Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 95. (Read 243361 times)

Question : How long will the ICO run for ?

Which game?

Thanks Zarton!   

Spanish translation -> https://bitcointalksearch.org/topic/--823513
 

Thanks. This is important.

i like the game... 

Current pool technology will not enable this. So the pool operator will keep all the Bergstake, and to compensate, they will have to distribute all or most of the BRO to miners. This is why we are developing a new kind of pool, where when a block is found, all miners will be entered into the coinbase transaction directly. So there will be 100s of outputs. This "feature" will keep pools smaller and less centralized.

Dev, I have just one question. If I will mine on pool during PoW, how the pool will send me Bergstakes?

price will be market driven. there will be miner dilution over 2 years, giveaways will be managed with demand, and even if ICO is peak near term, you get to sell in first 2 years, and then get to sell again with rewards from bergstake. if you feel ICO will be peak price and peak EV, then its probably not a good idea to invest.  

excellent points, yes, we are aware of recent cryptonote issues and have backup plans in place, such as x11 or x13, but even without CryptoNote, we can still use CryptoNight, no? I am not familiar with SuperNET, but if it provides anonymity without the bloat, its a huge plus. not sure there will be time to make a change, but again the ICO investors will be able to demand changes with majority vote using bergstake.

the giveaways will be done though gaming platform, in small amounts, over long periods of time, and they will not just be able to cash out immediately. the giveaways are key to building the gaming business, which uses BRO denominated chips. also, ICO investors get Bergstake. regarding ownership, the coin does not represent ownership of any kind, the coin only represents what it is; a decentralized crypto currency.

I will vote for the idea of distributing Bergstake of 7 million – Giveaways BRO to ICO investors.
Can Devs say something about pluging BRO into the SuperNET?
Thanks!

Thanks for the replies.
1.  Do you know what the ICO pricing will be per BRO?  Because with 14 million outstanding BRO with a tremendously fast 33% 2 year dilution emission curve, then it could easily be the case that the ICO will represent peak prices over the near to medium term simply due to the bulk selling of miners over the next 2 years.  Add in the fact that users that got their BRO for free will be far quicker to dump for any price (because their cost basis was zero) and you have another huge 7million 33% dilution dumping on the market.

2.  Was there ever a consensus about the "coin killing flaw" that possibly exists in all Cryptonote coins?  If you haven't read the thread, you need to and this is not the scam thread, but the thread covering the possible coming attack on the Monero blockchain.  If all cryptonote coins do have either a backdoor, or a fundamental flaw, then it's best to iron this out now before launch.  Also, gaming and gambling cause more blockchain transactions that most everything and Cryptonote coins are vulnerable over the long term to blockchain bloat.  Maybe the 2 technologies are not as good a match as previously believed.  Have you considered just using energy efficient X11?  Still GPU only and will most assuredly stay that way for the remainder of the 2 year POW phase and most miners are already familiar with this protocol so you get your stated goal of reaching the widest distribution.  Plus, you don't have to worry about some secret super high hashing GPU miners as has been the case with the Cryptonote coins.  
Also, if you desired blockchain anonymity, You could still get the anonymity of cryptonote and others by allowing BRO users the option to simply plug into the SuperNET family of coins to gain access to Boolberry (a cryptonote coin) or BTCD's anonymizing Teleport technology.

3.  Consider giving away less BRO and deliver far more coins in the ICO with the goal of lowering the price per coin.  Kinda sucks asking someone to pay real money for an unknown price for a coin only to have that same company then give away almost twice as many BRO for free in order to drive customers to their for profit gambling business for the financial benefit of the owners of said business.  Just rubs investors the wrong way unless you were also going to give Bergstake or ICO holders real ownership shares in the actual Breakout Gaming corporation.....which I would be all for................the blockchain could be a certain percent owner of Breakout Gaming and then everyone that owned the coin would share that ownership.

