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.
Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 71. (Read 243361 times)
October 22, 2014, 05:37:43 PM
October 22, 2014, 05:08:40 PM
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.
October 22, 2014, 04:47:40 PM
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.
October 22, 2014, 04:32:44 PM
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.
October 22, 2014, 04:27:51 PM
regarding the 1000 minimum
the coin is going to launch with all ico investors in genesis block regardless
October 22, 2014, 03:34:38 PM
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
October 22, 2014, 03:33:32 PM
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.
October 22, 2014, 03:32:09 PM
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.
October 22, 2014, 03:28:50 PM
Such scam! Very wow!
yes.. scam like bitcoin, and usd fiat. Pica-Pau gold and silver
October 22, 2014, 03:25:40 PM
Such scam! Very wow!
October 22, 2014, 01:12:29 PM
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
October 22, 2014, 01:10:40 PM
Invested some BTC received for my translation! 
Thank you my friend!
October 22, 2014, 01:09:31 PM
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?
Nobody knows the answer to your question and I don't care how good the business plan is. October 22, 2014, 01:01:35 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases.
There is 5% of people "pro" in general winning on poker those people will cash out... No?
And losers by more. The argument over what % of people win at poker and what they do with their money is 100% irrelevant.
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
October 22, 2014, 01:01:12 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases.
There is 5% of people "pro" in general winning on poker those people will cash out... No?
yes, but assuming a continuous stream of deposits, the reserves should always be steady to growing.. of course, there will always be selling after withdrawals.
October 22, 2014, 01:00:33 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases.
There is 5% of people "pro" in general winning on poker those people will cash out... No?
And losers by more. The argument over what % of people win at poker and what they do with their money is 100% irrelevant.
October 22, 2014, 12:59:28 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
the gaming company will denominate all playing chips in breakoutcoins. as more and more players deposit fiat to play games, they will be required by regulators to hold more and more breakoutcoins in reserve.
You/I need a Business plan
October 22, 2014, 12:58:18 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases.
There is 5% of people "pro" in general winning on poker those people will cash out... No?
I play on Kate8 poker and Pokershibes freeroll only and cash out all every time I can
October 22, 2014, 12:55:59 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
the gaming company will denominate all playing chips in breakoutcoins. as more and more players deposit fiat to play games, they will be required by regulators to hold more and more breakoutcoins in reserve.
October 22, 2014, 12:55:39 PM
please elaborate. Does it mean that the more people gamble the more coins will be earned by POB? How does deposit affect the price of my holdings? Where is that written?
Come with a Business plan show me some figure
They have to buy BRO to keep it on deposit at Breakoutgaming, so you tell me what happens to the price of BRO when the demand to gamble increases.
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