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Topic: [Pre-ANN][BRO] BreakoutCoin | Bergstake | BottlessNight | Gaming Platform + - page 3. (Read 20926 times)

full member
Activity: 196
Merit: 100
Interesting project gents, have me wondering about the following:

Considering that Bergstake is a significant innovation, sitting/waiting on it for two years of PoW is largely unattractive (in my mind).
Would you consider activating Bergstake sooner, perhaps having a stage of concurrent PoW and PoS?

Once POW ends and Bergstake starts,  it will be impossible to obtain more Bergstake. So whatever the distribution looks like at that point, will continue forever. The two years of mining  coupled with the ICO, should have the effect of distributing the Bergstake as widely as possible.

Think of the bergstake as an out-of-the money call option, or lottery ticket, that you get for free each time you solve POW. ICO investors will also get Bergstake.

In the limit as as POW time gets closer to 0 , the coin basically becomes a 100% pre-mine, which we do not want.

Interesting idea regarding concurrent PoW / PoS , would have to flush this out.

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Also, will the ICO allow participation for someone that does not have a local BTC wallet? I only ever use web wallets for BTC, and the automagic distribution of BRO to ICO buyers sounds to me as depending on access to one's BTC keys. Please elaborate.

Best of luck!
~ Myagui

@myagui - yes, the basic method would depend on a access to local BTC keys.  we are working on a solution that would enable the use of web wallets.

if anyone has some suggestions we would love to hear. bounties will be available.





Especially with Snowden revelations, we here in the USA know they can access our PC any time they like.
I know, there are solutions, but those are NOT available to most people.Learning curve is just too big to overcome. I had 13 BTC stolen from my computer back when it was about 30bux. I ONLY trust exchanges, and BLOCKCHAIN.

So, are you saying I cannot participate in ICO if I don't have a wallet on my computer prior to October 4th, when the ICO comes??? SHIT MAN, THAT SUX , if in fact true. I have NOT been this excited about a new coin since BTCD went public. I have been getting "my ducks in a row" since I first saw this thread. Now it looks like I can't participate early.... PLEASE tell me it ain't so!!  Cry Cry Cry Cry Cry

~darylluke.
sr. member
Activity: 252
Merit: 250
Hold up!

I just read some of the literature.  Only in legal to play markets?  Will I have to give you ID to play and withdraw my coins?  

Hi JakeThePanda,

Poker and Casino will not be available in the USA. We will follow all applicable laws.

ID's (like driver's license?) shouldn't be required to play or withdraw coins.  It's the traditional payment processors that have stringent KYC requirements.



How will you know where I'm from if ID isn't required?  I guess there will be no playing poker with the pros considering most of them are from the USA.  Cheesy Cheesy Cheesy

For US residents:

We will IP block USA poker/casino play until laws change.  Although some consider crypto poker to be a legal grey area and offer unlicensed poker to the USA, we feel that it's not worth the risk it brings to the project and all the big names behind it.  We are thinking long term.

All forms of Fantasy Sports are legal in every state with a few exceptions.

Many Pros have residences outside the US.  We're working with Gzesh so that the Pros, even while in the US, will be able to participate in planned poker promotions.  You will be able to play with the Pros.
hero member
Activity: 980
Merit: 500
how to get coins ?

Coins will be offered via ICO as well as mining...

Quote
PoW for 2 years, with CryptoNight based hashing algo then changes to Bergstake, a pure Proof-of-Stake algorithm, that solves all the known PoS issues
hero member
Activity: 644
Merit: 500
Hold up!

I just read some of the literature.  Only in legal to play markets?  Will I have to give you ID to play and withdraw my coins?  

Hi JakeThePanda,

Poker and Casino will not be available in the USA. We will follow all applicable laws.

ID's (like driver's license?) shouldn't be required to play or withdraw coins.  It's the traditional payment processors that have stringent KYC requirements.



How will you know where I'm from if ID isn't required?  I guess there will be no playing poker with the pros considering most of them are from the USA.  Cheesy Cheesy Cheesy
sr. member
Activity: 252
Merit: 250
dev, what time the official launch, set the countdown, how to get BRO


The Announcement should be up next week with a 2 week countdown to the BRO ICO.
sr. member
Activity: 252
Merit: 250
Hold up!

I just read some of the literature.  Only in legal to play markets?  Will I have to give you ID to play and withdraw my coins?  

Hi JakeThePanda,

Poker and Casino will not be available in the USA. We will follow all applicable laws.

