Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 316. (Read 418460 times)

Your questions are legitimate but a staff member without proper knowledge made a mistake and came in answering them in a bad way, giving an impression most of the important parts are being avoided. That's not the case. Like mentioned I'm going to address that in good detail and it takes up to an hour of writing which I'm sure you understand is scarce on the first whole day of ICO. We have a lot of stuff to do. Up to half a day of time for answering extensive questions of forums would be modest. Thanks for you patience!

While acknowledging the sub-optimal process sequence, we're counting on this to assist with the credibility

https://github.com/fimkrypto/

It's good to notice we're not looking to max out disproportionally with the ICO. It's specifically designed for reasonable sum range to fund for the company and to assist in the 2nd round IPO. Based on that, the flow currently looks fine!

a reply to the pm I sent you guys would be appreciated. thanks.

There are professional projects and there are non-professional projects and there are scams.

And I'm not sure what this is, but it's not professional. You guys ask for money before you provide basic informations!

And to say that it's about time restrictions sounds kind of weird. Professionals would write a Whitepaper before they even think about ICO-terms and long before they make agreements to make an ICO. And in best case there is an audit of the Whitepaper.

I really don't want to spread FUD. I looked into this with good intentions:  To find out if I should invest. But I never invest in something I can't get infos about. Most of all important links on the site lead into nothing and to more questions.


Whitepaper: "H.E.A.T. Ledger technical white paper will be released here by August 1st 2016."

Github: Can't find even a link

Local Representation: "HEAT employs online representatives in various countries and areas for local promotion. Please contact us at info[at]heatledger.com if interested."


I mean, two guys but they claim to have "online representatives in various countries". What is that? "Online representatives"? Are they part of the team but want to stay anon?


And there are still missing answers/infos to my previous questions:
https://bitcointalksearch.org/topic/m.15556402

Yes, you said "later". But don't you think potential Investors should be informed about that before you ask for money? I really would like to know more about those pending agreements. Lisk for example has a lawyer and they gave information about that guy before. What they want isn't very simple but much more simple like your claim to implement Fiat. Not sure if that is possible without a banking license. Bitcoin.de, the german Bitcoin exchange is not allowed to provide Fiat-accounts. They work together with a bank (Fidor) to be on the safe side and like I've said before: It needs a verification process to get approved on their platform. Your claim that there are pending agreements regarding EU-laws means: You want to play by EU-rules.

And... I really don't get how that should be possible even without Fiat. And you don't give informations yet. The thing is: Even if all what you say is true it seems not professional. And I can't know if it's true, not saying you guys are dishonest.

But your priorities are obvious. You ask for money before the basic work is done, even before you give basic informations.

Yes, I do understand timing restrictions, however, it's sometimes better to sacrifice time (and even money) in the name of credibility. This is what drives succesful projects.
With credibility you would not need to waste time for discussions with me (and the others) :-). Your credibility (coming from the proper sequence of actions) would be answering for you...

That's true. Our whitepaper is in advanced phase and was planned to be released at ICO launch. However, when you engage in a large project, especially one that has timing restrictions on several front (such as the ICO scene - very time sensitive and with perplexing level of interrelations between projects. Take for instance HEAT NXT acceptance and Ardor holding incentive. How do they relate? Not always how you'd expect) then numerous things change constantly on your face and you have to improvise. Take irreversible choices & carry on no matter what.

There are optimal projects, and then there are projects that get done 

This sequence would be much better (for any project btw)

Whitepaper
Roadmap
Testnet, alpha client
ICO
Genesis block, livenet beta client

Whitepaper first is always good sign of something that was being worked on by someone for some time before marketing anything (ex. Satoshi, Vitalik)

No mention of lisk or iota there. Ardor, although different, looks to be following the same path (up).

Ok, thank you. So sending BTC from a Trezor should work just fine, correct?

But how exactly do you receive the Heat tokens? Do you have to sign a transaction? I assume the tokens won't be running on the Bitcoin Blockchain

Look at the big picture...WAVES, RISE, DAO...They are hardly trading above their ICO price...

