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Author Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*  (Read 418167 times)
rnr
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December 28, 2016, 11:48:58 AM
 #2061

@LiskEnterprise: Would you please stop to make a blank line between every sentence? Hard to read in that way, thanks!

@Qiuyue201: Luckily nobody gets forced to read your red bold bullshit! Same counts for @StewieG. Both of you should grown up and gain some respect. Thanks for the ignore list, bye!
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December 28, 2016, 12:13:19 PM
Last edit: December 28, 2016, 12:31:55 PM by idolacchacked
 #2062

again  long long post by the Dev ...

but still don't say jack shit ...

a simple answer would have been enough but go on and on and say nothing takes some serious skill

why not just give simple accounting of the funds?

or just here is where we are and this is where its going?

you don't get points for length of your post... just simple answer that's all your investors(suckers) want  

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December 28, 2016, 01:39:10 PM
 #2063

IT WAS VERY CLOSE TO 1 MILLION DOLLARS.
"It" was? Which was, theoretical value at the time of ICO closing?

Very close to 1 million. Do you mean the $600k - $700 theoretical value excluding illiquid FIMK at ICO close, or the then future $800k theoretical rate of your calculation from yesterday, or something else? Very close is vague indeed, but never <80%

Quote
total $809,439 USD received in the ICO
Thanks for the updated calculation, however did you consider the following -

How come do you calculate "Received in the ICO" in August at today's rate?

Did you account for the funds we've had to burn before the ICO, during the ICO and after ICO to run the business?

Did you consider Bitcoin's value during August - October when we liquidated a large part for EUR on our bank account?

Did you notice the ~140 BTC locked in Alcurex and C-CEX until genesis?

Did you account for the fact we have to spread our liquidation of the full amounts to a minimum of 6-12 months rather than any single point in time?

Did you take note of the taxes we have to pay for every $ increase in Bitcoin's value as compared to the time we received the BTC?

I guess not. If you had, you'd see there is no constant valuation that could be calculated at any particular point in time until retrospectively. You'd also know that for every cent of crypto we take out to the realm of fiat - at value that's fuzzy until that point - there's a combined bureaucracy cost of +50% to +100% on top of the amount usable at hand.

Taxes on seed capital? Are you joking?
Crowdfunding is taxed in Finland. Seed investment isn't directly until you use it - then it is through the capital gains from crypto and realization of EUR value when you use the money. We've put high effort in optimizing the seed funding accounting tax consequences, however the results can't be certain until taxes for 2016 are concluded in approx. 1 year from now.

Quote
can you hire some developers and marketing communications people?

In progress since November. Hiring qualified staff doesn't happen like a snap in this country and for this tech!

Quote
Those guys are done in crypto
Your warnings to future investors in bold red are no doubt with good intentions, but you'll be in for a surprise. It's astounding how little attention infantile trolling on past pages of a crypto geek playground receives from the fintech business circles, which is Heat Ledger's main audience. Which is indeed the vehicle to the long term appreciation of the HEAT token's value instead of the standard ~300-500 speculators pump and dump games on Poloniex.


Hold on. You are telling me that if you use all your raised capital on business expenses you can't write off corporate taxes in Finland?  You have to pay tax before expenses?? How the hell could any company survive this?

Or are you saying you are paying yourselves nice salaries and have personal income tax requirements?
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December 28, 2016, 02:06:15 PM
 #2064

...
Thx for clearing that up Eliphaz!
yhlsqj
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December 28, 2016, 02:18:31 PM
 #2065

Damn, even Finnish is also a scammer, never listed on big exchanges, like I thought before, this shit scam would never list on big exchanges, it is second fimk, which was shit scam too, never listed on big exchanges, you guys invested in the project which devs have bad record? The money is gone, sorry

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durerus
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December 28, 2016, 02:31:35 PM
 #2066

Damn, even Finnish is also a scammer, never listed on big exchanges, like I thought before, this shit scam would never list on big exchanges, it is second fimk, which was shit scam too, never listed on big exchanges, you guys invested in the project which devs have bad record? The money is gone, sorry
Calm down, bro. This is Finnish, but not the end.
findscam
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December 28, 2016, 02:38:19 PM
 #2067

