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Showing 18 of 18 results by Arbex
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Board Service Announcements (Altcoins)
Re: [ANN] Zcash Cloud Mining by Zeropond
by
Arbex
on 15/09/2016, 22:07:51 UTC
I'm glad to vouch for Tim! This is indeed the real Tim Olson - the one I've known and worked with for several years. With his skills, he builds and delivers real, innovative solutions... and would have nothing to do with scams.
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
by
Arbex
on 21/10/2014, 23:23:47 UTC


How about a nice glass of shut the hell up. Grin Wink

If its not too thin and bitter and has good head on it.  Sure!!   Grin
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* STARTING!! Breakout Coin |Virtual Mining Rig|CELEBRITIES|Gaming
by
Arbex
on 21/10/2014, 23:11:06 UTC
man, I'm so on the fence about buying this coin ugh.  I dont wanna be bagholding more crap but it "seems" this coin would do well with a bit of time and given the investment/hype???

Can someone please give a quick point form breakdown of why to buy or NOT buy this thing??

My
nr1 reason not to buy atm is that its not clear what % of a return i can expect from my bergstake.
nr2 reason not to buy  u wont know @ what price your buying.

reason for not buying now , 10% is nice but i think i can do better then 10% with my btc in a month and then i could invest more @ the end of the ipo.

nr1 reason for buying , everything looks great they clearly seem to have really big plans for this.
nr2 reason for buying , the pokerpro's will atract people.





Some more considerations.

While the expected return on bergstake is hard to estimate, one thing we know for sure is that the Coin Sale is the only time anyone can buy BRO AND get bergstake. So, if you wait until after the sale, any BRO you ever buy from then on will have no bergstake.  You forgo the genesis-block-verified ownership of that "virtual mining rig" that would would be yours in perpetuity. Hmmm.

Regarding whether you might be able to pay a lower price for that BRO without bergstake, think about this.

BRO is unique with its built-in demand and expected liquidity. Unlike any other Cryptocoin OR Fiat Currency, a major igaming platform in the growing global $30 billion online gaming business will use one denomination exclusively - BRO. We've done everything we can, and are committed to doing more, to support the coin's growth and demand.  Is this coin positioned to go up or down from this ground floor?

And if you think you might be able to save a little by buying BRO at a lower price right after the sale, reflect on these facts.

Since no price has been artificially specified during the sale, the price at which BRO enters the world is about as realistically determined as possible for a market of cryptocoin enthusiastsBut the number who know about this sale, AND are savvy enough to evaluate and act on this, AND have discretionary funds is truly small.  Absolutely tiny relative to people who would buy BRO if they came across it and could use it or keep it in exchange for fiat!  And the dominant portion of funds raised and BRO distributed will go to marketing and promoting BRO to make the demand grow. So what direction do you think the demand and buying pressure on BRO will be as soon as BRO hits the streets?  On that quick buy BRO low timing play, "Are you feeling lucky?"    Wink

I hope you, and all of us, participate and have success.
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|STARTING!!!
by
Arbex
on 21/10/2014, 21:36:57 UTC
How much is for BRO at ICO, again? sorry if this question has been asked already.
The price of BRO is not known at this time.  With no prior transaction history, stating any price would be like picking a number out of thin air.  Price is important and should be determined by the real supply and demand.

Wrong, the minimum price for BRO is known right now. Anyone buying the ICO right now will pay more than 603 sats.

Here's why there's no "price right now" -- minimum or otherwise. The BRO Coin Sale explains the simple buying procedure --   The BTC are collected, and then the 5.5 million BRO are distributed after the sale. It is done without setting a price before or during the sale.  The price will become known at that time, as will the number of BRO acquired.

What's being recorded in the genesis blockchain when you send in your BTC is the Time and the BTC Amount. So even if some hypothetical "price right now" was meaningful, relevant and calculable, it is not being recorded. The price is determined at the end, with the advantages for everyone that are discussed elsewere in this thread.

