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.
I can't think of any other coin that has this killer combination of
1. Technological breakthrough 2. Massive potential market 3. Top notch Marketing and 4. Celebrity endorsement.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.
In that case, all of you are going to be very rich very quick, why the anger?
U know that every post u make takes 10k sat of the coins value , u are the great and powerfull Bas.
I for one enjoy reading your comments most of the time when your not beeing to patronizing and douchy.
You are critical of every potential flaw and are most of the time just asking for clarification wich as far as i know isnt a crime yet.(Ask Why Asshole)*Enron qoute
Sadly you are human and let yourself get dragged in to mudslinging contests with people that have "Faith"*see religion the nr1 all time killer on this planet.
to the 200 to 100 per BTC comment i can only say i dont think the market agrees with u at the moment, If u think this is all the BTC thats arround only about 110k usd worth ? Scratch that +25%
If this was such a sure thing the money would be in allready u know it i know it.
with the Huge jump in BTC price today we should get an increase in the coins we get about 25% id say so can we get back to 5k for 1 btc now ?
pretty much same value in USD or are we penalized for investing in BTC ?
This actually makes it Alot more expensive to get in late if u count BTC value in USD wich i do.
A spot among top 5 in Coin Market Cap means $25m to $100m market cap:
http://coinmarketcap.comSince Max Supply = 19.5m BRO, that means $1 to $5 per BRO, hence the 200 to 100 BRO per BTC potential pricing.
IMO, that makes any price beyond 1000 BRO per BTC a bargain.
And that is all very nice and dandy and with a cherry on top but, in the meantime, 6 more days to go and this is not getting even remotely close to 300 BTC, even at this highly increased price of BTC to FIAT conversion, still means HALF of what the minimally need to go on with the project. Problem number one. Expecting anyone, angel or otherwise, to pay at the level of 1000 BRO to 1 BTC is not just optimistic, it's frankly delirius. But lets assume that someone buys 300,000 BRO+Bergstake for 300 BTC, thus making it possible for the project to go ahead... that scenario leaves the following situation: Breakout gaming keeps roughly 8 million BRO+Bergstake and it's dev team another 2.5 million BRO+Bergstake. How's that for a flooded marketplace with supply up the wazoo and, at least in the beginning, minimal demand. How that strikes you as a situation in which the price will reach 100-200 BRO (no bergstake) per 1 BTC? Likely? I didn't think so. Now you tell me who is going to buy those 8 million BRO+Bergstake, because I cannot fin any even remote reason for anyone willing to pay for them what would amount to a fortune, putting it together with the recent increase in price of BTC, paying for them, wholesale or retail, about 10 times what the initial investors paid.
This is just a scenario based not only on potential facts but on very LIKELY ones, alright?
Now, compare that situation, almost certain to happen, with one in which, whatever amount collected in the crowdfunding, determines the final price of the BRO/Bergstake combo and the 10 million units of it have the price that the market determines, no loose coins for Breakout Gaming, no the most idiotic angel investors ever to exist, no nonsense of any short. Whatever the money collected divided by 10 million coins+bergstake = price. And everything sold. Way different, isn't it?
Just a thought.
Lots of luck.