BTC: 608.45 (stage 2)
ETH: 16,124.99 (stage 2)
FIMK: 255,621,021 (stage 4)
NXT: 6,220,425 (stage 2)
ETC 16,124
ARDR 6,220,425

-------------------------------
BTC 608 x 935 = $568,480

ETH 16,124 x $7 = $112,868

NXT 6,220,425 x .006c = $37,322

ETC 16,124 x $1 = $16,124
 
ARDR 6,220,425 x .012c = $74,645

total $809,439 USD received in the ICO

Now you know you have twice the money you thought you had can you hire some developers and marketing communications people?
PS IT WAS VERY CLOSE TO 1 MILLION DOLLARS.


"The amount definitely was nowhere near $1 million dollars worth of crypto. The amount is difficult to calculate because of high volatility and oftentimes lacking liquidity as in the case of FIMK. Using current, realized rates the amount raised in the first funding round of Heat Ledger Ltd lands somewhere between $300k and $400k"

This is so genius, they don't even know how much money they have! xD
Guys consider your money gone!!

And here is the fix for all the guys that had nothing to say but "Hey look he mispelled something" instead of giving a little bit more significant input to the whole situation(yeah consider your money gone too), here you go...


One of the biggest scam, just ranked no.2, no.1 is 1700 btc vapor power risecoin, no.2: heat.

Eliphaz Fimk
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December 28, 2016, 02:45:01 PM
 #2068

if you use all your raised capital on business expenses you can't write off corporate taxes in Finland?
I don't see why or how we would use all our raised capital on business expenses during the first or any financial term. Sounds impossible and stupid. HEAT is not a finanically inefficient socialist community where you've got to spend all your funds before the year is over, to get a new grant from government or whatnot. We're business and need to do sound financial planning. Rather than trying to find holes to burn investor capital to, we do the opposite of aiming for lower burn rates and use capital only where necessary.

Quote
You have to pay tax before expenses??
Yes indeed that's the case on some classes of expenses as unbelievable as it is, however the bulk of the load in business expenses comes from 24% VAT on all services rendered by us, or those we contract work / services from, and the 30% to 50% expenses they have to pay to be able to spend the money we pay for their services. In high bureaucracy cost environment you only have to chain a couple of operators to see the bulk of the money gone to the state, well that's unfortunately the case in most western countries anyway these days although a few % points can make a big difference in many circumstances.

Additionally, we pay capital gains tax on all profits incurred by rise in BTC value between the time it was obtained and the time it was sold / used, without the possibility to deduct similar losses in capital gains.

That's not nearly all. Running business and even being aware of all the multiple aspects involved in accounting, budgeting etc. actually isn't the investors' business nor is it possible to teach the investors all the particularities. It's our business which we do as well as we can, with financial professionals using their knowledge to take care of the details.

Quote
How the hell could any company survive this?
You've got to practice financial prowess - which we do - and then in fresh regulatory environments such as cryptocurrency legislation you can benefit greatly when compared to the old school business. That's why we set up shop over here instead of striving for environments that may have an impression of lower tax % etc.

Quote
Or are you saying you are paying yourselves nice salaries and have personal income tax requirements?
Expenses on salaries are high, not only the tax. Yes we of course do pay salaries and compensations from seed funds as required.

         
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mr.coinzy
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December 28, 2016, 03:15:49 PM
 #2069

How stupid it was on my part to invest in this very sad sad project.
It feels like one very big incompetency (to say the least).
The more time passes it becomes more and more worrying instead of giving some kind of assurance (backed by real proofs) that the money was invested in something that actually has a chance to rise somewhere...
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December 28, 2016, 03:31:05 PM
 #2070

Okay.
So basically you're saying that code is ready and you're merely testing it so you won't release a buggy product.
Why do you not include the community in the testing?
You could update the alpha that is accessible to every participant of the ICO and get bug reports and higher usage of your testnet.
Secondly, the investors could verify for themselves at what stage the project currently is.
Thirdly, future investors could already have a glimpse at the technology they will be investing in.
Sounds like a win-win situation for everyone, so how about it?

