Thank you so much for your support!

Hi Guys, Just want to give some transparency on the state of the coin/wallet development.

My name is Jay Berg, im a developer with 20 years experience. Breakout Gaming originally hired me as a consultant over the summer to design the coin and help with fantasy sports. As I got more invoked in the project, I also ended up coding and managing the coin sale javascript webapp.

Breakout Gaming was originally hoping to raise 7 to 15 thousand BTCs in ICO, with a minimum of 1000 to move forward. https://bt.irlbtc.com/view/808648.msg9250315#msg9250315

This obviously did not materialize, and the target was changed to 700 btcs. It quickly became evident that the large investors were looking to see full working demos of the gaming products before purchasing large amounts of coins. This is when the announcement was made regarding a second ICO.

As I understand it, the funds from the first ICO was to be mostly used to finish the development of the gaming platform for the purpose of providing the aforementioned demos. There is supposed to be a second ICO, after the gaming platform demos are completed with positive feedback.

As of today, as far as I know, there have been no resources or bounties allocated to the coin/wallet development. Due to fact that less than 400 BTCs were raised in the ICO, almost all of the resources have gone towards gaming platform development.

Just like all of you, I am waiting and watching for the demos. I have no purview to this development effort or the current status. Hopefully all goes well with this effort and with the second ICO. With a successful second ICO, hopefully breakout gaming will provide the necessary resources to complete the coin and wallets.

Some more insight into this project:

• the breakout gaming "devs" running the project are not software developers themselves, rather they have hired and are activity managing multiple teams of competent developers for the various gaming products.
  
• this is not a scam, real good faith efforts and money have been, and continue to be, spent by breakout gaming towards this project.
  
• the breakout coin "dev" (myself), is on stand-by until the second ICO.
  
• exodus wallet and funds from the first coin sale are controlled by breakout gaming "devs" , who allocated resources to the various projects.
  

Unofficial Timeline (from Nov 24th email, info may be very stale):
Jan 4 - Demo Game Preview for CES Show
Jan 21 - Launch Demo and preview open to public
Feb 21 - March 21 - Second Coin Sale
March 21 - Launch of First Product (Fantasy Sports)
April 25 - Launch Poker and Casino Products

Cheers

yes. the consensus algorithm is new, but there have been public white papers describing its details. also at least one other project (fantasybits)  is supposed be using a similar consensus algorithm (proof-of-skill). so its possible that there will already be an implementation that can be cloned by the time the second ico finishes. if not, its a 30-90 day project for a competent developer working full time. 

yes. remember, originally pob was not going to start until 2 years after coin launch. Now that pob  starts at launch, all that needs to be fully implimented and stress tested. It's the only thing that secures the coin.

Are you actually planing to have a booth at the CES Show in Las Vegas ?

IMO, that will be a waste of resources, given the huge number of other exhibitors... I just don't want your efforts to go unnoticed.

Unless there's a dedicated area at the Vegas CES Show to Fantasy Sports or Poker where Breakout Gaming would really stick out and be noticed among other gaming companies, then exhibiting would make perfect sense.

If I knew I would have to wait 6/7 months to get some return from Investments... I wouldn't have invested!

Anyone is sadden by this update?

I guess it's better than nothing... It's a xmas miracle we finally have time table.

Let's hope they deliver and maybe I will be confident enough to double down on the second IPO

Saddened by the update? More like, delighted actually.

You guys must make some attractive video like this to promote Bro and keep the community interested in the project  :
http://vimeo.com/user32480327/videos
http://vimeo.com/110923742

I don't know who is this guy but he makes great cryptosvideos

Thanks for the update and the clarification of things. I think this project has all the tools to become quite a hit.