Post
Topic
Board Announcements (Altcoins)
Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
by
irukandji
on 28/02/2017, 21:32:37 UTC
I do have criticism regarding past and current state of things and i make my opinion known.
What is your criticism?


Thanks

To name a few:
- To begin with there was/is a very substantial discrepancy between what was conveyed very clearly prior to the ico and what was/is the real state of things de facto. Dev state lagged and lags behind greatly and release of the project suffered great delays despite clear indications to the contrary before they collected funds (yes, they knew their status beforehand and could have given correct honest estimations regarding their state of progress and readiness).
Do you have any evidence of this?

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- Despite having more time than described as needed when they raised funds, they still released a completely broken product in which all the promised features are either missing still or just do not work. It is important to mention that even this late release was forced on them, otherwise they would probably be delaying this for an undefined period time.
So there are some bugs. I think this is to be expected.

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- Despite delays and ambiguity which cause some unrest and doubt with investors, the heat team did not keep good communication with their investors and community and even kept a condescending righteous attitude. They chose to avoid answering questions they did not like regardless of their significance to their investors.
How you know they chose to avoid questions they didn't like. This seems very subjective. You may be frustrated but are you being fair to them?

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- This is supposed to be a decentralized project yet it is currently very much centralized.
Probably unavoidable at this stage though.

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- Commitments that are of fundamental and critical importance to investors where compromised or intended to be compromised from the side of the heat team. You can see several occasions for this (trying to avoid distributing coins that are due to investors who paid for them is a prominent example for such breech of agreement).
Evidence?

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This is just a partial description of a very faulty negligent and suspicious behavior from the part of this project. I can honestly tell you that if this was known beforehand I would never have invested in this (as I am sure would be the case for many of the other investors).
Sure but unanticipated bugs are part and parcel of development
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Every person who sent funds to the project gave them his trust (along with his money). So far they have proven to be unworthy of such trust. They seem to lack the fundamental respect and humility when dealing with their investors, their funds, and the community involved.
Again, this seems very subjective when you have not provided any evidence.

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I can assure you that the feelings I convey are not exclusive only to me, but are felt by many of the others who invested.
Sure I can see people feel aggrieved but I haven't seen any evidence that the problems are not just part and parcel of investing in such a high risk project.

I suppose I regard this as a very ambitious project, and a risky one. So I'm not put off by them having teething problems.

Mind you I did not invest in the ICO, so I may be more upset if I had.