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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 22, 2014, 06:00:33 PM
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please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases. There is 5% of people "pro" in general winning on poker those people will cash out... No? And losers by more. The argument over what % of people win at poker and what they do with their money is 100% irrelevant.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 22, 2014, 05:44:38 PM
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1) ICO is too small 3) POB 2 years is too long 4) 250k coins a month in POW is too large (Large mining farm will sell and put too much pressure on the price) 5) POW time line is too short
POB must start after POW so either POW is to short or POB starts in too long... cant be both. the larger the ICO, the larger the pre-mine, in order to lower the % pre-mine, POW rewards must be large. all this is to maximize distribution and minimize centralization. an even better coin would be 5 years of pow and then pob, with 7 million pow over those 5 years.. but that was too long. this is the first pob coin, and there is real technical innovation. most reason good alt-coins die, is lack of marketing and support. Breakoutcoin should be as string and "stable" as any alt-coin. if the ratio of ICO / pre-mine is to low.. the market will price it correctly. everyone said they will wait to the end if there is an uncapped ICO, maybe thats what they are doing. we are averaging 5 investors per-hour, so far the distribution is perfect. yes, not alot of BTCs have been raised yet, isnt this the best case scenario for the small ico investor? i understand everyone just looks for things to complain about, it is bitcointalk after all. I have been around long enough to know that this configuration will make people sceptical. I suggest you have a long and hard look into it. I have invested/gamble 1btc and would probably INVEST more if it would make more sense to buy now than later People are not waiting for the end of the ICO, they are waiting to see where this coin is priced on exchanges. 4.5mm / 1000btc = 4500coins per BTC Where do you expect this coin to trade? 0.0002? my guess around 0.000003 once the hype is gone That's not very attractive especially when you consider that you can already gamble with BTC on almost anything, having a few poker pro that were probably promise free coins to support the project doesn't had to a market cap higher than 50k How many poker platform online is there around? Show me a good business plan and I will find you larger than life investors but so far I haven't seen much. Just for info 888poker has a revenue of 400mm USD a year, a market cap of 465.96M GBP and it's trading at 1.3 GBP You aren't investing in Breakoutgaming. This is the ICO for Breakoutcoin, the currency of choice for the gaming platform. The best way to gauge the value of Breakoutcoin isn't the market value of Breakoutgaming, but the demand to gamble on the site. Even the crappiest of poker sites can have a few million on deposit. There are probably many people in the poker/gambling world that would love to try out the site but have no interest in crypto. There's a reason they are advertising the ICO on bitcointalk and not 2+2.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 22, 2014, 05:12:17 PM
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ICO investor here. I was thinking about the supply/demand dynamics and had a question.
Given that the casino is always taking a rake/vig on action, they are very consistently reclaiming BRO, thus increasing supply. Won't this create downward pressure on price, so long as the new cash inflow does not continually outpace the overall vig taken AND the mined coins created?
The vig doesn't increase the supply of BRO. But, I'm sure Breakout Gaming will probably have to sell off a certain amount of BRO to cover expenses. I think that's what you were trying to say, right?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 22, 2014, 02:22:39 PM
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I'm pretty sure BRO will not raise 1k BTC in 30 days.
My bet is around 100/200 BTC will be raised, 30 days is definitely too long. There is around 250'000 people "really" following BTC probably 5% of those people followed new coins maybe less.
My view is 1) ICO is too small 2) 7mm give-away is way too large 3) POB 2 years is too long 4) 250k coins a month in POW is too large (Large mining farm will sell and put too much pressure on the price) 5) POW time line is too short
More importantly I believe having a working platform before asking for BTC would have brought more attention
We hear you. Thank you for your feedback IMO, you are basing the success of BRO too much on the specifications of the coin. This is a case where most of the short-term success will be based off the usage of the coin through the Breakout Gaming platform. I care more about: 1) How will they handle a serious funding shortfall? What if they only raise 100-200btc? 2) How long before the gaming platform is ready? 3) Most importantly, how are they going to market the platform to the masses? ESPN commercials, gambling forums, B&M Casino relationships, etc? A relationship with a B&M casino would be interesting because they would offer US poker in NJ and LV. It would be cool if I could use my Breakoutcoins at a B&M casino.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|EXCHANGE
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on: October 22, 2014, 01:58:47 AM
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We are looking to raise from 7 to 15 thousand bitcoins, the minimum amount we would need for the project would be 1000 bitcoins.
Due to various factors, Breakoutcoin is reconsidering the use of CryptoNote as its core. A Bitcoin core with x13 and Stealth features is the alternative. Both cores are in development and managed by @jaybny.
We strive to provide the most secure coin and transparent development process.
