude i like your optimism but these guys are just taking the piss now

Desperate hope is drug, can poison people any time, investing in scam project and can't give it up, it's like overdosing drugs.

I'm just pointing out that there has been quite alot of communication from the dev team in the past while, compared to some quieter times. So I think this is more positive than negative.

We have had 2 releases (and 1 with a minor link update fix after some changes happened), and the 3rd upcoming release will be the main net.
These previous releases are here, 1 alpha wallet, and then a wallet with ICO verification.
https://github.com/Heat-Ledger-Ltd/heat-ui/releases

If this was a scam, why would multiple releases be made? Why have an ICO verification? Why be compliant with laws regarding taxes? Why would so much technical work be going on in private repositories (Which is very normal in software development) with a steady flow of new things being developed and released. Just in this past month, along with all the other updates more recently above...

December 5th include big updates from verymuchso:
https://bitcointalksearch.org/topic/m.17088037

Also included releases of preliminary API documentation here:
http://alpha.heatledger.com/api/

With interactive testing of the API here:
http://alpha.heatledger.com/interactive/

Then December 27th, Core status, Asset Exchange status, Email account identifiers:
https://bitcointalksearch.org/topic/m.17314536

'Overdosing on drugs'? I can just see evidence of actual progress with innovation (also jl777 pointed on the superNET slack recently, how ambitious a project HEAT is), among lots of other banter.

Can anyone point out from all these links, and evidence of work going on, why this would not release at all? If it was a scam, why put the effort in, why go to fintech conferences?

It is impossible to proof that it will not release! BUT it is very easy to proof that IT WILL release! There are many reasons to doubt that it will release:

1. Nobody has seen any actual code!

2. Nobody knows where the funds are!

3. Poor communication since end of ICO!


1. There is some preliminary code of the client:
https://github.com/Heat-Ledger-Ltd/heat-ui
Also, new code is obviously being developed on private repositories (based on updates from verymuchso linked above. Very normal for software development. When I was building a web app in nodejs a few years ago, I made a private repository for updating, since I did not want my code or ideas to be taken and make a clone of my idea. This is normal.

2. The blockchain does show the funds. The BTC is traceable from the original ICO BTC address. Perhaps some clarification can be given on this. I have done some looking into the BTC ICO account, and I can see alot of funds are still in other addresses, unspent. It makes sense to move some funds from the ICO "1HEATQC..." address of btc, since these types of custom name addresses are less secure, and should moved into a company account. I'm confident the other addresses where funds went have been spent were for paying taxes for the company, some compensation for the team to live and work on this project, and for fees to go to conferences for partnerships, contractors, etc.

Regarding 1300 + btc being raised, it was an estimate based on multiple funding sources. Such as ETH, FIMK, and NXT. Much of the funds needed to be spent to pay taxes in Finland initally, starting the company, enough salary to survive and work, and in Finland, much is required to be paid as entrepreneurs.

3. Sometimes the communication was slow, because the devs were busy doing other things, as mentioned in:
https://bitcointalksearch.org/topic/m.17388681
Over the past few months, there have been minimal updates, but included ninja releases of the first client, then the second client on testnet with ICO verification.
In the recent last while, Eliphaz has increased his communication with the community, which is mentioned above in links. This is great! I hope we can keep up with this.

1. This is a client, there is nothing about the protocol or the HEAT core! Also with this, look at the commits https://github.com/Heat-Ledger-Ltd/heat-ui/graphs/commit-activity last commit was in October!!!!! Also this it is not normal to develope a cryptocoin in secrecy! This may be normal for microsoft, but not in the cryptoworld! Why would I use it when it is closed source? Trust can only be established by making it open source so everybody can verify what the program is doing! This is valid for all crypto projects!

2. Where are the funds? I don't have that address, I can not look into it. Also, no, those addresses are NOT less secure, this is bullshit! Tell me why they are less secure! So you say the funds have been moved to several addresses, now I can not know if they still belong to the HEAT team or not, except they provide cryptographic proof, which is exactly what I and others here demand!

3. Again this is only a client or a wallet, this is not about the protocol! They have not shown the core part of development! And again, when did they increase the communication? Yes when they saw that the community is really pissed! But they have not told us anything, they only talked a lot about this and that, only very little info was provided by them!

