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

[StewieG]

Still........,

When launched. And basic structure for what's promised is completed.

I'll think I will make profit on this one.

  LMAO

Out of nowhere comes this guy!

Status: Newbie
Activity: 0

Yes man this will be the one! All the other ones before were crap but THIS! is THE ONE!!!! Yeah I can feel it too bro xD xD xD xD

Yes. But since the short time i have investigated the blockchain technology. Heat is the first coin with a solution/idea  for the scalability shortage which bitcoin have been struggling with since the beginning.

Yeah I would really like to see that. Especially how it works, the technical specifics. Until now these are all just claims. I would love to test it and if they release a client until thursday I will. But up until now there is absolutely nothing but broken promises. So yeah I guess they did not find the magic solution we were all waiting for. I mean if it was so easy why did bitcoin not implement it already? If the technique to do a thousand or even 100k  transactions would be possible by now, why is nobody in the bitcoin space even talking about it? Yeah they talk about bigger blocksizes and everything because they are retards right... As far as I can see they  want to do it by improving the client, which is good, even though I doubt that it will improve tps by more than 100%. Then they say that miners AND Clientsjust need to use better hardware, which is bad. It is bad because if I want to run a node in the network that is not even mining and my computer can not keep up with verifying the blocks because the miners have a hundred times better hardware than I have and are running at a maximum then I can forget about running a local node. This leads to centralization problems. There was no discussion about that because all the information we have on any of this from the one dev is very wishy washy.

[1715376138]

1715376138

[IlluminatiGoldMember]

Ah lovely! All hell breaks loose here and the HEAT team does not think it is necessary to step in or anything. Guess they spoke to their good ol buddy the advice dog:

https://cdn.meme.am/cache/instances/folder554/500x/74582554.jpg

Dogs piss on things to mark their territory.
Dogs pic territory whit the right elements.

[mr.coinzy]

With all the scalability idea in mind, isn't stuff like the lightning network (for example) supposed to solve scalability issues with bitcoin?

[StewieG]

With all the scalability idea in mind, isn't stuff like the lightning network (for example) supposed to solve scalability issues with bitcoin?

Yes but if you had seen the interview on youtube (I think it was this one), then you would have seen how they trashtalked the lightning network. Of course no facts were provided except for that their coin is better(At this time their coin didn't even exist and it still does not exist). I have my doubt if the developer even understands the lightning network or any of that sort.

[StewieG]

Question:
At first they said HEAT would build up on the NXT client(in the youtube video), as far as I have seen the NXT client is under MIT license. Would it even have been possible for them to release HEAT closed source when they have to respect the MIT license? I am wondering because they switched at some point from NXT to something different, would be something to look into....

Edit:https://nxtforum.org/nxt-helpdesk/nxt-license/
"The Nxt core software is now distributed under the GNU General Public License version 2, with the exception of the client UI code which remains under the MIT license. Please read the files LICENSE.txt, COPYING.txt and DEVELOPER-AGREEMENT.txt for more information."
 the client(gui) is under MIT license which means you can build closed source stuff with it. My guess is that this is very similiar to the code they uploaded on github.

The core is not MIT it is GNU licensed, which means if they reuse it it has to be open source! So that is why they seem to be recoding the whole thing which is the reason for the delay. My guessis that they want to have this thing closed source. If this is the case theywill probably not release the code "a few weeks later" as they have told us.

I guess this is why people thought it would be open source because they clearly said that they will build HEAT by changing the NXT codebase.

And here is the glorious part where he talks like they would release the software as open source software and cuts the interviewer off before he can ask any further questions: https://youtu.be/dGs2B-0goTI?t=1h3m48s
and at 01:18:50 he starts talking about that they will make HEAT opensource. Listen exactly to it!

[Eliphaz Fimk]

HEAT client will be open source at launch. HEAT server is MIT licensed and will be open sourced soon after launch if not at launch. It's not decided at this point due to conflicts of interest involved. JV partners and potential investors prefer closed source for some time to get ahead of competitors cloning our proprietary source based on 3 years of work. What we didn't account for when planning the otherwise beneficial closed source period, is that some exchanges understandably request open source. We still have to make sure whether that's publicly, and strictly at launch or if it can be 1-3 months afterwards.

As stated previously, we had to put quite a bit of effort to roll back our FIMK-related processes to base HEAT on the older version of NXT before it was GNU licensed. This has an important reason - Heat Ledger Ltd builds corporate solutions based on the HEAT technology that's MIT licensed (can be closed source). It's natural for corporate customers to request the exact software they use is NOT open source. In fact it's very difficult to obtain customers if the software terms state that the whole piece you provide them has to be published open source.

