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Author Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts  (Read 232993 times)
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JakeThePanda
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October 22, 2014, 05:44:38 PM
 #821


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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October 22, 2014, 05:53:06 PM
 #822


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.

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

The old days of people investing thousands of BTC's without at least a business plan is over
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October 22, 2014, 05:55:39 PM
 #823


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.
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October 22, 2014, 05:55:59 PM
 #824


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

the gaming company will denominate all playing chips in breakoutcoins. as more and more players deposit fiat to play games, they will be required by regulators to hold more and more breakoutcoins in reserve.

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October 22, 2014, 05:58:18 PM
 #825


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?

I play on Kate8 poker and Pokershibes freeroll only and cash out all every time I can
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October 22, 2014, 05:59:28 PM
 #826


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

the gaming company will denominate all playing chips in breakoutcoins. as more and more players deposit fiat to play games, they will be required by regulators to hold more and more breakoutcoins in reserve.


You/I need a Business plan
JakeThePanda
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October 22, 2014, 06:00:33 PM
 #827


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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October 22, 2014, 06:01:12 PM
 #828


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?

yes, but assuming a continuous stream of deposits, the reserves should always be steady to growing.. of course, there will always be selling after withdrawals.

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October 22, 2014, 06:01:35 PM
 #829


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.

so winner cash out more... you're going in circle

The idea is very attractive I just want to see a business plan. Then I can price this coin better... right now it is a gamble

1 BRO could be worth 1000usd or 0.1 cents... I have no idea
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October 22, 2014, 06:09:31 PM
 #830



so winner cash out more... you're going in circle

The idea is very attractive I just want to see a business plan. Then I can price this coin better... right now it is a gamble

1 BRO could be worth 1000usd or 0.1 cents... I have no idea

Please tell me you didn't just figure out that buying crypto is a gamble? Cheesy  Nobody knows the answer to your question and I don't care how good the business plan is.

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October 22, 2014, 06:10:40 PM
 #831

Invested some BTC received for my translation! Wink

Thank you my friend!

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..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, 06:12:29 PM
 #832



so winner cash out more... you're going in circle

The idea is very attractive I just want to see a business plan. Then I can price this coin better... right now it is a gamble

1 BRO could be worth 1000usd or 0.1 cents... I have no idea

Please tell me you didn't just figure out that buying crypto is a gamble? Cheesy



it can be an educated gamble like Texas Hold'em or Private Equity
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October 22, 2014, 08:25:40 PM
 #833

Such scam! Very wow!
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October 22, 2014, 08:28:50 PM
 #834

Such scam! Very wow!
yes.. scam like bitcoin, and usd fiat.

Pica-Pau gold and silver

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October 22, 2014, 08:32:09 PM
 #835

It's a quite interesting scenario: great team, well organized operation and a perfect use case (gambling),  it is not a scam and still the ICO is unsuccessful. That indicates to me the altcoin party is over. Scammers, vaporwares, forked software with only two lines changed in the original BTC/LTC code collected millions of dollars during this summer - now even transparent operations like BRO is unsuccessful. One way this is good because the level of scam in the altcoin market was ridiculous, on the other hand that means even good ideas like BRO and digital currency adoption in general will be slowing down.


nope. bitcoin / litecoin may just be the new palm pilot.

and buying early may be the new bad play.

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October 22, 2014, 08:33:32 PM
 #836

1 BRO could be worth 1000usd or 0.1 cents... I have no idea

BINGO! there is the value. and the risk reward equation is your own. and the free market takes the consensus and comes to a final price.

price != value  


You make no sense... No one will invest large amount of BTC's in this circumstances. The aim of the ICO is to get funds to get the coin online?

If the answer is yes then the team need to make a business plan and make sure people that took a risk in supporting this coin won't be losing money vs the people buying late on exchanges and mining later.

What you want is to create a community that support this coin! If early investors lose money they won't support it down the line and that will damage the credibility of the coin and the platform.
 

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October 22, 2014, 08:34:38 PM
 #837

It's a quite interesting scenario: great team, well organized operation and a perfect use case (gambling),  it is not a scam and still the ICO is unsuccessful. That indicates to me the altcoin party is over. Scammers, vaporwares, forked software with only two lines changed in the original BTC/LTC code collected millions of dollars during this summer - now even transparent operations like BRO is unsuccessful. One way this is good because the level of scam in the altcoin market was ridiculous, on the other hand that means even good ideas like BRO and digital currency adoption in general will be slowing down.




nope. bitcoin / litecoin may just be the new palm pilot.

and buying early may be the new bad play.  

think about a. foster dropping to the 3rd round .. this may be in play for this coin... a value buy

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October 22, 2014, 09:27:51 PM
 #838

 Tongue

regarding the 1000 minimum

the coin is going to launch with all ico investors in genesis block regardless



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October 22, 2014, 09:32:44 PM
 #839

1 BRO could be worth 1000usd or 0.1 cents... I have no idea

BINGO! there is the value. and the risk reward equation is your own. and the free market takes the consensus and comes to a final price.

price != value 


The aim of the ICO is to get funds to get the coin online?


no.

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October 22, 2014, 09:47:40 PM
 #840

1 BRO could be worth 1000usd or 0.1 cents... I have no idea

BINGO! there is the value. and the risk reward equation is your own. and the free market takes the consensus and comes to a final price.

price != value  


You make no sense... No one will invest large amount of BTC's in this circumstances. The aim of the ICO is to get funds to get the coin online?

If the answer is yes then the team need to make a business plan and make sure people that took a risk in supporting this coin won't be losing money vs the people buying late on exchanges and mining later.

What you want is to create a community that support this coin! If early investors lose money they won't support it down the line and that will damage the credibility of the coin and the platform.
 



for taking more risk you get higher potential reward, cant reward risk with less risk.

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