Post
Topic
Board Announcements (Altcoins)
Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
by
FlensGold
on 29/06/2017, 20:51:37 UTC
I am the creator of the GNT and KMD Assets.
HEAT is not a decentralized platform - the name of the GNT asset has been changed afterwards by power abuse of the developers.
Thus it is not possible to create any asset with any wanted name without being vulnerable to the goodwillingness of the developers.

They also stopped my BTC withdrawals - so if the developers do not want you to have the money, you will not get it - just like in traditional banks.

All of this shows, that they are not willing to run a DECENTRALIZED platform but a fully CENTRALIZED one.

They made commitments to the baking sector which are not fungible in the world of decentralized blockchains.
I urge everyone to rethink their involvement with HEAT.

It is not there to further development in decentralization.
It is there, to get you under central control of two people.
Lehtinen and de Klerk

The problem is that people can create assets in order to scam other people by using names of known coins.
Since Heat Wallet is still in an early development stage the warnings did not prevent users from investing into those shitcoins. I assume that in future versions there will be more clear warnings to prevent people to invest in those self-created assets. Until this has been solved I appreciate the fact that the developers try to prevent this, there are plenty of posts in this thread from people that lost their BTC due to scammers hijacking known names. Just call your asset "Kulla" and I bet there will be no problem with that...or what was your intention by creating GNT and KMD Assets?