I was thinking of investing but looking at the current ICO status, will buy when it hit exchanges
Can you elaborate your reasoning? Too successful? 
Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 317. (Read 418460 times)
July 12, 2016, 05:51:44 AM
July 12, 2016, 05:50:21 AM
Can we have all of the above placed on a timescale, OR a road map, or anything that we can then use to verify your progress devs?
Yes, roadmap will be available after white paper is released.Quote
There's WAVES with equally impressive list of features that were supposed to be available at launch - guess what happend...
I don't think WAVES was nearly as far in development as HEAT is when they had their ICO. Probably still aren't, not sure about that. However for HEAT we already have most of the server core mechanism and supported features implemented. Then there'll be the middleware required for co-op gateways etc. The visible parts will be client side (the stuff you see on browser), for which we'll hire specialists after the ICO to help with..We're now working on getting a HEAT pre-alpha ICOCHAIN online. It was planned for initial launch but a production hd crashing in the last few hours forced the ICO to be launched in the old school way.
Quote from: tempus
1. The token
2. Fiat, Crypto and EU laws
These are excellent subjects we're paying high attention to, I will comment a bit later. 2. Fiat, Crypto and EU laws
July 12, 2016, 05:37:53 AM
RUNDOWN OF HEAT HIGHLIGHTS (some items repeated for clarity)
1. Technology to be used has been 5 man-years in the making
a. Written in enterprise friendly Java
b. Cryptography and p2p consensus code based on MIT licensed NXT
c. Networking layers and many features based on FIMK development
d. Architected with re-use for private chains
e. Optimized for speed and instant high frequency trading
f. Massively scalable through the use of not one single blockchain, but a chain of blockchains
g. Completely remade HTML5 client / downloadable / app
2. New memory mapped OS binary file sliced blockchain structure without db overhead
3. Splitting balance storage from transactions and blocks
4. Transaction throughput rate initially in the 1000 tps scale on legacy hardware
5. Unlimited scalability depending on node hardware: Boost rates of 10k+ tps on standard 4-core Linux server
6. 25-second blocks, instant tx confirmations through websockets and replication layer
7. Regular client startups are near instant since all that has to be loaded are the balance files (~1/10,000 the size of full blockchain)
8. High frequency trading enabling instant matching of 1k+ trades per second stable
9. 2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)
10. Distributed Services Architecture (blockchain software robots, Javascript and Java)
11. Thin client: Home users don't need to carry blockchain files but get rewarded to do so
12. Replication layer: Vendor independent replicated database integration for corporate full node operators
13. Remade, smarter networking protocol uses binary messages - on request basis only - between peers
14. Non-blocking asynchronous websocket connections over Netty (Facebook, Twitter) enables high number of peer connections
15. Offline smart vouchers (fully signed transactions that can be sent to the blockchain by anyone.)
16. PIN protected account access to local wallet.dat, with secret phrase brain wallet backup
17. Native A2A (asset to asset) custom tokens exchange with option for native non-gateway BTC price base
18. Multicurrency crypto client enabling non-gateway direct crypto transfer
19. Built-in non-gateway (direct real crypto) p2p exchange for client supported crypto
20. Custom tokens, private tokens, colored accounts and white label software cloning readiness
21. Multisig for FIAT currency tokens and several main target use cases:
a. Simply value adding feature for the crypto client user security
b. Facilitating implementation of p2p live crypto trading (asset exchange tokens auto match multisig real crypto)
c. Enabling crowdfunding security and direct intake of funds (also “real” gated EUR, USD that have multisig security)
d. Unique sales point: Multisig Fiat currency
22. Crowdfunding / IPO capabilities heavily emphasized:
a. Readily on-blockchain for DIY agile companies / geeks
b. Licensed fintech corporate partner for turnkey crowdfunding service
c. Cloned source / white label installation
23. Unique, private human defined identifiers (email account format)
24. Off-blockchain instant E2EE (end-to-end encrypted) P2P messaging
25. Decentralized web shops with instant EUR payments (/pricing in any token)
26. Major licensed corporate partners in crowdfunding, fiat currency token transfer and BTC exchange areas
27. ICO tokens reward stock options for startup company IPO shares at lower price later in 2016
28. ICO runs from July 11th 2016 through August 8th 2016. Currencies accepted: BTC, ETH, FIMK, NXT.
Can we have all of the above placed on a timescale, OR a road map, or anything that we can then use to verify your progress devs?
