[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts

[ofortuna]

Russian translation:

https://bitcointalk.org/index.php?topic=822515.0

Best regards,
*Sakura*

Thanks for the great translation work!

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[drkman]

I vote yay .

edit: if you tell me exactly what your worried about and what you are looking for as an ICO investor, I can put a technical perspective on it, and im open to be convinced to changing the specs. things are dynamic, and flexible.

for example, other investors had asked that we switch to an alternative from CryptoNote. These are all not the core value of the coin, and ultimately the coin is owned by all of us, and if he makes a compelling argument I will bring it up myself. So lets hear what you, as a small or large investor would like .

 

Thanks for the replies.
1.  Do you know what the ICO pricing will be per BRO?  Because with 14 million outstanding BRO with a tremendously fast 33% 2 year dilution emission curve, then it could easily be the case that the ICO will represent peak prices over the near to medium term simply due to the bulk selling of miners over the next 2 years.  Add in the fact that users that got their BRO for free will be far quicker to dump for any price (because their cost basis was zero) and you have another huge 7million 33% dilution dumping on the market.

2.  Was there ever a consensus about the "coin killing flaw" that possibly exists in all Cryptonote coins?  If you haven't read the thread, you need to and this is not the scam thread, but the thread covering the possible coming attack on the Monero blockchain.  If all cryptonote coins do have either a backdoor, or a fundamental flaw, then it's best to iron this out now before launch.  Also, gaming and gambling cause more blockchain transactions that most everything and Cryptonote coins are vulnerable over the long term to blockchain bloat.  Maybe the 2 technologies are not as good a match as previously believed.  Have you considered just using energy efficient X11?  Still GPU only and will most assuredly stay that way for the remainder of the 2 year POW phase and most miners are already familiar with this protocol so you get your stated goal of reaching the widest distribution.  Plus, you don't have to worry about some secret super high hashing GPU miners as has been the case with the Cryptonote coins.  
Also, if you desired blockchain anonymity, You could still get the anonymity of cryptonote and others by allowing BRO users the option to simply plug into the SuperNET family of coins to gain access to Boolberry (a cryptonote coin) or BTCD's anonymizing Teleport technology.

3.  Consider giving away less BRO and deliver far more coins in the ICO with the goal of lowering the price per coin.  Kinda sucks asking someone to pay real money for an unknown price for a coin only to have that same company then give away almost twice as many BRO for free in order to drive customers to their for profit gambling business for the financial benefit of the owners of said business.  Just rubs investors the wrong way unless you were also going to give Bergstake or ICO holders real ownership shares in the actual Breakout Gaming corporation.....which I would be all for................the blockchain could be a certain percent owner of Breakout Gaming and then everyone that owned the coin would share that ownership.

[pvnamk19]

I will vote for the idea of distributing Bergstake of 7 million – Giveaways BRO to ICO investors.
Can Devs say something about pluging BRO into the SuperNET?
Thanks!

[jaybny]

I vote yay .

edit: if you tell me exactly what your worried about and what you are looking for as an ICO investor, I can put a technical perspective on it, and im open to be convinced to changing the specs. things are dynamic, and flexible.

for example, other investors had asked that we switch to an alternative from CryptoNote. These are all not the core value of the coin, and ultimately the coin is owned by all of us, and if he makes a compelling argument I will bring it up myself. So lets hear what you, as a small or large investor would like .

 

Thanks for the replies.
1.  Do you know what the ICO pricing will be per BRO?  Because with 14 million outstanding BRO with a tremendously fast 33% 2 year dilution emission curve, then it could easily be the case that the ICO will represent peak prices over the near to medium term simply due to the bulk selling of miners over the next 2 years.  Add in the fact that users that got their BRO for free will be far quicker to dump for any price (because their cost basis was zero) and you have another huge 7million 33% dilution dumping on the market.

price will be market driven. there will be miner dilution over 2 years, giveaways will be managed with demand, and even if ICO is peak near term, you get to sell in first 2 years, and then get to sell again with rewards from bergstake. if you feel ICO will be peak price and peak EV, then its probably not a good idea to invest.  

