[ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 98.

Randy M Kim

member

Activity: 108

Merit: 10

Quote from: BreakoutGaming on October 12, 2014, 01:26:29 AM

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

You are correct about both assumptions mayhem. A ton of money already invested and extremely well known poker players involved in Breakout Gaming and BRO coin.

I hope my other teammates explained and resolved your concerns
better than I did. My job is only player liaison.

BreakoutGaming

sr. member

Activity: 246

Merit: 250

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

brother3

hero member

Activity: 980

Merit: 500

Quote from: mistercoin on October 11, 2014, 11:04:54 PM

Very nice indeed. Another ICO to make mah 0.024BTC turn into moarrr!

Have at it!
The minimum purchase amount will be 0.01 BTC Cheesy

mistercoin

legendary

Activity: 1048

Merit: 1000

https://r.honeygain.me/XEDDM2B07C

Very nice indeed. Another ICO to make mah 0.024BTC turn into moarrr!

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 09:48:39 PM

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 08:52:18 PM

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 08:31:03 PM

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

there we go. i would say your main risk is re-ivestment / duration. but don't be afraid to jump in. the waters green!

jay, have you removed that very bold false claim? i havnt seen you post any proof to back it up or a response to my last post.

Mayhem007, if you want to see what an alt with SERIOUS potential looks like, check my sig.. also you should read my comments on the last page. it seems the dev has not followed sound advice to remove a totally misinformed claim from the OP, that i now know due to the lack of action, is obviously only their for hype.

relax. we have lots of work on our hands. Nxt is not mentioned at all here. stop trying to push Nxt, we all know its Java and better then all alt-coins.
ATTENTION: NXT HAS REACHED DISTRIBUTED CONSENSUS AS WELL!!

moving on

Quote from: jaybny on October 11, 2014, 08:58:15 PM

Quote from: ?? on ??

i havnt seen you post any proof to back it up or a response to my last post.

(fyi He wants me to prove that Nxt has NOT reached distributed consensus.. or take our claim off all the marketing stuff.. and he thinks i can just snap my fingers... )

You want me to research and follow all the Nxt missionaries?

Why dont you prove to us all the Nxt is 100% PoS reaching distributed consensus.. what is it? every 10 seconds? and no developer checkpoints. lulz

I will prove that bergstake is.

i think you should have done the prior due diligence before starting a project of this scale and if you had you would know that you are not the first to reach distributed consensus in a distributed manner using PoS. you would not have made that claim, you would not have had to code "bergstake" to solve an issue that has been solved already, you would have had less coding to do, we would not be discussing this and above all you would not be missleading investors whether it was intentional or not.

if you think im a troll, go through my post history.. 2500+ posts and zero troll posts.. i brought this to your attention so that it could be rectified not knowing if it was a simple mistake or if it was intentionally included as a hype builder - the latter seems to have proven the most probable from your response. stop trying to brand me as a coin pumper.. as you can see from my sig, im not even invested in nxt. rather a different platform. i only used nxt as my example, like i have said before, because it is the PoS coin that i know best and just happens to be the coin that invalidates the claims made by yourself.

you should be very capable of doing this kind of research prior to starting any code and you being the main dev should probably know all this as well seeing as you are trying to solve "issues" with PoS currencies.. and you should know ALL of the major PoS technologies better than most but that seems to have proven a false assumption of you.

i did the research and it was inconclusive, I've been asking technical questions to NXT devs throughout the years, never received satisfactory answers.

if you knew how NXT picks block signers, you would have already shared that with us all. no wonder you have 2500+ posts, how much did that 2011 bitcointalk login cost you?

general overview of forging

in depth mathematical explanation of the forging mechanism that includes how nxt picks block signers

its all there..

i already shared the paper with you but you chose to ignore it.

can you explain how it works or not? even a little bit?

Quote

This feature of the Nxt forging algorithm helps form the basis for the development and implementation of the Transparent Forging algorithm. Since this algorithm has not yet completely been implemented, and because its implications on the Nxt network are significant, it will be outlined in a separate paper.

brother3

hero member

Activity: 980

Merit: 500

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 08:52:18 PM

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 08:31:03 PM

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

there we go. i would say your main risk is re-ivestment / duration. but don't be afraid to jump in. the waters green!

jay, have you removed that very bold false claim? i havnt seen you post any proof to back it up or a response to my last post.