The number of BRO a buyer gets is indeed effected by the Early Bird Incentive bonus. This amount depends on the Time the BTC was received, and How Many Total BTC were received by that time. The second of those facts will be available only after the Coin Sale. Clearly, no "price right not" would be relevant to that calculation.

For each participant, their effective cost per BRO will depend on which 10-percentile range they fit into. Early birds can get a pro rata bump of up to 10% over the amount received by those in the second half of funds received. But again, that doesn't involve any "price right now".  I hope that helps clarify how time relates to the cost of the BRO that people get!  http://fundraiser.breakoutgaming.com/offering/
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|STARTING!!!
by
Arbex
on 21/10/2014, 16:06:30 UTC
How much is for BRO at ICO, again? sorry if this question has been asked already.

The price of BRO is not known at this time.  With no prior transaction history, stating any price would be like picking a number out of thin air.  Price is important and should be determined by the real supply and demand.

Therefore, the price will be calculated at the end of the sale when we know how many BTC were paid for the 5.5 million BRO.  Then the price of the BTC/BRO will be calculated simply, and each holder will know the real price of BRO, and also how many BRO they bought.  One price.  It's the first price for BRO, and the only price at that point. And, until it is exchanged for something else, it can't be said to be "high" or "low"; it is what it is.  

Thus, rather than price, the important decision factor for the Coin Sale buyer is how much value, as measured in BTC, he or she wants to put into getting genesis BRO.  Each person will determine that for themselves by assessing how worthwhile it looks to be holding the first BRO -- AND the associated Bergstake which is yours for future virtual mining, for good.  

So the information about BRO, with its natural market usage on the Breakout Gaming global platform, is the key to determining how much it's worth to you, and how much BTC to send for this one-time opportunity.  Hope that helps!
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|STARTING!!!
by
Arbex
on 21/10/2014, 15:04:19 UTC
I'm worried that pools will be the one holding all the POB

anything we can do against that?

thanks

As you'll find in this thread, the broad distribution of Bergstake has been a goal to help support strength and stability BRO in the future.  This coin sale gives people direct access to 5.5 million BRO with Bergstake, compared with the 7.0 million that will be earned by miners, over 2 years.  Plus, BRO has features designed to reduce the advantage of pools over individual miners.
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|STARTING!!!
by
Arbex
on 21/10/2014, 14:26:27 UTC
Do you have an ETA for BRO hitting familiar exchanges such as Bittrex? Or will it only be on your exchange for the near future?



This is vital IMO, if anyone could answer this it would help a lot - thanks.

Markets and people act fast and on their own.  I haven't tried to estimate when other exchanges will also have it, so we'll see.
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|STARTING!!!
by
Arbex
on 21/10/2014, 13:53:38 UTC
are all these people actually involved in this coin?
http://fundraiser.breakoutgaming.com/the-team/

Or just a nice list of some interesting people?

Hi Cryptocoinnl,

They are nice, interesting, AND a big part of our project!



I'm a proud member of the team shown on that page.  You also see Jay and others on the team and more that aren't pictured.  I write less on forums than others, but love being part of the crypto community.  
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout Coin|Virtual Mining Rig|CELEBRITIES|Gaming|EXCHANGE
by
Arbex
on 20/10/2014, 00:19:14 UTC
You sell every premine coins in the ICO and keep little amount for giveaway (like 500k). After that, dyou (devs) invest Massively in the ICO so you can be rich. Anyway, when we read you, there is no possibility that the coin value drop after ICO.
this is just pure FUD, devs investing their own ICO is the biggest scam and worst thing any investor would want. all we would be doing is paying ourselfs BTC, while in the process diluting everyone elses share of ico.

think the best idea would be to add .5 million coins to ico for each 1000 coins raised. so instead of new investors diluting the total, new investors will be growing the total.



