The 6000 Bro per BTC have 6000 Bergstake, right?
Every BRO acquired during the coin sale will have Bergstake, including bonus coins. |
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You aren't getting my money until I see more pictures of hotties and iMacs.
Period.
 Thank you for your support |
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ANNOUNCEMENT
We will be making an announcement on the state of the "coin sale" Monday morning.
On a side note, what does everyone think about removing the PoW phase and going straight to Bergstake from day one. This will eliminate the BRO coins and Bergstake issued to the "miners" and the coin network will still be supported by the Bergstake owners.
considering that the removing of POW phase is just a side note, can we get any more info on the announcement, i would rather not have refunds being issued out, restart of the project, new announcement of what the coin will now do. then attempting to reinvest for a restarted 30 day counter. or radical change in plans My point exactly. Please DO NOT restart the 30 day counter. People do not want their BTC tied up for such a loooooooooooooooooooooooooooong period. If it was up to me, I'd say shrink it to 7 days and you'll see the ICO funds grow much faster. BTW, great move eliminating PoW phase & supply. Excellent response so far for eliminating PoW. Everyone loves Bergstake so why not get it on day 1 instead of waiting two years. I agree restarting 30 days is out of the question. |
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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. |
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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. People don't want to invest in ICO because only 5.5 million BRO will be split among all ICO participants, while a whopping 6 million BRO will be given for FREE in Giveaways to beggars over next 2 years.  That's like paying for some software that can be downloaded for FREE from the official software website itself. The ICO share should be raised to at least 10 or 11 million BRO, to leave just 1.5 or 0.5 million BRO to Giveaways, that's more than enough to get you a zillion beggars. Given out to beggars? Freerolls in poker attract and give incentive to draw people into using the application, sign on bonuses, the ones all poker sites give, will be part of those funds. Most of those sign up bonus funds that people earn, more often than not require spending more than you actually get from earning the bonus . So in essence they will be getting someone signing in with 1000 breakout coin, getting a 100% bonus match(this % is guess work but still stands to point no matter what %) Now they have a tiered reward that releases breakout coins to them every so many "Points" or ante they put in over time. most people will of either lost most of their initial stake before earning the full bonus, thus causing some to deposit more money to earn on the bonus again. Having incentives to bring people in for freerolls and free matches or free bets brings people into the platform and increases the liklihood of having them actually use and spend money on the casino, or fantasy sports games, or the cool new fashion trend in poker or just texas hold em . They also don't get any berg stake from those coins from what i have previously read (someone please verify) most of the free giveaway coins will be used as incentive to futher expand the userbase of the platform and the currency. some of the free coins "given away" will actually produce more coins being bought than would actually be given away. Very well explained Jibble! That is exactly right. Just as you explained there are "play through" requirements. People don't get free Breakout Coins that they can just cash out. This would be terrible for the coin and would open it up to exploiters creating swarms of accounts to collect free money! Also, since it cannot be transferred, recipients of giveaway coins will not get Bergstake. |
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The way that the ICO is structured, it just looks like the early bird bonus is not enough to outweigh the advantage of joining later. A lot of people will probably want to see how much the ICO raises close to day 30, before taking the plunge. Either way, too early to tell...
Cheers!
Thanks for all the positive comments by myagui, altcoinUK, qawzsx, JakethePanda and others about the BRO project. It is indeed too early to tell. |
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When I saw Please send between 0.01 and 10,000 BTC. I was out.
Sorry about that Enryk, would you like us to raise the max or lower the min?  |
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sth is not right with that balance checker on main page. If i enter random addresses it gives some output different from 0.
Not sure what you mean bitme. When I enter random addresses I get the message: There was a problem fetching your purchases. Please ensure you have entered the correct bitcoin address |
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Can I send more btc to the same address or do I need to do the all process again?
Sorry cryptoconomist, I can't answer your question with 100% confidence. Hopefully Jaybny will be available soon to help. If you can't wait, I would suggest you repeat the entire process for peace of mind. |
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I am in the step 5, have sent my bitcoins, but I continue in the same page,purchase status: Waiting for deposit..., it has not detected the payment to me??  Hi Jowinm, Does your screen say that it is waiting for confirmations? Or does it show a bitcoin address and ask you to send bitcoins? Once you send bitcoins to the address posted, it will instantly detect the transaction and start waiting for confirmations. purchase Breakoutcoin download >purchase DO NOT LEAVE THIS PAGE once you have sent bitcoin. When your bitcoin is received you will be taken to the next step. DO NOT SEND bitcoin more than once to the bitcoin address unless you are still on this page. STEP 5 Send minimun .01 and maximun 10,000 bitcoin to the address below: Payment address: xxxxxxxxxxxxxxxxxxxxxx purchase status: Waiting for deposit... Loading... The Bitcoin payment address is also your pre-genesis Breakout Coin wallet address xxxxxxxxxxxxxxxxxxxxxx ou will also be emailed a backup of this file and redirected to the final step when a transaction is detected. I have sent the BTC and in my wallet he works out confirmed, but this continues in the same page, step 5. Jowinm, If you can confirm that you did transfer bitcoin to the address, waiting for confirmations isn't required to finalize the purchase. I would take the btc address from your downloaded wallet and send it to "Check Balance" on the homepage to verify your purchase. |
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my comp turned off just after payment was made, i have wallet and password but when i input btc address to check balance it posts "You purchased 0.00 bitcoins worth of Breakoutcoins" Transaction has 10 confirmation already
tx: d5c64e7bf576ece81b8b9565f48609e62212b06bf0798fafc71adcf0a66f4e20
Do i have reasons to worry?