1. Last commit if you look correctly was: "Latest commit d959b17  3 days ago", on the timeline, that looks like Tuesday. Actually, I'm pretty sure NXT developers code on a private branch, and probably others do as well. Then once the private branch is ready with stable code, they publish. It should be open source eventually yes.

2. Funds are in different addresses, I don't control them, so I can not give input into them. I think vanity addresses do if they are reused multiple times. When you spend coins sent to an address your public key is exposed to the network. This reduces security slightly. Maybe Eliphaz can show proof of address ownership.

3. Core development is being done clearly from tech updates IMO. There is alot of sophistication with the development, and better to release a finished product, rather than make partial commits of code all the time on a public repository, for others to copy and replicate. They increased communication if you look at the links I provided of posts from Eliphaz and earlier from Verymuchso on development.

1. That is true, there was one line edited 3 days ago, before that there is a vast emptyness...

2. A vanity address has a public and a private key like any other address, if produced correctly, they have the same security properties like any other address. You can not simply derive the private key out of the public key, otherwise you wouldn't call it public key, it is supposed to be public! What you are saying is simple bs. And yes he could show some proof of address ownership! This is what I am talking about the whole time, just show us that you are in possession of the money! We want to know where our money's gone! You lose even more credibility by using the second answer of this thread(and for obvious reasons not referencing it): https://bitcoin.stackexchange.com/questions/5703/do-vanity-addresses-lower-the-security-of-my-key-reduced-complexity
You chose the second answer when clearly the first one is correct and the second is not! If you wouldn't have been so eager to just proof your point and chose the correct answer then there would be more credibility left in your posts. Now you have shown that you just want to be a winner of an argument no matter if you are right or wrong which is sad and hurting your own cause!

3. Yes of course we want a good product rather than a bugy one. But we would also like some proof that this is done. So far there are a lot of doubts that they are even developing. And the fear that anybody steals their ideas is in my opinion ridiculous, more important is community involvement and this is impossible the way they are acting right now!

1. There is some emptyness, but like I said, development is clearly happening in a private repository, and then published to the company github at an appropriate time.

2. I may have been wrong about vanity address security, I just remember many years ago considering to make one, and read about some security possibilities before. I did not link the reference, because I did not think it was important, and someone can easily find that by a search. This does not undermine my credibility of showing proven links to actual updates from the HEAT team over the past month, which includes quite alot of updates (and are shown above in my previous posts with actual evidence). I can agree that the team could show proof of ownership of addresses where the funds are.

3. You mean: "Buggy one" not "Bugy one". From the technical updates, it can be concluded that there is definite evidence of substantial development of software going on. Please check the links to the updates from verymuchso (Dennis).

So I transfered some eth to address on the website, can I somehow already trade now? #IWantMyHeatNow #HeatMeScotty
Also the interview was so inspiring, whao such great tech, heat is like scaling with new decentrasliced cloud AI  system to really make the blockchain 3.0 great again through literally disruptive multichanneled encrypted cyber routing technology scalability capability advances for future massive separated consensus based digital account distribution attribution network with peer to peer credibility management.

It seems like you did not know what you were doing, so it is not anyone's fault but yours with: "Can I somehow already trade now?" When you sent Eth directly, you should know that you need to wait for genesis, which will happen soon. It seems interesting to me that: since you recently said that the interview video is a load of "shit" basically. You said that right after investing, you watched the video. You actually said this above ^^. Apparently it was "so inspiring, and "whao such great tech". Then a bunch of words...To me it seems like preliminary spam starting early on.

Yes it is buggy, who cares? If that is your criticism then this is very low. Also I clearly stated that I invested BEFORE the video came out, just to clarify that!! Also at the time I invested it said that the coin will come out in NOVEMBER 2016!!!! This deadline has not been met even though it must have been clear a few weeks before the deadline that they can not meet this deadline!!! Is this also my fault? I don't think so! And don't tell me that linking was not important, there were 2 answers in the link, the one that was upvoted(the correct answer) and the one that was not upvoted(the wrong answer)! AND YOU SIMPLY COPY AND PASTED THE OBVIOUSLY WRONG ANSWER JUST TO MAKE YOUR POINT!
hero member
Activity: 532
Merit: 500
Regarding communication...there was a big explanation of the technical update on the 29th:
https://bitcointalksearch.org/topic/m.17338730

And another update on January 4th:
https://bitcointalksearch.org/topic/m.17388681

Another on the 4th:
https://bitcointalksearch.org/topic/m.17396060

Comparison table posted on the 5th:
https://bitcointalksearch.org/topic/m.17408410

Another update on the 5th with a draft design:
https://bitcointalksearch.org/topic/m.17411030

This is evidence of a definite improvement of communication, and working with us more as investors.
I don't really understand why people are not remaining calm in the most recent history of this thread.