Can you please give us proof of how much btc your team invested in the project so far ? Can we have more details about these investments ? ( how much ?, where it goes ?, who invested what?). Seriously, i dont want to make free FUD, but just cant believe what you are saying because we havent details. I agree that if you have invested 100 btc in the project, you should have possibility to recover these btc. But, im not sure you have already or will invest like 1500 btc. If you want a wage, it need to be reasonable. We are talking of millions dollars here, its huge for something that not really exist so far.

Why ask "how much btc your team invested in the project so far ? Can we have more details about these investments ? ( how much ?, where it goes ?, who invested what?)..."?

If Breakout (or anyone offering a service, product or item) spent X, maybe they could have bought the same (or made it) for .5X, or ineffectively for 1.8X, using some other method. Pursuing details about that is an utter distraction.

The important questions and issues for the upcoming ICO, are about the technical attributes of the coin and the likely viability of it in the market.  Basically, will BRO be solid and useful relative to other cryptocoins and currencies? There are plenty of questions and answers addressing those points that help our evaluation of BRO.

For instance, through the ICO, one gets the coin and Bergstake enabling future virtual mining for that acquirer only.  That is unique and a potential source of value not available in any other coin.  If one is sincere about assessing the value of getting BRO in the ICO, there is much in the forum and in the Announcement on that. 

Regarding the commitment and strength of the promotion of the coin's usage, look at the first-class design and development groups in the Announcement, the top celebrities involved, and the sample webpages.  Do you really think the groups in the core team would associate themselves with fake mock-ups, for instance?

Questions, suggestions, and feedback that help us all to evaluate (and improve) BRO are valuable.  That's what I and hopefully others read this forum for.
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* Breakout | CELEBRITIES| Virtual Mining Rig | Privacy | EXCHANGE
by
Arbex
on 07/10/2014, 20:34:20 UTC
so if I buyin to the ICO on the first day, i get 10percent more than the next tier?   Tongue

The early bird incentive works like this: 
If you buyin among the first 10% of all the bitcoin received during the ICO, you get 10% more than if your buyin was received among those in the second half.  If your buyin fell into the second 10% grouping of cumulative funds received, then you would get 8% more than those in the second half.  If your buyin fell in the 3rd 10% group (decile), you'd get 6% more.  4th decile gets 4% more, 5th decile gets 2% more, and buyins, thereafter, being in the last half of funds received, get their pro-rata amount without any early bird bonus.

So, answering your specific question, the early birds get their respective bonus % relative to the non-early birds in the second half.  We won't know in advance when or where those decile cutoffs fall.  We will find out at the end of the ICO, at which point everything can be calculated.  Everyone gets a fair shot, with early birds earning a bonus.

http://fundraiser.breakoutgaming.com/offering/

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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 06/10/2014, 05:05:58 UTC
.
.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/

thnx for the info dude.  cant wait to test it out

Thx Mayhem007.  Me too!   Smiley
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Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 05/10/2014, 05:19:49 UTC
how does the crypto game work?  
its modeled after fantasy sports, but with alt-coins, instead of players..

edit: sic

Crypto games are based initially on the familiar fantasy sports format --
Picking players (coins) in positions (sets of coins) for offense (market cap going up), and defense (mkt cap going down) for time periods of 1-day, 1-week, 4-weeks, and longer.  Other variations will be introduced too.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/

Crypto games will give people a way to take a position on those coins they think are 'useful and going somewhere good', and those they think are 'not adding value nor going anywhere good'.

They're designed as a fun way to test and potentially reward our savvy about coins.  We'll find out things like --
- Do the factors I think determine coin success actually drive their market cap?
- How about big gaps: Which ones are really under appreciated -- or are ready to crash?
- By showing averages of our picks on each coin, will we get good predictions of future winners and losers?  
- What would you like to see in these games?

what altcoins will be eligible for the game? 

To be used, the altcoins will need to be big enough (measured in market cap) and liquid enough (average 24-hour volume).  This means coins will typically be selected from those in the top, say 70, biggest market cap list.  Price movements become too noisy to use when coins get too small or thinly traded.  And, the coins included at the start of any particular game may be different from those in other games.

so you are saying that there will probably be the top 70 coins from coinmarketcap that we can choose from? Roll Eyes

Yep. Though more exactly, that's the basic pool from which coins (fewer than 70) will be selected for you to choose from in each game.

so how much will the prizze pool be? how much can i win and who am i competing against?


