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Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 90. (Read 243361 times)

legendary
Activity: 1162
Merit: 1000
The "Bill Gates" argument is an exercise in absurdity for anyone intent of "scooping up" most of the coins could do it just the same during the ICO period. The same way that they could if the price is capped, so it is immaterial either way.

Now the 30 days ICO period is good and is bad. Some will not be interested in having the coins locked for that period. On the other hand,, many will be adjusting their investment along the 320 days depending on many factors, including availability of funds.

The only things I would implement if I were you is VIP coins, with privileges, which I have already pointed out before. Otherwise, this is going to be extremely successful and only limited by the limited availability of BTC in the crypto world that, at the moment, is quite stretched.

Anyone with a minimum investment acumen will see that this is by far the best long term investment ever to appear in crypto... regardless what the final price will be.

Nice to hear from you Barabbas.  You are one of the most critical knowledgeable informed investors on these forums and you've given our project an unequivocal endorsement.  Nice to hear.  Thank you

Thank you Randy for the nice words.

I'll have to add though that my "endorsement" is not without some important caveats:

-- I believe the price of BRO in the markets will be highly manipulated by Breakout Gaming.

-- I have only seen a few snapshots of the actual platform. If the experience is not easy and rewarding, from the entertainment side of things, the potential success will be clearly diminished. Not having a working test one available is, in my opinion, a severe mistake that may reasonably hold out some big investors.

-- Bergstake and its liquidity remain a big not fully explained enigma. Additionally, the 7 million BRO that is going to be given away should not include Bergstake and those Bergstake should be destroyed to increase the value of the ones mined or obtained through the ICO.

Other than that, yes, this is a very interesting project that will make crypto history, I believe.
sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
For everyone's sake, please reconsider "BRO"...  It is the complete opposite of the vibe you want to put off, I hope.

I know what you mean.  As soon as I saw that I just did one of those face palm things with the thought that it's a bunch of 20 somethings running the show that somehow think that will make them look like a serious coin.  But then again I tend to look at these things a lot differently than most it seems.

Okay point noted.  But with any investigation you will see that your assumption can't be further from the truth.  I'm far more proud of the project concept and team than the coin acronym.



BRO is the ticker symbol. its breakout coin, or breakouts, or the coin formerly known as

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=BRO&insttype=&freq=2&show=&time=20

member
Activity: 108
Merit: 10
For everyone's sake, please reconsider "BRO"...  It is the complete opposite of the vibe you want to put off, I hope.

I know what you mean.  As soon as I saw that I just did one of those face palm things with the thought that it's a bunch of 20 somethings running the show that somehow think that will make them look like a serious coin.  But then again I tend to look at these things a lot differently than most it seems.

Okay point noted.  But with any investigation you will see that your assumption can't be further from the truth.  I'm far more proud of the project concept and team than the coin acronym.

sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
-- I agree "BRO" is over the top.. everyone is just excited, its been a long wait.

-- Its Breakout Coin, its an alt-coin, with a marketing and distribution strategy and is tied to a global gaming startup with long time professionals.

--  Its not 100% pre-mined, its not going to be insta-mined, its not a pump and dump.

-- There is real innovation in Proof-of-Bergstake, the ico, the marketing, design, games, and more

-- we can set a price of the coin and have the total pre-mine uncapped like ethereum, or we can have the 4.5 million without a price.. in the end the ico investors will have the same percentage of the pre-mine.. the ICO is actually 45million milliBreakoutcoins, sound better?

-- I would assume they are trying to raise 8-15 thousand bitcoin. is the early bird incentive structure not common in regards to ico distribution?

-- the sale could always be stopped early, has happens many time on successful ICOs, however, in this case we really just want longer term investors that are looking to hold for months, we want investors that will actually be "mining" with their bergstake in 2016.

-- After the ICO, all holders are part of the breakout network and can vote for anything related to the coin.

rising tides gentlemen


full member
Activity: 204
Merit: 100

Will the amount of BTC raised be public so that investors can judge their potential holdings and cost per BRO?


yes, you will see something like this:

https://blockchain.info/unspent?cors=true&api_code=5b846ae8-eb56-4c14-aae9-bd13056b6df7&active=1LbqzdCCvMyXfJCzDGKaBaEK8CixYeoLrm

and it will be right there on the page when your buying.
member
Activity: 108
Merit: 10
For everyone's sake, please reconsider "BRO"...  It is the complete opposite of the vibe you want to put off, I hope.