Also a reminder a long time ago from jl777:
https://bitcointalksearch.org/topic/m.15548233

"...I have no worries about making ROI with HEAT"

Dude i like your optimism but these guys are just taking the piss now

Desperate hope is drug, can poison people any time, investing in scam project and can't give it up, it's like overdosing drugs.

I'm just pointing out that there has been quite alot of communication from the dev team in the past while, compared to some quieter times. So I think this is more positive than negative.

We have had 2 releases (and 1 with a minor link update fix after some changes happened), and the 3rd upcoming release will be the main net.
These previous releases are here, 1 alpha wallet, and then a wallet with ICO verification.
https://github.com/Heat-Ledger-Ltd/heat-ui/releases

If this was a scam, why would multiple releases be made? Why have an ICO verification? Why be compliant with laws regarding taxes? Why would so much technical work be going on in private repositories (Which is very normal in software development) with a steady flow of new things being developed and released. Just in this past month, along with all the other updates more recently above...

December 5th include big updates from verymuchso:
https://bitcointalksearch.org/topic/m.17088037

Also included releases of preliminary API documentation here:
http://alpha.heatledger.com/api/

With interactive testing of the API here:
http://alpha.heatledger.com/interactive/

Then December 27th, Core status, Asset Exchange status, Email account identifiers:
https://bitcointalksearch.org/topic/m.17314536

'Overdosing on drugs'? I can just see evidence of actual progress with innovation (also jl777 pointed on the superNET slack recently, how ambitious a project HEAT is), among lots of other banter.

Can anyone point out from all these links, and evidence of work going on, why this would not release at all? If it was a scam, why put the effort in, why go to fintech conferences?

It is impossible to proof that it will not release! BUT it is very easy to proof that IT WILL release! There are many reasons to doubt that it will release:

1. Nobody has seen any actual code!

2. Nobody knows where the funds are!

3. Poor communication since end of ICO!


1. There is some preliminary code of the client:
https://github.com/Heat-Ledger-Ltd/heat-ui
Also, new code is obviously being developed on private repositories (based on updates from verymuchso linked above. Very normal for software development. When I was building a web app in nodejs a few years ago, I made a private repository for updating, since I did not want my code or ideas to be taken and make a clone of my idea. This is normal.

2. The blockchain does show the funds. The BTC is traceable from the original ICO BTC address. Perhaps some clarification can be given on this. I have done some looking into the BTC ICO account, and I can see alot of funds are still in other addresses, unspent. It makes sense to move some funds from the ICO "1HEATQC..." address of btc, since these types of custom name addresses are less secure, and should moved into a company account. I'm confident the other addresses where funds went have been spent were for paying taxes for the company, some compensation for the team to live and work on this project, and for fees to go to conferences for partnerships, contractors, etc.

Regarding 1300 + btc being raised, it was an estimate based on multiple funding sources. Such as ETH, FIMK, and NXT. Much of the funds needed to be spent to pay taxes in Finland initally, starting the company, enough salary to survive and work, and in Finland, much is required to be paid as entrepreneurs.

3. Sometimes the communication was slow, because the devs were busy doing other things, as mentioned in:
https://bitcointalksearch.org/topic/m.17388681
Over the past few months, there have been minimal updates, but included ninja releases of the first client, then the second client on testnet with ICO verification.
In the recent last while, Eliphaz has increased his communication with the community, which is mentioned above in links. This is great! I hope we can keep up with this.

1. This is a client, there is nothing about the protocol or the HEAT core! Also with this, look at the commits https://github.com/Heat-Ledger-Ltd/heat-ui/graphs/commit-activity last commit was in October!!!!! Also this it is not normal to develope a cryptocoin in secrecy! This may be normal for microsoft, but not in the cryptoworld! Why would I use it when it is closed source? Trust can only be established by making it open source so everybody can verify what the program is doing! This is valid for all crypto projects!

