We are considering raising the BRO per BTC to 5000 for anyone that was sitting on the fence. This would also effect buyers that bought below 5000 (there were not many), they would get a bump up to 5000 also.
With a working prototype, this isn't going to be necessary. Let this ICO end at these prices and then come back and start at 2000 BRO/BTC. People will buy then, once they learn you have a functioning platform. Lowering the price now isn't going to drive sales in the short term. People aren't buying because they don't know about the working tech, not because BRO is too expensive. |
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  I think the latter is correct. |
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Hi everyone, Quick question: once the sale is done, the wallet will be automatically available for download (and use) and also, will the coin be available on some exchanges already? Want to know if it will happen automatically somehow or more days will have to pass (if yes, when this can be estimated that will happen?). This is the first fundraiser I participate, therefore the above questions  Thank you! My understanding is that it will be a while after this sale. My guess is that they will wait until they have a working prototype and then hold another sale for the remaining unsold genesis coins, probably at a higher price. Once they have reached the funding target, then the coins will be available, probably by downloading a client and importing the encrypted wallet that you received when you bought the genesis coins. At the same time, there will be innumerable people who complain that the price after release of the working platform should be as low as it was weeks before and that people who took a chance early on somehow had an unfair advantage. At the same time as that, the devs will not bother running troll control software, probably to be nice guys. |
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of course what in gods earth would we know about anything? We are only silly stupid morons that really need saving from ourselves.
If you make that statement singular, instead of plural, You would be absolutely spot on indeed. Man, it's harsh. I know, you can behave better to fellow human beings. The professionalism of this thread has deteriorated a little. This might help: https://bitcointalk.org/index.php?topic=850210.0 |
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How do you propose this?
Either
A . Destory all the berg stake connected to the addresses when selling on bter because you cannot transfer them - this doesn't work it gives breakout over 50% control of all future earnings for the coin.
B. They keep the coins - Even worse
C. they some how manage to set up an agreement with bter to allow people to transfer address which would be an incredible amount of fucking around which no exchange is likely to do.
The berg stake is what prevents your idea for being simple and turning into something more complex and a huge waste of time .
Can we please stop using the stupid logic that the IPO was a fail because it wasn't on an exchange, i know some people are very simple minded and see that because recently bitbay made thousands in a few days that it is all about being on an exchange, But it is a proven fact that it is possible to get 50 times more BTC while not being sold on an exchange.
There are 20 different reasons all causing the lack of funds that were collected and a few big reasons like nothing to actually see .
I'm not going to argue for an exchange offering, but Bergstake is not a hindrance to anything, or at least shouldn't be. For example, you can host an ITO on an exchange. When it is over, buyers can move coins to the token wallet. They have say 2 weeks to move the coins to their wallet. Then at some time a snapshot of the chain could be taken which reflects the BRO genesis distribution. People then use their token keystore (wallet.dat) as their BRO keystore and the BRO coins appear on first launch with of the BRO wallet client using the token keystore. I just made that sound a lot more complicated than it actually is. In short. Buy tokens. Send them to token wallet. Backup the token wallet.dat. Wait. Launch the BRO client. Point the BRO wallet client to your token wallet.dat backup. Enjoy your genesis BRO coins and Bergstake. Now, whether it is a good idea to host a sale at an exchange is another topic entirely. |
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There's no "private sale" possible. That is simply an euphemism for the BG team to keep the 8.3 million coins + bergstake and paying themselves for it
Where are you getting your information? I think they already said they wouldn't do anything like this. You are right about your main point though: there needs to be more clarity on the fate of the unsold ICO coins. |
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Jay's resume alone should warrant thousands of btc for this ICO. So many people missed an opportunity here. If people did just a little bit of research they would have uncovered talent not seen in any other project on these forums. No one has missed an opportunity yet. The coin is still for sale. |
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Why are non fud posts being deleted? Are you guys trying to drive people away?
