48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?
The 6000 Bro per BTC have 6000 Bergstake, right?
For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?
Thanks!
We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products. Do you suggest a longer period than 48 hours? Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc. As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away. We are all ears, we are taking all the feedback into consideration and are leaning toward extending the bonus period to allow others time to take advantage of the extra coins being made available. -- I believe you should extend the "bonus price" of 1BTC = 6,000 BRO + 6,000 bergstake until the end of the ICO. . I'm sorry Barabbas but that's not fair to early investors. . Where is the incentive to early investors if they extend the "bonus price" of 1BTC = 6,000 BRO until the end of the ICO  . Why would I invest my BTC now, while you enjoy investing your BTC elsewhere for the next 22 days, then come back here to invest in Breakoutcoin at the last day of the ICO . 2 to 5 days is more than enough to allow anyone to take part of the "bonus price" of 1BTC = 6,000 BRO, especially with end of month payrolls coming in 4 days. . Time to exit from your other investments if you're really serious about this one ... In my opinion the only incentive should be to get in at the ICO price before if sells out. That should be enough of an incentive. Coming in the first of the 100th should be completely irrelevant, as long as there's supply. It isn't a matter of convenience for investors, it is a matter of reaching objectives for the issuers of the ICO. The Devs' objective is clear from the announcement: ". Raise a modest amount to finish the software (250K) ...". They also indicated that ICO will close if that $250K (or 700 BTC) is raised: "If we reach the amount of funds necessary to complete software, we will close the "coin sale" until we release and make software available to the public."Everyone can see that only 102 BTC has been raised so far, hence the general consensus of "Wait until last day of ICO and See" attitude that plagued the first week of this ICO. I'm glad the Devs announced the "bonus price" of 1BTC = 6,000 BRO to encourage people to take more Venture Risk, to accelerate the fundraising process. If anything, Devs should make the announcement (or changes) Firm & Final, then broadcast it on multiple social media channels, Press releases, Blog articles, etc, to create a sense of urgency outside this thread. ++ i would actually like to use bitcoin block numbers instead of time as a deadline. anyone have a link to convert future time to estimated block number? edit. i guess its just duration_minutes/10 + current_block_num |
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If we make multiple payments to the ICO separated in time, will the Bergstake be split among those payments, or lumped?
-- there is an option to "reuse breakout-wallet" on the https://www.breakoutcoin.com page -- or you can just send directly from the same bitcoin wallet and address to the exodus address: 33Bghpzm4pgbSRgnqS63ZBf6dnSjbGc6Sf so its really up to you. you can split it, and manage multiple wallets. or use one wallet. there are reasons some may want multiple addresses. but its easier, and originally there was a built in incentive to only have one wallet. we were going to implement additional complexity into bergstaking with multiple wallets, to avoid bot-net attacks.. but now there is no mo mining so no mo problems 100% POB == no pow == all good |
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actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point.
pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards.
You misunderstand. What I mean is that you earn your interest when you are lucky enough to sign a block. Each Bergstake share, no matter what the size as long as it is above some threshold, gets the can sign a block if it wins the lottery for a given block. Upon signing the block it gets a constant block reward times a stake multiplier proportional to the size of the Bergstake share. That keeps micro-investors from signing a lot of blocks for tiny rewards. It allows small time investors to have a chance at earnings on their stake, and rewards big investors proportionally. [edit]And when I help a team that I can convince to use Bergstake for a coin, that's what I'm going to talk them into doing. is that how Nxt works? this is a bit different. will show some pseudo-code asap. the more bergstake the higher the probability of winning the lottery. the number of digits in the lottery gets smaller. the reward is always the same. and yes, micro-investors also have .01 bergstake, and can play the lotto 24/7 , probably better odds then power ball! |
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Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.
Over a long enough time, they will get a benefit proportional to their investment. the other option is to provide an interest rate on all bergstake instead of a block reward system... That would be much better IMO. But where does the interest come from? One way to work this idea is to require a minimum share for Bergstake, equivalent to say $25 at ICO prices. That's higher than the minimum ICO investment, but it isn't going to break anyone who has spare money to invest in an ICO. [edit]"Interest" would be a constant payout per block times the stake multiplier, is how I understand it. actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point. pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards. |
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48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?
