I don't really understand why people are wasting time with fudsters in this thread. Just make a moderated thread and be done with it... Fud or not stop wasting time arguing the same things over and over again.
Because it's not fud when it's true.
Your suggestion to stop calling deceptive behavior and other flaws out is ridiculous
What is the deceptive behaviour?
I was wondering too. I asked one of the fudders here to give some detail, but he didn't reply.
https://bitcointalk.org/index.php?topic=1543991.msg20731255#msg20731255It seems that there are some people who keep complaining but they don't seem to have any substance to the complaints
On the previous page, written by myself:
Now about the product: The HEAT currency....now there was that scalability issue in the beginning and (oh no I'm taking up one of Stewies points) it served as headline advertisement selling point (1000 tps)
Now months later they admitted that this was only eligible for private chains...having absolutely nothing to do with the public currency...
Now I did actually show one deception without even going to look for one.
Also the asset exchange, they claimed to have ready, but that took more than half a year to be usable
All of these false statements were made to gather a lot of money in the ICO. And the ICO was never necessary, they didn't need to create a new cryptocurrency, they could simply have used the replicator (the only thing thats different from before as far as I can tell) on their old currency.
But they didn't, instead they lied about functions and their product and gathered a lot of money.
But I will now randomly look for another thing just to prove the point
Ah here
FY2016 is over and accountants are furnishing the Ltd company's balance statements and financial reports in the next weeks, in time to be available for the 2nd funding round planned for Q1 2017. Investor prospects of course require proper financial reports, and these need to be in line to prove a sustainable business model and budgeting. That's part of the transparent structure that was planned since the inception of Heat Ledger Ltd - having to comply with the regulations regarding company reporting can also be used as a benefit for the seed round (cryptocurrency) investors. It's somewhat unusual that official reports from a cryptocurrency operation are actually required by law, so in our setup we consider that an advantage for the investors to genuinely being able to see how and at which pace the received funds are being used. It also involves more complex accounting tasks than running sole proprietorship and "having expenses sheet" for instance, so the reports need to be prepared with the effort required and will be provided in due time.
This was written in Mid-January! About one month before the options issuance was meant to happen.
Well, it didn't. There's also no expenses sheet or any comparable document, all financials are a complete mystery contrary to what he promised here.
I have another example, but I'm too lazy to look everything up now...at some point, he said that they released HEAT, because the circumstances were so good and they wanted to use that. Which is a complete lie, because the only reason for the release was the buy wall of the C-Cex exchange and that they didn't want to lose money. But months later he tried to retell the story.
And of course there's the HEAT from C-Cex they kept for themselves whilst it was stated differently in the terms for the ICO
Just read the last pages or go to my account history, you will find more, I don't like repeating myself, so you will find other issues