2. Where are the funds? I don't have that address, I can not look into it. Also, no, those addresses are NOT less secure, this is bullshit! Tell me why they are less secure! So you say the funds have been moved to several addresses, now I can not know if they still belong to the HEAT team or not, except they provide cryptographic proof, which is exactly what I and others here demand!

3. Again this is only a client or a wallet, this is not about the protocol! They have not shown the core part of development! And again, when did they increase the communication? Yes when they saw that the community is really pissed! But they have not told us anything, they only talked a lot about this and that, only very little info was provided by them!

1. Last commit if you look correctly was: "Latest commit d959b17  3 days ago", on the timeline, that looks like Tuesday. Actually, I'm pretty sure NXT developers code on a private branch, and probably others do as well. Then once the private branch is ready with stable code, they publish. It should be open source eventually yes.

2. Funds are in different addresses, I don't control them, so I can not give input into them. I think vanity addresses do if they are reused multiple times. When you spend coins sent to an address your public key is exposed to the network. This reduces security slightly. Maybe Eliphaz can show proof of address ownership.

3. Core development is being done clearly from tech updates IMO. There is alot of sophistication with the development, and better to release a finished product, rather than make partial commits of code all the time on a public repository, for others to copy and replicate. They increased communication if you look at the links I provided of posts from Eliphaz and earlier from Verymuchso on development.

1. That is true, there was one line edited 3 days ago, before that there is a vast emptyness...

2. A vanity address has a public and a private key like any other address, if produced correctly, they have the same security properties like any other address. You can not simply derive the private key out of the public key, otherwise you wouldn't call it public key, it is supposed to be public! What you are saying is simple bs. And yes he could show some proof of address ownership! This is what I am talking about the whole time, just show us that you are in possession of the money! We want to know where our money's gone! You lose even more credibility by using the second answer of this thread(and for obvious reasons not referencing it): https://bitcoin.stackexchange.com/questions/5703/do-vanity-addresses-lower-the-security-of-my-key-reduced-complexity
You chose the second answer when clearly the first one is correct and the second is not! If you wouldn't have been so eager to just proof your point and chose the correct answer then there would be more credibility left in your posts. Now you have shown that you just want to be a winner of an argument no matter if you are right or wrong which is sad and hurting your own cause!

3. Yes of course we want a good product rather than a bugy one. But we would also like some proof that this is done. So far there are a lot of doubts that they are even developing. And the fear that anybody steals their ideas is in my opinion ridiculous, more important is community involvement and this is impossible the way they are acting right now!
hero member
Activity: 532
Merit: 500
Regarding communication...there was a big explanation of the technical update on the 29th:
https://bitcointalksearch.org/topic/m.17338730

And another update on January 4th:
https://bitcointalksearch.org/topic/m.17388681

Another on the 4th:
https://bitcointalksearch.org/topic/m.17396060

Comparison table posted on the 5th:
https://bitcointalksearch.org/topic/m.17408410

Another update on the 5th with a draft design:
https://bitcointalksearch.org/topic/m.17411030

This is evidence of a definite improvement of communication, and working with us more as investors.
I don't really understand why people are not remaining calm in the most recent history of this thread.

Also a reminder a long time ago from jl777:
https://bitcointalksearch.org/topic/m.15548233

"...I have no worries about making ROI with HEAT"

Dude i like your optimism but these guys are just taking the piss now

Desperate hope is drug, can poison people any time, investing in scam project and can't give it up, it's like overdosing drugs.

I'm just pointing out that there has been quite alot of communication from the dev team in the past while, compared to some quieter times. So I think this is more positive than negative.

We have had 2 releases (and 1 with a minor link update fix after some changes happened), and the 3rd upcoming release will be the main net.
These previous releases are here, 1 alpha wallet, and then a wallet with ICO verification.
https://github.com/Heat-Ledger-Ltd/heat-ui/releases

If this was a scam, why would multiple releases be made? Why have an ICO verification? Why be compliant with laws regarding taxes? Why would so much technical work be going on in private repositories (Which is very normal in software development) with a steady flow of new things being developed and released. Just in this past month, along with all the other updates more recently above...