You should be fine. To check your balance, enter the btc address you find in your downloaded wallet. |
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I am in the step 5, have sent my bitcoins, but I continue in the same page,purchase status: Waiting for deposit..., it has not detected the payment to me?? Hi Jowinm, Does your screen say that it is waiting for confirmations? Or does it show a bitcoin address and ask you to send bitcoins? Once you send bitcoins to the address posted, it will instantly detect the transaction and start waiting for confirmations. |
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I'm worried that pools will be the one holding all the POB
anything we can do against that?
thanks
Hi Cryptoconomist, We will have special pools where the Bergstake is distributed to the participants. Jaybny can elaborate on how this will be done. This is a great question and I agree that it is very important that Bergstake is distributed as widely as possible during the PoW phase. |
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It's going up and the process if working well ! My little contribution, 1 BTC  .  Hi Gwada971! Excellent! |
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Hi Cryptocoinnl, They are nice, interesting, AND a big part of our project! |
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This isn't really true right?  I'm mean, for you guys it's true. On Tuesday your (The Breakout Team's) bitcoins will arrive in the form of us using BTC to buy breakoutcoins, but our coins won't arrive for another 30 days. Hey Jake, the meme just says the Coin Sale will start |
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When will berg stake be able to begin to start earning?
because someone mentioned here having to wait 2 years before it stakes, but on the front page it says "33% 7 million – Mined during PoW phase + Bergstake "on the distribution of bro after 2 years" so surely if you are taking into account berg stake in the first 2 years then they canbe staked before 2 years
the coin switches from proof-of-work to proof-of-bergstake after 2 years.. the statement is referring to the 7 million coins that are mined also have bergstake... So if I buy mined coin can i have bergstake..or do have to mine it? Jon Hi jd1959, If you mine a Breakout Coin or purchase at the Coin Sale, you will have Bergstake + coins. If you sell those coins, you will still retain your Bergstake. So if you buy mined coin, you will have the coin and not the Bergstake. |
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Here's something to consider. Anyone that wants in the ICO will be able to buy in during the 30 day period. They have 30 days to get a piece of 4.5million BRO. After the ICO ends, who is left to buy? Did a lot of people miss out? Everyone had a chance to spend their bitcoins and get some coins. Now the markets open. Who are the next buyers? Who is willing to pay more for BRO than what ICO investors paid? If they really wanted BRO, they bought it during the ICO. The buyers that are left are the ones waiting to buy BRO under the ICO value. Do you expect to see a flood of buy support that will keep the price above the ICO cost? Remember, eventually 9.5 million coins are waiting to hit the market plus 9500+ PoW coins each and every day.
Kuriso, People will buy coins to play games after the Coin Sale, even people who know nothing about crypto currency. For instance, when a player uses a fiat processor and buys $100 in chips to play Fantasy Football, those chips are denominated in Breakout Coins. In order to have a full reserve reserve for chips in play, we will go out into the open market and buy BRO to cover the $100 purchase. There will be continued daily support for BRO from the gamers.The 7m giveaway coins will be used to acquire these players gradually over 2 years. Yes, fiat will provide buy support but you also have people cashing out. Will these actions equal out? Will more people buy-in than cash-out? I dont know the answer to this. You might could find some stats from real life casinos or other online gaming sites but its hard to say what the balance will be. I buy $100 in BRO with fiat. I play craps and I lose it. The house now has my $100. Will those coins go to market? Will they be dumped on buy orders or placed for sell? I buy $100 in BRO with fiat. I play poker and I lose it. A player now has my $100. He could cash out that $100 or he could continue to play. If he cashes it out, he cancels my $100 buy support. The 2 transactions basically cancel themselves. I buy $100 in BRO with fiat. I play craps and win $200 from the house. I now cash-out my $200. I cancel out my $100 buy support and add $100 sell pressure to the market. Yes, I know the give-a-way coins will be spread over 2 years but that's still 4.5 million a year. WOW i just did the math... That's 12,328 coins a day!!! An average of 12,328 coins per day for give-a-way if the devs keep that schedule. That's more than PoW coins.Hi Kuriso, Thanks for all your input and your interest in the project. First thing I'd like to point out, is that 7m coins across two years is not 4.5 million a year. So your final numbers are off. 2nd, your examples of players cashing in and out is definitely possible for small cash transactions but I think the majority of players, and definitely the higher limit players, will be keeping chip balances or cashing out in crypto. In fact, I believe we will be introducing a lot of people to the advantages of crypto transactions over fiat. Whether players will prefer to hold BRO, btc, ltc, any other coin or fiat will be up to them. This will result in:
1) Liquidity for BRO
2) Market cap of cryptos increasing in general |
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Here's something to consider. Anyone that wants in the ICO will be able to buy in during the 30 day period. They have 30 days to get a piece of 4.5million BRO. After the ICO ends, who is left to buy? Did a lot of people miss out? Everyone had a chance to spend their bitcoins and get some coins. Now the markets open. Who are the next buyers? Who is willing to pay more for BRO than what ICO investors paid? If they really wanted BRO, they bought it during the ICO. The buyers that are left are the ones waiting to buy BRO under the ICO value. Do you expect to see a flood of buy support that will keep the price above the ICO cost? Remember, eventually 9.5 million coins are waiting to hit the market plus 9500+ PoW coins each and every day.
Kuriso, People will buy coins to play games after the Coin Sale, even people who know nothing about crypto currency. For instance, when a player uses a fiat processor and buys $100 in chips to play Fantasy Football, those chips are denominated in Breakout Coins. In order to have a full reserve reserve for chips in play, we will go out into the open market and buy BRO to cover the $100 purchase. There will be continued daily support for BRO from the gamers.The 7m giveaway coins will be used to acquire these players gradually over 2 years. |
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