Thanks for the great translation work!

All gaming chips will be denominated in BRO, so Breakout Gaming will have to match all deposits with BRO, which creates some value. In return they get 7million for giveaways, and BTCs from initial sale, this could not be done without a new coin.

All these questions can be answered with some more details on what exactly Berstake is and how it works.

No special coin or data or anything is added to the blockchain to generate Bergstake. Every new BRO coin has Bergstake. The first transaction for every coin is the "Coinbase" transaction. Before these newly minted coins are transferred away, the BRO and Bergstake are the same thing! What exactly is this thing? Its an output with an address, and is owned by the person who can prove its his address.

There is even Bergstake in bitcoin.   (seriously, if there is every a major emergency with bitcoin, moving to PoB wont be a bad idea!)

When these "virgin" BRO coins are transferred  to a new address, the Bergstake is not transferred. It remains tied to the original address forever. Why? Because thats how its defined.

To answer your questions:

1. 2. a pre-mine is the same thing as a mine.. and every mined coin has Bergstake. However, since Bergstake cannot be transferred, we have yet to come up with a solution to distribute the 7 million Bergstake with the BRO giveaways. The plan has always been to burn these 7 million Bergstake. However, after the ICO and before the Genesis block launch, there is an opportunity to either distribute some more Bergstake to ICO investors or to even have a large freeroll poker or fantasy tournament. 

This can be done if put to a vote and voted on with your ICO Bergstake.. The idea is to distribute the Bergstake wide as possible, which leads to your next question.

3. In general, with consensus systems, if there is a single holder with 51% then he always wins because he is the consensus. However to get 51% of bergstake a single miner would have to solve over 50% of all blocks. For there to be 51% holder there would need to be 51% mining power throughout the entire 2 years of PoW. Even if this does happen, a 51% attack really wont be successful, because he cannot acquire the other 49%, so the worst he can do is cause a complete fork in Breakout coin, with one fork of 49% and one with the 51% attacker. if the attacker tries to "mine" on the 49% fork, he will lose his Bergstake due to "double-mining-proof".

4. Its technically impossible for there to be more Bergstake then BRO. However, the genesis block will need to contain the addresses of every single ICO investor, and we will most definitely have an audit of this open-source transaction and compare it to the Bitcoin Exodus inputs.

More Questions:
1.  So since Bergstake cannot mine more Bergstake, then the total Bergstake is 7 million mined plus 4.5 million ICO, Correct?
"Distribution of BRO at 2-Years
12% - 2.5 million – Developers, Marketing, Pros, Bounties, Ops
21% - 4.5 million – Initial Coin Offering, Genesis block + Bergstake
33% 7 million – Giveaways - 2 year distribution schedule
33% 7 million – Mined during PoW phase + Bergstake"

2.  And for the 2.5 million for Developers and 7 million in giveaways....there is no Bergstake for them, correct?  

3.  Then if we assume 11.5 million total Bergstake ever in existence, what precautions, if any are you going to do to make sure there is no centralized 51% attacker at the onset of the POB period?  

4.  Also, are you going to do what is necessary to bring in an independent auditor to verify that there are no hidden premined Bergstake shares owned by a centralized person who could perform undefeatable timewarp attacks on BRO.
Thanks.
-Drkman

from my understanding after two yrs, they are left with only 12% of the pre-mine.  looks like they dumped a lot of money into this, so they are heavily invested already unlike a bunch of other shit coins.  where do you want to make a bet?  a couple of hackers and devs or a well organized org that seems talented and backed by a huge market hmmmmm 

Perhaps you should read one of my previous posts... Breakout Gaming will have controlled 67% of the coins. They will be able to manipulate the price to buy very low. They couldn't do that with the same level of control with other coins.

Why wont u use BTC (and DOGE/BC/LTC / other fast/strong coins ) ?

It looks like you will have huge premine and risk nothing

Thanks BRO!