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

[brother3]

Invested some BTC received for my translation!

Thank you my friend!

[cryptoconomist]

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?

it can be an educated gamble like Texas Hold'em or Private Equity

[Pica-Pau]

Such scam! Very wow!

[jaybny]

Such scam! Very wow!

yes.. scam like bitcoin, and usd fiat.

Pica-Pau gold and silver

[jaybny]

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.

[cryptoconomist]

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.
 

[jaybny]

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

[jaybny]

 

regarding the 1000 minimum

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

[jaybny]

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.

[jaybny]

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.

[qawzsx]

regarding the 1000 minimum

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

So, the coin will be launched regardless of how many BTC are gathered?
That's going to be a plus, since many possible investors fear to invest with a chance that they are going to receive only a refund after 30 days, which is a long period to have your BTC locked into an ICO.

This is a very good decision.

[jaybny]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

[WeGotCactus]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

[qawzsx]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

Yap, let the party start.
I'd love to play some legit poker online with my coins

[jaybny]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

some people don't want to invest because they're scared to many other people invest and also because scared not enough people will invest.

[myagui]

Scaredy-cats!

[bitarri]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

some people don't want to invest because they're scared to many other people invest and also because scared not enough people will invest.

People don't want to invest in ICO because only 5.5 million BRO will be split among all ICO participants, while a whopping 6 million BRO will be given for FREE in Giveaways to beggars over next 2 years.  

That's like paying for some software that can be downloaded for FREE from the official software website itself.

The ICO share should be raised to at least 10 or 11 million BRO, to leave just 1.5 or 0.5 million BRO to Giveaways, that's more than enough to get you a zillion beggars.

[jibble]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

some people don't want to invest because they're scared to many other people invest and also because scared not enough people will invest.

People don't want to invest in ICO because only 5.5 million BRO will be split among all ICO participants, while a whopping 6 million BRO will be given for FREE in Giveaways to beggars over next 2 years.  

That's like paying for some software that can be downloaded for FREE from the official software website itself.

The ICO share should be raised to at least 10 or 11 million BRO, to leave just 1.5 or 0.5 million BRO to Giveaways, that's more than enough to get you a zillion beggars.

Given out to beggars?

Freerolls in poker attract and give incentive to draw people into using the application, sign on bonuses, the ones all poker sites give, will be part of those funds.

Most of those sign up bonus funds that people earn, more often than not require spending more than you actually get from earning the bonus . So in essence they will be getting someone signing in with 1000 breakout coin, getting a 100% bonus match(this % is guess work but still stands to point no matter what %) Now they have a tiered reward that releases breakout coins to them every so many "Points" or ante they put in over time. most people will of either lost most of their initial stake before earning the full bonus, thus causing some to deposit more money to earn on the bonus again.

Having incentives to bring people in for freerolls and free matches or free bets brings people into the platform and increases the liklihood of having them actually use and spend money on the casino, or fantasy sports games, or the cool new fashion trend in poker or just texas hold em .

They also don't get any berg stake from those coins from what i have previously read (someone please verify)

most of the free giveaway coins will be used as incentive to futher expand the userbase of the platform and the currency. some of the free coins "given away" will actually cause more coins being bought up than would actually be given away.

[ofortuna]

I believe the 1000 minimum was in response to how much they're looking to raise for the whole project.

but even if a refund is offered, you will still need to opt in. since the protocol is distributed and decentralized, everyone in, will be in the Genesis block that I build.

If the coin is being released regardless, what reason would someone have to want a refund? It seems like if fewer people put in BTC, the people who did put in BTC will get even more BRO for their money.

some people don't want to invest because they're scared to many other people invest and also because scared not enough people will invest.

People don't want to invest in ICO because only 5.5 million BRO will be split among all ICO participants, while a whopping 6 million BRO will be given for FREE in Giveaways to beggars over next 2 years.  

That's like paying for some software that can be downloaded for FREE from the official software website itself.

The ICO share should be raised to at least 10 or 11 million BRO, to leave just 1.5 or 0.5 million BRO to Giveaways, that's more than enough to get you a zillion beggars.

Given out to beggars?

Freerolls in poker attract and give incentive to draw people into using the application, sign on bonuses, the ones all poker sites give, will be part of those funds.

Most of those sign up bonus funds that people earn, more often than not require spending more than you actually get from earning the bonus . So in essence they will be getting someone signing in with 1000 breakout coin, getting a 100% bonus match(this % is guess work but still stands to point no matter what %) Now they have a tiered reward that releases breakout coins to them every so many "Points" or ante they put in over time. most people will of either lost most of their initial stake before earning the full bonus, thus causing some to deposit more money to earn on the bonus again.

Having incentives to bring people in for freerolls and free matches or free bets brings people into the platform and increases the liklihood of having them actually use and spend money on the casino, or fantasy sports games, or the cool new fashion trend in poker or just texas hold em .

They also don't get any berg stake from those coins from what i have previously read (someone please verify)

most of the free giveaway coins will be used as incentive to futher expand the userbase of the platform and the currency. some of the free coins "given away" will actually produce more coins being bought than would actually be given away.

Very well explained Jibble!  That is exactly right.   Just as you explained there are "play through" requirements.  People don't get free Breakout Coins that they can just cash out.  This would be terrible for the coin and would open it up to exploiters creating swarms of accounts to collect free money!

Also, since it cannot be transferred, recipients of giveaway coins will not get Bergstake.

[btcsnippers]

About the bergstake.
whats happening with the mining pools ?
If there is decent net hash solo mining wont work at all so pools will get all the bergstake putting a lot of bergstake in the hands of a few people.
This doesnt make sense at all.
So Bergstake should only be given to the ICO investors for taking the risk.
If this tiny little very logical change could be made id be happy to invest.
To be clear the ICO investors would be the only ones getting bergstake.