December 5th include big updates from verymuchso:
https://bitcointalksearch.org/topic/m.17088037

Also included releases of preliminary API documentation here:
http://alpha.heatledger.com/api/

With interactive testing of the API here:
http://alpha.heatledger.com/interactive/

Then December 27th, Core status, Asset Exchange status, Email account identifiers:
https://bitcointalksearch.org/topic/m.17314536

'Overdosing on drugs'? I can just see evidence of actual progress with innovation (also jl777 pointed on the superNET slack recently, how ambitious a project HEAT is), among lots of other banter.

Can anyone point out from all these links, and evidence of work going on, why this would not release at all? If it was a scam, why put the effort in, why go to fintech conferences?

It is impossible to proof that it will not release! BUT it is very easy to proof that IT WILL release! There are many reasons to doubt that it will release:

1. Nobody has seen any actual code!

2. Nobody knows where the funds are!

3. Poor communication since end of ICO!


1. There is some preliminary code of the client:
https://github.com/Heat-Ledger-Ltd/heat-ui
Also, new code is obviously being developed on private repositories (based on updates from verymuchso linked above. Very normal for software development. When I was building a web app in nodejs a few years ago, I made a private repository for updating, since I did not want my code or ideas to be taken and make a clone of my idea. This is normal.

2. The blockchain does show the funds. The BTC is traceable from the original ICO BTC address. Perhaps some clarification can be given on this. I have done some looking into the BTC ICO account, and I can see alot of funds are still in other addresses, unspent. It makes sense to move some funds from the ICO "1HEATQC..." address of btc, since these types of custom name addresses are less secure, and should moved into a company account. I'm confident the other addresses where funds went have been spent were for paying taxes for the company, some compensation for the team to live and work on this project, and for fees to go to conferences for partnerships, contractors, etc.

Regarding 1300 + btc being raised, it was an estimate based on multiple funding sources. Such as ETH, FIMK, and NXT. Much of the funds needed to be spent to pay taxes in Finland initally, starting the company, enough salary to survive and work, and in Finland, much is required to be paid as entrepreneurs.

3. Sometimes the communication was slow, because the devs were busy doing other things, as mentioned in:
https://bitcointalksearch.org/topic/m.17388681
Over the past few months, there have been minimal updates, but included ninja releases of the first client, then the second client on testnet with ICO verification.
In the recent last while, Eliphaz has increased his communication with the community, which is mentioned above in links. This is great! I hope we can keep up with this.

1. This is a client, there is nothing about the protocol or the HEAT core! Also with this, look at the commits https://github.com/Heat-Ledger-Ltd/heat-ui/graphs/commit-activity last commit was in October!!!!! Also this it is not normal to develope a cryptocoin in secrecy! This may be normal for microsoft, but not in the cryptoworld! Why would I use it when it is closed source? Trust can only be established by making it open source so everybody can verify what the program is doing! This is valid for all crypto projects!

2. Where are the funds? I don't have that address, I can not look into it. Also, no, those addresses are NOT less secure, this is bullshit! Tell me why they are less secure! So you say the funds have been moved to several addresses, now I can not know if they still belong to the HEAT team or not, except they provide cryptographic proof, which is exactly what I and others here demand!

3. Again this is only a client or a wallet, this is not about the protocol! They have not shown the core part of development! And again, when did they increase the communication? Yes when they saw that the community is really pissed! But they have not told us anything, they only talked a lot about this and that, only very little info was provided by them!
newbie
Activity: 46
Merit: 0
When I first watched it I was laughing my ass off and knew that my money was gone!

How much did you invest, please PM me, maybe I can save your soul. Wink
...I am willing to sell my heat...

Just PM me and we will negotiate further.

I think you guys could do it safely, if you use yassinnxt who is a proven escrow. Btc gets deposited to yassin, then when genesis happens, heat gets withdrawn properly to the account of Crapsy who wants to buy it. Once it is verified that Crapsy has gotten the heat. Then yassin can release the btc to StewieG.

Just trying to help, don't want to see any scam exchange happen...
That would still not give him any bitcoins, as it seems it will never be developed...

I would like to see proof of funds.
sr. member
Activity: 465
Merit: 250
shoutofgaia
We posted a brief technical update on the HEAT forum http://heatledger.net/index.php?topic=28.msg419#msg419

The most important part there is that in preparations for live asset testing / launch we expect the current testnet to be scrapped without further warning - other than newsletter dispatch - within the next 3-7 days, so please be sure to save any important data you may have stored there (such as messages).

