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

[spendawgs]

Are HEAT and openledger affiliated?

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[LiskEnterprise]

Can heat include SNARK Parameters Securely?

or apply the core of the Zcash security anonymity protocols?

This would be the icing on the cake..

Or with the close relationship of the Heat team with Supernet can it piggyback on Komodo which offers SNARK and also Dpow.

So tags onto the BTC blockchain.

Heat promotes itself as a speed demon so with these added features as long as it does not effect speed would be nice as plugin or set up on the first child chain.

[metropolia]

Are HEAT and openledger affiliated?

Yeah, maybe so, but that is a small exchange, and heat's vision is to kill centralized exchanges.

[LiskEnterprise]

Are HEAT and openledger affiliated?

Yeah, maybe so, but that is a small exchange, and heat's vision is to kill centralized exchanges.

OpenLedger is decentralized from BTS

But it is not easy to understand and not user friendly.

Of course these exchanges decentralized can look complicated as anyone can make a coin or an asset.

So the page itself needs to have nice explanations and instructions. help notes etc.

[spendawgs]

Yes exactly. The number one reason people arent getting into crypto is cause it seems difficult.

[mm0104]

So current price of 0.0013 is 400% ICO price for most of people, right? Almost half of them invested in FIMK. How are those people supposed to cash out at once?

If they're up 400% and want to get-rid-quick there will be exchanges where they can just dump it and gtfo. Liqui for example is very quick to add new coins but lacks volume a little bit. Also Heat can be traded on C-Cex and Alcurex. So if they want to dump they can and others will gladly pick up their coins.  
The problem with cashing out at once by a lot of people is that it destroys the price temporarily but that's something everybody has to decide for himself. Whether the pure greed or the patience out of greed is stronger.  

[DaddyH]

So current price of 0.0013 is 400% ICO price for most of people, right? Almost half of them invested in FIMK. How are those people supposed to cash out at once?

If they're up 400% and want to get-rid-quick there will be exchanges where they can just dump it and gtfo. Liqui for example is very quick to add new coins but lacks volume a little bit. Also Heat can be traded on C-Cex and Alcurex. So if they want to dump they can and others will gladly pick up their coins.  
The problem with cashing out at once by a lot of people is that it destroys the price temporarily but that's something everybody has to decide for himself. Whether the pure greed or the patience out of greed is stronger.  

400% is fine profit by my standards but the liquidity is just too low. If someone would try to sell now the price would go to zero, even below the ICO price. Where are the buyers? This is quite scary for a project that was delayed for such a long time.

Who is up 400%? At what price did folks buy in at, to be at +400% right now?

[LiskEnterprise]

So current price of 0.0013 is 400% ICO price for most of people, right? Almost half of them invested in FIMK. How are those people supposed to cash out at once?

If they're up 400% and want to get-rid-quick there will be exchanges where they can just dump it and gtfo. Liqui for example is very quick to add new coins but lacks volume a little bit. Also Heat can be traded on C-Cex and Alcurex. So if they want to dump they can and others will gladly pick up their coins.  
The problem with cashing out at once by a lot of people is that it destroys the price temporarily but that's something everybody has to decide for himself. Whether the pure greed or the patience out of greed is stronger.  

400% is fine profit by my standards but the liquidity is just too low. If someone would try to sell now the price would go to zero, even below the ICO price. Where are the buyers? This is quite scary for a project that was delayed for such a long time.

Who is up 400%? At what price did folks buy in at, to be at +400% right now?

Anyone who got in Phase 1 in FIMK got in very cheap, including JL77, both Devs and a few other 15,000,000 FIM holders will have huge potential profits on an exchange opening at the current price.

Maybe thats why they do not want to be on a major exchange in the start.

Never good to have your graph in a major exchange just crash on opening.

Now with the delays and minimal communication c-cex may also go through complete crashes to zero. As we have seen twice already.

But remember on Genisis they have a plan to have about three new companies ready to crowd-source or do an ICO on the HEAT platform.

So i hope there is a lot happening behind the scene.

[Kazadar]

So current price of 0.0013 is 400% ICO price for most of people, right? Almost half of them invested in FIMK. How are those people supposed to cash out at once?

If they're up 400% and want to get-rid-quick there will be exchanges where they can just dump it and gtfo. Liqui for example is very quick to add new coins but lacks volume a little bit. Also Heat can be traded on C-Cex and Alcurex. So if they want to dump they can and others will gladly pick up their coins.  
The problem with cashing out at once by a lot of people is that it destroys the price temporarily but that's something everybody has to decide for himself. Whether the pure greed or the patience out of greed is stronger.  

400% is fine profit by my standards but the liquidity is just too low. If someone would try to sell now the price would go to zero, even below the ICO price. Where are the buyers? This is quite scary for a project that was delayed for such a long time.