Mayhem007, if you want to see what an alt with SERIOUS potential looks like, check my sig.. also you should read my comments on the last page. it seems the dev has not followed sound advice to remove a totally misinformed claim from the OP, that i now know due to the lack of action, is obviously only their for hype.

relax. we have lots of work on our hands. Nxt is not mentioned at all here. stop trying to push Nxt, we all know its Java and better then all alt-coins.
ATTENTION: NXT HAS REACHED DISTRIBUTED CONSENSUS AS WELL!!

moving on

Quote from: jaybny on October 11, 2014, 08:58:15 PM

Quote from: ?? on ??

i havnt seen you post any proof to back it up or a response to my last post.

(fyi He wants me to prove that Nxt has NOT reached distributed consensus.. or take our claim off all the marketing stuff.. and he thinks i can just snap my fingers... )

You want me to research and follow all the Nxt missionaries?

Why dont you prove to us all the Nxt is 100% PoS reaching distributed consensus.. what is it? every 10 seconds? and no developer checkpoints. lulz

I will prove that bergstake is.

i think you should have done the prior due diligence before starting a project of this scale and if you had you would know that you are not the first to reach distributed consensus in a distributed manner using PoS. you would not have made that claim, you would not have had to code "bergstake" to solve an issue that has been solved already, you would have had less coding to do, we would not be discussing this and above all you would not be missleading investors whether it was intentional or not.

if you think im a troll, go through my post history.. 2500+ posts and zero troll posts.. i brought this to your attention so that it could be rectified not knowing if it was a simple mistake or if it was intentionally included as a hype builder - the latter seems to have proven the most probable from your response. stop trying to brand me as a coin pumper.. as you can see from my sig, im not even invested in nxt. rather a different platform. i only used nxt as my example, like i have said before, because it is the PoS coin that i know best and just happens to be the coin that invalidates the claims made by yourself.

you should be very capable of doing this kind of research prior to starting any code and you being the main dev should probably know all this as well seeing as you are trying to solve "issues" with PoS currencies.. and you should know ALL of the major PoS technologies better than most but that seems to have proven a false assumption of you.

i did the research and it was inconclusive, I've been asking technical questions to NXT devs throughout the years, never received satisfactory answers.

if you knew how NXT picks block signers, you would have already shared that with us all. no wonder you have 2500+ posts, how much did that 2011 bitcointalk login cost you?

pvnamk19

full member

Activity: 178

Merit: 100

Hi Devs,
Why don't you share gaming profits, let's say 1%, to owners of Bergstake?.
By doing that, lots of BTCs will pour to your ICO and you will have many advantages for long term development.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: ?? on ??

i havnt seen you post any proof to back it up or a response to my last post.

(fyi He wants me to prove that Nxt has NOT reached distributed consensus.. or take our claim off all the marketing stuff.. and he thinks i can just snap my fingers... )

You want me to research and follow all the Nxt missionaries?

Why dont you prove to us all the Nxt is 100% PoS reaching distributed consensus.. what is it? every 10 seconds? and no developer checkpoints. lulz

I will prove that bergstake is.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: ?? on ??

Quote from: jaybny on October 11, 2014, 08:31:03 PM

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

there we go. i would say your main risk is re-ivestment / duration. but don't be afraid to jump in. the waters green!

jay, have you removed that very bold false claim? i havnt seen you post any proof to back it up or a response to my last post.

Mayhem007, if you want to see what an alt with SERIOUS potential looks like, check my sig.. also you should read my comments on the last page. it seems the dev has not followed sound advice to remove a totally misinformed claim from the OP, that i now know due to the lack of action, is obviously only their for hype.

relax. we have lots of work on our hands. Nxt is not mentioned at all here. stop trying to push Nxt, we all know its Java and better then all alt-coins.
ATTENTION: NXT HAS REACHED DISTRIBUTED CONSENSUS AS WELL!!

moving on

p.s. think you should try to deal with this first: NXT

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: Mayhem007 on October 11, 2014, 07:47:52 PM

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

there we go. i would say your main risk is re-ivestment / duration. but don't be afraid to jump in. the waters green!