There's WAVES with equally impressive list of features that were supposed to be available at launch - guess what happend...
July 12, 2016, 05:25:52 AM
I was thinking of investing but looking at the current ICO status, will buy when it hit exchanges
July 12, 2016, 04:46:08 AM
3. The blockchain:
It's said: "2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)"
a) What exactly is "Proof-of-Presence" and what's it's practical purpose?
b) What will be the inflation rate?
It's said: "2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)"
a) What exactly is "Proof-of-Presence" and what's it's practical purpose?
b) What will be the inflation rate?
There was a post some time back that describes this.
https://bitcointalksearch.org/topic/m.15522831
As for the purpose.
It's an incentive to store otherwise not required archived transactions.
If you scroll to the bottom there is a mention on inflation rate.
http://heatledger.com/ico.htm
July 12, 2016, 04:37:42 AM
It's kind of hard to get an overview here, at least for me. I have a few questions, including a little "sorry" if they are already answered but I didn't recognize.
1. The token
What exactly is the purpose of the Heat token? For example: In Factom the token (Factoids) is the incentive (payment) to run the federated servers. On the other side: To use Factom as a system (let's say to record and timestamp transaction-data), Factoids are converted into Entry Credits and "burned" through that process.
That design gives the token a real value, and the market cap will reflect the value of the system, because the more the system is used the more Factoids are burned.
Is there something similar in Heat? At the moment it seems to me as if it will be possible to use Heat as Crypto-exchange for let's say a "BTC - ETH - pair" without a need for the token?
2. Fiat, Crypto and EU laws
In the Ann it's said "HEAT Ledger Ltd has joint venture agreements in place with EU wide money transmitter license pending, making the prospect of transferring real fiat money in a cryptographic ledger a reality. One of the first, if not THE first - but certainly the first multi-sig fiat!"
To include Fiat is indeed a very interesting point. But how safe is it that it will happen? Some days ago I've read a german article about new regulatory pressure in the EU, mainly to prevent money laundering (also terror-financing). It's said that those new Cryptocurrency rules are harder than in New York, and the author of that article even expresses his concern that the EU will nearly become a No-go-area for Crypto-startups.
For those who understand german:
"Virtuelle Währungen sollen EU-weit reguliert werden. Weil es alle Arten von Wallets treffen kann, droht die EU zur No-Go-Area für Bitcoin-Startups zu werden"
https://bitcoinblog.de/2016/07/06/virtuelle-waehrungen-sollen-eu-weit-reguliert-werden-weil-es-alle-arten-von-wallets-treffen-kann-droht-die-eu-zur-no-go-area-fuer-bitcoin-startups-zu-werden/
English article about the issue:
"The Plan contains many initiatives to tighten anti-money laundering (AML) and know-your-customer (KYC) laws, by the end of this year, and includes two separate sections that would affect cryptocurrencies, which they refer to as “virtual currencies.” The larger section targets terrorism funding directly, while the smaller is specifically about pre-paid debit cards, which several bitcoin companies now offer.
“The Commission proposes to bring virtual currency exchange platforms and custodian wallet providers under the scope of the Anti-Money Laundering Directive,” the Plan states. “These entities will have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges.”
http://bravenewcoin.com/news/the-european-commissions-divide-over-cryptocurrency-regulation-grows-wider/
My question is: How sure the Heat team can be to find a way through this obviously hard regulations, not just as a decentralized Crypto exchange but even for Fiat? For me it looks as if this project needs to implement a "know-your-customer-system" to have chances in the EU?
