Post
Topic
Board Announcements (Altcoins)
Re: [BRK] Breakout Chain | Coin Sale Complete | Multicurrencies | Gaming + eSports
by
Ge
on 16/09/2016, 15:38:53 UTC
I just repost here an interesting saying of James , the developer of the Coin, on the Slack. I'm totally agree with him.

Quote
Most people in this space are trying to engage the crypto market specifically. We are trying to bootstrap several businesses based on BRK. If you look at firstblood, they have raised something like  $4M (over 4 times all of our fundraising combined) based on what would be only one of our entertainment verticals.

Moreover we are building this economy based on solid market foundations where BRK is used as a decentralized payment solution but the businesses are traditional centralized entities. Marketing hype theory says we should have made Breakout Gaming as a DAO, but there is absolutely no precedent for a successful business model with DAOS. In fact the only DAO has literally been an irreparable catastrophe.

We probably could find a marketing angle to pump the price temporarily, but instead we are going to continue our plan to use BRK as the premiere payment solution for all of our gaming verticals. The end goal is an integrated wallet with a single BRK user balance combined with the ability to charge the wallet using a variety of payment options.

It seems like all this should be straightforward, but we aren't playing monopoly here. Our operations serve hundreds of different jurisdictions and to be a legitimate and viable business we must be compliant with all regulations wherever we offer our services. These regulations not only address gaming but also any payment processing. It is a tough combination to tackle, but we are making our way through as we hopefully will be able to demonstrate in the coming weeks.