Mayhem007

member

Activity: 98

Merit: 10

who gives a crap about all this other nonsense, i only care if the coin has potential to make me money. ive been scammed a few times by exchanges and half thought out alts. this is the first time an alt has my interest peaked. there seems to be a lot of money and well known people backing it up, unlike 100s of other shit coins.

WeGotCactus

newbie

Activity: 31

Merit: 0

You have mentioned that you will only offer games to players where it is legal to play.

What measures are you taking to enforce this?

1. If I am a US citizen traveling abroad in a territory where it is legal to play, will the software let me play?

2. If I am a citizen in a country where it is legal to play but I am traveling abroad in the US, does the software let me play?

3. One of the appeals of cryptocurrency is obviously privacy, but what privacy compromises do you have to make to satisfy your regulators? (like getting copies of government issued IDs of players)?

brother3

hero member

Activity: 980

Merit: 500

Quote from: mydearvoice on October 11, 2014, 01:26:16 AM

So expensive price, I can not accept Huh

Not sure what you mean? This is a no cap ICO so we do not set the price. The investors will determine the price.

jaybny

sr. member

Activity: 410

Merit: 250

Proof-of-Skill - protoblock.com

Quote from: barabbas on October 10, 2014, 10:37:40 PM

besides being a crypto currency of no technical innovation (none is needed, mind you)

bergstake is a huge technical innovation.

Quote from: barabbas on October 10, 2014, 10:37:40 PM

what, beyond the bro-bergstake, does the investors get?

What you are really asking is whats the value proposition of Breakoutcoin? Its true that as an investor you "only" get breakoutcoins with bergtsake. BRO is not just a crypto-currency, its also a token that will be integrated into the core of Breakout Gaming.

Assumption: Breakout Gaming will be a successful global gaming company, and attract a large loyal customer base, with millions of fiat deposits monthly.

-- Breakout Gaming will be licensed and regulated (outside the US).

-- Gaming regulations require gaming companies to maintain a currency balance, to cover all customer deposits and potential winnings.

-- BRO will be the reference currency for Breakout Gaming. All chips/tokens, used for all games, will be denominated in BRO

Assumption: Breakout Gaming will continuously grow its customer base and deposits.

-- At any given time there will be large amount of customer deposits sitting on Breakout Gamings books, this amount will be steadily rising.

-- Breakout Gaming must hold enough BRO to cover all these deposits. As deposits grow, they will be required to hold more and more BRO

The fact that Breakout Gaming must maintain a balance in BRO to cover all fiat/BTC/BRO deposits, creates value for BRO!

On its own, BRO is just another alt-coin, and will only be valuable if used as a medium of exchange. With Breakout Gaming, BRO has value independent of its use as a currency. In fact BRO should not be thought of as a general purpose currency at all. Its more like a crypto-token, that can be used as a currency if desired.

How many coins, including Bitcoin, have any value other than it being a medium of exchange? This is the potential value that investors get with BRO. Assuming Breakout Gaming is a smashing success, BRO should be more valuable then just another alt-coin clone.

To me, BRO is more like Bitcoin 2.0, or a DAC / DOA.

gwada971

jr. member

Activity: 32

Merit: 10

hello

seems interesting, based on cryptonote it will be possible tu mine it with the current cpu/gpu miner (wolf, claymore) Huh

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: Randy M Kim on October 11, 2014, 03:28:09 AM

Quote from: barabbas on October 10, 2014, 10:37:40 PM

Quote from: BreakoutGaming on October 10, 2014, 10:05:38 PM

Hello, just wanted to point out something to people that are having a hard time understanding why BRO will be a huge hit.

Everyone at the BitAngels and inSide Bitcoin Conference were complaining that the problem with these alternative coins is that they have no marketing behind them and no liquidity. There is no sustainable model that can support prices of these coins.

