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

[tx42]

Am I correct in thinking that those who receive Bergstake from the Coin Sale will always be the owner of said Berstake as it is not transferable?

That is correct, only the original buyers of BRO in the "coin sale" and the dev team will ever have Bergstake.  It is not transferable.  You can give a copy of your wallet and private key away, but there is a trust issue involved, that a duplicate was not made and kept.  

Given that the essence of bitcoin is asset transfer, it's strange that Bergstake is not transferable in BRO. The cryptographic infrastructure for transfer of Bergstake is in there.

[1714064077]

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[BreakoutCoin]

Am I correct in thinking that those who receive Bergstake from the Coin Sale will always be the owner of said Berstake as it is not transferable?

That is correct, only the original buyers of BRO in the "coin sale" and the dev team will ever have Bergstake.  It is not transferable.  You can give a copy of your wallet and private key away, but there is a trust issue involved, that a duplicate was not made and kept.  

Given that the essence of bitcoin is asset transfer, it's strange that Bergstake is not transferable in BRO. The cryptographic infrastructure for transfer of Bergstake is in there.

Bergstake is defined as the output of the coinbase transaction. Bergstake is like a bitcoin transaction. can you transfer a transaction? no. a transaction is a transaction. you can transfer coins with a new transaction, but once a transaction is made it lasts forever, it cannot be changed.

Bergstake refers to a part of a transaction, the address of its output. Bergstake does NOT refer to the coins from this output, that would be the stake.

[*Sakura*]

Bergstake is defined as the output of the coinbase transaction. Bergstake is like a bitcoin transaction. can you transfer a transaction? no. a transaction is a transaction. you can transfer coins with a new transaction, but once a transaction is made it lasts forever, it cannot be changed.

Bergstake refers to a part of a transaction, the address of its output. Bergstake does NOT refer to the coins from this output, that would be the stake.

Very innovative idea. I like it.

[BreakoutCoin]

Last day @5500 BRO per btc.  Next level @5000 BRO per btc.

[blue_wave]

I had little too much time yesterday so I made a simple ROI calculation in excel. Anyone who wants to calculate earnings in staking and BRO investment feel free to check it out. Not perfect but it gives you an idea what to expect.

Its very easy, you just have to enter 5 variables and expected costs:
-Expected price of BRO in USD
-Number of Bergstake
-Staking days
-Invested BTC
-BTC price in USD

Download link: https://mega.co.nz/#!YVQVBJyQ!pHBjN37JH1OelgQcLlR1pgidpEW-U0ki1LNkBBrzVrc

If you think i should add something, let me know.

Hope that will come useful at least for someone.  

[MadGhost]

Last day @5500 BRO per btc.  Next level @5000 BRO per btc.

it only depends on the market

[JakeThePanda]

I had little too much time yesterday so I made a simple ROI calculation in excel. Anyone who wants to calculate earnings in staking and BRO investment feel free to check it out. Not perfect but it gives you an idea what to expect.

Its very easy, you just have to enter 5 variables and expected costs:
-Expected price of BRO in USD
-Number of Bergstake
-Staking days
-Invested BTC
-BTC price in USD

Download link: https://mega.co.nz/#!YVQVBJyQ!pHBjN37JH1OelgQcLlR1pgidpEW-U0ki1LNkBBrzVrc

If you think i should add something, let me know.

Hope that will come useful at least for someone.  

Nice sheet.  I love making spreadsheets. I changed some of the costs around to fit my personal BTC financial situation.  

Obviously, the hardest prediction is the value of BRO.  I've been trying to think about this.  I believe Full Tilt Poker at the time of the DOJ investigation had about 400mm in customer deposits and FTP was the #2 poker site in the world at the time, behind Poker Stars.  I'm not sure how much Poker Stars had on deposit but it was clearly a lot more than FTP.  Based on PokerScout, the average, middle of the road, crappy poker site is about 1/50th the size of Poker Stars.  If I take a conservative estimate and assume Poker Stars has 400mm in deposits, I can make a very conservative estimate and predict Breakoutgaming could have about 8mm on deposit.  Remember, that's just poker.  I have no idea about the fantasy sports market, but I think that market is way bigger than poker.  If Breakoutgaming has $8mm on deposit, that means the minimum market value of BRO will be 8mm.  Not everyone holding BRO will have their coins held on the gaming platform so the market cap will probably be higher.  At an 8mm market cap, the price of BRO would be about $0.41.  Currently, the ICO price of BRO is about $.06.  That's a 583% return not including the value of the Bergstake.

The value of Bergstake is the long-term kicker here that makes the ICO even more valuable.  If the price of BRO is $0.41 then each Bergstake you own will produce about $.03 worth of BRO every year.  That's about 50% on your original investment every year for the life of Breakoutgaming. If we try to calculate the present value of the future Bergstake cash flows, the value of Bergstake alone is conservatively worth 5X the current ICO price.

based on who is involved in the Breakoutgaming project, I think these numbers are a very, very, very conservative estimate.

