It is just a very poor, unfortunate decision by the dev team that, obviously, will not work. It has ZERO chance to work.
The dev team simply tried the impossible, which is to please everyone instead of doing the proper thing which was the initial plan of letting the market itself determine the price. This is going to be a mess in the end, I'm afraid.
What does working mean? You are assuming that Breakoutcoin is like all the other scam alternative projects that need bitcointalk to stay alive. Breakoutcoin should be less reliant on Bitcointalk then just about any other alternative crypto project. I would hope David Hanlon and the rest of the Breakoutgaming team isn't relying on Bitcointalk for the necessary funding. FFS, he was the Chief Operating Officer of the Rio Hotel Casino. How could they not have alternative funding sources outside of this sewer of a forum?
Barabbas, I would agree with you 100% if I thought this offering was the only funding source, but this project has too many well known players for me to believe that's the case.
"working" means that they won't be able to sell any significant amount of BRO from now on, private offering or not... if by "private" we assume that they will not simply keep the coins themselves.
And contrary to your opinion, I believe the investment has already been made and there's no more available capital, other than what this crowd funding effort produces.
But Jake, it is just my opinion. I have given it to you in some other projects also, so give it whatever value you deem it deserves.
One thing I could tell you right now: Unless they pay themselves selling to themselves the rest of the BRO, there's no way, none, that they are going to reach the 700 BTC that they said they need, at the minimum, to get the project started. And you have to understand that even if by some miracle that number is legitimately reached, there would still be MILLIONS of BROs and Bergstakes "floating", so to speak, left unsold.
Devs said they just needed $250K USD to complete the software. So far, $116K USD has been raised, and there's still another 7 days to go. I'd say they're not too far from their goal.
It's unfortunate that the ICO started in the worst BTC bear market, but things are now changing and BRO launch will thrive in this coming BTC bull market.
A spot among top 5 in Coin Market Cap list is a no brainer, which means BRO will starts selling from 200 to 100 BRO per BTC.