Enter Breakout Gaming. Professional multi-million dollar marketing entering into a $40Bn market. Gaming is the number one use of all crypto coins, up to 70% by some estimates.

Breakout Gaming plans to have 750,000 registered users over the next two years. Players that register on our gaming site to play that buy-in with "fiat" currency to buy BRO chips must be backed by a similar reserve in BRO coins. That means Breakout Gaming MUST buy BRO coins on a daily basis to meet those reserve requirements. That could be millions a day, depending on the volume. Now go to coinmarketcap.com and look at the daily trading volume of the top ten coins. Pitiful.

If Breakout Gaming captures even a sliver of the traditional gaming market as we plan. Good things will happen.

BRO is, indeed, the first digital coin that will be used from day one. Not even Bitcoinn can claim that. I am quite sure your ICO is going to be a success of historical proportions. Deservedly so...

But I see some rather serious, troubling problems that hadn't been addressed: Besides being a crypto currency of no technical innovation (none is needed, mind you), what BRO is, above anything else, is a Vegas Virtual Supercasino. And, as such, is requires a bunch of things, chief among them, a huge payroll. Maintenance, security, supervision, R&D... Let's assume that you collect $5 million dollars in the ICO. You are a big "team" already. So even though it is a huge amount, it isn't so big when you spread it about. And then what? What would be the incentives for people to remain "working" on the project? The big money would have been made, crypto-style (that means instantly), why not move on to the next "thing" instead of hanging on, for no additional payment?
Who will mind the store?

Additionally: Yes people will continue coming in and needing BRO to buy-in. How are those pots, tournaments, etc. going to operate? As a business? If so, this will be no different than Caesar's Palace issuing a specific number of coins and keeping 67% of them while selling to the public the rest. Investment opportunity? For Caesar's, not for investors... in other words, what is the business model, what, beyond the bro-bergstake, does the investors get?

I am definitely not as qualified as others involved in our project to answer your concerns but they appear to be sleeping so I will try.
Most importantly you must understand we are BREAKOUT GAMING. BRO is being created to promote Breakout Gaming. When BRO coin is successful it sets the framework for a successful Breakout Gaming. That is our intention. All current employees will retain employment as to further develop Breakout Gaming. Online gaming is a $40,000,000,000 annual business. If as expected we capture a portion of this tremendous market all employees will have a lucrative job for years to come. Why would they leave ? Why would we quit on the project and leave behind a chance of sharing in a $40B annual market for five million dollars and destroy our initial dream ? Would you ? Of the 67% of the remaining premined coins the lions share will be given away in promotions not kept by the devs. That's how we plan to develope our 750,000 registered users. We are not going to stop with the virtual super casino only. We plan to offer other uses for BRO coin outside of casino games. Backgammon would be one example. Who knows. Maybe sometime in the future a father who would never consider casino gaming or poker will be playing chess for BRO's with his son who is across the country away from home for college. When this happens do you think your initial investment in the ICO will be profitable?
Once again. I am not the best Breakout representative to answer your inquiry but I hope my explanation makes some sense to you.
Thank you for your interest in Breakout Gaming

Thank you for your answer, incomplete and not very knowledgeable as it is. It DOES confirm though that this ICO is, in fact, a crowd funding of a Virtual Super Casino and a business behind it on the side... which is fine and dandy except.... what's in it for me?. You seem to miss the point in my very specific questions. The Virtual Super Casino, in order to operate, subsist and progress, needs INCOME. Income way beyond -and sustained- the ICO crowdfunding. Where does it come from? Once again: Yes the BRO and the Bergstake will -potentially- be valuable, perhaps more valuable than their ICO price -but maybe not- because, in the end, the Casino will operate just like any other real-life casino and everyone knows that ONLY the Casino makes money. Not the customers and -in this case in particular- certainly not the investors. How could they. I don't care if you capture 1% of the 40$ billion industry of half of it or the entire enchilada... the question remains: What's in it for me?

And the way I see it, the answer to that question is NADA. Or next to nothing, best case scenario.