Hi Mayhem007,

Just like other Fantasy Sports games, the prize pools will vary depending on the number of players and the buy-in amount.  You will be competing against against other players and their lineup of coins.


so how is the winner determined?

OK, here's how.  In the first-style crypto game, modeled after fantasy sports, each gamer will get points for how well each of his chosen coins (players) did among their sets of coins (positions).  If a coin he picked to go up (offense) did indeed have the biggest percent increase in market cap of that group by the end of the game, then he gets 5 points.  If a picked coin went up 2nd most then he gets 3 points, and 3rd gets 2 points.  The same point tallies are done for coins picked to go up and to go down in each of 5 sets of coins.  All these points will be summed to find each gamer's total score.  At the end of the game these scores will be tallied and the top scorers will win.   

More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/
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Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 05/10/2014, 00:46:06 UTC
how does the crypto game work?  
its modeled after fantasy sports, but with alt-coins, instead of players..

edit: sic

Crypto games are based initially on the familiar fantasy sports format --
Picking players (coins) in positions (sets of coins) for offense (market cap going up), and defense (mkt cap going down) for time periods of 1-day, 1-week, 4-weeks, and longer.  Other variations will be introduced too.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/

Crypto games will give people a way to take a position on those coins they think are 'useful and going somewhere good', and those they think are 'not adding value nor going anywhere good'.

They're designed as a fun way to test and potentially reward our savvy about coins.  We'll find out things like --
- Do the factors I think determine coin success actually drive their market cap?
- How about big gaps: Which ones are really under appreciated -- or are ready to crash?
- By showing averages of our picks on each coin, will we get good predictions of future winners and losers?  
- What would you like to see in these games?

what altcoins will be eligible for the game? 

To be used, the altcoins will need to be big enough (measured in market cap) and liquid enough (average 24-hour volume).  This means coins will typically be selected from those in the top, say 70, biggest market cap list.  Price movements become too noisy to use when coins get too small or thinly traded.  And, the coins included at the start of any particular game may be different from those in other games.

so you are saying that there will probably be the top 70 coins from coinmarketcap that we can choose from? Roll Eyes

Yep. Though more exactly, that's the basic pool from which coins (fewer than 70) will be selected for you to choose from in each game.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 04/10/2014, 21:41:24 UTC
how does the crypto game work?  
its modeled after fantasy sports, but with alt-coins, instead of players..

edit: sic

Crypto games are based initially on the familiar fantasy sports format --
Picking players (coins) in positions (sets of coins) for offense (market cap going up), and defense (mkt cap going down) for time periods of 1-day, 1-week, 4-weeks, and longer.  Other variations will be introduced too.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/

Crypto games will give people a way to take a position on those coins they think are 'useful and going somewhere good', and those they think are 'not adding value nor going anywhere good'.

They're designed as a fun way to test and potentially reward our savvy about coins.  We'll find out things like --
- Do the factors I think determine coin success actually drive their market cap?
- How about big gaps: Which ones are really under appreciated -- or are ready to crash?
- By showing averages of our picks on each coin, will we get good predictions of future winners and losers?  
- What would you like to see in these games?

what altcoins will be eligible for the game? 

To be used, the altcoins will need to be big enough (measured in market cap) and liquid enough (average 24-hour volume).  This means coins will typically be selected from those in the top, say 70, biggest market cap list.  Price movements become too noisy to use when coins get too small or thinly traded.  And, the coins included at the start of any particular game may be different from those in other games.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 04/10/2014, 16:54:29 UTC
how does the crypto game work?  
its modeled after fantasy sports, but with alt-coins, instead of players..

edit: sic

Crypto games are based initially on the familiar fantasy sports format --
Picking players (coins) in positions (sets of coins) for offense (market cap going up), and defense (mkt cap going down) for time periods of 1-day, 1-week, 4-weeks, and longer.  Other variations will be introduced too.
More info in "Innovative Game: Fantasy Crypto" in:
http://fundraiser.breakoutgaming.com/gaming-platform/

Crypto games will give people a way to take a position on those coins they think are 'useful and going somewhere good', and those they think are 'not adding value nor going anywhere good'.

