I do have criticism regarding past and current state of things and i make my opinion known.
What is your criticism?
Thanks
To name a few:
- To begin with there was/is a very substantial discrepancy between what was conveyed very clearly prior to the ico and what was/is the real state of things de facto. Dev state lagged and lags behind greatly and release of the project suffered great delays despite clear indications to the contrary before they collected funds (yes, they knew their status beforehand and could have given correct honest estimations regarding their state of progress and readiness).
- Despite having more time than described as needed when they raised funds, they still released a completely broken product in which all the promised features are either missing still or just do not work. It is important to mention that even this late release was forced on them, otherwise they would probably be delaying this for an undefined period time.
- Despite delays and ambiguity which cause some unrest and doubt with investors, the heat team did not keep good communication with their investors and community and even kept a condescending righteous attitude. They chose to avoid answering questions they did not like regardless of their significance to their investors.
- This is supposed to be a decentralized project yet it is currently very much centralized.
- Commitments that are of fundamental and critical importance to investors where compromised or intended to be compromised from the side of the heat team. You can see several occasions for this (trying to avoid distributing coins that are due to investors who paid for them is a prominent example for such breech of agreement).
This is just a partial description of a very faulty negligent and suspicious behavior from the part of this project. I can honestly tell you that if this was known beforehand I would never have invested in this (as I am sure would be the case for many of the other investors).
Every person who sent funds to the project gave them his trust (along with his money). So far they have proven to be unworthy of such trust. They seem to lack the fundamental respect and humility when dealing with their investors, their funds, and the community involved.
I can assure you that the feelings I convey are not exclusive only to me, but are felt by many of the others who invested.
on a final note: It is true that StewieG behaves in a trollish manor on occasions , that probably helps to ignore him or dismiss what he says, but you should know to see the important details despite the circus he created. He did raise some valid questions and points along the way (some of which where also raised by me and where mostly unaddressed).
Man what a fail posting.
No one need an idiot like some trolls to know what's going on. Or you are an idiot. So here we are.
Heat posted a list they want to integrate into a blockchain in July 2016. They raised money because people wanted that product. Full stop.
There was a delay. It's still ongoing. But the product will be long mot ready.
Were you thinking they are going to throw you the heat block chain ready infront of your shoes? Its deeeeevvvveeeelllloooopppmmment. Otherwise they would not raise money, they would just sell it.
The language and logic you chose to use here suggests me that you do struggle from some sort of mental disability, or just bad manors and foul personality, and i feel sorry for your condition.
I guess it is easier to label someone with trolling than trying to be an intelligent free thinking person.
This investment is far from my first and I know perfectly well how development works in this and other spheres. Trying to use this excuse time and time again to avoid accountability is a very weak attempt at best.
It strikes me that some people here (including such as yourself) are pretty much terrified from any words that might help create a bad image for this project, this probably comes from fear that it will damage their investment. This is also the reason they throw praise where praise is not due and try to silence those who find faults in the way this project is run and maintained.
They raised money under several false pretenses, otherwise if they where honest about the real state of things they would collect very little.
They knew perfectly well they are giving a false picture to encourage people to invest.
They had a very distinct inclination to brake previous (legally binding) commitments that where made when they made the ico to collect funds.
If all these points and more seem reasonable to you and acceptable, it is your right (some people are masochistic in nature), but is it also my right to demand answers and accountability when my money rests in the hands of those who currently do not deserve to keep it.
Have a safe and sound day in your padded room my friend.
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.
Yes there were delays but at the end heat is working to fulfill these points. Yes there is development going on and a lot of these points are already realized, developed and published.
Tell me what points you think are not included. I will tell you they are working on it.
before the release of the wallet you could say: we dont know whats going on. bad communication and no product. now the wallet is out here. you can check everything, if this is a scam or not. just because you didnt get rich now, is not a valid point of attacking heat, they did not promised that.Talking with trolls (intelligent free thinking person) is useless. they will always win. I will show you 1000s of examples here in the bitcointalk.org forum if you want. Its common sense in the whole world, not just in forums. you know why? think about it. otherwise you dont understand how communication is working. you want to tell me, that 1000s of blogs or newspapers are investing huge amount of money to prevent from being spammed by trolls ((intelligent free thinking person). But your answer is, lets talk to them because they have a valid point? So humankind have no solution but ignoring or blocking trolls (intelligent free thinking person), but you have a better idea, like lets them talk and talk to them back, because its working. wow, huge ego.
as a community member ask yourself what you can do for heat and not demanding that heat is going to make you rich. attacking them is useless loss of energy, because they are doing what they listed on their list.
Take your time team.
