Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 297. (Read 418460 times)

My only concern with HEAT is perhaps over confidence.

Great tech...

Great Plan...

For those who are watching and participating there is an excitement especially as it maybe a superior Ardor and from a NXT basis it is great tech.

I have spoken with FIMK participants and so far all are very happy and excited with the new plan. They know the tech is good and under noticed.

But when everything is running smoothly and the tech and the plan is being pushed out there and confidence is high.

One or two errors can kill a new platform.

TESTING TESTING TESTING. Caution. Concern, Pressure forges a good team and community.

Is there a test net where we can put pressure on the system.

Can the plan and the tech be placed under rigorous pressure so that any new release and especially the first year exceeds expectations?

Cool interview

Private assets has been operational in FIMK for quite some time now.

Some interesting readings from Svante (our project lead) on the topic.
Noticed that going through the private-assets discussion we started on nxtforum.

It's not entirely about private assets, but does give an insight to how and why we came up with the enhancement to the standard NXT AE in the first place.


https://nxtforum.org/asset-exchange/private-assets-for-use-in-financial-institutions/msg172576/#msg172576

@thezman007:

Thanks for your feedback.


Your interpretation of "private" as in private assets is understandable.
But it isn't the kind of private we talk about.

Private assets means its an asset that cannot be sold to anyone or traded among anyone, that isn't allowed to do so by the asset issuer.
A private asset issuer himself determines who is allowed to trade in those assets and the protocol simply denies anyone who is not on the "allowed" list to receive that asset or even place a buy order.

See this link for when I first introduced the concept (includes some more business oriented views on the matter from our project lead)
https://nxtforum.org/asset-exchange/private-assets-for-use-in-financial-institutions/


Thats an excellent use case, havent even thought of it being used that way.
But yes indeed, the power in the smart vouchers is of the course the smart part.
Which enables the issuer to remotely disable the voucher validity.


The challenge happens with little room for the challenger account, it can only act according to the rules defined by the protocol (for anyone interested please see the details about this in our whitepaper - James (jl777/supernet) actually helped me with that part   ).
We are unclear right now whether the actual challenge generation code will run as a Distributed Services script or if we include it in the java code. Or a combination of those even.

In both cases, like with everything HEAT makes, it will be made available on our github repositories.


Thanks! and will do!

I think they received FIMK & gave away heat to investors ?

For anyone who may have an interest in the ICO project HEAT and their Blockchain 3.0 project with its scalable structure, their whitepaper was released August 2nd and it may be what you need to either dig in or accept not for you. Either way it gives more clarity on its various offerings as mentioned on their website and also as per below:


If you wish to take part in this actively by trading HEAT on OpenLedger up untill launch sometime in September, you may well profit from the option by ICOO and its crowdfunding engine offering ICO subscription with a 4% subscription fee in this way allowing you to buy into HEAT and trade same day.
You may do so, simply go to following link https://www.ccedk.com/ico/heat for the necessary instructions if new to OpenLedger. If already a user you may send your funds directly to: ico.openledger account mentioning in memo: HEAT

Otherwise, simply go directly to HEAT official website and order from there: http://heatledger.com/ico.htm
Read full HEAT White paper here: http://blog.openledger.info/2016/08/05/heat-white-pap..

Tweeted!! https://twitter.com/MagicNxt/status/761519289119678464

Interview on Bitcoinist containing some good HEAT info

http://bitcoinist.net/blockchain-heat-ledger-project/

And? Where´s the disadvantage for the ICO participant?? Nobody force you to invest with your BTC, ETH or NXT if you feel that you are discriminated with such investment.

Forgive me if i am mistaken but isn't the scenario Like this: well I have a lot of bags from my previous project, i can't sell them so let's start a new project in which i can redeem my old coins for new ones at great rate (we are on tier 4 while BTC and ETH are still on 2,  so it was really attractive). Not saying thst HEAT concept is bad, just saying distrivution is unfair since some people paid BTC and ETH for HEAT coins and some were given them for free in exchange for coins from the dead project.

So I have read the whitepaper and have a few questions and comments:

First of all, I don't know who chose the word for immense or enormous but it was a ridiculous choice. Maybe English was not the first language of the person who wrote it and they looked up a word for enormous, but I really think it should be changed. Why come off sounding like a jerk who thinks they are above everyone? 

Second, the link to fimk.fi goes to a nxt page

With that out of the way:

You talk about private asset transactions. Will those tx's be viewable/searchable by anyone?

What about using your Smart Vouchers to help solve Gift Card hacking problems. If you are not aware of them. Starbucks and other cards come on the market all the time on sites like bitify.com for 10-20% of their value in BTC. These were hacked or bought with stolen credit cards. Maybe HEAT can help corporations use your Smart Vouchers to make sure the right person is cashing in the card

Will your challenger account be open source?


Thanks guys, saw the interview, though in dribs and drabs at work and what I saw was good. Keep up the good work.

Uhm, sorry but it seems that this coin was created as a bailout tool for FIMK bagholders. You can buy it for BTC, ETH and by dumping worthless FIMK. Not cool.

You're the one who should have written our whitepaper! 

Considered, but no plans to get into stocks..
but thank you.

I'll keep my eye on it for sure.
 

One thing you should note is that by joining the ICO, you will also get options to buy shares in the company making HEAT at a 50% discount later this year.

Thanks,

I'll probably not invest in ICO, but I'll def keep my eye on it and see where it goes.
I might invest in the near future depending on how it plays out.

As far as I know there is no technical reason for accepting FIMK. They said that they might burn it.

No not quite. They took the NXT and stripped it down to the essentials and added in some tech from FIMK and some new things as well. Most of the work was done to make HEAT scale to almost any size and make it modular so its easier to add new tech.

Hey Kazadar,

I understand that devs made FIMK back in 2014, but is there any technically essential reason why FIMK is required in HEAT?
when you say improvements on FIMK, is HEAT built on top of FIMK?

sorry, I only skimmed thru the whitepaper.

The Devs made FIMK and several parts of HEAT a build as improvements on FIMK.

So it a bit like an early supporter bonus.

Is there valid reason why Devs are including FIMK (effectively dead coin) in ICO funding option?