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Author Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts  (Read 231252 times)
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altcoinUK
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October 22, 2014, 01:33:20 PM
 #801

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.


how can you trust this people behind the coin ?
just because of the transparent btc address?
it's funny, when the ICO is done, all the btc would be gone.
who is your escrow?

Well, I have nothing to do with the BRO team, but reading your nonsense I have to jump into this discussion and ask a few questions: what difference the escrow does make in the context of an ICO? Since the escrow exchange (by definition) transfers the fund to the team, how the escrow exactly prevents the BTC "be gone" once the BTC was transferred? Do you understand what escrow means at all? Are you aware there were plenty of scams despite the ICOs were escrowed? The reasons of that is, once the escrow is released the BTC could "be gone" any time.
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October 22, 2014, 02:08:50 PM
 #802

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
JakeThePanda
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October 22, 2014, 02:22:39 PM
 #803

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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October 22, 2014, 03:17:16 PM
 #804

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.



Thank you quazsx...  I understand the fear of certain people due to all of the scams that happened.  This ends up hurting all of us.  Breakout Gaming is not just about some people with bitcointalk handles, it involves so many other people who put their money as well as reputation on the line.  It would be nice if people would at least go to our website and investigate more...

We are working hard still to make this happen.  Thank you all for your support.

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..BREAKOUT STAKE ..
  M U L T I C U R R E N C Y   S M A R T   C O N T R A C T S   +   S I D E C H A I N S
  A N N     |     W E B S I T E     |     T W I T T E R     |     G I T H U B    ★  C O I N S A L E   J U L Y  10  –  J U L Y  24  ★ 
.
█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
brother3
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October 22, 2014, 03:24:31 PM
 #805

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.


how can you trust this people behind the coin ?
just because of the transparent btc address?
it's funny, when the ICO is done, all the btc would be gone.
who is your escrow?

Well, I have nothing to do with the BRO team, but reading your nonsense I have to jump into this discussion and ask a few questions: what difference the escrow does make in the context of an ICO? Since the escrow exchange (by definition) transfers the fund to the team, how the escrow exactly prevents the BTC "be gone" once the BTC was transferred? Do you understand what escrow means at all? Are you aware there were plenty of scams despite the ICOs were escrowed? The reasons of that is, once the escrow is released the BTC could "be gone" any time.

Thank you altcoinUK.
NOjust,  while escrow used to be popular, it is no guarantee.  In addition to what altcoinUK said, just look at the Mintpal/Moolah situation...

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..BREAKOUT STAKE ..
  M U L T I C U R R E N C Y   S M A R T   C O N T R A C T S   +   S I D E C H A I N S
  A N N     |     W E B S I T E     |     T W I T T E R     |     G I T H U B    ★  C O I N S A L E   J U L Y  10  –  J U L Y  24  ★ 
.
█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
jaybny
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October 22, 2014, 03:45:33 PM
 #806


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.


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October 22, 2014, 03:47:36 PM
 #807

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.


how can you trust this people behind the coin ?
just because of the transparent btc address?
it's funny, when the ICO is done, all the btc would be gone.
who is your escrow?

Well, I have nothing to do with the BRO team, but reading your nonsense I have to jump into this discussion and ask a few questions: what difference the escrow does make in the context of an ICO? Since the escrow exchange (by definition) transfers the fund to the team, how the escrow exactly prevents the BTC "be gone" once the BTC was transferred? Do you understand what escrow means at all? Are you aware there were plenty of scams despite the ICOs were escrowed? The reasons of that is, once the escrow is released the BTC could "be gone" any time.

Thank you altcoinUK.
NOjust,  while escrow used to be popular, it is no guarantee.  In addition to what altcoinUK said, just look at the Mintpal/Moolah situation...

known public figures > any altcoin escrow/exchange

Currently there is no escrow out there on bitcointalk to compete with this alone:

https://twitter.com/REALJenHarman/status/511709224775467009
https://twitter.com/back2backflack/status/511684185379987456
https://twitter.com/ForrestTed/status/511673494455599105
https://twitter.com/_DavidBenyamine/status/511745726192578560

brother3
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October 22, 2014, 04:38:04 PM
 #808

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.


how can you trust this people behind the coin ?
just because of the transparent btc address?
it's funny, when the ICO is done, all the btc would be gone.
who is your escrow?

