[ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*

[Jimmi Andersen]

We are aiming for extremely low transaction fees, as low as possible basically.
But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.

But if the market cap increase 100x then the transaction fee will be 100 times as expensive. If the fee is not a problem after having increased 10000 % then it was probably too low in the beginning for people to secure the network. NXT has a low fee now but the hard coded fee is 1 NXT, and if the market cap ever reaches 1 billion then the fee for every transaction will be $1. It will probably never reach a market cap of 10 billion because people wouldn't be willing to pay $10 for every transaction. An optimal Heat Ledger fee now will probably not be an optimal fee a few years from now. Why not do something else like letting the users decide what the most optimal fee will be? A kind of voting/consensus mechanism. To me that seems to be much better than having to change the code of the protocol when the fee in dollar terms becomes too high or too low.

[MoveCrypto]

The whitepaper is very nice, and the devs seem very professional and technical.

However, one thing that concerns me, is I don't see actual code on github anywhere.

Why don't you open-source it, so we can see what you're working on?

[riceberry]

HEAT will likely be 10x price of ICO when launched...

[riceberry]

We are aiming for extremely low transaction fees, as low as possible basically.
But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.

But if the market cap increase 100x then the transaction fee will be 100 times as expensive. If the fee is not a problem after having increased 10000 % then it was probably too low in the beginning for people to secure the network. NXT has a low fee now but the hard coded fee is 1 NXT, and if the market cap ever reaches 1 billion then the fee for every transaction will be $1. It will probably never reach a market cap of 10 billion because people wouldn't be willing to pay $10 for every transaction. An optimal Heat Ledger fee now will probably not be an optimal fee a few years from now. Why not do something else like letting the users decide what the most optimal fee will be? A kind of voting/consensus mechanism. To me that seems to be much better than having to change the code of the protocol when the fee in dollar terms becomes too high or too low.

Voting seems reasonable. Will there be voting enabled in the first wallet?

Or it could be a % of transaction. A fixed fee will likely become too expensive when price rises.

[Jimmi Andersen]

We are aiming for extremely low transaction fees, as low as possible basically.
But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.

But if the market cap increase 100x then the transaction fee will be 100 times as expensive. If the fee is not a problem after having increased 10000 % then it was probably too low in the beginning for people to secure the network. NXT has a low fee now but the hard coded fee is 1 NXT, and if the market cap ever reaches 1 billion then the fee for every transaction will be $1. It will probably never reach a market cap of 10 billion because people wouldn't be willing to pay $10 for every transaction. An optimal Heat Ledger fee now will probably not be an optimal fee a few years from now. Why not do something else like letting the users decide what the most optimal fee will be? A kind of voting/consensus mechanism. To me that seems to be much better than having to change the code of the protocol when the fee in dollar terms becomes too high or too low.

Voting seems reasonable. Will there be voting enabled in the first wallet?

Or it could be a % of transaction. A fixed fee will likely become too expensive when price rises.

Yes. A fixed fee for something as dynamic as the price of a cryptocurrency doesn't make sense. A fixed percentage would mean that it can become very expensive to transfer large amounts. Voting would probably be better. Or maybe something like in bitcoin where each miner can decide how much they want for confirming a transaction, and where people can decide how much they are willing to pay. I don't know if that could be implemented in a system like HEAT ledger but a fixed fee sucks. The fixed fee is one reason that I have zero interest in NXT. Having to change the code just to change the fee sucks. I'm not sure how large a transaction fee people are willing to pay, but with a currency like NXT it will never reach a billion dollars unless people are willing to pay $1(unless the code is changed). A billion is not really a currency. It's not even the size of a mid cap company.

[laugh2btc]

HEAT will likely be 10x price of ICO when launched...

You are supposed to wait until funding has closed before you say things like this.  Now is the time to spread fear, uncertainty, and doubt:


Public Warning:


We've spent the past few days researching and investigating the two individuals behind Heat, with some colleagues in Finland. We came across some shattering information that will be detrimental if not fatal to the Heat project.

We are forwarding all the findings to the police authorities in Finland and to Interpol.

We advise everyone to request refunds for your investments in this ICO to avoid having funds frozen by the authorities.

proof or it never happened !

[Kazadar]

proof or it never happened !

He pretty much said so himself. He is just trying to stop more people from buying HEAT.

You are supposed to wait until funding has closed before you say things like this.  Now is the time to spread fear, uncertainty, and doubt:

But the way he is doing it is bordering on being illegal in some countries.

[tempus]

proof or it never happened !

He pretty much said so himself. He is just trying to stop more people from buying HEAT.

You are supposed to wait until funding has closed before you say things like this.  Now is the time to spread fear, uncertainty, and doubt:

But the way he is doing it is bordering on being illegal in some countries.

A look into his Post-history is enough to see that nothing seems to be really serious. Yesterday he wrote "Hype-Posts" like this:

There is no hype, which is a very good sign for an ICO.

