Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 87. (Read 243361 times)

what are you suggesting? more ico coins? and what if they only raise 1000? thats 555 btc for dev. they prob spent more then that on project already! 

more ico coins if more btc raised? never seen a structure like that...

Ok so PoB doesn't start until the 3rd year?  I know PoB runs perpetually after PoW ends but does it not generate coins from the start?  I guess I had it right in an earlier post then.  I had thought it was that way but after re-looking at some of the information I thought I had originally made a mistake.

9589 BRO per day at 150k sat is a little over 14 bitcoins a day needed to maintain a break-even price for investors IF 7,000 bitcoins are raised during the ICO.

I made a mistake because I thought PoB would still be happening during PoW.


2.5 million coins for the 'dev' is equal to 3759 bitcoins if 7000 bitcoins are raised during the ICO  Don't you think thats a bit much?  Your asking for a big ICO plus you're keeping 2.5 million coins to pay for things that the ICO should be paying for.  Seems a bit excessive.

WOW! A minimum of 7,000 btc for 4.5 million coins.  That's roughly $2,800,000.00 at current prices.  If we reach 7000 bitcoin, that makes the 4.5 million coins 150,000+/- sats a piece.

We have 7 million coins being mined over 2 years, 2 million coins annually from PoB and 7 million BRO will be given away for free through incentive programs.  All this eventually leading to the max of 200 million coins.

Roughly 14,880 coins will be minted each day if you include PoW and PoB which works out to just over 22 bitcoins a day needed to maintain 150ksat so investors do no lose money on the ICO.

Edit: See the post below.  PoW and PoB happen at 2 different times.

PoW Phase: 2 years, 7 million coins, ~19.98 BRO block reward
PoB  Phase: perpetual, 2 million coins annually ~11.42 BRO block reward
200 million+ total coins
14 million coin Pre-Mine (< 7%) <<< 14 million coins premined but the ICO is for 4.5 million and 7 million given away.  Where is the other 2.5 million BRO???

So all this leads me to the following questions.  Is there a minimum of bitcoins needed to ensure the project continues?  If you only raise 500, 800, 1000, 2000, or anything under 7000btc, will the project continue?

Edit: "the minimum amount we would need for the project would be 1000 bitcoins."  I over looked that some how

--- EDIT ---

Just seen where the other 2.5 million bro are. "12% - 2.5 million – Developers, Marketing, Pros, Bounties, Ops"  LOL so we are paying for ICO AND you get free coins to pay "Developers, Marketing, Pros, Bounties, Ops".  What is the ICO for?

ok that's cool was just wondering cos wasn't sure. sounded like something cool that had been coded for CN coins in particular.

Also Bergstake and mining with pools

If i mine fresh breakout coins in a mining pool, who then receives the bergstake? the pool operator? because i thought it was attached to the address that mines it, and is not and then not transfered like breakout coin. so wouldn't the pool owners get the bergstake?

bergstake implementation is independent of coin core choice.

will the all valuable and all amazing berg stake still be in the mix?

We are looking to raise from 7 to 15 thousand bitcoins, the minimum amount we would need for the project would be 1000 bitcoins.

Due to various factors, Breakoutcoin is reconsidering the use of CryptoNote as its core. A Bitcoin core with x13 and Stealth features is the alternative. Both cores are in development and managed by @jaybny.

We strive to provide the most secure coin and transparent development process.

thats the thing: who are the CryptoNote founders? and why so anonymous?

Thanks for the info.

Cloning BBR could of been a better option.  They are faster, less bloat, and have address alias.  If players wanted to send funds from one another, using an alias would be so much nicer.  I guess you could pull some of these changes though.

Wallet address aliasing: any wallet can be linked with symbolic name via special type extra record in coinbase. Block chain will control registered names uniqueness

Other features:
Unlinkable outputs ensures the user's anonymity is not broken due to zero mixin usage.
Transaction identification by prefix allows Boolberry to cut ring signatures from block chain reducing block chain size by 60-90%, depending on mixin usage.
Removed Dust from block reward to reduce block chain size even more.
New block chain based PoW hash provides faster synchronization with network and immunity from DoS attacks.
Network Alerts allow developers to broadcast messages about critical updates or other important events to the network
Donation-based crowd-funding: Boolberry has an open and transparent model of project financing with a maximum of 1% of mined coins reserved for project development. The actual rate is controlled by network participants (miners) using votes. Boolberry gives a fixed percentage to the CryptoNote founders.

Not all exchanges are compatible with CN coins.  That could be one advantage to going with a typical bitcoin based blockchain.  The other exchanges will come online eventually so in the long term scheme of things, it may not matter.

internal, javascript, everything stored on bitcoin blokcchain, code currently being audited, very similar process like ethereum.

plan is to launch poker and coin at same time. shooting for 30 days post ico.

yes open-source at launch.

cloned cryptonote directly. yes, familiar with Boolberry and Monero.

also have a non cryptonote , x13 implementation as backup, due to recent cryptonote revelations.

Im just about ready to scrap CryptoNote and go with typical blockchain. will put it to a vote, but so far there is no love for cn.

Couple questions.  May have been asked but I hadn't seen them.  Sorry if they are repeats.

Who is handling the ICO?  Is it internal or an exchange?

When will the actual coin, wallet, and gaming platform be ready?

Which cryptonote coin did you clone?  Are you familiar with some of the difference between coins like BBR and XMR?  Will code be opensource?  

--- Edit ---

Just seen this posted above.  It answers one of the questions.

"When launched, players will have access to the exchange, Poker, Fantasy Sports, Crypto Fantasy etc.. with one universal ID."

I'm curious to know if Blockchain bloat is going to be an issue with this coin. I've played around with several CryptoNote coins of, and they can be take up a lot more space than other coins.

Same here Circle is great, in my opinion the best way to buy BTC.

Food for thought

http://www.coindesk.com/marc-andreessen-long-bitcoin-short-apple-pay/

these coin crowd-sales are a new paradigm. im sure money was spent on launching breakout gaming, and are now selling a genesis coin product. If you  still want to compare, the ico is more like the ipo stage.. I dont know how you can compare it to post ipo?

how would doubling the coins for the ico make any difference to your logic? eliminating the giveaways, is a very bad idea for the long term prospects of breakout coin. coins are successful with wider distributions. if you think widely distributing free coins are a negative for a coins survival, you have not been paying attention.

but your ok with it, if we double the number of ico coins? even without knowing the price?

I think once we all know how many BTCs OP is hoping to raise, we can all get some insight into price and market-cap.