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

[BreakoutCoin]

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.

[WeGotCactus]

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.

[ghostshark1]

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]

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?

[jaybny]

please use this non moderated thread for anything goes discussions:

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

[jaybny]

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 

[ROBERTO]

Invested some BTC received for my translation!

[WeGotCactus]

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.

[qawzsx]

Is this a go even if only 500 BTC are being sold for example?

[cryptoconomist]

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)

[JakeThePanda]

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.

[cryptoconomist]

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

[JakeThePanda]

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.

[jaybny]

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.

[cryptoconomist]

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

[cryptoconomist]

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]

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.

[jaybny]

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.

[cryptoconomist]

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

[JakeThePanda]

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?  Nobody knows the answer to your question and I don't care how good the business plan is.