Who is up 400%? At what price did folks buy in at, to be at +400% right now?

He is just assuming that most people bought with FIMK at the lowest possible price. And then you would have to add the increased price of BTC and then some people might get close to 400%.

But the HEAT bought with FIMK are still locked and cant be sold.

[DaddyH]

So current price of 0.0013 is 400% ICO price for most of people, right? Almost half of them invested in FIMK. How are those people supposed to cash out at once?

If they're up 400% and want to get-rid-quick there will be exchanges where they can just dump it and gtfo. Liqui for example is very quick to add new coins but lacks volume a little bit. Also Heat can be traded on C-Cex and Alcurex. So if they want to dump they can and others will gladly pick up their coins.  
The problem with cashing out at once by a lot of people is that it destroys the price temporarily but that's something everybody has to decide for himself. Whether the pure greed or the patience out of greed is stronger.  

400% is fine profit by my standards but the liquidity is just too low. If someone would try to sell now the price would go to zero, even below the ICO price. Where are the buyers? This is quite scary for a project that was delayed for such a long time.

Who is up 400%? At what price did folks buy in at, to be at +400% right now?

About 50% coins will be distributed to those who bought with FIMK. Those people are in huge profits now. The rest have only tiny profit and those who bought at the end are even on a loss. But for most people those are huge profits that's why they are desperately looking for a launch to dump, which is not good.

ok that make sense. This project is so slow - it's painful. Folks are being patient but clearly development is hampered by a lack of resource.

[Eliphaz Fimk]

Are HEAT and openledger affiliated?

CCEDK (Openledger) co-operated with us for escrow & marketing for the ICO. Thus, it's one of the exchanges you can already trade the HEAT stake IOUs when the real tokens aren't out.

About 50% coins will be distributed to those who bought with FIMK. Those people are in huge profits now. The rest have only tiny profit and those who bought at the end are even on a loss. But for most people those are huge profits that's why they are desperately looking for a launch to dump, which is not good.

About 40%. HEAT is a long term project - I wouldn't pay much attention to exchange rate at launch which often can be arbitrary with wild swings.

So i hope there is a lot happening behind the scene.

There is (which of course is partially subjecting us to the delays).

[Kazadar]

About 50% coins will be distributed to those who bought with FIMK. Those people are in huge profits now. The rest have only tiny profit and those who bought at the end are even on a loss. But for most people those are huge profits that's why they are desperately looking for a launch to dump, which is not good.

About 40%. HEAT is a long term project - I wouldn't pay much attention to exchange rate at launch which often can be arbitrary with wild swings.

Finger crosesed for 3300 BTC/HEAT

[riceberry]

About 50% coins will be distributed to those who bought with FIMK. Those people are in huge profits now. The rest have only tiny profit and those who bought at the end are even on a loss. But for most people those are huge profits that's why they are desperately looking for a launch to dump, which is not good.

About 40%. HEAT is a long term project - I wouldn't pay much attention to exchange rate at launch which often can be arbitrary with wild swings.

Finger crosesed for 3300 BTC/HEAT

Let's get to 0.001 btc/HEAT first

[PAMPT]

Another gambling platform is not really a valuable niche to fill, so many are doing it. Heat strength lies in having direct connection to clients of other crypto. If they can make a true decentralized exchange on top of it that works and looks as good as openledger/polo and not require gateway by moving other crypto directly, it will change crypto forever and there really isn't a limit to its growth potential. So far no one has been able to do it, or even come close. no silly tokens as IOU's, literally hyperledger of all ledgers, one ledger to control any of them. I truly hope the focus will be on this big picture stuff and not which exchanges its added on. Where we're going, it shouldn't need other exchanges, it will literally replace them and improve far past them since it's trustless and open source.

The first one that gets liquidity to a decentralized crypto exchange will be the hero. OMNI tries it with futures. I hope heat will NOT be like openledger, so illiquid.

Would you say its iliquid because there are not enough people trading there? Why arent people using it?

Definitely not enough people there, also you either need to buy bitshares to use it but that shits volatile, the other option is their open.btc but what is that, some token pegged to btc, i dont know, hard to deposit btc there aswell... didnt work for me... I bought heat from there and it was really hard... First i bought bitshares on polo then i transfered them to bitshares openledger, then bought open.btc there and used that to buy HEAT if i remember correctly..

Pegged to bitUSd, it should get higher tuneover, in theory. On a side note, playing aces in hope another decentralized garbage brings u more adoption than existing centralized exchangers is a zero sum game against bigger platforms like polo that have been around for years, and established influence on game participants accordingly. Another openledger clone? Gud lawk with that. On this scale, if a bag with libertarians bubbles and everyone goes nuts and translates all their property to openledge, it will crack apart like american democracy.

[pieterjanvh]

So i hope there is a lot happening behind the scene.