The 6000 Bro per BTC have 6000 Bergstake, right?
yes For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?
each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block. Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake. Nxt uses stake, has no block rewards. a holder of 10 bergstake has 10 times more of a chance of solving the block vs a holder of 1 bergstake. its linear. its fair. i think what he is getting at, is the chance of hitting a block is so small that he has almost no shot of earning a reward if he owns only one bergstake. but yea if he plans on only buying a small amount, then maybe he doesn't care/deserve to win more coins. is there a possibility of creating custom pools where all the coins can be divvied up, so smaller investors have a better shot of sharing in their percentage of a reward? pools of bergstake? hmmm not sure if/how this would work. will get back 2 u. |
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Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.
Over a long enough time, they will get a benefit proportional to their investment. the other option is to provide an interest rate on all bergstake instead of a block reward system... |
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48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?
The 6000 Bro per BTC have 6000 Bergstake, right?
yes For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?
each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block.
Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake. Nxt uses stake, has no block rewards. a holder of 10 bergstake has 10 times more of a chance of solving the block vs a holder of 1 bergstake. its linear. its fair. |
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48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?
The 6000 Bro per BTC have 6000 Bergstake, right?
For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?
Thanks!
We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products. Do you suggest a longer period than 48 hours? think the reason is to give a bonus to those who invested already... |
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48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?
The 6000 Bro per BTC have 6000 Bergstake, right?
yes For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?
each bergstake has the same chance of solving the next block, so yes a larger amount of bergstake will give you a better chance of solving the block. |
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Why are you engaging people you perceive as "haters"? I'd like it much better before when you simply answered "Sorry that you don't like our project". Way classier...
I have stated before you are jumping the gun quite a bit with this otherwise excellent project: Timing is horrible. And your preparation, not having the platform ready to be seen and tested, is just inappropriate.
If I were to give you advice, I'd shelve the ICO, go back to the drawing board, apply the lessons learned and come back at a more appropriate time... just like IPOs do in the regular stock market. Proceeding ahead, as I have stated before, is setting yourselves up for a big disappointment.
I sense Jay is a ticking bomb and some of you are engaging inappropriately and dangerously for your image. But hey, it's your project, It would be just sad to see it damaged by stooping to unnecessary levels.
I hear you again Barabbas. Extremely rational and sensible. Please be patient. Like I told you earlier. We have other options Barabbas. I think you're gonna like what you here. 😉😊😃 I do indeed (like it). As a first step. Bergstake has to be explained simply and understandably and a working platform (at least for poker) needs to be made available for testing. If I undrrstand correctly, traditional mining is thus completely eliminated, right? -- Bergstake refers to the output of the coinbase transaction in a bitcoin blockchain. https://en.bitcoin.it/wiki/Protocol_specification - search "coinbase transaction" -- bergstake is used in proof-of-bergstake, just like stake is used in a proof-of-stake system like Nxt. http://fundraiser.breakoutgaming.com/http://satoshifantasy.com/bergstake-2/http://satoshifantasy.com/breakoutcoin-with-bergstake/ |
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I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
no one thought this way before ethereum? I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
The games are in final stages of development. There still needs to be extensive security, anti-fraud and anti-collusion features that have to be QA tested. We will try to have a demo video of the Fantasy Sports and Poker in a short time. Do you have any idea how many times we've heard "just give us your Bitcoins, It's in the final stage of devlopement, Just have to debug it etc etc " If it is so close to a completed project you should have delayed ICO and had something real to show investors, but by not doing so you have bundled yourself with some very dodgy scammers that have preceded you. I am not accusing you of being a scam but how can I tell? Truth is I can't, and its a case of once bitten twice shy. I will mine but I won't invest in ICO Jon so you should just value these coins as if everything still needs to be built. Also think about ICO for Breakout coin being used to fund Breakout gaming in which you won't own any share of, the only benefit is POB which you also get from mining Jon they market your coin, and bring liquidity. The market brings liquidity. This is supposed to be a crypto thread, no one even knows what algorithm will be used yet and still they send Bitcoins Jon we know your going to mine. ico is for those who wont. do you know any reason cryptonight wont work with non cryptonote coin? ether doesn't even know if they are pure pow, or hybrid. obviously the ico holders will have voice in ultimate algo. the state of all algos will look very different by launch. |
