Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 218. (Read 418460 times)

Nice catch riceberry , the exclamation (!) isn't used by many in their posts . StewieG there's no reason to be aggresive , he just points the obvious .

I don't care how you feel about nxt, at least their projects roll out the door in a stated timely fashion! And as far as your list, sure I'm vested in those as well. Like I said, Dennis needs phone in for some help!!! I don't care what dev's he calls on. Just do it!

I detect a dumbass

FUCK FUCK FUCK!!! I forgot:

forget nxt...

Better to get help from Supernet, Lisk, Waves, NEM those smart enough to move away from Nxt.

Or even better IOTA, contact CFB and try to get HEAT to be the first IOTA exchange, have CFB placed in the tech advisory role.

It is more than likely CFB is BCnext so if that came out as true excellent PR for HEAT.

My idea of what happen in nxt is the main devs made a plan to dump and it went up 5x and the majority held tight while nxt devs dumped into it.

My instinct tells me that Dennis has coded himself into a corner. And doesn't know how to get himself out of his mess, without everything coming a part on him! Dennis needs to pick up the phone and call some of his buddies over at NXT and ask for help.

I don't care if someone invested a dollar in HEAT. They're still entitled to timely updates! A weekly status update takes very little time to post on the forum! People, we are talking about money that you worked hard for, whether through work income or investment proceeds, so be concerned about how your money is being spent! Don't rail on on stewie for caring about his invested money!

Ethereum, great example! ETH devs never said this will be the release date, they said from the beginning we don't know how long the development takes but here is an estimation. For me it is not about how long it takes, but they said clearly that they will release the genesis block on 5. november! Now they say no we never said that. It is in the ICO page!! Of course people thought it will be released on 5. november when they invested in HEAT!! How can they not understand this?! Ethereum always reported their progress. Everybody was aware where the funds are(they even provided cryptographic proof) and what will be done with them, they were very detailed about it. They answered questions in an appropriate way and did not ignore questions they did not like. With ethereum everybody knew what they were getting into. Heat in comparison feels like they promised a lot in order to raise a lot of money even though they were clearly aware of the fact that they can not deliver to their promises. The HEAT ICO ended on 18. October, in there they state they will release genesis block on 5. november! Think about that. This was in about 3 weeks. It must have been clear to them that they will in no way be able to meet this deadline! And that is clearly lieing to their investors and is pissing people off now! If they had stated that they don't know how long the development will take, this would be a complete different situation, one in which I would have not invested in HEAT! Oh yeah and then there is this superior behaviour like "trust us we are so wise we know what we are doing we have done this before" implying that we are total retards that annoy them by asking questions. This disgusts me!
P.S.: Lisk delivered on time, but this is not the point here!

Delays aren't the issue. The very poor communication - both inconsistent and lacking detail - and the entitled or aloof attitude are the issues.  These guys are showing themselves to be typical dev types, lacking interpersonal and PR skills and blinded by their egos. Its typical of other crypto projects too, but especially bad here so far.

A lot of it is probably just immaturity and lack of business experience.  I wouldn't be surprised if both of them are millennials.

In crypto world there will always be delays: need to be very patient.
Ethereum took more than two years.
Risk brink a lot of opportunity sometime.
Name a good project that the dev deliver the product on time?
The volume on c-cex is very low and the price does not mean anything

Absolutely, I can live with losing a few bucks, no problem! They claim to have invested 30% of the funds? Fine give me back 70% of my investment and I am gone! But this whole thing feels more and more like a scam, promises were broken and the communication is at ground zero. When they did the ICO, the communication was fine, you asked a question and in no time you got an answer. Now this has changed. Not even do they claim those obvious promises were no promises, no, they also are talking about luring new investors into this whole mess. This is exactly how I imagine a scam! They also provide no information about the status of the company like what did you do with the money? or what is your salary? Or even what did you do the whole time? As somebody else mentioned before "It feels like being held as a hostage". I totally agree with that. Other things are that the software will not even be open source and there are many things that make no sense at all and are sometimes even contradicting, but this has been mentioned before. And then there is this snobby additude in the "communication", they don't seem to be able to recognize the mistakes they make. At least they are not able to admitting them. It is always oh YOU(we) understood something wrong or they just ignore problems and don't mention them at all as if they would not exist, while people on this forum are explicitly mention them on here. And that lead me to this:

"You invested more than you wanted to lose" what kind of stupid logic is that?  that applies to situations where dev's actually do some work

until now this coin dev only talk with nothing to show..5 months and not even wallet?   

