Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 50. (Read 243361 times)

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.

That's what I was afraid of...

No, you need to recall it.

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

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

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.  

it only depends on the market

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.  

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

Very innovative idea. I like it.

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.

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.

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.  

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?

"Breakout Gaming" WILL have operational platforms before the launch of Breakout Coin. Our confidence comes from that expectation. 

Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities.  Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming.  You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.

As specified in the first paragraph in the Terms and Conditions:

WARNING:  Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.

This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.

Problem is that setting hefty goals is meaningless when there's literally nothing supporting such. It's akin to say "I have a kid that is going to beat Floyd Mayweather" but we have only your word for it. In this case, a few not very promising jpeg files.

Anyway I don't want to be negative and hope this doesn't end in a terrible debacle. No one in crypto is going to wait not two years, probably not even 2 weeks. We'll see what happens when this comes to the exchanges... I got to tell you, unless there are operational platforms that can be tested, the trading is going to be much "higher" than 6600 per BTC in that scenario.

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.

You are quite correct, the timing couldn't have been worse, hopefully when the project becomes more developed and transparent, there will be significantly more interest coupled with a better "coin sale" climate and Bitcoin/Altcoin mood.

However, the amount of BRO, that participants of the "coin sale" are receiving per btc is still ridiculously high.   If Breakout Gaming reaches its targeted goal of 1 million registered users in the next two years, coupled with the need to process millions in "fiat" processing that BG will need to cover reserves for those players by buying BRO.  Do the math and you can see the price of BRO per btc is very attractive, even @1000 BRO per btc.

Disclaimer: Breakout Coin and Breakout Gaming are two separate services/entities.  Breakout Coin is offering BRO coins for btc. By participating in this "coin sale," you are not purchasing interest in Breakout Gaming.  You are solely participating in the "coin sale" of a crypto coin that happens to have a gaming company that supports the BRO coin by having their chips denominated in the BRO crypto coin.

As specified in the first paragraph in the Terms and Conditions:

WARNING:  Do not purchase BRO if you are not an expert in crypto tokens or currency and blockchain technology.

This coin sale is not an offer of investment or securities in any business, venture, or company, or in any form of gaming operations or activity; purchase of BRO does not entitle the buyer to any interest in any profits or revenue of any common enterprise arising from the activities of others.

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.

i was in at 6600 and added on at 6000