Great news there! Thank you for the effort.
hero member
Activity: 773
Merit: 500
Heatledger.com
We posted a brief technical update on the HEAT forum http://heatledger.net/index.php?topic=28.msg419#msg419

The most important part there is that in preparations for live asset testing / launch we expect the current testnet to be scrapped without further warning - other than newsletter dispatch - within the next 3-7 days, so please be sure to save any important data you may have stored there (such as messages).
sr. member
Activity: 364
Merit: 250
move that crypto
Regarding communication...there was a big explanation of the technical update on the 29th:
https://bitcointalksearch.org/topic/m.17338730

And another update on January 4th:
https://bitcointalksearch.org/topic/m.17388681

Another on the 4th:
https://bitcointalksearch.org/topic/m.17396060

Comparison table posted on the 5th:
https://bitcointalksearch.org/topic/m.17408410

Another update on the 5th with a draft design:
https://bitcointalksearch.org/topic/m.17411030

This is evidence of a definite improvement of communication, and working with us more as investors.
I don't really understand why people are not remaining calm in the most recent history of this thread.

Also a reminder a long time ago from jl777:
https://bitcointalksearch.org/topic/m.15548233

"...I have no worries about making ROI with HEAT"

Dude i like your optimism but these guys are just taking the piss now

Desperate hope is drug, can poison people any time, investing in scam project and can't give it up, it's like overdosing drugs.

I'm just pointing out that there has been quite alot of communication from the dev team in the past while, compared to some quieter times. So I think this is more positive than negative.

We have had 2 releases (and 1 with a minor link update fix after some changes happened), and the 3rd upcoming release will be the main net.
These previous releases are here, 1 alpha wallet, and then a wallet with ICO verification.
https://github.com/Heat-Ledger-Ltd/heat-ui/releases

If this was a scam, why would multiple releases be made? Why have an ICO verification? Why be compliant with laws regarding taxes? Why would so much technical work be going on in private repositories (Which is very normal in software development) with a steady flow of new things being developed and released. Just in this past month, along with all the other updates more recently above...

December 5th include big updates from verymuchso:
https://bitcointalksearch.org/topic/m.17088037

Also included releases of preliminary API documentation here:
http://alpha.heatledger.com/api/

With interactive testing of the API here:
http://alpha.heatledger.com/interactive/

Then December 27th, Core status, Asset Exchange status, Email account identifiers:
https://bitcointalksearch.org/topic/m.17314536

'Overdosing on drugs'? I can just see evidence of actual progress with innovation (also jl777 pointed on the superNET slack recently, how ambitious a project HEAT is), among lots of other banter.

Can anyone point out from all these links, and evidence of work going on, why this would not release at all? If it was a scam, why put the effort in, why go to fintech conferences?

If it was a scam, then someone would have posted that Rob Huebel confetti .gif months ago and we wouldn't still be here discussing the launch of the hottest coin in 2017.
sr. member
Activity: 465
Merit: 250
shoutofgaia
Anyway isn't there a public register in Finland where companies have to register and everybody can have a look at it? I am not sure if they even registered a company yet. Can somebody with more knowledge in that field find something out?

The company is real.

https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2632757&tarkiste=6F2F5FD1A9DCD627A99BD02A8DADDC5ED1FDE31E

Excellent findings!

Here is a link to English info.

https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2632757&tarkiste=6F2F5FD1A9DCD627A99BD02A8DADDC5ED1FDE31E

*edit* same link... well, just change the language Tongue
sr. member
Activity: 465
Merit: 250
shoutofgaia
Anyway isn't there a public register in Finland where companies have to register and everybody can have a look at it? I am not sure if they even registered a company yet. Can somebody with more knowledge in that field find something out?

The company is real.

https://tietopalvelu.ytj.fi/yritystiedot.aspx?yavain=2632757&tarkiste=6F2F5FD1A9DCD627A99BD02A8DADDC5ED1FDE31E
hero member
Activity: 532
Merit: 500
Regarding communication...there was a big explanation of the technical update on the 29th:
https://bitcointalksearch.org/topic/m.17338730

And another update on January 4th:
https://bitcointalksearch.org/topic/m.17388681

Another on the 4th:
https://bitcointalksearch.org/topic/m.17396060

Comparison table posted on the 5th:
https://bitcointalksearch.org/topic/m.17408410

Another update on the 5th with a draft design:
https://bitcointalksearch.org/topic/m.17411030

This is evidence of a definite improvement of communication, and working with us more as investors.
I don't really understand why people are not remaining calm in the most recent history of this thread.