3. The blockchain:
It's said: "2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)"
a) What exactly is "Proof-of-Presence" and what's it's practical purpose?
b) What will the inflation rate be?
1. The token
What exactly is the purpose of the Heat token? For example: In Factom the token (Factoids) is the incentive (payment) to run the federated servers. On the other side: To use Factom as a system (let's say to record and timestamp transaction-data), Factoids are converted into Entry Credits and "burned" through that process.
That design gives the token a real value, and the market cap will reflect the value of the system, because the more the system is used the more Factoids are burned.
Is there something similar in Heat? At the moment it seems to me as if it will be possible to use Heat as Crypto-exchange for let's say a "BTC - ETH - pair" without a need for the token?
2. Fiat, Crypto and EU laws
In the Ann it's said "HEAT Ledger Ltd has joint venture agreements in place with EU wide money transmitter license pending, making the prospect of transferring real fiat money in a cryptographic ledger a reality. One of the first, if not THE first - but certainly the first multi-sig fiat!"
To include Fiat is indeed a very interesting point. But how safe is it that it will happen? Some days ago I've read a german article about new regulatory pressure in the EU, mainly to prevent money laundering (also terror-financing). It's said that those new Cryptocurrency rules are harder than in New York, and the author of that article even expresses his concern that the EU will nearly become a No-go-area for Crypto-startups.
For those who understand german:
"Virtuelle Währungen sollen EU-weit reguliert werden. Weil es alle Arten von Wallets treffen kann, droht die EU zur No-Go-Area für Bitcoin-Startups zu werden"
https://bitcoinblog.de/2016/07/06/virtuelle-waehrungen-sollen-eu-weit-reguliert-werden-weil-es-alle-arten-von-wallets-treffen-kann-droht-die-eu-zur-no-go-area-fuer-bitcoin-startups-zu-werden/
English article about the issue:
"The Plan contains many initiatives to tighten anti-money laundering (AML) and know-your-customer (KYC) laws, by the end of this year, and includes two separate sections that would affect cryptocurrencies, which they refer to as “virtual currencies.” The larger section targets terrorism funding directly, while the smaller is specifically about pre-paid debit cards, which several bitcoin companies now offer.
“The Commission proposes to bring virtual currency exchange platforms and custodian wallet providers under the scope of the Anti-Money Laundering Directive,” the Plan states. “These entities will have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges.”
http://bravenewcoin.com/news/the-european-commissions-divide-over-cryptocurrency-regulation-grows-wider/
My question is: How sure the Heat team can be to find a way through this obviously hard regulations, not just as a decentralized Crypto exchange but even for Fiat? For me it looks as if this project needs to implement a "know-your-customer-system" to have chances in the EU?
3. The blockchain:
It's said: "2-tier reward structure: Proof-Of-Stake and Proof-Of-Presence (Online storage of blockchain slice files)"
a) What exactly is "Proof-of-Presence" and what's it's practical purpose?
b) What will the inflation rate be?
July 12, 2016, 04:31:24 AM
There are no signature bounties ? also site says you guys are hiring but what skills set in particular ?
We seek developers with the following skills
- Java
- Scala
- Play! Framework
- MySQL
- DEVops Chef (but switching to Docker is an option)
- Gradle
- JUnit
- TypeScript
- Angular (2)
- Angular Material
- Gulp
- DEB/RPM packages (creation of)
- Building massively scalable server backends consisting of an auto-resizing cluster of app servers driven by a load balancer
- IPhone app devs
- Android app devs
The other categories (non-dev) I'm sure Svante will add
July 12, 2016, 03:44:48 AM
There are no signature bounties ? also site says you guys are hiring but what skills set in particular ?
July 12, 2016, 03:44:09 AM
sure looks like an interesting concept
Can't agree more
It seems interesting, I will keep watching
Thanks.
Why do you guys keep ICO? Why not enhance the existing platform? They nearly function the same but the difference is just the technical side. You could try to incorporate into them, like what NXT dev team is doing. It is wasting of the resource, money and homan power etc.