I dont mean that HEAT will be unsuccessful, but again that my personal concern. Will wait for exchanges to buy...

When you send BTC to 1HEATQCfWJKPWb8612K2oGR7EE6XPqNYHj to reserve ICO stake, you need to make sure you'll have access to the sender Bitcoin address after the ICO. You'll have to authorize your receiving of the HEAT tokens through the cryptocurrency account you've used in the ICO.

Normally you're able to access the addresses through any of the standard BTC clients. Withdrawing from exchange to the HEAT ICO BTC address is NOT the way to go!

The same applies for the other cryptocurrencies too, except for those who have an email address carried as a payment message. We couldn't get BTC to support payment messages even through blockchain.info, so the address authentication will be a requirement.

Another alternative is to buy directly on C-Cex.

https://c-cex.com/?p=heat-btc

Quick Question: How can I invest in HEAT? I have BTC´s - do i send my BTC´s to the BTC Wallet adress that is shown on the http://heatledger.com/ico.htm Site ?

HOw i receive then the tokens?

How will the HEAT tokens be claimed when sending BTC directly to the ICO adress?

Thank you for elaborating!

Nice coin, I have a question, where can I buy FIMK? Only in Openledger?  

AFAIK, get the info from this link   https://coinmarketcap.com/currencies/fimkrypto/#charts

So, it's 25% inflation the first 4 years and then it will be 5% inflation per year?



Okay!

That's a misunderstanding - there'll only be 1.25M tokens per year released after the initial 4 years. That's 5% inflation on year 5, and declining from there quickly.

You see Dennis is just a simple coder who got carried away with some PR ambitions . I've pointed him back to his desk and will address the very relevant subjects soon. They require lengthy explanations and slapping links on your face while omitting the important parts is not the right way.
 

I'd be really grateful to hear an answer to tempus's first question as well, it seems critical

Okay, thanks! Pretty eager to learn more about that.

Thanks for the reply!

It's really not easy to understand. Maybe it's my fault but I have questions everywhere I look.

I'll try to explain my problem with a screenshot:




Clear is: "25 Million HEAT tokens (+ extra 5 Million, if fully reserved)" will be the initial total supply.

Blocktime will be 25 (seconds), but I have no clue what "stage changes" are.

What I can figure out: After 4 years there will be 25 Mio new Heat tokens which means 25% inflation per year - which is kind of high in my opinion. But I really don't understand this way of explaining the economical basics of a project.



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And to be honest: I'm kind of concerned if I ask 3 questions and the two most important ones are not answered. Maybe I sound a little bit over-critical but on first sight I really thought: Wow, this could be an interesting project - which is why I try to understand. But if I can't figure out the purpose of a token I also don't know why it should have value in future. And if I don't know if a project maybe will be illegal very soon or already is, it's even more concerning.

If you say that there are pending agreements with the EU about Fiat-implementation you already have a deep understanding of EU laws and you know what they plan. It's more than just possible that a project like this one will be illegal if there will be no technical implementations to take away all anonymity of the users. That's already hard for centralized exchanges but just for example: I know for bitcoin.de (german Bitcoin-exchange) that it's that way since years. All users need to go through a verification-process. I don't like it but the state potentially can know how much Fiat I use to buy Bitcoins (when, how many etc.) and if I withdraw it etc. I believe they will close all possible ways to go into or out of Crypto without them knowing pretty much about it - because but not just because they want their taxes.

And I really would like to see a decentralized exchange without that but I wouldn't know why to buy into an ICO if the token is not even needed to use it, and I still don't know. And I can't invest into a project if I need to think about the possibility that it will run into a lot of problems because of hard EU laws and will be illegal very soon - or already is illegal. I'm not very educated regarding laws but you absolutely need to be. And if it's true that there are pending agreements - you already are - and the other way around.

And, tbh: If I believe that you guys maybe not really know how and if you can make this legal but already saying you will even implement Fiat and that there are pending agreements about that - how can that be possible? What kind of lawyers do you have to believe the EU will say: "Sure, it absolutely needs a decentralized exchange to make it easier for the ppl to get their Fiat into Crypto and that even anon!"?