Our escrow partner C-CEX is being pressured by some ICO participants to cancel the ICO and buy the HEAT tokens back. We've agreed to provide the wallet and HEAT tokens within 4 days from now or the ICO funds on C-CEX would be used to buy back the HEAT pre-sale tokens. They also requested we need to adjust the HEAT API to contain full NXT-compatible RPC for the part that exchangers use. That's no problem and is actually useful to readily offer NXT-compatible procedures for easier barrier of entry for 3rd party integration.

[mm0104]

Sad that you only try to release because an exchange threatens to return the funds to investors, which is the one and only right thing to do in retrospect.

[Crapsy]

Thank you for the update 

[Eliphaz Fimk]

Sad that you only try to release because an exchange threatens to return the funds to investors

Of course that's not the case. In fact, as you may conclude from my previous posts, we've been attempting to release for several months and are very close to it at this moment. There's no benefit for dragging release and longer than necessary.

which is the one and only right thing to do in retrospect

I understand them.

[mm0104]

You've already been saying it's almost finished yada yada yada before the ICO started. Words don't mean anything anymore until something is released.

[mm0104]

There will be no refunds of any sort. It can always be claimed that additional features will be implemented in the future. 

[mm0104]

Somewhere in the thread was said that by participating in the ICO we only purchased pre-launch tokens. Nothing more. Everything else is not binding. Of course you normally think that you won't get completely duped, especially when it is claimed that it's pretty much ready and the distribution will be very soon, but that's the situation right now. We only have an entitlement to tokens. That's the factual reality.

Found it, thanks Stewie for collecting:

Investors donated over $1 million dollars worth of crypto to the project.

I must slightly correct that statement, as investors usually don't donate - they invest or as in the case of HEAT, they purchased pre-launch tokens. 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 - in motion as the value of the crypto holdings fluctuate and even surprises such as extra grant of Byteballs happen.

[StewieG]

I want a refund!

I did not order a yacht in order to get a 6 months delayed lifebelt!!!

I also disagree with mm0104! This is not what we signed up for no matter what the heat guys want to tell us what we signed up for. I didn't sign up for a Ferrari in order to get a broken pedal car! This is fraud! They have promised so many things, if most of them are not delivered by the delivery date, then this is not what I signed up for! If c-cex wouldn't make pressure now, the release would  maybe happen in 3 years with all the features they promise. They are nowhere near completion and they know it. This is not the product anybody signed up for! Let alone the fact that what they will deliver now is worthless crap! If they would just make a bitcoin clone it would probably be worth more. Give us back our money!

[lizidev]

I want a refund!

I did not order a yacht in order to get a 6 months delayed lifebelt!!!

the picture is very cool

[StewieG]

While I do not like Stewies style and FUD attempts I agree with him that we deserve a refund and we are eligible for it. Since Stewie was the one who opened communication with CCEX it would be good if he could contact them and make sure we get a refund if the launch is incomplete.

C-cex customer will most likely get a refund! For the rest of us who paid with btc, nxt and eth(and worthless FIMK), we have to convince the heat guys to give us back our money or open a legal case.

[bitdexter]

While I do not like Stewies style and FUD attempts I agree with him that we deserve a refund and we are eligible for it. Since Stewie was the one who opened communication with CCEX it would be good if he could contact them and make sure we get a refund if the launch is incomplete.

Well done Stewie,
I was going to leave it untill Monday to contact C-cex.
Atleast i now know my funds are now alot safer.

[bitdexter]

I want a refund!

I did not order a yacht in order to get a 6 months delayed lifebelt!!!

Instead of trolling stewie,
how about you release what you promised

[Crapsy]

How much did you buy on C-CEX and at what ICO-rate Stewie? I thought you only invested directly to the ICO-account...

[StewieG]

if you try to do a refund on ccex you also should do one at alcurex, its also an exchange who was part in heat ico same like ccex.
would not be fair to do just one at ccex but not on alcurex.

If both exchanges scrap heat of their list, heat is tradeable nowhere. I mean it is already worth zero now and it is their own fault! They did not even try to get it to bittrex! I mean this is a joke, everything else but a refund I consider a complete joke and lack of morality! Or just call it fraud!

[StewieG]

How much did you buy on C-CEX and at what ICO-rate Stewie? I thought you only invested directly to the ICO-account...

I have nothing at ccex nor at alcurex, I invested with eth directly! I still care for people who bought in it somewhere else and think they should get a refund too. CCEX is honest and is ready to give them their money back, which I think is fair. Heat team should be honest aswell