[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 64.

jaybny

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Proof-of-Skill - protoblock.com

Quote from: tx42 on October 28, 2014, 01:59:59 AM

If we make multiple payments to the ICO separated in time, will the Bergstake be split among those payments, or lumped?

-- there is an option to "reuse breakout-wallet" on the https://www.breakoutcoin.com page

-- or you can just send directly from the same bitcoin wallet and address to the exodus address: 33Bghpzm4pgbSRgnqS63ZBf6dnSjbGc6Sf

so its really up to you. you can split it, and manage multiple wallets. or use one wallet. there are reasons some may want multiple addresses. but its easier, and originally there was a built in incentive to only have one wallet. we were going to implement additional complexity into bergstaking with multiple wallets, to avoid bot-net attacks.. but now there is no mo mining so no mo problems

Code:

100% POB == no pow == all good

BreakoutGaming

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Quote from: tx42 on October 28, 2014, 01:59:59 AM

If we make multiple payments to the ICO separated in time, will the Bergstake be split among those payments, or lumped?

Please the the "re-use wallet" tool available on breakoutcoin.com. This way you will make sure all your Bergstake will be in one wallet and private key.

tx42

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If we make multiple payments to the ICO separated in time, will the Bergstake be split among those payments, or lumped?

bitarri

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Quote from: barabbas on October 28, 2014, 12:16:43 AM

Quote from: BreakoutGaming on October 27, 2014, 11:37:54 PM

Quote from: bitarri on October 27, 2014, 11:20:01 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc.

As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away.

We are all ears, we are taking all the feedback into consideration and are leaning toward extending the bonus period to allow others time to take advantage of the extra coins being made available.

-- I believe you should extend the "bonus price" of 1BTC = 6,000 BRO + 6,000 bergstake until the end of the ICO.

. I'm sorry Barabbas but that's not fair to early investors.
. Where is the incentive to early investors if they extend the "bonus price" of 1BTC = 6,000 BRO until the end of the ICO Huh

. Why would I invest my BTC now, while you enjoy investing your BTC elsewhere for the next 22 days, then come back here to invest in Breakoutcoin at the last day of the ICO Huh

. 2 to 5 days is more than enough to allow anyone to take part of the "bonus price" of 1BTC = 6,000 BRO, especially with end of month payrolls coming in 4 days.

. Time to exit from your other investments if you're really serious about this one ...

brother3

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Thanks so much for all constructive feedbacks and please keep them coming. We count on you!

tx42

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Quote from: barabbas on October 28, 2014, 12:36:21 AM

Obviously I am on the other side of that fence. In my favor that only minimal investment has come so far, I believe in part because people need time to get their minds around the entire concept, perhaps do some research of gaming sites, accumulate BTC, etc. Although I am aware that this project is different, Ethereum did not put any pressure in time and the money came flooding. So did for SuperNET. I am quite convinced that adequately presented to the crypto community this will be fully subscribed before the original ICO period is over. People should be rushed by the fear not to be on time to benefit from the IPO price because people would buy all available coins/bergstake, NOT because the devs need a quarter of a million dollars to finish a working platform.

I could be wrong, of course

It's implicit that they are coming to the crypto community for seed money. It's a high risk, but if you look at their ICO structure, potentially high reward.

barabbas

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Quote from: tx42 on October 28, 2014, 12:23:57 AM

Quote from: barabbas on October 28, 2014, 12:16:43 AM

-- I believe you should extend the "bonus price" of 1BTC = 6,000 BRO + 6,000 bergstake until the end of the ICO. After that, the market will determine the price of BRO.

The ICO effectively extends until all the coins allotted for it have sold. If they don't tier pricing until those coins are gone, then the only investment strategy is wait and see. But with a wait and see market, funds never become available to achieve the development goals. People end up waiting to see for ever and the project never releases.

Obviously I am on the other side of that fence. In my favor that only minimal investment has come so far, I believe in part because people need time to get their minds around the entire concept, perhaps do some research of gaming sites, accumulate BTC, etc. Although I am aware that this project is different, Ethereum did not put any pressure in time and the money came flooding. So did for SuperNET. I am quite convinced that adequately presented to the crypto community this will be fully subscribed before the original ICO period is over. People should be rushed by the fear not to be on time to benefit from the IPO price because people would buy all available coins/bergstake, NOT because the devs need a quarter of a million dollars to finish a working platform.

I could be wrong, of course

tx42

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Quote from: jaybny on October 28, 2014, 12:21:53 AM

is that how Nxt works? this is a bit different. will show some pseudo-code asap.

the more bergstake the higher the probability of winning the lottery. the number of digits in the lottery gets smaller. the reward is always the same. and yes, micro-investors also have .01 bergstake, and can play the lotto 24/7 , probably better odds then power ball!

I don't know how NXT works. But if the investment proportionality comes in at the block reward, then the way I describe is the way to do it.