ID's (like driver's license?) shouldn't be required to play or withdraw coins.  It's the traditional payment processors that have stringent KYC requirements.

full member
Activity: 121
Merit: 100
sr. member
Activity: 252
Merit: 250
this looks promising
hero member
Activity: 980
Merit: 500
where is the proof poker players actually back the coin as that would be in violation of their contract with pokerstars/fulltilt poker

You can start looking at the poker players' official Twitters
hero member
Activity: 686
Merit: 500
where is the proof poker players actually back the coin as that would be in violation of their contract with pokerstars/fulltilt poker
sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
I think selling "play money" tokens to raise money for a site you haven't built yet is a fantastic idea, wishing you the very best of luck!
play money tokens? where u get that?

thank you. the coin stands on itself. no worse than just another alt-coin.
hero member
Activity: 714
Merit: 502
I think selling "play money" tokens to raise money for a site you haven't built yet is a fantastic idea, wishing you the very best of luck!
sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
I don't get it.  Why not just create a suite of online gambling sites that accepts crypto without exposing yourself to the downside of a failed coin?  99% of the coins that are released wind up as shitcoins offering little or no real innovation, and from what I've seen here I don't expect this coin to stand out in any meaningful way.

When you try to be everything you typically wind up with nothing, BRO.

-- the gaming platform with a built-in exchange will create a unique environment that can support BRO coin by providing unprecedented liquidity.

-- by creating a new coin, it enables the use of a small portion of the BRO pre-mine, to be widely distributed through freeroll contests.

-- BRO uses an innovative new proof-of-stake algorithm, which makes it a viable currency on its own as an alternative to bitcoin.

-- the coin and the platform each can survive on its own, but together they are both stronger.




Do you have any clue about what you're saying?

1.)  -- the gaming platform with a built-in exchange will create a unique environment that can support BRO coin by providing unprecedented liquidity.

Numerous online gambling sites have failed because it's a very competitive environment.  Likewise there are plenty of struggling exchanges in the crypto space that can't seem to attract liquidity.  You've explained nothing, only having made a grand claim that combining both of these is some sort of secret sauce that will magically make players or traders appear on their platform or exchange.  This claim is completely ridiculous.

the magic happens because the users are there for the games, we have fantasy esports games, for a younge demographic and fanatics of spectator esports.

Quote
2.)  -- by creating a new coin, it enables the use of a small portion of the BRO pre-mine, to be widely distributed through freeroll contests.

The coin needs to have some sort of value first.  If all they got is the idea that combing a gaming platform with an exchange will somehow create liquidity or value for the coin, then you'll most likely see freeroll contests with worthless prizes.
no its doesnt need value, only utility. but it has value , this value is a side effect of the various gaming laws and regulations

Quote
3.)  -- BRO uses an innovative new proof-of-stake algorithm, which makes it a viable currency on its own as an alternative to bitcoin.

Lol.  Please expand.  A currency requires people exchange with it.  Why exactly do I want to use this currency?  Is there somewhere for me to spend it other than a gambling site / exchange that probably won't have any players or use it on freerolls that have worthless prizes?  Without clearly answering they you plan to provide liquidity or find players for the gambling sites then this statement is a crock of shit.

much lulz back.. u win 5 Internets

its a coin, a token, its solves the nothing-at-stake problem. it maybe worthless, but it should still be in the top 10 market-cap, because its all worthless. including fiat, and cat memes

RTFM!
 
Quote
4.)  -- the coin and the platform each can survive on its own, but together they are both stronger.

Unless they are both worthless.  I hate to break it to you but 0 + 0 = 0.  And again you've made a ridiculous claim without any sort of reasonable explanation to back up why it will be stronger.  

something strange in your neighborhood....




who you gonna call???





FUD busters!
 Grin Grin Grin


fyi. i can answer any questions you have. just ask nicely.
sr. member
Activity: 443
Merit: 250
I don't get it.  Why not just create a suite of online gambling sites that accepts crypto without exposing yourself to the downside of a failed coin?  99% of the coins that are released wind up as shitcoins offering little or no real innovation, and from what I've seen here I don't expect this coin to stand out in any meaningful way.

When you try to be everything you typically wind up with nothing, BRO.

-- the gaming platform with a built-in exchange will create a unique environment that can support BRO coin by providing unprecedented liquidity.

-- by creating a new coin, it enables the use of a small portion of the BRO pre-mine, to be widely distributed through freeroll contests.

-- BRO uses an innovative new proof-of-stake algorithm, which makes it a viable currency on its own as an alternative to bitcoin.

-- the coin and the platform each can survive on its own, but together they are both stronger.




Do you have any clue about what you're saying?