What existing platform?
Great. I'll be watching this thread. Interesting project people
Thank you.
I am also in slack. My user name on supernet slack is Dirk
July 12, 2016, 03:38:51 AM
Are you Finnish? 
What is your company(HEAT Ledger Ltd) address in Finland?
You should list more personal info like FB, LinkedIn, so people can trust you more, investing on ICO means investing devs, honest and competent devs.
What is your company(HEAT Ledger Ltd) address in Finland?
You should list more personal info like FB, LinkedIn, so people can trust you more, investing on ICO means investing devs, honest and competent devs.
Hi,
Svante Lehtinen is from Finland.
Dennis de Klerk is from Holland.
Company details and our mug-shots are on the website http://heatledger.com.
I don't do facebook, linked-in, twitter (like my privacy) but will likely have to at least give in to that now for business purposes.
Can't speak for Svante on that, I'm sure he'll explain himself.
Thanks
July 12, 2016, 03:37:17 AM
Is the price fixed,
When will be the end of Stage 1?
??
when the inventory of each stage runs out, it advances to the next stage.When will be the end of Stage 1?
??BTC is still at stage one, and I assume so is ETH, the rest are stage 2 or 3
You are connected to this project?
July 12, 2016, 03:22:42 AM
Please pay close attention to twitter and Facebook grant rewards? Bitcointalk account signature have rewards?
July 12, 2016, 03:19:57 AM
Is the price fixed,
When will be the end of Stage 1???
when the inventory of each stage runs out, it advances to the next stage.When will be the end of Stage 1?
??BTC is still at stage one, and I assume so is ETH, the rest are stage 2 or 3
You are connected to this project?
July 12, 2016, 02:28:50 AM
Is the price fixed,
When will be the end of Stage 1???
when the inventory of each stage runs out, it advances to the next stage.When will be the end of Stage 1?
??BTC is still at stage one, and I assume so is ETH, the rest are stage 2 or 3
July 12, 2016, 02:15:58 AM
Is the price fixed,
When will be the end of Stage 1???
When will be the end of Stage 1?
?? July 12, 2016, 01:27:28 AM
Are you Finnish?
What is your company(HEAT Ledger Ltd) address in Finland?
You should list more personal info like FB, LinkedIn, so people can trust you more, investing on ICO means investing devs, honest and competent devs.
What is your company(HEAT Ledger Ltd) address in Finland?
You should list more personal info like FB, LinkedIn, so people can trust you more, investing on ICO means investing devs, honest and competent devs.
July 12, 2016, 12:03:39 AM
It seems interesting, I will keep watching
July 11, 2016, 11:06:15 PM
Why do you guys keep ICO? Why not enhance the existing platform? They nearly function the same but the difference is just the technical side. You could try to incorporate into them, like what NXT dev team is doing. It is wasting of the resource, money and homan power etc.
July 11, 2016, 06:08:24 PM
Question guys
Maybe someone can help
I sent BTC to ico.openledger with "HEAT" in the memo, Does anyone know when or how i will receive the HEAT and when it will be available to trade on OpenLedger?
Not sure if im missing something?
Maybe someone can help
I sent BTC to ico.openledger with "HEAT" in the memo, Does anyone know when or how i will receive the HEAT and when it will be available to trade on OpenLedger?
Not sure if im missing something?
I can't give you an exact time, but once CCEDK processes the deposit, they will transfer you their HEAT token to your OpenLedger account. Once you receive, you can start trading.
July 11, 2016, 06:05:09 PM
Question guys
Maybe someone can help
I sent BTC to ico.openledger with "HEAT" in the memo, Does anyone know when or how i will receive the HEAT and when it will be available to trade on OpenLedger?
Not sure if im missing something?
Maybe someone can help
I sent BTC to ico.openledger with "HEAT" in the memo, Does anyone know when or how i will receive the HEAT and when it will be available to trade on OpenLedger?
Not sure if im missing something?
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