Making the chances to sign a block based on the size of the Bergstake share works just as well. The only problem is that small-time-investors will be split into two groups: lottery winners and also-rans.

tx42

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Quote from: barabbas on October 28, 2014, 12:16:43 AM

-- I believe you should extend the "bonus price" of 1BTC = 6,000 BRO + 6,000 bergstake until the end of the ICO. After that, the market will determine the price of BRO.

The ICO effectively extends until all the coins allotted for it have sold. If they don't tier pricing until those coins are gone, then the only investment strategy is wait and see. But with a wait and see market, funds never become available to achieve the development goals. People end up waiting to see for ever and the project never releases.

jaybny

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Activity: 410

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Proof-of-Skill - protoblock.com

Quote from: tx42 on October 28, 2014, 12:10:21 AM

Quote from: jaybny on October 27, 2014, 10:52:49 PM

actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point.

pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards.

You misunderstand. What I mean is that you earn your interest when you are lucky enough to sign a block.

Each Bergstake share, no matter what the size as long as it is above some threshold, gets the can sign a block if it wins the lottery for a given block. Upon signing the block it gets a constant block reward times a stake multiplier proportional to the size of the Bergstake share.

That keeps micro-investors from signing a lot of blocks for tiny rewards. It allows small time investors to have a chance at earnings on their stake, and rewards big investors proportionally.

[edit]

And when I help a team that I can convince to use Bergstake for a coin, that's what I'm going to talk them into doing.

is that how Nxt works? this is a bit different. will show some pseudo-code asap.

the more bergstake the higher the probability of winning the lottery. the number of digits in the lottery gets smaller. the reward is always the same. and yes, micro-investors also have .01 bergstake, and can play the lotto 24/7 , probably better odds then power ball!

barabbas

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Quote from: BreakoutGaming on October 27, 2014, 11:37:54 PM

Quote from: bitarri on October 27, 2014, 11:20:01 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc.

As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away.

We are all ears, we are taking all the feedback into consideration and are leaning toward extending the bonus period to allow others time to take advantage of the extra coins being made available.

-- I believe you should extend the "bonus price" of 1BTC = 6,000 BRO + 6,000 bergstake until the end of the ICO. After that, the market will determine the price of BRO.

-- Since there very limited specific information, I am going to assume that there will be only 10 million bergstake, ever. Now, Jay is that enough to keep a safe network operational? If it will be safely operational, I would reduce the bergstake to 500,000 BRO per year to keep it interesting in term of % of interest (5% on average), not be a deal breaker for the small investors and reduce the inflation rate of the coin.

-- But I still believe this is rushed, horribly timed and although I am aware that significant investment in time, perhaps minimum guarantees and work has already been done, there are still too many loopholes, chief among which is a testable working platform, at least on Alpha state. Other considerations such a permits and insurance should also be contemplated. The sheer magnitude of the project deserves such considerations, especially expectying the quite generous valuation you are giving to the whole project.

Just my opinion.

tx42

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Quote from: powersup on October 28, 2014, 12:13:38 AM

This may be a stupid questions, but I cant find a clear answer in the OP.

As an early investor (I invested in the 1st day of ICO) will I receive the 6000 bro per btc?

thank you in advance.

That's the plan. It should be 6300, or 6600, IMO.

powersup

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This may be a stupid questions, but I cant find a clear answer in the OP.

As an early investor (I invested in the 1st day of ICO) will I receive the 6000 bro per btc?

thank you in advance.

tx42

hero member

Activity: 742

Merit: 500

Quote from: jaybny on October 27, 2014, 10:52:49 PM

actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point.

pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards.

You misunderstand. What I mean is that you earn your interest when you are lucky enough to sign a block.

Each Bergstake share, no matter what the size as long as it is above some threshold (e.g. $25.00 at ICO prices), can sign a block if it wins the lottery for a given block. Upon signing the block it gets a constant block reward times a stake multiplier proportional to the size of the Bergstake share. [edit] All shares, no matter the size have the same chance to sign a given block.

That keeps micro-investors from signing a lot of blocks for tiny rewards. It allows small time investors to have a chance at earnings on their stake, and rewards big investors proportionally.

[edit]

And when I help a team that I can convince to use Bergstake for a coin, that's what I'm going to talk them into doing.

Mayhem007

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Quote from: BreakoutGaming on October 27, 2014, 11:37:54 PM

Quote from: bitarri on October 27, 2014, 11:20:01 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours? Grin

Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc.

As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away.

We are all ears, we are taking all the feedback into consideration and are leaning toward extending the bonus period to allow others time to take advantage of the extra coins being made available.

i could use a few extra days too. more btc next monday Grin

BreakoutGaming

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Activity: 246

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Quote from: bitarri on October 27, 2014, 11:20:01 PM

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc.

As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away.