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I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
no one thought this way before ethereum? I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
The games are in final stages of development. There still needs to be extensive security, anti-fraud and anti-collusion features that have to be QA tested. We will try to have a demo video of the Fantasy Sports and Poker in a short time. Do you have any idea how many times we've heard "just give us your Bitcoins, It's in the final stage of devlopement, Just have to debug it etc etc " If it is so close to a completed project you should have delayed ICO and had something real to show investors, but by not doing so you have bundled yourself with some very dodgy scammers that have preceded you. I am not accusing you of being a scam but how can I tell? Truth is I can't, and its a case of once bitten twice shy. I will mine but I won't invest in ICO Jon so you should just value these coins as if everything still needs to be built. Also think about ICO for Breakout coin being used to fund Breakout gaming in which you won't own any share of, the only benefit is POB which you also get from mining Jon they market your coin, and bring liquidity. |
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new feature: to purchase more using same wallet and password. see www.breakoutcoin.com . click "Reuse Breakout-wallet" |
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About the bergstake.
whats happening with the mining pools ?
If there is decent net hash solo mining wont work at all so pools will get all the bergstake putting a lot of bergstake in the hands of a few people.
This doesnt make sense at all.
So Bergstake should only be given to the ICO investors for taking the risk.
If this tiny little very logical change could be made id be happy to invest.
To be clear the ICO investors would be the only ones getting bergstake.
One of the major purposes of the PoW phase is to distribute Bergstake far and wide. Pool operators keeping all the Bergstake would defeat this purpose. The coin dev has talked about creating special pools solving this problem where the pool participants do get Bergstake. So what your saying is that bergstake will be transferable and sellable on the exchange ? Or will bro own all mining pools? neither. either pool operators will keep bergstake and pay miners for this privilege, or they will have to put each miners address and reward into the coinbase transaction. |
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I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
no one thought this way before ethereum? I want to use Demo/Fake-Bro coins with Bergstake to play at least a trial game at your site before investing.
IMO, that is the main issue, not high or low price. Up until now, just nice graphics and promising features.
The games are in final stages of development. There still needs to be extensive security, anti-fraud and anti-collusion features that have to be QA tested. We will try to have a demo video of the Fantasy Sports and Poker in a short time. Do you have any idea how many times we've heard "just give us your Bitcoins, It's in the final stage of devlopement, Just have to debug it etc etc " If it is so close to a completed project you should have delayed ICO and had something real to show investors, but by not doing so you have bundled yourself with some very dodgy scammers that have preceded you. I am not accusing you of being a scam but how can I tell? Truth is I can't, and its a case of once bitten twice shy. I will mine but I won't invest in ICO Jon so you should just value these coins as if everything still needs to be built. |
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I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.
but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.
If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money. some people don't want to invest because they're scared to many other people invest and also because scared not enough people will invest. |
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I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.
but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.
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1 BRO could be worth 1000usd or 0.1 cents... I have no idea
BINGO! there is the value. and the risk reward equation is your own. and the free market takes the consensus and comes to a final price. price != value You make no sense... No one will invest large amount of BTC's in this circumstances. The aim of the ICO is to get funds to get the coin online? If the answer is yes then the team need to make a business plan and make sure people that took a risk in supporting this coin won't be losing money vs the people buying late on exchanges and mining later. What you want is to create a community that support this coin! If early investors lose money they won't support it down the line and that will damage the credibility of the coin and the platform. for taking more risk you get higher potential reward, cant reward risk with less risk. |
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