Disclaimer:  These are my own personal estimates and this is not a recommendation to purchase BRO.  Investments should be based on your own personal risk considerations and research.  

[canman]

I don't believe you are going to be selling much more regardless the price (the decreasing scale is unfortunate, by the way), UNLESS you release some kind of real life, fully operational, gaming platform. Without that, in my opinion, the whole ICO is pointless.

With that circumstance, plus the horrendous timing of the offer, you have to consider the amount of BTC already collected quite a big triumph.

Not much more will be coming in, I believe, though.

The "coin sale" will be considered a success for those who participated, not so much for those who sat on the sideline.  @6000 BRO or @3000 BRO, if Breakout Gaming accomplishes its goals, @1000 will be a pittance to what it can be in the future.

what are your projected price/bro?  $1, $10? 

[flash11]

Is there any way ever to recover a lost password or to get your BTC investition back without knowing this password?

[LovSan]

Is there any way ever to recover a lost password or to get your BTC investition back without knowing this password?

No, you need to recall it.

[flash11]

That's what I was afraid of...

[tx42]

Am I correct in thinking that those who receive Bergstake from the Coin Sale will always be the owner of said Berstake as it is not transferable?

That is correct, only the original buyers of BRO in the "coin sale" and the dev team will ever have Bergstake.  It is not transferable.  You can give a copy of your wallet and private key away, but there is a trust issue involved, that a duplicate was not made and kept.  

Given that the essence of bitcoin is asset transfer, it's strange that Bergstake is not transferable in BRO. The cryptographic infrastructure for transfer of Bergstake is in there.

Bergstake is defined as the output of the coinbase transaction. Bergstake is like a bitcoin transaction. can you transfer a transaction? no. a transaction is a transaction. you can transfer coins with a new transaction, but once a transaction is made it lasts forever, it cannot be changed.

Bergstake refers to a part of a transaction, the address of its output. Bergstake does NOT refer to the coins from this output, that would be the stake.

Yes, you can transfer a transaction. This isn't in the bitcoin core protocol, but neither is Bergstake itself.

If you identify the transaction that generates the bergstake by it's scriptsig, you can sign the scriptsig as part of a new transaction. The new transaction becomes the transferred Bergstake.

It's not a leap of imagination here. And not a lot of coding either. All the infrastructure is there.

[Zackgeno96]

  i got some BRO for my bro spent what i could after the mintpal scamarino

  it say's i have 3,366 breakout coins and i've spent 0.51 is that correct? now it went down to 2805 lol

[BreakoutCoin]

i got some BRO for my bro spent what i could after the mintpal scamarino

  it say's i have 3,366 breakout coins and i've spent 0.51 is that correct?

That's probably off.  Make sure to note your btc address and tx number, plus the level at which you bought. 

Note. the balance checking tool depends on public blockchain apis, and is just a tool for your convenience.. your actual breakoutcoin genesis balance will be correct.

[ofortuna]

i got some BRO for my bro spent what i could after the mintpal scamarino

  it say's i have 3,366 breakout coins and i've spent 0.51 is that correct?

Assuming you were the earliest buyer at 6600 that number seems to be correct.

.51 * 6600 = 3366

However if you just bought at the 5500 level, 3366 is incorrect.

[BreakoutCoin]

We received a nice mention on Cryptocoinnews.  albeit with the older info.  We are contacting them for a correction.

"Breakout Gaming is holding its fundraising crowdsale for gaming token Breakout Coin (BRO). The coin is for players to use in Breakout’s 88 online gaming casino – only for legal markets. Breakout is both KYC and AML compliant."

https://www.cryptocoinsnews.com/breakout-coin-bro-presale-live/

For those who are interested, we recently signed on Transform.pr as our public relations firm.  They are the ones responsible for getting the news out to the crypto community for Ethereum, Maidsafe, Swarm, etc..  We should expect a steady release of positive articles from news outlets.

[JakeThePanda]

We received a nice mention on Cryptocoinnews.  albeit with the older info.  We are contacting them for a correction.

"Breakout Gaming is holding its fundraising crowdsale for gaming token Breakout Coin (BRO). The coin is for players to use in Breakout’s 88 online gaming casino – only for legal markets. Breakout is both KYC and AML compliant."

https://www.cryptocoinsnews.com/breakout-coin-bro-presale-live/

For those who are interested, we recently signed on Transform.pr as our public relations firm.  They are the ones responsible for getting the news out to the crypto community for Ethereum, Maidsafe, Swarm, etc..  We should expect a steady release of positive articles from news outlets.

Nice!

[CryptoCurrencyInc.com]

If 1 bitcoin buy 5,500 breakout coins. How many satoshi is that?

[JakeThePanda]

If 1 bitcoin buy 5,500 breakout coins. How many satoshi is that?

Math is idiotic.

[tx42]

If 1 bitcoin buy 5,500 breakout coins. How many satoshi is that?

~18182