You, on the other hand, will do spectacularly, I'm quite sure of it. Congrats in advance

Randy M Kim

member

Activity: 108

Merit: 10

Quote from: barabbas on October 10, 2014, 10:37:40 PM

Quote from: BreakoutGaming on October 10, 2014, 10:05:38 PM

Hello, just wanted to point out something to people that are having a hard time understanding why BRO will be a huge hit.

Everyone at the BitAngels and inSide Bitcoin Conference were complaining that the problem with these alternative coins is that they have no marketing behind them and no liquidity. There is no sustainable model that can support prices of these coins.

Enter Breakout Gaming. Professional multi-million dollar marketing entering into a $40Bn market. Gaming is the number one use of all crypto coins, up to 70% by some estimates.

Breakout Gaming plans to have 750,000 registered users over the next two years. Players that register on our gaming site to play that buy-in with "fiat" currency to buy BRO chips must be backed by a similar reserve in BRO coins. That means Breakout Gaming MUST buy BRO coins on a daily basis to meet those reserve requirements. That could be millions a day, depending on the volume. Now go to coinmarketcap.com and look at the daily trading volume of the top ten coins. Pitiful.

If Breakout Gaming captures even a sliver of the traditional gaming market as we plan. Good things will happen.

BRO is, indeed, the first digital coin that will be used from day one. Not even Bitcoinn can claim that. I am quite sure your ICO is going to be a success of historical proportions. Deservedly so...

But I see some rather serious, troubling problems that hadn't been addressed: Besides being a crypto currency of no technical innovation (none is needed, mind you), what BRO is, above anything else, is a Vegas Virtual Supercasino. And, as such, is requires a bunch of things, chief among them, a huge payroll. Maintenance, security, supervision, R&D... Let's assume that you collect $5 million dollars in the ICO. You are a big "team" already. So even though it is a huge amount, it isn't so big when you spread it about. And then what? What would be the incentives for people to remain "working" on the project? The big money would have been made, crypto-style (that means instantly), why not move on to the next "thing" instead of hanging on, for no additional payment?
Who will mind the store?

Additionally: Yes people will continue coming in and needing BRO to buy-in. How are those pots, tournaments, etc. going to operate? As a business? If so, this will be no different than Caesar's Palace issuing a specific number of coins and keeping 67% of them while selling to the public the rest. Investment opportunity? For Caesar's, not for investors... in other words, what is the business model, what, beyond the bro-bergstake, does the investors get?

I am definitely not as qualified as others involved in our project to answer your concerns but they appear to be sleeping so I will try.
Most importantly you must understand we are BREAKOUT GAMING. BRO is being created to promote Breakout Gaming. When BRO coin is successful it sets the framework for a successful Breakout Gaming. That is our intention. All current employees will retain employment as to further develop Breakout Gaming. Online gaming is a $40,000,000,000 annual business. If as expected we capture a portion of this tremendous market all employees will have a lucrative job for years to come. Why would they leave ? Why would we quit on the project and leave behind a chance of sharing in a $40B annual market for five million dollars and destroy our initial dream ? Would you ? Of the 67% of the remaining premined coins the lions share will be given away in promotions not kept by the devs. That's how we plan to develope our 750,000 registered users. We are not going to stop with the virtual super casino only. We plan to offer other uses for BRO coin outside of casino games. Backgammon would be one example. Who knows. Maybe sometime in the future a father who would never consider casino gaming or poker will be playing chess for BRO's with his son who is across the country away from home for college. When this happens do you think your initial investment in the ICO will be profitable?
Once again. I am not the best Breakout representative to answer your inquiry but I hope my explanation makes some sense to you.
Thank you for your interest in Breakout Gaming

mydearvoice

sr. member

Activity: 250

Merit: 250

So expensive price, I can not accept Huh

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: nhrf3 on October 11, 2014, 12:59:57 AM

Great breakdown and questions- hopefully something beyond a secret project like The Three Stooges and James are offering.

Thank you but that is not relevant here. Besides, IF (HUGE IF) James delivers as he has up until now, even the Stooges will look (kind of) good.

Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 98. (Read 243361 times)