This may be a stupid questions, but I cant find a clear answer in the OP.
As an early investor (I invested in the 1st day of ICO) will I receive the 6000 bro per btc?
thank you in advance.
That's the plan. It should be 6300, or 6600, IMO. |
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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 (e.g. $25.00 at ICO prices), 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. [edit] All shares, no matter the size have the same chance to sign a given block. 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. |
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the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.
A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We ecpect using the 6.5 million BRO coins that we will have 750K to 1 milion registered users. That typically converts into about $25 million a month in player processing. Think about that?
Breakout Gaming MUST "buy" $25 million worth of BRO coins a month to meet its reserve. How many coins in the market, how many held in wallets and how many in circulation? What will the price of BRO be? This is the value proposition we are offering to the early buyers.
So your plan is to distribute the giveaway coins completely through the Breakout platform? |
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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. |
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7 million without Bergstake = Giveaways and Promotions. Although this is a pre-mine, the giveaways are absolutely essential to the increase in the value of BRO. These will be used to draw "live" money players and will have the effect of helping increasing the demand and liquidity on the market for BRO.
Can you explain how you will give away the coins? How can you prevent double-dipping for example? |
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Once the software is complete the BRO will sell at 1000 per btc. We feel that is enough incentive for early investors @6000 and @3000 BRO per. Once the software is done, there will be sufficient positive press and confidence that we feel will encourage a higher price.
Okay. Gotcha. Sounds reasonable. |
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the other option is to provide an interest rate on all bergstake instead of a block reward system...
So someone with 100 bergstake has as much of a chance of solving a block as someone with 1 bergstake, but gets 100 times the payout? Over a long enough time, the two types of stake are equivalent. |
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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. |
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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... The plan doesn't actually do that. They should have added a small bonus for people who have already invested, like 5% or 10% (6600 or 6300 PRO/BTC). Also, having some coins left over for "Remaining coins will be sold at the public release of beta software", is going to encourage a wait and see investment strategy after the first round of speculators jump on the 100% bonus. |
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I'd be willing to put a significant fraction of my coins into a bounty account escrowed by multi-signature, if it's possible to get the top 6 non-exchange addresses to do the same. We could require signatures of 3 addresses plus the cryptzo for spending, and only after a vote to appropriate funds. However, the wealth distribution is not really that bad. In terms of a percentiles, wealth distribution in practically all developed countries are much more top-heavy than seed coin. I don't see trolls like Barabaras launching a campaign against that. [edit]US Top 10% of Population: 73.1% of Wealth (2007, much more top heavy in 2014) |
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Don't worry, FUD is the coin itself  exclude it too. LOL  Sore loser. Price goes down, dev's trolls come out. It's obvious that you are posting in hopes that this coin doesn't do well so that you don't have to acknowledge your own failures. You are a troll to the end. You are a weak person who can not learn from failure, so you resort to trolling. You will always be hamstrung by this deficiency in your character. |
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You aren't getting my money until I see more pictures of hotties and iMacs.
Period.
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1. Zeit will have its time.
2. Give Zeit some time.
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Don't worry, FUD is the coin itself exclude it too. LOL Sore loser. |
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I just stumbled on this one. Very nice and solid after so many months.
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Ok. I will change all your Cryptsy-ZEIT into ZEIT. Gimme 100 Mil of your Cryptsy-ZEIT, i will give you 50 Mil real ZEIT. Guys, keep cool... People should just move their funds off exchanges if not actively trading, like they should be doing anyway. Someone bought some nice sells on cryptsy today. I was hoping those would stay up for a while and shake out some loose coins. |
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I will continue doing what I can to warn the people against the bad players until there are none left in crypto. I have my work cut out for me, I know.
You are just a scammer with the rest, you doosh. You are, obviously, a complete idiot. No need for me to reiterate, you do an excellent job at showing it with every single post. You are like the dude in Falling Down. You think you are doing the world a favor, but in fact you are just a deranged psychopath. You aren't part of the cure, doosh, you are part of the disease. Never forget it. |
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I will continue doing what I can to warn the people against the bad players until there are none left in crypto. I have my work cut out for me, I know.