No one is rallying behind you. Everyone here thinks your comments and views are a waste of monitor space.

You invested more than you wanted to lose, now you are pissed at yourself for making "the wrong choice"

Good for you!

Insulting me will not make me go away! I demand anwered! You invested with FIMK and hope to get finally some money out of it? Well sir you may go fudge yourself! I will continue to be present here until I get my money back or at the very least get my questions answered!

Let me be clear again, ignoring me will not make me vanish!
I want my questions answered, those are reasonable questions. If you 2 think they are not reasonable, tell me why!
If you continue to ignore me, I will continue to post more. Can you hear me now?
There are 2 options, either you answer my questions or you give me my investment back!

Oh yeah in my opinion it was the same shitchat like before! Yeah he answered one question kind of. When will be the release: Hopefully in January! I would bet that this will not happen but okay lets see.

That is all! What about the other questions?! He makes a long post and all he says is "yeah well we will MAYBE release in january, but the product is almost finished". The rest of the post has the same attitude like before.

Where are the answers to my questions? If you are not interested in them okay fine, but I am, so stfu!

Oops forgot again...

Shut up Stewie. He was being very transparent and honest and this last post was very different from other posts where you could see the artificial politeness to keep the people calm.

Thank you Eliphaz!

And my personal apologies for the anger.

HelloooOOOo HELLOOOOO Mc Fly!!! Anybody home?!

I can not believe how he can still be such a dick! Not one "oh sorry", no nothing instead he tries to blame us for something THEY obviously screwed up!

"25 million HEAT tokens are distributed to investors and stakeholders on pro rata basis. Each HEAT stake credit will receive more than 1 HEAT token, exact amounts published on August 10th. This page will contain a protected facility where investors can authorize their cryptocurrency sending accounts and create secure HEAT Wallets, into which the HEAT tokens are distributed from genesis block in November 2016."

That is a promise! GENESIS BLOCK IN NOVEMBER! Can you read?! Yes? No? It doesn't state "estimated genesis block in November"! No! I don't know who you are trying to fool here?! I have not received my HEAT tokens as promised so I demand a refund of my investment!

You have burned around 30% of all the funds?! Where did the money go? I want a list on how much was used for what and when! As shareholders we are entitled to receive that information! Especially I want to know how high the salary of you two is! I can only see one possibility why you won't tell this to us, because it is way too high!
30% of how much? 800000$ ? You mean you have burned 240000$ so far? I can not believe this! WHERE DID YOU SPEND THE MONEY?! Buying a new house for yourself?! Despite the fact that you didn't even know how much $ you raised this is totally outrageous! Where is the rest? In your previous post you wrote that price is fluctuating and it is hard to tell exactly how much you have? Where is the money do you still hold the funds in crypto? Did you transfer it into cash? If so, when? We want information, don't you get it?!
And then you write this:" We're not fresh to business overall, nor crypto business. We know what is wise and what's unwise."
Sorry but I am sure 99% of your investors will totally disagree! You have clearly no clue what you are doing, otherwise you wouldn't be in such a mess! If you tried to calm us down with this bs, it did not work! FIMK was a disaster and you have learned nothing and repeat the same mistakes again!

I still want to know what YOU (the guy next to the developer) have done so far! What is your job except from posting in this forum?!

" 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" - What? What insiders?! Are you fucking kidding me?! What is this bullshit even supposed to mean?! So to you and Dennis it looks promising?! WOW, this is really groundbreaking news?! And who are the other insider?! Certainly not your investors! Maybe your dog who was barking when you told him about HEAT!

And finally...
"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."
Yes of course blame the others again, we are the idiots! You are such a condescending cunt, I bet you like to smell your own farts! YOU harmed the venture! This whole shitstorm is a reaction to the fuckup YOU produced! And yes patience ran out on the start of December when November was the PROMISED date(look above or at your own ICO page!!!!) and now I want my money back! If you continue to ignore me, this will go on, I promise(and yes I keep my promises!)!

OK thats a good answer.

Now i can make an estimation.

I think it is better for Dennis to release a complete product so I would be happy if the date was set for 1st Feb.

Is there anything we can do for testing? If you look at the activity in Supernet slack the community is all there doing testing.

Good news on the stock option.

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.

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.