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

[Heutenamos]

PS: I was also thinking they would release everything right after the ICO. unfortunately I can not remember where I read this. If anybody knows the source of this, please tell me!

It was in the OP itself, saying the release will be on 5th of September  

why not fork some coin and release a temporary chain/wallet so that people can trade until the HEAT core is developed ? If people want to sell/buy then they should be able to. Waves did a similar thing but i wouldn't advice a centralized chain anyway.

IOU seems like a feasible idea except the prices would be non-realistic for several reasons one of them being that surrogate shittoken is not reflective of the real value carried by the native currency of the platform. IOU is a surrogate whose purpose is to be tradable several weeks away from the official release of a HEAT token. That being said, if u surf through whitepaper and take a decision to buy in on IOU, and then something goes wrong with the fundamentals, or even worse, the release date is delayed, IOU prices might tumble thereby u might exchange IOU for HEAT coins at lesser ratio than what u bought them at.

Not exactly IOU. They could just fork any clone coin and replace it when ever they r ready. Because of many reasons and BTC rally if people want to sell/buy then they should be able to. This assuming the DEVs are really coding

[1714838001]

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[1714838001]

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[1714838001]

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[StewieG]

PS: I was also thinking they would release everything right after the ICO. unfortunately I can not remember where I read this. If anybody knows the source of this, please tell me!

It was in the OP itself, saying the release will be on 5th of September  

why not fork some coin and release a temporary chain/wallet so that people can trade until the HEAT core is developed ? If people want to sell/buy then they should be able to. Waves did a similar thing but i wouldn't advice a centralized chain anyway.

IOU seems like a feasible idea except the prices would be non-realistic for several reasons one of them being that surrogate shittoken is not reflective of the real value carried by the native currency of the platform. IOU is a surrogate whose purpose is to be tradable several weeks away from the official release of a HEAT token. That being said, if u surf through whitepaper and take a decision to buy in on IOU, and then something goes wrong with the fundamentals, or even worse, the release date is delayed, IOU prices might tumble thereby u might exchange IOU for HEAT coins at lesser ratio than what u bought them at.

Not exactly IOU. They could just fork any clone coin and replace it when ever they r ready. Because of many reasons and BTC rally if people want to sell/buy then they should be able to. This assuming the DEVs are really coding

Thanks! And Yes I agree with your second remark, it is a shame what they are doing. Everybody thought they could trade their coins at least in november, but these morons lied to us! One could also call it scamed us!

[StewieG]

http://heatledger.ghost.io/

I quote:"HEAT Weekly crypto roundup"

Last Entry: Crypto Roundup 15 - 11 December 2016

Entry before that: Crypto Roundup 14 - 27 November 2016

It is so ridiculous, you just can't make this shit up!

[pieterjanvh]

http://heatledger.ghost.io/

I quote:"HEAT Weekly crypto roundup"

Last Entry: Crypto Roundup 15 - 11 December 2016

Entry before that: Crypto Roundup 14 - 27 November 2016

It is so ridiculous, you just can't make this shit up!

You are a sad person.

[StewieG]

http://heatledger.ghost.io/

I quote:"HEAT Weekly crypto roundup"

Last Entry: Crypto Roundup 15 - 11 December 2016

Entry before that: Crypto Roundup 14 - 27 November 2016

It is so ridiculous, you just can't make this shit up!

You are a sad person.

Yeah this HEAT crap makes me very sad, I invested quiete a lot of money in this bs and now it feels I have been scammed and the devs are pretty much laughing at their investors. How much did you invest? You got a good laugh too for your 20bucks? Or did you invest with your worthless FIMK coins and are happy that you will finally make a buck or two? I am waiting dickhead!

Oh I almost forgot...

[LiskEnterprise]

I hope heat can look over all the positive suggestions in this thread.

Make a clear plan to place the better suggestions into a plan of action.

Make a business plan of action recruit some help.

Use the membership in a positive way and offer regular clear information updates.

This thread is a disaster for future Heat Ledger investors.

This thread will probably be the highest in ranking in any google search.

As positive progress happens and we the customers of heat become part of the team, lets go back and delete negative comments.

So lets do a deal clean up the thread as we clean up the communication and progress.

[bitdexter]

This is getting rediculous!
We want to know how LONG until mainnet is released..

[StewieG]

As positive progress happens and we the customers of heat become part of the team, lets go back and delete negative comments.

So lets do a deal clean up the thread as we clean up the communication and progress.

I absolutely  will not participate in luring more investors into this scam!

In my opinion they add an option for all the BTC and ETH investors to get their money back, sorry FIMK users but we got lured into this and scammed while FIMK had no other option than turn FIMK into HEAT.

Releasing a second coin until HEAT is out is an option, but I obviously favor my first suggestion.


Oops I almost forgot again...

[Jack Needles]

nom nom nom

Eager to eat up all this cheap HEAT

[LiskEnterprise]

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"

[durerus]

I think they had to pay a lot of taxes. Since they are a real company, they have to abide by the tax law. Dunno how much you pay in Finland, though.

[windjc]

I think they had to pay a lot of taxes. Since they are a real company, they have to abide by the tax law. Dunno how much you pay in Finland, though.

Taxes on seed capital? Are you joking?

[MoveCrypto]

lol, you misspelled scumbagging

[pieterjanvh]

lol, you misspelled scumbagging

Haha, fail.

[StewieG]

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...

[Eliphaz Fimk]

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%

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.

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!

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.

[LiskEnterprise]

No of course i did not factor any of the things you mentioned.

Becasue i have no information about that.

I made the calculations made from todays date becasue again, that is the only information i have to work with.

But that is all the community is asking for... Information to work with.

You seem defensive but at the same time wondering why you have to be?

It is becasue past promises were not met.

But crypto is an understanding crowd.. I think you find some people loosing it on this end becasue it is a combination of things.

Late release and no soothing information as to why and what we can expect.

Your answers are harsh and challenging and while perhaps full of your considered facts.

The question is still out there.

Where are we now in terms of a decent release?

Is it real that Jan is a possibility?

What has to be done to get there?

Is it more likely Feb or March?

It is just broad goals and timelines we need to know.

 

[rnr]

@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!

[idolacchacked]

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  

[windjc]

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%

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.

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!

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?