You are just a scammer with the rest, you doosh. |
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Seed is all about staking and growing. Right now I see the #1 wallet as a large lonely tree out in the middle of a field. There are some medium trees around it, and a field of small tree surrounding that. So the large tree in the middle, is at max capacity, and every stake it receives is a new seed that falls off of it. These seeds will land randomly throughout the field and medium trees. All the seeds that the #1 wallet creates will from now on, land within other staking wallets. Right now there are approx 80 staking wallets. And the #1 stakes around 300 coins in 24 hours. We will send out transactions once a week for now, but if Cryptzo could incorporate something into the wallet, to make this a part of how Seedcoin works, I think it'd be great. Right now, (we have transaction history for about 48 hours) We have given 759.31020000 SEED away. The top #5 wallets that the seeds have fallen into and the amount of seeds they will be getting. #1 sU82EE5JeS1wHL4WZimk2V58WTKEG3peGU 17.67000000 #2 sK6kP8HUPrvRYQQ2sdHNzmqpW1tQTy34Zj 17.67000000 #3 sckWwFNQ74BYWitBvVvnCk4aYnDc3q6KPh 16.95000000 #4 sXktftnjns5yt4qQAYsS2uMEQ53Vpobovw 15.02000000 <- This wallet has 50 coins. is getting 15+ more #5 sWATgKLBVexD3zizvdV8BTQUHmHHTdY8Fh 14.99001000 * You can view the whole list and totals here. http://seed-coin.com/forest/The full idea, would be to have each large wallet that drops seeds, to drop at something like a 75/25, or 50/50 chance they sprout a branch (keep the stake) or drop a seed (lose the stake). With less than 200 wallets staking, only the #1 drops seeds at 100%. Once there are 200 wallets, now the top 2 wallets will begin dropping seeds. 500 wallets, top 3 drop. etc... Would love for Cryptzo to pipe in on this one. EDIT: I am not going to dev too much. This is a pretty simple script, that requires me to manually send transactions at the end of the week. I said my wallet was off the market, and that I'd fund bounties etc.. But nothing has come up about bounties, giveaways, so I thought this idea would be better. For a moment I thought the idea of giving away 90% was about to take shape... you know, to be able to create a (small) community out of nothing; some value, real value, out of nothing. But, of course, I was wrong. Another idiotic scheme to try and keep engaged a few losers still believing in this piece of shit... while inflicting the ultimate strokes into Pink coin at the same time. Masterful, Fayoling, you are a genius indeed. Such a genius that you are going to have the dubious honor of driving to the ground two coins at the same time. Congrats in advance. Weren't you saying that they needed to be destroyed? Personally this reads like you want to buy cheap and then have the top holders destroy all their coins and give way the rest so that you would control the majority. Why should he give away all the coins to people who will most likely just dump them when he can use them to reward anybody who stakes. More incentive for people to get into Seed and start staking supporting the coin to get a bonus then to just give them away to dumpers. As has been stated many times if you have no interest in Seed why continue to strategize and post? (Yes you supposedly have a large stake of Pink but judging by you dissatisfaction of the Devs in the Pink thread why don't you just stop the FUD storm and do something that makes you happy in life) Just to clarify a point I made days ago regarding that I saw "a slight opportunity when (not if) markrt cap goes under $10k..." That statement was made under the assumption that, long before now, fayoling and his four co-holdrrs of 60% of thevtotal coins would have already donated and burned 90% of their coins...WHICH IS THE ONLY POSSIBLE WAY FOR SEED TO SURVIVE. If 10% of those 1.7+ million coins are donated for future projects and ghe other 1.5 + million are destroyed, then there' a small, remote chance of survival for SEED. Otherwise nine whatsoever at all.
Reason being, obviously, a supportive community and a distribution that makes fair and logical sense.
Any chances of that happening? I'd say slim to none... but i have been wrong before...
One thing's for sure though: the parties have nothing to lose if they do it and potentially quite a bit to gain; not diing it is losing it all for sure.
I have edited the post for clarity for, amazingly, it wasn't -it appears, at least in your case-, clear enough: By "give away" I meant throw away, get them destroyed. Is it clear enough now? It works like this: The present "value" of SEED is ZERO. Yep, ZERO. There's no "market cap". If Fayoling tries to sell his 740,000 coins, he won't get even close to the 1 BTC he invested, even if he takes some time in doing so. SEED, as it stands, has no value whatsoever, none. Now, if Fayoling and at least the other top 5 wallets burn, destroy 90% of their coins, there would be left roughly 1 million coins total. First thing that would happen, immediately, is that SEED will have "some" real value, probably in the $15 to $ 30,000 to start; second, it would have a community of shorts -maybe 100 holders-, pushing to save it in their own real interest, even perhaps investing some real money in it. As a consequence, let's assume the REAL VALUE reaches $30,000 -it could go much higher than that easily-, now Fayoling's stake would be worth -and cashable- $2,220. As opposed to ZERO now and no project, no nothing. Get it now? The same would be true for ALL the rest of the SEED holders: From gaving nothing, tpo have something. And a project to push. It is THAT simple. The other thing that you have wrong is the part where you state I have a "large stake in Pink"... I have, as I have repeated a few times, a very modest financial investment in Pink. I have a very deep investment in it though, just not financial. You see, I supported that coin project from the very beginning. It was presented as a different project, transparent and honest... As a consequence, I put it on my WALL OF HONOR (only coin ever), and I openly supported it until I started to discover that it was just the usual hornet's nest of lying, cheating, greedy devs taking advantage of people. It's personal now, not just a result of my very modest investment. I hope you get that straight. Get something else: contrary to 99% of people in alt, I am in it not only to make money -which would be very nice indeed-, but because I believe it is a technology worth protecting from the lying, greedy bastards that are delaying it's adoption in the real word. The bad players have to be exposed and eliminated. Not just the lying, greedy bastards but also the bad, unprepared players willing to become lying, greedy bastards pretending that just forking a coin is actually contributing to push the technology forward. I will continue doing what I can to warn the people against the bad players until there are none left in crypto. I have my work cut out for me, I know. tl;dr I am judge and jury and shit all over everything. |
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Use the Quickstart Bar (Explorer) on OP. Link is always actual. Please do not use any history links. It should be in "strike-through":  |
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