1.)  -- the gaming platform with a built-in exchange will create a unique environment that can support BRO coin by providing unprecedented liquidity.

Numerous online gambling sites have failed because it's a very competitive environment.  Likewise there are plenty of struggling exchanges in the crypto space that can't seem to attract liquidity.  You've explained nothing, only having made a grand claim that combining both of these is some sort of secret sauce that will magically make players or traders appear on their platform or exchange.  This claim is completely ridiculous.

2.)  -- by creating a new coin, it enables the use of a small portion of the BRO pre-mine, to be widely distributed through freeroll contests.

The coin needs to have some sort of value first.  If all they got is the idea that combing a gaming platform with an exchange will somehow create liquidity or value for the coin, then you'll most likely see freeroll contests with worthless prizes.

3.)  -- BRO uses an innovative new proof-of-stake algorithm, which makes it a viable currency on its own as an alternative to bitcoin.

Lol.  Please expand.  A currency requires people exchange with it.  Why exactly do I want to use this currency?  Is there somewhere for me to spend it other than a gambling site / exchange that probably won't have any players or use it on freerolls that have worthless prizes?  Without clearly answering they you plan to provide liquidity or find players for the gambling sites then this statement is a crock of shit.

4.)  -- the coin and the platform each can survive on its own, but together they are both stronger.

Unless they are both worthless.  I hate to break it to you but 0 + 0 = 0.  And again you've made a ridiculous claim without any sort of reasonable explanation to back up why it will be stronger. 
hero member
Activity: 644
Merit: 500
Hold up!

I just read some of the literature.  Only in legal to play markets?  Will I have to give you ID to play and withdraw my coins? 
member
Activity: 69
Merit: 10
dev, what time the official launch, set the countdown, how to get BRO
hero member
Activity: 644
Merit: 500
Speaking of DPOS, I was thinking that BitUSD would be the perfect crypto to use for a poker site, if you weren't making your own.

is BitUSD live? active? viable? have not looked into bitshares since the old whitepapers.

Seriously? LOLOLOLOL  Cheesy

Check out #4 on the coin market cap

https://coinmarketcap.com/

bitshares != bitusd

Do you think Bitshares would be that high on the list if BitUSD wasn't active and working?

I dont know enough about it. i thought that with bitsharesX you can have a proxy to anything like BitGold and BitBTC as well as BitUSD. im still not clear as to how BitUSD maintains its value of $1.  

like I said, its been a while since I looked into it, was on initial conf calls back in the the invictus-innovations days before the divorce.  

Ok, we don't have to get into it here then. BitBTC and BitUSD are live.  I don't think BitGOld is live yet.  If you looked into it back then and didn't invest then I'm sorry to say you missed out on some major ROI.
sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
Speaking of DPOS, I was thinking that BitUSD would be the perfect crypto to use for a poker site, if you weren't making your own.

is BitUSD live? active? viable? have not looked into bitshares since the old whitepapers.

Seriously? LOLOLOLOL  Cheesy

Check out #4 on the coin market cap

https://coinmarketcap.com/

bitshares != bitusd

Do you think Bitshares would be that high on the list if BitUSD wasn't active and working?

I dont know enough about it. i thought that with bitsharesX you can have a proxy to anything like BitGold and BitBTC as well as BitUSD. im still not clear as to how BitUSD maintains its value of $1.  

like I said, its been a while since I looked into it, was on initial conf calls back in the the invictus-innovations days before the divorce.  

Edit: and FYI, coinmarketcap is a little misleading, in that 4 of the top 7 are 100% premined, and the available-supply just drawfs the volume. There needs to be a new measure to rank these pre-mined coins. The price is meaningless when the relative volume is so low. the concept of liquidity is missing from that site.  
hero member
Activity: 644
Merit: 500
Speaking of DPOS, I was thinking that BitUSD would be the perfect crypto to use for a poker site, if you weren't making your own.

is BitUSD live? active? viable? have not looked into bitshares since the old whitepapers.

Seriously? LOLOLOLOL  Cheesy

Check out #4 on the coin market cap

https://coinmarketcap.com/

bitshares != bitusd

Do you think Bitshares would be that high on the list if BitUSD wasn't active and working?
sr. member
Activity: 410
Merit: 250
Proof-of-Skill - protoblock.com
Speaking of DPOS, I was thinking that BitUSD would be the perfect crypto to use for a poker site, if you weren't making your own.

is BitUSD live? active? viable? have not looked into bitshares since the old whitepapers.

Seriously? LOLOLOLOL  Cheesy

Check out #4 on the coin market cap

https://coinmarketcap.com/

bitshares != bitusd
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