Koontas .  I'm so sorry ! I kind of understand what you are saying. We have gone way too far with this branding to stop now.  The project the coin have gotten tremendous publicity already.  Please live with it and don't let the name dissuade you from joining us.
sr. member
Activity: 686
Merit: 320
For everyone's sake, please reconsider "BRO"...  It is the complete opposite of the vibe you want to put off, I hope.

I know what you mean.  As soon as I saw that I just did one of those face palm things with the thought that it's a bunch of 20 somethings running the show that somehow think that will make them look like a serious coin.  But then again I tend to look at these things a lot differently than most it seems.
hero member
Activity: 784
Merit: 502
For everyone's sake, please reconsider "BRO"...  It is the complete opposite of the vibe you want to put off, I hope.
sr. member
Activity: 246
Merit: 250
Hello everyone,

We wanted to let the community know that we are listening to your comments.  The Breakout Team will be discussing over the next several days, several ways to reward potential "Coin Sale" participants.  However, we have to be careful not to upset the business model, as player acquisition and a growing user base is absolutely essential to the growth of the value of BRO.  

All comments positive or negative are welcome on this forum and will be taken into consideration, as we will be working closely with the community continually.

Thank you!

Breakout Team
hero member
Activity: 980
Merit: 500
Quote
2) More fair distribution vs price per coin.  There are only 4.5 millions BRO offered in the ICO and an uncapped ICO would not allow the Bill Gates to scoop up most or all of the coins
Not really.  'Bill Gates' or the 'whales' can still dump more btc than any other users and gain a higher % of the coins.

Example 1: If 10 people give 10btc or 1 btc each, it wont matter.  They each get 1/10th of the 4.5 million coins with equal buy-ins.  The only thing that changes is the theoretical market cap.  No 'Bill Gates' here but this will not happen either.
 
Example 2: If 9 people give 1btc and 1 person gives 10btc, the MC is 19btc or 236,842bro per btc.  9 people get 236,842bro and 1 person gets 2,368,420bro.  You have a 'Bill Gates'.

Example 3: If 100 people give an avg of .5btc each and 10 people give an average of 5btc each, you have a MC of 100 btc or 45,000bro per btc.  100 people get avg of 22,500bro each and 10 people get 225,000bro each.  Now you have 10 'Bill Gates'.

Of course these are over simplified but the idea is still the same no matter how many investors join or the amount of btc paid in.  You will always have a 'Bill Gates'.  The idea of an uncapped ICO not allowing a 'Bill Gates' is erroneous imho.

Thank you for pointing this out


Quote
3)  The assumption that uncapped ICO will generate money money than a capped ICO is erroneous imho

Really?  Did you see how much bitcoin the Ether project raised with their uncapped ICO?  An uncapped ICOs will most likely not benefit the investors unless very little bitcoin is paid in.  Based on past experiences, it will almost certainly only benefit you, the devs.

I also said in the same sentence


Quote
... In the end, if the project is sound then it will be supported by the community, and vice versa. 

Of course Ethereum was very successful because it has been a promising project.  There are so many other ICOs, both capped and uncapped that failed due to lack of vision/community support, etc..  This is the point that I was trying to make.

I sincerely thank you for an intelligent discussion. 


member
Activity: 108
Merit: 10
The "Bill Gates" argument is an exercise in absurdity for anyone intent of "scooping up" most of the coins could do it just the same during the ICO period. The same way that they could if the price is capped, so it is immaterial either way.

Now the 30 days ICO period is good and is bad. Some will not be interested in having the coins locked for that period. On the other hand,, many will be adjusting their investment along the 320 days depending on many factors, including availability of funds.

The only things I would implement if I were you is VIP coins, with privileges, which I have already pointed out before. Otherwise, this is going to be extremely successful and only limited by the limited availability of BTC in the crypto world that, at the moment, is quite stretched.

Anyone with a minimum investment acumen will see that this is by far the best long term investment ever to appear in crypto... regardless what the final price will be.

Nice to hear from you Barabbas.  You are one of the most critical knowledgeable informed investors on these forums and you've given our project an unequivocal endorsement.  Nice to hear.  Thank you
legendary
Activity: 882
Merit: 1000
Kuriso is 100% right, if you are to greedy to understand that, you wont see my btc there. Its bad because i really like the concept but you cant make same mistakes as craig coins.
hero member
Activity: 784
Merit: 502
"BRO"!  ARE YOU FUCKING KIDDING, "BRO"?   'CMON "BRO" LET'S GO GET WASTED AND PICK UP SOME WHORES.  HEY, "BRO", LETS GO TO THE GYM AND SLAM SOME ROIDS.

ARE YOU GETTING MY POINT YET, "BRO"?

DOUCHY.