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December 28, 2016, 04:13:52 PM
 #2071

again long long post with out saying anything

give accounting of the funds and how its was or is being spent

SIMPLE SOLUTION


for the ppl who bought on ccex we can all ask the admin to set buy wall with ico fund they are holding
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December 28, 2016, 04:46:54 PM
 #2072

This is great again. He makes a big post that answers none of our questions! He also seems to ignore me. Remember I will post the scumbag image of you two until you address my issues. I too invested in this shitcoin and have the right to get an answer from you!

So now we know what is going on... You 2 pay your salaries from the investor funds.... This is especially great as you are too retarded to know how much money you even have. You point a whole list of did you consider this and did you consider that. Did you consider any of the things? Have YOU made the calculation on how much YOU have??? So here is another question I demand an answer: How high is the salary of you 2? You should be able to answer that, are you?

Also why don't you say anything about a release date? It was stated in November? Don't you get it? We are waiting!!! When is the fucking releasedate?!

Also my question from before. What have you done the whole time? Yes YOU the other guy, the one that is not coding! Show us what you have done, show us your "work"!

Also I want cryptographic proof of the funds! I want to see that you still have the funds! Proof it or we all know that you don't have them anymore or you exchanged them into cash and are on the run now!

If you have any braincell left you would address my issues to get this over with! Other possibility is you ARE A SCAM and are trying to get time!

Proof how much you have left and then pay your investors the funds back!

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December 28, 2016, 04:55:43 PM
 #2073

i want to know too whats going on here, about possible release dates, about transparency of funds and dev process in total.
this is crypto it should be totally easy to see those things and its possible to show how much money is used so far and how much still left.
one week the mood here is very good another week very bad mood, the investors need transparency and need to be more part of heat project.



If they don't answer my questions in a satisfying was soon, this thing is done! I will put them on every scam list out there and this will be the total end of it. After that investors will go the legal way to get their funds back!

Edit: I forgot again...
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December 28, 2016, 05:05:08 PM
 #2074

Stewie youre not constructive in any way. Many people are asking reasonable questions. You on the other hand are just demanding and insulting. Stop. Please. We are all in a similar situation here.

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December 28, 2016, 05:33:58 PM
 #2075

Stewie youre not constructive in any way. Many people are asking reasonable questions. You on the other hand are just demanding and insulting. Stop. Please. We are all in a similar situation here.

He is born as an absolute twat, he can't turn that off.
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December 28, 2016, 05:47:47 PM
 #2076



Looking forward to see your founds?


http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fyle.fi%2Faihe%2Fartikkeli%2F2010%2F09%2F06%2Fkasikirjoitus-0


Svante Lehtinen have indebtedness under control.

 "The prospect is that all debt to pay off, pretty soon."
StewieG
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December 28, 2016, 05:48:00 PM
 #2077

Stewie youre not constructive in any way. Many people are asking reasonable questions. You on the other hand are just demanding and insulting. Stop. Please. We are all in a similar situation here.

He is born as an absolute twat, he can't turn that off.
Just had a little look at your post history, looks like we're in the same boat jackass. Or can you show me one post of yours that seems even in the slightest way constructive? I am still waiting bitch!

At least I am asking questions(look at my post above ) and I think they are reasonable. You can present your argument why they are not reasonable now. If you do not, maybe it is time to stfu!

Or I almost forgot again...
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December 28, 2016, 05:53:19 PM
 #2078

Stewie youre not constructive in any way. Many people are asking reasonable questions. You on the other hand are just demanding and insulting. Stop. Please. We are all in a similar situation here.
When they answer my questions, I will stfu. Don't piss on my leg, instead tell them to answer my questions, those are reasonable questions and not too hard to answer. Or does he need to look up how mucch his salary is??! Ignoring me will not make me leave!
Damn I forgot again...
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December 28, 2016, 07:01:22 PM
 #2079



Looking forward to see your founds?


http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Fyle.fi%2Faihe%2Fartikkeli%2F2010%2F09%2F06%2Fkasikirjoitus-0


Svante Lehtinen have indebtedness under control.

 "The prospect is that all debt to pay off, pretty soon."

Can you provide more info? The translation is complete shit.


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December 28, 2016, 07:22:50 PM
 #2080

When will the tech be ready,
THAT IS ALL WE CARE ABOUT !!!
GIVE US A DATE!
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