Well, I have nothing to do with the BRO team, but reading your nonsense I have to jump into this discussion and ask a few questions: what difference the escrow does make in the context of an ICO? Since the escrow exchange (by definition) transfers the fund to the team, how the escrow exactly prevents the BTC "be gone" once the BTC was transferred? Do you understand what escrow means at all? Are you aware there were plenty of scams despite the ICOs were escrowed? The reasons of that is, once the escrow is released the BTC could "be gone" any time.

Thank you altcoinUK.
NOjust,  while escrow used to be popular, it is no guarantee.  In addition to what altcoinUK said, just look at the Mintpal/Moolah situation...

known public figures > any altcoin escrow/exchange

Currently there is no escrow out there on bitcointalk to compete with this alone:

https://twitter.com/REALJenHarman/status/511709224775467009
https://twitter.com/back2backflack/status/511684185379987456
https://twitter.com/ForrestTed/status/511673494455599105
https://twitter.com/_DavidBenyamine/status/511745726192578560



Thank you qawzsx

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..BREAKOUT STAKE ..
  M U L T I C U R R E N C Y   S M A R T   C O N T R A C T S   +   S I D E C H A I N S
  A N N     |     W E B S I T E     |     T W I T T E R     |     G I T H U B    ★  C O I N S A L E   J U L Y  10  –  J U L Y  24  ★ 
.
█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
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October 22, 2014, 04:47:40 PM
 #809

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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████BREAKOUT STAKEWEBSITEMULTICURRENCY SMART CONTRACTS + SIDECHAINS ANN ★  COINSALE July 10 – July 24  ████
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October 22, 2014, 04:51:21 PM
 #810


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.



If you see whats going on in any way as "best case scenario" you are deluding yourself and setting yourself up for a rude awakening.
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October 22, 2014, 05:03:08 PM
 #811

Posting the equivalent of "Do you still beat your wife" will not be tolerated and deleted immediately.

All constructive discussion whether positive or critical is welcome.

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████BREAKOUT COINWEBSITEMULTICURRENCY SMART CONTRACTS + SIDECHAINS ANN ★  COINSALE June 13 – July 7  ████
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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October 22, 2014, 05:06:48 PM
 #812

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?

Basically, the price of the coin will only go up when the growth of the site outpaces both the mining supply created and the vig taken.

I'd love to see your pro forma to understand the kind of growth you're expecting based on comparables in the industry.
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October 22, 2014, 05:10:08 PM
 #813

Posting the equivalent of "Do you still beat your wife" will not be tolerated and deleted immediately.

All constructive discussion whether positive or critical is welcome.


What if I post links from independent sources proving the alleged wife beating? Still deleted immediately? You bet!
JakeThePanda
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October 22, 2014, 05:12:17 PM
 #814

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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October 22, 2014, 05:17:06 PM
 #815

please use this non moderated thread for anything goes discussions:

https://bitcointalk.org/index.php?topic=813333

jaybny
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October 22, 2014, 05:18:32 PM
 #816

new ICO coin, but without escrow?
only sell the coins in its own websit?

Good point.

What about some transparency?

For example .....no cap for ipo? well...
What if you get 1000 BTC. You can always say that you collected 2000 BTC.
Price will be 2x bigger and you can put 50% of your premine in your own wallet. Right?
Too scary for me....
I´m not investing with these conditions.



You should stay away from any altcoin out there dude, you have no idea...
Just check the btc address where all the funds are going. There is transparency 100%, at least for people who have an idea what they are doing in crypto world.

Btw, I can trust the people behind the coin more than I can trust some dudes behind an exchange.
what about MagicalTux? we can trust him!! lol  Wink

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October 22, 2014, 05:26:22 PM
 #817

Invested some BTC received for my translation! Wink

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October 22, 2014, 05:33:02 PM
 #818

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?
Misworded. It increases the supply that is being sold, not the total # of coins. As they earn BRO via vig, I'd expect them to convert to cash, if they are a rational business.
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October 22, 2014, 05:36:33 PM
 #819

Is this a go even if only 500 BTC are being sold for example?
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October 22, 2014, 05:39:34 PM
 #820


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 add to a market cap higher than 50k

How many poker platforms 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 (it's was trading at 0.5gbp in 2011)
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