They're designed as a fun way to test and potentially reward our savvy about coins.  We'll find out things like --
- Do the factors I think determine coin success actually drive their market cap?
- How about big gaps: Which ones are really under appreciated -- or are ready to crash?
- By showing averages of our picks on each coin, will we get good predictions of future winners and losers?  
- What would you like to see in these games?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BRO] *ICO* BreakoutCoin | Bergstake | Gaming Platform | Marketing
by
Arbex
on 03/10/2014, 05:40:08 UTC
Hi All, I'm excited and proud to be a part of the Breakout team! Combining crypto coins and gaming is a great opportunity -- and Breakout Gaming is committed to doing it right. My quant and currency background of measuring, evaluating and exchanging value really comes into play with this. Looking forward to learning and being part of the community here.
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Topic
Board Announcements (Altcoins)
Re: [Pre-ANN][BRO] BreakoutCoin | Bergstake | BottlessNight | Gaming Platform +
by
Arbex
on 27/09/2014, 22:59:11 UTC
Platform should accept bitUSD instead.

Yes, BitUSD, like litecoin, dogecoin and darkcoin, will likely be among the first cryptos to be exchanged for BRO.
But "instead" of BRO?  Consider these related issues.

1. BitUSD's tie to USD is good as a steady unit of account to purchase merchandise, but it hardly seems well matched for those who choose to be in the crypto and gaming community, for which BRO is designed.  For any gamers who don't want the volatility, they can cash-out of BRO when they choose.  For those who welcome the risk for potential gain, BitUSD offers... about the least variability possible.

2. BRO is inherently a global coin. USD, while being the "world's reserve currency", isn't everybody's base currency. Around 2/3 of fiat to crypto exchange involves CNY.  While BitShares is leading edge, BitUSD locks its users to the fiat banking system's flagship, the USD.

3. BitUSD implements the BitShares structure created for widely varied, distributed autonomous companies.  As such BitUSD lacks the many selected coin features of BRO, like improved Proof-of-Stake, privacy options, fixed block rewards, etc.  Reading through the list, you'll see what the BitUSD holders would be missing.
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Topic
Board Announcements (Altcoins)
Re: [Pre-ANN][BRO] BreakoutCoin | Bergstake | BottlessNight | Gaming Platform +
by
Arbex
on 27/09/2014, 05:53:14 UTC
At a "traditional" casino or poker room, when I buy some chips for $100, I know that I will always be able to get back that $100 for those chips. With crypto, it's a little different. Let's say, the price suddenly drops 20% against BTC and BTC drops 5% against USD, and suddenly I only hold 75% value with my BRO coins. Of course, it can also go the other way, but the infamous volatility of crypto currencies will always be a barrier of entry to those who are not at least a little obsessed with crypto.
A solution could be to offer tokens with attached values either in USD or BTC.

Another point about using crypto-based chips versus USD-based chips.  Yes, the value of the crypto-based chip will vary over time relative to the USD or BTC.  And that could hurt or help somewhat, depending on how long the holding period and how big the move.  For those who like the gaming and not the downside (and upside) potential, they can just buy-in and cash-out each session.  Then that exchange variability is pretty small, especially relative to the gaming. 

On the suggestion of offering alternative chips based on BRO, USD or BTC, imagine the consequences.  Chips in the same game at the same time wouldn't have -- nor be perceived to have -- the same value, and even those could change through time.  So every casino has to have the same base for all their chips.  That way entries and payouts have a common worth (unit of account).  Makes for an even playing field, and a lot simpler.