Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 13. (Read 243301 times)

Very well said TX42.

Factom just sold over $1 Million in first 24 hours of its ICO, mainly because they gained people's confidence:
http://www.reddit.com/r/Bitcoin/comments/3129rb/factom_sells_over_1_million_in_first_24_hours

BreakoutGaming has the potential to go much more mainstream than Factom, so a well planned and well advertised ICO should have no problem raise more funds than Factom, especially when backed by poker celebrities.

Stop dwelling on the past ICO results and get to work and make this next ICO a success.

This is quite an outburst. It's obvious that a lot of ICO buyers are starting to lose confidence.

I don't necessarily share their opinions, but these concerns need to be addressed.

If Breakout is indeed looking for funding outside of the crypto-sphere, it will be a good idea to fix the easy things that would undoubtedly help with other avenues of fundraising:

1. Provide a timeline of development or release. Be inclusive and let it come from the OP. Give date ranges and explain contingencies.
2. Fix (up) the web site. Put the preview images in. Make updates. Get it current.
3. Start using the twitter account to show evidence of a pulse to the greater population.
4. Get the press releases flowing again.
5. Move to phase 2 of the ICO without further delay. The benefit of waiting for a more complete product is going to be increasingly undercut by a lack of confidence from the crypto-community. If you look at factom, there are still plenty of individuals who want to get in on the ground floor of a promising crypto project. But if you have several dozen accounts on this thread accusing Breakout of being a scam, you are going to see significantly less money from the ICO. You already need non-ICO funding, so you might as well get ICO funds while you can use them.

I know that your first round ICO represents only a small fraction of your total needed funds. But the crypto-community is an important bellwether for any crypto-currency project such as Breakout gaming. Don't ignore this community because it seems like an insignificant source of funds. Rather, it can be a significant source of visibility and help with your larger fundraising efforts through positive exposure.

I agree
How you raise funds with no preview of what your doing with a broken site ? http://fundraiser.breakoutgaming.com/breakout-gaming-preview/
Its taking for ever, we should collect info if this is a scam better be safe than sorry.

such scam...release the software already and you'll raise funds in no time.
Lazy bunch...

release the token already and let us trade this shit. Soon you'll say "sorry guys, we could not raise the funs, bla bla bla"...
Or at least refund the btcs to those who request it. It's clear by now that you're going nowhere.

Have to say i totally agree with Koontas. I mean you really should be able to get enough funds from your poker supporters-celebrities. If you believe in this project... Its not like you need few million USD. Start small and scale up from then, thats how all startups go. I do disagree to launch a coin now though, because it will lose value in this state and we as "initial investors" will be at the worst position.

Since the software is ready, I don't think you need much funding to set-up the support & gaming staff or to obtain proper licensing. If you launch the new coin sale as promised while showcasing the gaming software, you should have plenty of funds to cover all that... Unless you're in the business of fundraising...

You have let us down on this.  I personally feel very misled, even being one of the beta testers.  Have the coin created and released it to those .  At least then we have something if you guys don't end up with the funding you're looking for.

You owe us more than "we're looking for investors".  At this point enough is enough.  If you have all of these poker celebrities on board surely one or more of them will back the project, right?  As you can tell, my tone has changed.  It's time to get serious.  At this point we're just being given the same line over and over and we gave you our BTC 5 months ago with nothing to show for it but an (awesome!) alpha poker site with fake coins.

Glad to hear that progress has been made on gaming software.

The majority of us are eagerly waiting for that timeline and those screenshots & demo videos.

Receipt? You should be holding the private key in the form of an encrypted json file. The name would be something like

breakout-wallet-BITCOINADDRESS.json

Where BITCOINADDRESS is a bitcoin address. E.g. (19Qrqd5kZqABCDm9Zrh2bEDb7GPecFZZZY, <= that's not a valid address)

That json file should be plain text and have the keys "btcaddr", "email", "encseed".

If you don't have that file then you should find it.

So we are still holding the "receipt" that was given to us months ago untill the wallet is ready, right?

Thanks for your replies! And screenshots and live video are good idea.

Keep on posting questions please.  Also, we will try to post screenshots and live video of the demos, so everyone can at least see visible progress.  Thanks everyone!

Thanks for your input on the token, most everyone seems to be of the same opinion.  We will try to be more open with our timing, but a lot depends on financing now.  The software and game selection, we have prepared is looking fantastic, the demo testers have been able to access them and there has been visible progress on the games.  Send us a PM requesting access and we will make arrangements for you to access.  Thanks.

We totally understand your frustration, we are in the same opinion as you.  However, there is a vast underestimation of the amount of capital needed to launch a licensed gaming company.  We will do our best to meet everyone's expectations.  Thanks!

Thanks for your reply, we know you have been with us from the inception.  Your opinion is always welcome!

Starblocks, noted and thanks for your input.

Bitarri,

It may take a while longer than expected.  W thank you for your patience.  If you want an invite to test the software and verify the work that has currently be done, please contact us.   
We understand your concerns and want to launch early as possible, but the amount of capital needed to set-up a support and gaming staff properly, along with proper licensing is exponentially more than what was raised in the crowd sale.  The good news is the software is looking terrific and will be a leading edge gaming hub once we launch. 

We are of the same opinion as well.  We are very hesitant to release a token that can be traded in at a later date for BRO.  It may de-value the BRO before we even launch.  However, we are appreciative of the patience the community have shown us and wanted to have this discussion with the community before making any decision.

Thanks for you input.

As you know, the prime reason we have been in the process of raising venture capital is that the "crowd sale" did not go as planned.  The current amount of development money spent on the project dwarfs what was raised during the crowd sale. 

The poker tables are configured for multi-player games.  Yes, arranging and re-sizing tables functionality is available.  We have had pro players test along with the demo testers from the community.

We are offering traditional buy-ins with cash processing alongside buy-ins with crypto.  So there will be charge backs, but less so than just cash only sites.  The rake will have to constantly adjusted to the real time value as a percentage to fiat currency.  The actual chips will be DENOMINATED in BRO, but just like any casino that denominates in euro, dollars, etc.. you will be able to convert through fiat processing or crypto to BRO.

We have already been in discussions with a few of the top security experts in the gaming business.  Preventing fraud, bots etc.. will be our top priority.  We will employ every tool available to discourage this type of activity and have may safeguards in place on we launch.

Thanks for your questions and let me know if you have any other concerns.