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/releasesIf 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.17088037Also 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-uiAlso, 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.17388681Over 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!