2.  Was there ever a consensus about the "coin killing flaw" that possibly exists in all Cryptonote coins?  If you haven't read the thread, you need to and this is not the scam thread, but the thread covering the possible coming attack on the Monero blockchain.  If all cryptonote coins do have either a backdoor, or a fundamental flaw, then it's best to iron this out now before launch.  Also, gaming and gambling cause more blockchain transactions that most everything and Cryptonote coins are vulnerable over the long term to blockchain bloat.  Maybe the 2 technologies are not as good a match as previously believed.  Have you considered just using energy efficient X11?  Still GPU only and will most assuredly stay that way for the remainder of the 2 year POW phase and most miners are already familiar with this protocol so you get your stated goal of reaching the widest distribution.  Plus, you don't have to worry about some secret super high hashing GPU miners as has been the case with the Cryptonote coins.  
Also, if you desired blockchain anonymity, You could still get the anonymity of cryptonote and others by allowing BRO users the option to simply plug into the SuperNET family of coins to gain access to Boolberry (a cryptonote coin) or BTCD's anonymizing Teleport technology.

excellent points, yes, we are aware of recent cryptonote issues and have backup plans in place, such as x11 or x13, but even without CryptoNote, we can still use CryptoNight, no? I am not familiar with SuperNET, but if it provides anonymity without the bloat, its a huge plus. not sure there will be time to make a change, but again the ICO investors will be able to demand changes with majority vote using bergstake.

3.  Consider giving away less BRO and deliver far more coins in the ICO with the goal of lowering the price per coin.  Kinda sucks asking someone to pay real money for an unknown price for a coin only to have that same company then give away almost twice as many BRO for free in order to drive customers to their for profit gambling business for the financial benefit of the owners of said business.  Just rubs investors the wrong way unless you were also going to give Bergstake or ICO holders real ownership shares in the actual Breakout Gaming corporation.....which I would be all for................the blockchain could be a certain percent owner of Breakout Gaming and then everyone that owned the coin would share that ownership.

the giveaways will be done though gaming platform, in small amounts, over long periods of time, and they will not just be able to cash out immediately. the giveaways are key to building the gaming business, which uses BRO denominated chips. also, ICO investors get Bergstake. regarding ownership, the coin does not represent ownership of any kind, the coin only represents what it is; a decentralized crypto currency.

[*Sakura*]

Dev, I have just one question. If I will mine on pool during PoW, how the pool will send me Bergstakes?

[jaybny]

Dev, I have just one question. If I will mine on pool during PoW, how the pool will send me Bergstakes?

Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.

[devrilz]

i like the game... 

[*Sakura*]

Dev, I have just one question. If I will mine on pool during PoW, how the pool will send me Bergstakes?

Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.

Thanks. This is important.

[zarton]

Spanish translation -> https://bitcointalk.org/index.php?topic=823513.0
 

[ofortuna]

Spanish translation -> https://bitcointalk.org/index.php?topic=823513.0
 

Thanks Zarton!   

[Randy M Kim]

i like the game... 

Which game?

[duckfever]

Question : How long will the ICO run for ?

[Randy M Kim]

i like the game... 

Which game?

We've got a lot of them 😊

[brother3]

[Randy M Kim]

Could be best meme yet !!

[almond]

Could be best meme yet !!

I'm all in.....

[brother3]

Dev, I have just one question. If I will mine on pool during PoW, how the pool will send me Bergstakes?

Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.

So a P2P pool is not the answer?

[BreakoutGaming]

Question : How long will the ICO run for ?

The current plan is to run the ICO for 30 days.  We only recently made an announcement, so we want there to be plenty of time for people who learned about our ICO late to participate.

[Randy M Kim]

Could be best meme yet !!

I'm all in.....

All in on the girl or the coin. Either way I know you'll be happy !!

[LovSan]

Could be best meme yet !!

I'm all in.....

I'm too...