Not if I have anything to say about it:

Heat $5 on Poloniex


I would post a picture of a lambo, but this is a newbie account, so the picture would just be a link instead of taking up your whole screen

Seems to be a clown.

[lovely89]

proof or it never happened !

He pretty much said so himself. He is just trying to stop more people from buying HEAT.

You are supposed to wait until funding has closed before you say things like this.  Now is the time to spread fear, uncertainty, and doubt:

But the way he is doing it is bordering on being illegal in some countries.

A look into his Post-history is enough to see that nothing seems to be really serious. Yesterday he wrote "Hype-Posts" like this:

There is no hype, which is a very good sign for an ICO.

Not if I have anything to say about it:

Heat $5 on Poloniex


I would post a picture of a lambo, but this is a newbie account, so the picture would just be a link instead of taking up your whole screen

Seems to be a clown.

Lol! Pumping and FUDing in the same thread. Talk about Dissociative identity disorder.

[tobsnn]

HEAT will likely be 10x price of ICO when launched...

Hmmhm, yeah, like they all did x10 to x50 looking at all these unfundamental fund overloaded ICO's nowadays

The last time I was tricked on someone like you was when I lost almost 60% of my ICO invested money while big big dump right after ICO had been closed to trade.

Look at the ANNs of Waves, DAO, Rise with fancy lambos and x30 predictions all over every page. Really nothing of these nonsense happened. All been rekt and lost painful amounts of their money which they put in under tremendous risk and by loosing parts of their free lifetime. So pls be serious guys, help the project by sharing your technical ideas and improvements.

[kimziv]

how will the unsold coins be handled ?

[riceberry]

how will the unsold coins be handled ?

Distributed to ICO buyers I believe.

[kimziv]

how will the unsold coins be handled ?

Distributed to ICO buyers I believe.

i hope so

[Kazadar]

how will the unsold coins be handled ?

Distributed to ICO buyers I believe.

i hope so

I am pretty sure the devs have confirmed that any unsold coins will be split among the ICO buyers.

[Kazadar]

how will the unsold coins be handled ?

Distributed to ICO buyers I believe.

i hope so

I am pretty sure the devs have confirmed that any unsold coins will be split among the ICO buyers.

äh

u buy a stake at this moment that stake doesnt say how many coins u get (till now).


example if they are 30 mio coins ..5 mio keep for dev and 25mio will be splitted to for example 100 stakes (maximum 100 stakes)
if they are only 40 stakes are sold, those 40 stakes are standing for 25mio coins! and will be splitted to the amounts of stakes who investors already bougth.

correct me if im wrong.. but this is how it normaly going.

Here unlike most ICO you do know the minimum amount of tokens you will get.
But yes is only 12.5m tokens are sold everyone would get double the amount they paid for.

I dont think the devs will keep 5m tokens. I dont think they will be created unless the 25m is sold but I am not 100% sure.

[riceberry]

how will the unsold coins be handled ?

Distributed to ICO buyers I believe.

i hope so

I am pretty sure the devs have confirmed that any unsold coins will be split among the ICO buyers.

äh

u buy a stake at this moment that stake doesnt say how many coins u get (till now).


example if they are 30 mio coins ..5 mio keep for dev and 25mio will be splitted to for example 100 stakes (maximum 100 stakes)
if they are only 40 stakes are sold, those 40 stakes are standing for 25mio coins! and will be splitted to the amounts of stakes who investors already bougth.

correct me if im wrong.. but this is how it normaly going.

Here unlike most ICO you do know the minimum amount of tokens you will get.
But yes is only 12.5m tokens are sold everyone would get double the amount they paid for.

I dont think the devs will keep 5m tokens. I dont think they will be created unless the 25m is sold but I am not 100% sure.

"If all 25 Million tokens are reserved prior to ICO end date, an additional stack of up to 5 Million HEAT can be released at the HEAT Team's discretion at various outlets, for a price of approx. 0.00025 BTC each." So they will only release the 5 million if all 25 million is sold.

[UgOs]

Dev said we will rcv more heat if token not sold out.

[Acura3600]

I have bought via c-cex - do i receive also extra token if this happens ?

[Kazadar]

I have bought via c-cex - do i receive also extra token if this happens ?

Yes, everyone will.

[MartiniBlanco]

It said i receive a 0.5% rebate when i invest in the ICO when i sign up.
I'm going to buy Heat on C-Cex. How does the rebate apply on the exchange?

The rebate is applied during or shortly after the process of claiming your HEAT tokens. You'll need to confirm your email address through a link which is integrated to the HEAT distribution process, or in case of 3rd party escrow arranged in another way of proving you have access to your HEAT stake.

Depending on whether the full 25 Million distribution is reserved or not, and possibly some other technicalities, the rebate may be in a form of extra HEAT or alternatively cashback to your original crypto account. We'll be sure to let you know without any unclarity.

Ok. That helps. Thank You.

Are there other rebate/discounts available in any form?