Holy fuck, not even Alex Green has 7 to 15 thousand bitcoins. What happens if you don't reach 1k BTC? 42btc is nice start, but I would think to reach 1k you need a better first day. The first day is always the biggest.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 21, 2014, 11:18:18 PM
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man, I'm so on the fence about buying this coin ugh. I dont wanna be bagholding more crap but it "seems" this coin would do well with a bit of time and given the investment/hype???
Can someone please give a quick point form breakdown of why to buy or NOT buy this thing??
My nr1 reason not to buy atm is that its not clear what % of a return i can expect from my bergstake. nr2 reason not to buy u wont know @ what price your buying. reason for not buying now , 10% is nice but i think i can do better then 10% with my btc in a month and then i could invest more @ the end of the ipo. nr1 reason for buying , everything looks great they clearly seem to have really big plans for this. nr2 reason for buying , the pokerpro's will atract people. Some more considerations. While the expected return on bergstake is hard to estimate, one thing we know for sure is that the Coin Sale is the only time anyone can buy BRO AND get bergstake. So, if you wait until after the sale, any BRO you ever buy from then on will have no bergstake. You forgo the genesis-block-verified ownership of that "virtual mining rig" that would would be yours in perpetuity. Hmmm. Regarding whether you might be able to pay a lower price for that BRO without bergstake, think about this. BRO is unique with its built-in demand and expected liquidity. Unlike any other Cryptocoin OR Fiat Currency, a major igaming platform in the growing global $30 billion online gaming business will use one denomination exclusively - BRO. We've done everything we can, and are committed to doing more, to support the coin's growth and demand. Is this coin positioned to go up or down from this ground floor? And if you think you might be able to save a little by buying BRO at a lower price right after the sale, reflect on these facts. Since no price has been artificially specified during the sale, the price at which BRO enters the world is about as realistically determined as possible for a market of cryptocoin enthusiasts. But the number who know about this sale, AND are savvy enough to evaluate and act on this, AND have discretionary funds is truly small. Absolutely tiny relative to people who would buy BRO if they came across it and could use it or keep it in exchange for fiat! And the dominant portion of funds raised and BRO distributed will go to marketing and promoting BRO to make the demand grow. So what direction do you think the demand and buying pressure on BRO will be as soon as BRO hits the streets? On that quick buy BRO low timing play, "Are you feeling lucky?" I hope you, and all of us, participate and have success. How about a nice glass of shut the hell up.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 21, 2014, 06:12:32 PM
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THE ICO PRICE IS NOW 561 SATS
79BTC ($30K) MARKET CAP.
Talk about an extremely misleading post. Let's post an actually accurate mktcap and ICO price once we are 1 week in and compare and then again in 30 days and anyone buying BRO based on your post will only have themselves to blame when they ended up many paying orders of magnitude more than your posted price. You are tricking people into thinking that if they by now they will pay 561 SATS when we all now they will actually be paying far far more than that when this thing is done. EDIT: looks like they already paid 20% higher per coin than just a few minutes ago and so on and so on for the next 30 days. I can't be tricking someone if I have nothing to gain by anyone buying the ICO. If someone can't figure out what that means then they shouldn't be purchasing crypto and definitely not ICOs. Your post is also misleading because it makes it sound like I'm purposely trying to trick people when in actuality I lose when more people buy the ICO. Fair enough. But here's a more accurate pricing method. In just 4 hours 30BTC of bro has sold. 30BTC times 6X for the 24hour day times 30 days equals the current mkcap of BRO at over 20 million dollars already which means everyone buying now is paying the current price of .1485 BTC per BRO or 14,850,000 SATS per BRO. Ok, since Breakout is a gambling site I bet you by the end of the ICO, the current market cap of 30K is closer to the actual ending ICO market cap than your prediction of 20mm. 1 btc on it?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
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on: October 21, 2014, 05:52:56 PM
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THE ICO PRICE IS NOW 561 SATS
79BTC ($30K) MARKET CAP.
Talk about an extremely misleading post. Let's post an actually accurate mktcap and ICO price once we are 1 week in and compare and then again in 30 days and anyone buying BRO based on your post will only have themselves to blame when they ended up many paying orders of magnitude more than your posted price. You are tricking people into thinking that if they by now they will pay 561 SATS when we all now they will actually be paying far far more than that when this thing is done. EDIT: looks like they already paid 20% higher per coin than just a few minutes ago and so on and so on for the next 30 days. I can't be tricking someone if I have nothing to gain by anyone buying the ICO. If someone can't figure out what that means then they shouldn't be purchasing crypto and definitely not ICOs. Your post is also misleading because it makes it sound like I'm purposely trying to trick people when in reality I lose when more people buy the ICO. With that being said, you are correct in that nobody should look at my post as the current buying price, although I never said it was.
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