Re: [ANN ICO] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
I think tempus has raised some important questions here. I look forward to seeing some proper responses. So far they seem poorly thought out.
Could you rephrase a question whose answer you consider poorly thought out?I think that was a poor choice of words on my behalf. What I meant was that some of the responses lack specific details, however, it may be that you have already posted answers that I have missed or that some things have not been finalised yet.
The thing that I would really like more clarity on is why you think KYC/AML is not required for the HEAT tokens given the presence of fiat gateways? Have you had any legal advice on this matter? I think the fact that you will have conventional fiat funding rounds/shares is likely to make this project stand out even more to the financial authorities. Like I said some more details on the reasoning here would be useful for investors.
I think the fiat gateways would be handled by another company but integrated in the HEAT software.
For the IPO I am sure the terms will be a lot different and not anonymous.
Ofc this is only how I read the answers and it might be wrong.
The problem I see is:
1. This project does not want to be just a "Coin-project". It's not that much about the token. They sell it, yes. But they want to develop a decentralized exchange.
2. They claim that it will be about Fiat. It's not just said between the lines, they write it into the subject:
Re: [ANN ICO] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
3. But of course, they say it in the post as well:
LICENSED MULTISIG FIAT WALLET
The unique HEAT crypto client provides access to major cryptocurrencies including BTC, ETH, FIMK and NXT. It also allows creation, transfer and trade of any custom assets created by operators of any size. Having multi-sig for currencies whose tech is capable of such - the client thus supports fiat money accounts secured with multi-sig private keys. HEAT Ledger Ltd has joint venture agreements in place with EU wide money transmitter license pending, making the prospect of transferring real fiat money in a cryptographic ledger a reality. One of the first, if not THE first - but certainly the first multi-sig fiat!
4. So it's definitely meant as incentive to buy into the ICO.
5. If they can't explain how to do that - hmm... what is it? A promise to lead ppl into buying the ICO. Not more.
And it's not just about that subject. All questions I had I needed to ask and there was nearly no answer that was convincing for me personally. No problem if others have another opinion. But it's pretty obvious that most questions are more about the market after the ICO, like "will there be a buy-wall?". And they don't even want to speak about their project.
And to say:
I think tempus has raised some important questions here. I look forward to seeing some proper responses. So far they seem poorly thought out.
Could you rephrase a question whose answer you consider poorly thought out?...is again weak. Because nothing needs to be "rephrased". There are two long posts without any answer!
About regulatory issues: https://bitcointalk.org/index.php?topic=1543991.msg15561379#msg15561379
About the token and the economical design: https://bitcointalk.org/index.php?topic=1543991.msg15561785#msg15561785
Or the reaction on you: "That's spot on! Thanks!"
It's simply not true.
And if they can't even provide a Whitepaper it's not a good sign that a guy like me wrote more lines about their project today than they did - That's kind of weird, because they get all the money.