Guess you don't like the name of our coin. Sorry. 

I like the name, I don't like "BRO", anything would have been better than that (unless you live in New Jersey).
hero member
Activity: 532
Merit: 500
Quote
2) More fair distribution vs price per coin.  There are only 4.5 millions BRO offered in the ICO and an uncapped ICO would not allow the Bill Gates to scoop up most or all of the coins
Not really.  'Bill Gates' or the 'whales' can still dump more btc than any other users and gain a higher % of the coins. 

Example 1: If 10 people give 10btc or 1 btc each, it wont matter.  They each get 1/10th of the 4.5 million coins with equal buy-ins.  The only thing that changes is the theoretical market cap.  No 'Bill Gates' here but this will not happen either.
 
Example 2: If 9 people give 1btc and 1 person gives 10btc, the MC is 19btc or 236,842bro per btc.  9 people get 236,842bro and 1 person gets 2,368,420bro.  You have a 'Bill Gates'.

Example 3: If 100 people give an avg of .5btc each and 10 people give an average of 5btc each, you have a MC of 100 btc or 45,000bro per btc.  100 people get avg of 22,500bro each and 10 people get 225,000bro each.  Now you have 10 'Bill Gates'.

Of course these are over simplified but the idea is still the same no matter how many investors join or the amount of btc paid in.  You will always have a 'Bill Gates'.  The idea of an uncapped ICO not allowing a 'Bill Gates' is erroneous imho.


Quote
3)  The assumption that uncapped ICO will generate money money than a capped ICO is erroneous imho

Really?  Did you see how much bitcoin the Ether project raised with their uncapped ICO?  An uncapped ICOs will most likely not benefit the investors unless very little bitcoin is paid in.  Based on past experiences, it will almost certainly only benefit you, the devs.



Potential ICO investors, remember this is a ICO/POW coin.  Miners are generally dumpers.  Looks like there are coins being given away free as well.  These can be dumped at any price.  You are paying a flat fee for the coins but you have no idea what that fee will be.  It will change as more btc is paid in.  Things actually get worse as you have more investors spending more btc.  Roughly 9,500bro will be mined every day.  As the potential market cap grows from the ICO, the daily cost in keeping the market price steady will increase. 

Will the amount of BTC raised be public so that investors can judge their potential holdings and cost per BRO?

I'm very, very interested in getting in on this coin but the uncapped limit is almost a deal breaker.  I'd only be a buyer at the end of the 30 days and with less than 500 btc raised.  That puts the MC low and at a really reasonable price.
member
Activity: 108
Merit: 10
"BRO"!  ARE YOU FUCKING KIDDING, "BRO"?   'CMON "BRO" LET'S GO GET WASTED AND PICK UP SOME WHORES.  HEY, "BRO", LETS GO TO THE GYM AND SLAM SOME ROIDS.

ARE YOU GETTING MY POINT YET, "BRO"?

DOUCHY.

Guess you don't like the name of our coin. Sorry. 
hero member
Activity: 784
Merit: 502
"BRO"!  ARE YOU FUCKING KIDDING, "BRO"?   'CMON "BRO" LET'S GO GET WASTED AND PICK UP SOME WHORES.  HEY, "BRO", LETS GO TO THE GYM AND SLAM SOME ROIDS.

ARE YOU GETTING MY POINT YET, "BRO"?

DOUCHY.
sr. member
Activity: 246
Merit: 250
Good luck with the launch of BRO. I'm guessing it'll do well. When does mining begin?

Thanks BoscoMurray, mining will begin with the launch of our platform.  The software is well into development and hope to be ready shortly after the "crowd sale" ends.  However, our primary concern is security. anti-fraud, anti-collusion, and licensing.  We will be doing extensive QA testing and will not launch until we are 100% confident that all systems are in place and secure.
sr. member
Activity: 450
Merit: 250
Good luck with the launch of BRO. I'm guessing it'll do well. When does mining begin?
sr. member
Activity: 246
Merit: 250
So you dont care of investors, you only care of the money you gonna grab, just try to understand us. Btw, this is what we call free market, if people are willing to gamble big amount, its their problem, you cant control everything

Skatebird,

Of course we care about our "coin sale" participants, they will be our core supporters throughout our journey.  This is a long-term project and not designed for a quick pump and dump.  We have an actual business plan that we are prepared to execute that will benefit the entire BRO community.  
legendary
Activity: 882
Merit: 1000
So you dont care of investors, you only care of the money you gonna grab, just try to understand us. Btw, this is what we call free market, if people are willing to gamble big amount, its their problem, you cant control everything
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