There is (which of course is partially subjecting us to the delays).

So I guess the genesis block is not close after all?
Take all the time you need. Just make it good .

[scaryvirus]

Pegged to bitUSd, it should get higher tuneover, in theory. On a side note, playing aces in hope another decentralized garbage brings u more adoption than existing centralized exchangers is a zero sum game against bigger platforms like polo that have been around for years, and established influence on game participants accordingly. Another openledger clone? Gud lawk with that. On this scale, if a bag with libertarians bubbles and everyone goes nuts and translates all their property to openledge, it will crack apart like american democracy.

There is no true decentralized ledger right now. Openledger idea is nice but it has several issues. One is centralized and limited gateways for taking things out of open.btc or open.*, and there are tons of coins there without direct gateway or bridge to get it out. Problem with bitUSD is explained by waves faq:

"The second difference is the feasibility of the “market peg” approach. This is of course open to discussion, but one may objectively evaluate the success of that approach by looking at the history of their most praised market pegged crypto-asset, namely, BitUSD. I doubt if any big corporation in the future will ever decide to rely on the idea “if everyone thinks something is worth 1 USD, then that thing is forced to be worth 1 USD.”"

Not that waves is any better.

It has to be direct blockchain to blockchain connections. Forget fiat, even crypto to crypto decentralized exchange isn't done yet. Bitsquare, for example, relies on every altcoin transaction being checked by users which takes up to 24 hours for me. That is not attractive for liquidity at all.

If you can have polo without the uncertainty of which coins they will add, withdrawing more than 2k usd per day, worrying about keeping coins on an exchange and given an IOU like polo.BTC instead of your own wallets, it's easy to see a real working decentralized exchange taking off. Hell, I could provide liquidity for my favorite pairs myself.

[PondSea]

Pegged to bitUSd, it should get higher tuneover, in theory. On a side note, playing aces in hope another decentralized garbage brings u more adoption than existing centralized exchangers is a zero sum game against bigger platforms like polo that have been around for years, and established influence on game participants accordingly. Another openledger clone? Gud lawk with that. On this scale, if a bag with libertarians bubbles and everyone goes nuts and translates all their property to openledge, it will crack apart like american democracy.

There is no true decentralized ledger right now. Openledger idea is nice but it has several issues. One is centralized and limited gateways for taking things out of open.btc or open.*, and there are tons of coins there without direct gateway or bridge to get it out. Problem with bitUSD is explained by waves faq:

"The second difference is the feasibility of the “market peg” approach. This is of course open to discussion, but one may objectively evaluate the success of that approach by looking at the history of their most praised market pegged crypto-asset, namely, BitUSD. I doubt if any big corporation in the future will ever decide to rely on the idea “if everyone thinks something is worth 1 USD, then that thing is forced to be worth 1 USD.”"

Not that waves is any better.

It has to be direct blockchain to blockchain connections. Forget fiat, even crypto to crypto decentralized exchange isn't done yet. Bitsquare, for example, relies on every altcoin transaction being checked by users which takes up to 24 hours for me. That is not attractive for liquidity at all.

If you can have polo without the uncertainty of which coins they will add, withdrawing more than 2k usd per day, worrying about keeping coins on an exchange and given an IOU like polo.BTC instead of your own wallets, it's easy to see a real working decentralized exchange taking off. Hell, I could provide liquidity for my favorite pairs myself.

This will blow you away...

Look up PAX from komodo. Decentralized pegging to 32 currencies based on ECB information and other data points. It will have atomic swaps as well and instantdex liquidity providers that will act as gateways to exchanges.

[StewieG]

No news about genesis block? I love how we are kept in the dark... I heard it was only a few days away, that was 2 weeks ago...

[spendawgs]

Thank you

[scaryvirus]

This will blow you away...

Look up PAX from komodo. Decentralized pegging to 32 currencies based on ECB information and other data points. It will have atomic swaps as well and instantdex liquidity providers that will act as gateways to exchanges.

That's pretty interesting. That seems almost like a bucketshop rather than an exchange, which is still pretty cool. And it breaks even by taxing you through spread or w/e else, which already is not much different than lack of liquidity effect. I'm not quite happy with pegged assets as it's just using centralized indexes at best, and liquidity providers will be centralized gateways just like openledger based on these liquidity providers. And it's using zk proofs which are trusted set up technology, it's really one of the biggest steps backward in crypto that improves nothing but adds enormous red flags. So far it seems are about furthest thing from ultimate goal of decentralization and trustlessness in crypto realm. It's just not a market, especially since it requires other markets to exist for it to even work.

This is why I'm in heat, no gateways, no indexes, but an actual market with actual buyers and sellers with direct access to any blockchains traded. Liquidity comes later if it can do that. There would be zero reason for polo or any other exchange to exist.