Topic: [ANN][BRK] Breakout Coin | Sale June 13 2016 | Multicurrencies | Smart Contracts - page 99. (Read 243361 times)

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

BRO is, indeed, the first digital coin that will be used from day one. Not even Bitcoin 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?

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.

Jake, I just love the fact that you are on the thread 

This coin is going to be sick.  I got my btc ready to shove.  Ship it! Holla!

Thanks for your interest!

You are welcome!

We will definitely be accepting Bitcoin.  We have an in-house exchange that will act as a gateway for alt currencies and their community to play on our platforms with an all-in-one solution.

hello,

will the breakout website accept bitcoin or other altcoins as gaming currency ?

DailyModo,

Thank you for the tremendous article!!

-- It is true that Nxt doesn't have the major problems of typical PoS coins, because it doesn't use coinage. Also Nxt is 100% pre-mined so there is no large block reward just some transaction fees, sometimes.  

-- I have read the Nxt white paper, a while ago, and have a simple question. When two accounts simultaneously sign the block at the same time, how is consensus reached?

-- I really don't want to get into a Nxt specific debate. For one, we use some on the same ideas from Nxt regarding block signer algorithm.

-- there are hundreds and hundreds on pages of debate as to whether Nxt is truly decentralized in its use of checkpoints.
https://nxtforum.org/general/how-does-nxt-fix-the-nothing-at-stake-problem/msg27570/#msg27570

-- There are good arguments on both side. But the Nxt "forging" algorithm has been updated multiple times to fix various problems.  

-- when Nxt first came out, its algo was flawed and it relied on checkpoints. can we agree on this?

If Nxt has fixed all these problems thats great, but this is not really the place to discuss if Nxt reached PoS consensus. What should be discussed is Bergstake, and its viability.

Fyi: Before coming up with Bergstake, I meticulously researched all the PoS white-papers, have deep understanding of PoS and its issues. Ive been watching and reading Nxt from the very early days, but not so much recently. It is entirely possible that Nxt and Bergstake both solved the problems. To me, Bergstake is much simpler and cleaner.


edit:
seems like the Nxt debate is still raging on:

https://bitcointalksearch.org/topic/2014-09-18-bitcoin-core-developer-jeff-garzik-believes-nxt-is-a-scamcoin-787100

edit:

and theres this:
https://download.wpsoftware.net/bitcoin/pos.pdf

Thanks very much! 

looks interesting. watching 

Here's an article about breakout coin hope you guys enjoy it http://coin-network.com/breakout-gaming-and-breakout-coin-time-for-the-revolution/

Jay is the dev

I hope this answers your question

http://fundraiser.breakoutgaming.com/the-coin/

Header "Proof-of-Bergstake / Proof-of-Work Hybrid to Solve Known Problems"

If you are still not satisfied, I will let Jay know...

Thank you for your interest and kind words!