What non fud post was deleted? Are being deleted only fud posts or that are quoting fud posts The one I pointed out to one guy that he is running around with blinders on that is not advantageous and that his use of the English language is sub-par. "Wahhhhhh. Why are you guys not making me rich? My English is better than yours. You support of this project means you have blinders on!!! Boo hooo." Good post: "I understand this is an open source project and the devs have never gotten paid by anybody. I understand that when I buy coins at an exchange, my money is not going to the devs, it's going to someone else, who, like me, bought their coins at an exchange. I understand that the entire money supply of the coin has gone through the exchange at least 4 times. Like the devs, I contribute this coin to help my own investment. Here's what I have done and I think it will help adoption of XST and my investment. It feels good to help. I'm glad I'm not a whiner." Hope that helps! |
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yes is nice post.... @tx42 Hah. Sorry. Somehow I quoted and posted the whole OP. I got a message that the devs deleted it. But you are right. It is a nice post. They deleted my post too, all I said was that it was unprofessional to miss dead lines, now they say the middle of December? If they keep censoring us this coin won't last long! if you dont have trust and patient than go to other shitcoins, here we dont need, we have the best team behind XST, in the we will be the winners..... All I said was it was unprofessional to miss deadlines, which it is. As you can see the price is dropping back down, and we have moved off the first page on Bittrex. If everyone took your advice and switched to other shit coins then you would be left with nothing. It's open source. You are responsible for your own investment. If it's not professional enough, jump in and help. Dooshers like yourself expect the devs to work and make them money. But what have you done for the devs. If you bought at an exchange, some whale has your BTC, and you should go talk to them about being professional. People like me buy low when dooshers get out. So be my guest. Buying is good now. Try me if you think I am full of shit. I want your cheap coins, doosher. And it will really make me happy if I know I got them from you at a loss for you. |
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It's pretty obvious from the BreakoutGaming website that the games are in final stages of development; I won't be surprised if a prototype is announced any day now
I've already invested heavily in BRO, so this isn't meant to be fud, but when you calculate your risk, screenshots don't mean anything. Separate what is real from what you hope for so much that it seems real. Then, put numbers on reality and you have risk. Then base your investments on that risk and its comparison with an honest assessment of the potential gains if risk where 0 (100% chance of success). |
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yes is nice post.... @tx42 Hah. Sorry. Somehow I quoted and posted the whole OP. I got a message that the devs deleted it. But you are right. It is a nice post. |
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As much as current investors would love to have 8M divided among them, I think to be fair to both current & potential investors on the sidelines, and to allow BRO Devs to raise more funds, the BRO team should first release some Breakout games (at least a Demo) to raise investor confidence, then once major PR has been done, they should host a new 5 Day coin sale to give people on the sidelines ONE LAST CHANCE to obtain BRO WITH Bergstake.
This is what I propose for the next phase, but they should change it as they see fit:
Day 1: 3000 BRO + bergstake per 1 btc
Day 2: 2500 BRO + bergstake per 1 btc
Day 3: 2000 BRO + bergstake per 1 btc
Day 4: 1500 BRO + bergstake per 1 btc
Day 5: 1000 BRO + bergstake per 1 btc
After this new 5 Day sale, all remaining BRO + Bergstake should be divided among ALL ICO investors according to the amounts they invested, this way the entire 10 million Genesis Breakout Coins + Bergstake goes to ICO investors, as originally intended in OP.
Then once Breakout games have been fully tested and released, unleash this monster coin on all major exchanges and watch this baby rise to Top 5 on Market Cap list.
That's an absurd idea. If a demo is available, it reduces the risk monumentally. Look at my math based on a risk of 0.15% success. That means the opening valuation should be 450 BRO per BTC if a prototype is available. |
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Agreed, destroying the unsold 8M is NOT an option since the Devs share of 2.5M will then account for more than 50% of Bergstake power.