Also a reminder a long time ago from jl777:
https://bitcointalksearch.org/topic/m.15548233

"...I have no worries about making ROI with HEAT"

Dude i like your optimism but these guys are just taking the piss now

Desperate hope is drug, can poison people any time, investing in scam project and can't give it up, it's like overdosing drugs.

I'm just pointing out that there has been quite alot of communication from the dev team in the past while, compared to some quieter times. So I think this is more positive than negative.

We have had 2 releases (and 1 with a minor link update fix after some changes happened), and the 3rd upcoming release will be the main net.
These previous releases are here, 1 alpha wallet, and then a wallet with ICO verification.
https://github.com/Heat-Ledger-Ltd/heat-ui/releases

If this was a scam, why would multiple releases be made? Why have an ICO verification? Why be compliant with laws regarding taxes? Why would so much technical work be going on in private repositories (Which is very normal in software development) with a steady flow of new things being developed and released. Just in this past month, along with all the other updates more recently above...

December 5th include big updates from verymuchso:
https://bitcointalksearch.org/topic/m.17088037

Also included releases of preliminary API documentation here:
http://alpha.heatledger.com/api/

With interactive testing of the API here:
http://alpha.heatledger.com/interactive/

Then December 27th, Core status, Asset Exchange status, Email account identifiers:
https://bitcointalksearch.org/topic/m.17314536

'Overdosing on drugs'? I can just see evidence of actual progress with innovation (also jl777 pointed on the superNET slack recently, how ambitious a project HEAT is), among lots of other banter.

Can anyone point out from all these links, and evidence of work going on, why this would not release at all? If it was a scam, why put the effort in, why go to fintech conferences?

It is impossible to proof that it will not release! BUT it is very easy to proof that IT WILL release! There are many reasons to doubt that it will release:

1. Nobody has seen any actual code!

2. Nobody knows where the funds are!

3. Poor communication since end of ICO!

These are just a few. 1 and 2 are easy to solve, show some code and show proof of the funds. This is so easy that it is suspicious that they are not doing it! What you have in the links is nothing, there is no proof of anything, there is not even proof they attended any of the conferences! Concerning the website, this is easy to do, they pretend that this is some big kind of work, but it is not. Any webdeveloper can do this within 24 hours. Why would they do this? Second round ICO! They stated they would collect money for their company again in february, so the want to have trust from the community and this is the easiest way. Show them some "work" and they will invest in us again. Especially when you think about how worthless HEAT is right now if you want to make any rofit you kind of have to participate in the next funding / company share buy round! This is all very scamy! Then again look at my latest post, where is the company registered, I can not find any info, if I was serious about this project, I would post all the neccessary details to disprove ALL of the theories I mentioned immediately? Have they done so? NO THEY HAVE NOT!
hero member
Activity: 532
Merit: 500
OK. Ryan from Bittrex found the application, but, it was in the name of FIMK, not HEAT. He says there is no reference to a HEAT token, in that application.
Like described earlier in this thread, we'll look more closer at the 3rd party exchangers again when the token is out. The initiatives with Bittrex are appreciated and I'll be sure to reach out on the slack soon.

Eliphaz says he will be sure to reach out on the slack soon...Once launch happens, then initiatives like Bittrex can happen.

My prediction: there will never be a release! Next move will be OH we got hacked all the funds are gone and we can't work anymore now and the project is never heard of again!

Anyway isn't there a public register in Finland where companies have to register and everybody can have a look at it? I am not sure if they even registered a company yet. Can somebody with more knowledge in that field find something out?
hero member
Activity: 532
Merit: 500
https://youtu.be/dGs2B-0goTI?t=8m10s

just watch it until minute 12! This is so great, he doesn't know what he is talking about!! xD

What a classic!!!

Dennis: Blablabla blockchain we are better than bitcoin very scalable blabla view layer, consensus layer, we are better than everybody, other reality... blabla more bullshit

Other guy: Sorry we had a mic issue, can you repeat that again? (Obviously there was no mic issue instead nobody understood what dennis was talking abou)

Dennis: I have no idea what I just said HAHAHAHA! (because it was completely made up bullshit)

... Spoken like a true genius!
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