We are all ears, we are taking all the feedback into consideration and are leaning toward extending the bonus period to allow others time to take advantage of the extra coins being made available.

ofortuna

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Activity: 252

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Quote from: Mayhem007 on October 27, 2014, 11:04:21 PM

Quote from: BreakoutGaming on October 27, 2014, 10:34:31 PM

Quote from: tx42 on October 27, 2014, 10:26:21 PM

Quote from: ?? on ??

7 million without Bergstake = Giveaways and Promotions. Although this is a pre-mine, the giveaways are absolutely essential to the increase in the value of BRO. These will be used to draw "live" money players and will have the effect of helping increasing the demand and liquidity on the market for BRO.

Can you explain how you will give away the coins? How can you prevent double-dipping for example?

the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.

A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We ecpect using the 6.5 million BRO coins that we will have 750K to 1 milion registered users. That typically converts into about $25 million a month in player processing. Think about that?

Breakout Gaming MUST "buy" $25 million worth of BRO coins a month to meet its reserve. How many coins in the market, how many held in wallets and how many in circulation? What will the price of BRO be? This is the value proposition we are offering to the early buyers.

ah play through requirements. genius.

Yes Mayhem007,

We don't want to give away a BRO to someone through a promotion on Facebook and have him immediately sell it for cash. This could negatively effect the coin price. Also, this would open us up to automated systems that can create thousands of accounts to exploit giveaways. By requiring a BRO giveaway recipient to play on the gaming site to redeem his coin, we will have an opportunity for him to become a long time buyer of BRO.

bitarri

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Activity: 170

Merit: 100

Quote from: BreakoutGaming on October 27, 2014, 09:47:22 PM

Quote from: barabbas on October 27, 2014, 09:38:08 PM

48 hours is too short a period of time, hardly enough to get the BTC to you on time. Why the rush?

The 6000 Bro per BTC have 6000 Bergstake, right?

For Jay- How does Bergstake behaves when mining, does high number of bergstake have preference over small numbers like in the NEXT case?

Thanks!

We are only offering 6000 BRO per btc for a 48 hour period to give others a sufficient chance to buy-in at the bonus level. After that period, we will be offering 3000 BRO per btc until the "coins sale" closes or we reach a sufficient number of btc needed to complete the project. We will close the sale early once if we reach that number early, we do not want to accept any more btc than necessary to finish and showcase the products.

Do you suggest a longer period than 48 hours?

Given the announcement was just made, I think 5 days is more reasonable for the flash sale @6000 BRO per btc.

As Barabbas said, most people get paid at the end of the month, and the 31st Oct, is still 4 days away.

Mayhem007

member

Activity: 98

Merit: 10

Quote from: BreakoutGaming on October 27, 2014, 10:34:31 PM

Quote from: tx42 on October 27, 2014, 10:26:21 PM

Quote from: ?? on ??

7 million without Bergstake = Giveaways and Promotions. Although this is a pre-mine, the giveaways are absolutely essential to the increase in the value of BRO. These will be used to draw "live" money players and will have the effect of helping increasing the demand and liquidity on the market for BRO.

Can you explain how you will give away the coins? How can you prevent double-dipping for example?

the plan is not to release the actual coins in the bonuses and giveaways, but to give people tokens to qualify to win the coins. There will be play through requirements on our gaming platform that will actually require the participants to play and win to earn the coins. The anti-fraud and anti-collusion built into our software will prevent multiple accounts and fraudulent attempts at capturing all the giveaways.

A certain percentage of the players that join in on the freerolls and giveaways will convert into "live" money cash players. We ecpect using the 6.5 million BRO coins that we will have 750K to 1 milion registered users. That typically converts into about $25 million a month in player processing. Think about that?

Breakout Gaming MUST "buy" $25 million worth of BRO coins a month to meet its reserve. How many coins in the market, how many held in wallets and how many in circulation? What will the price of BRO be? This is the value proposition we are offering to the early buyers.

ah play through requirements. genius.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: tx42 on October 27, 2014, 10:35:31 PM

Quote from: barabbas on October 27, 2014, 10:26:13 PM

Quote from: jaybny on October 27, 2014, 10:19:02 PM

Quote from: tx42 on October 27, 2014, 10:14:40 PM

Quote from: barabbas on October 27, 2014, 10:01:11 PM

Same as NEXT then. It is a problem because small investors will get minimal benefits from bergstake.

Over a long enough time, they will get a benefit proportional to their investment.

the other option is to provide an interest rate on all bergstake instead of a block reward system...

That would be much better IMO. But where does the interest come from?

One way to work this idea is to require a minimum share for Bergstake, equivalent to say $25 at ICO prices. That's higher than the minimum ICO investment, but it isn't going to break anyone who has spare money to invest in an ICO.

[edit]

"Interest" would be a constant payout per block times the stake multiplier, is how I understand it.

actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point.

pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards.

Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 64. (Read 243361 times)