Yes, a plan should be in place to prevent the consolidation of stake into a 50+% holding. One way is to award devs the coins but to sell the Bergstake in a separate public offering, allowing ICO investors to keep the Bergstake they have because they have already bought it. It's not a good idea to give the devs 50+% power over the blockchain, no matter how well intentioned they might be at this stage of the coin's life. This is the main reason why Bergstake should not go to private buyers. If they have better knowledge of the gaming platform than public buyers, then they could get a better much better deal if risk is factored in. There would be a strong incentive to accumulate as much Bergstake as they could, simply for easy profits. Right now risk is very high. If a platform becomes available between these public offerings and a private sale, then the risk plummets. You can put numbers to all this. When I bought, I felt like the chance of these developers delivering a working platform was about 15%. That means, to break even, I have to feel like the ROI is going to be at least 667% given a working platform. That ROI includes the value of the Bergstake for several years. If I expect the value of the coins themselves to increase 4 times, then the Bergstake must be equal to 267% of my investment. Remember that is to break even given my risk estimation. If the platform is working and provable, then the chance for break even just on the value of the coins is going to be 100%. That means a private seller can buy coins and stake and then sell just the coins at cost for an immediate 267% profit in Bergstake. The BRO devs need to think about these issues carefully when deciding how to handle unsold genesis coins. |
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As I said before, the remainder of unsold BRO, should either be:
1. Offered through 4-5 day coin sale on BTER or BITTREX, (even without Bergstake)
Especially without Bergstake if the coins are sold in such a way that the sale price would be less than any first-phase ICO price (less than 3000 BRO/BTC). |
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with the Huge jump in BTC price today we should get an increase in the coins we get about 25% id say so can we get back to 5k for 1 btc now ?
pretty much same value in USD or are we penalized for investing in BTC ?
This actually makes it Alot more expensive to get in late if u count BTC value in USD wich i do.
People who invested early took a chance on BTC going down significantly, which it can and has done. What would you say to an early bird if he wanted more BRO because BTC went down since investing? That's essentially your suggestion with the currencies switched. |
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Why would anyone do this ?
I cant imagine anyone buying into the ICO after it left the 5500 range.
It makes no sense at all.
The 8% that u had before for early investors was fair this is just crazy.
I like the new deal for the bergstake glad u saw it my way in the end.
But now u have robbed me of the chance to invest i would have been interrested at the 6500 range but or even 8% over that but whats happening now is beyond all reason who thought up this construction?
When I'm going to invest in a coin, I watch the thread like a hawk. How is it that you are only finding out now about the current ICO structure? It's somewhat of a fallacy to compare the price against what others have already paid. When someone buys Apple stock now, they don't compare it to when it was trading a $4 a share. |
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If we do not reach our intended goal of estimated 700 BTC, then we will raise the difference in a private sale in order to advance the project. The second phase will absolutely be offered to public first, once the project is able to go forward under better circumstances as you suggested. Hope this clears things up. Thanks for the clarification. I'm forwarding this to potential investors. |
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You can't change the ICO every 3 days people will get pissed.
My suggestion is to get the platform working ASAP then extend the IPO until we get the fund needed.
Now, going back to the original idea, coming out with a product that everyone can see, test and value AND let the market decide the price of the coins as it was originally planned, can be done, achieve great results and get the thing moving within 7 days, instead of collecting a paltry amount that will do good to no one at all.
What if, the current ICO stands as it is, and the trading of the coins can start etc. Development will proceed, and after a while when there is something to show (a demo or something), hold another ICO with the price the markets have decided between the two ICO's. The time between could be a month, or 6 months depending on how fast the development goes. That sounds like a viable option ... if these guys can afford to proceed with only 300-350 BTC, which would be more of a VC offering than a real ICO, leaving the bulk of the coins (roughly 8 million) to be offered in the real ICO. Sensible option, if they can afford it, otherwise it is hard to imagine that 350 BTC would be enough to even start something as complex and costly as Breakout Gaming. And without Breakout Gaming, there's no reason whatsoever for BRO to have a value above those 350 BTC ... for the whole 12.5 million coins. I'm sure your very sensible suggestion will be rightfully evaluated and hopefully, assumed. I've interpreted this as the plan all along, only with the names changed. I imagine that the coins that don't sell during this initial ICO will be offered for a much higher price to private buyers after the ICO and after a functional platform is demonstrable. The only difference is the public aspect of the second phase of the offering. I have essentially suggested such a public offering before, but the bro devs said that was not the plan. They should reconsider. If coins are offered for sale after a prototype is working, come back with a public offering before going to private buyers. Actually, that would only make good business sense. One way to set the value would be just to offer all the remaining coins in a second public offering and distribute them proportional to investment. |
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It's still closed source. The bit depth of the security is unknown. It doesn't look like they have solved the problem of bloat. But don't worry, SDC will suffer from all these same drawbacks. zk-snarks are expensive no matter how you slice it. If zerovert didn't screw up royally here, then SDC is beat. |
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