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October 12, 2014, 09:56:27 AM |
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I believe a got quite a grasp of what is on offer here:
1.- a VERY DIFFERENT kind of digital currency
2.- also an asset, Bergstake (which is similar to other assets such as NXTVentures or SuperNET in that they are meant to continue producing revenues in the future, in the form of BRO)
Nothing else. Breakout Gaming is an entirely different thing whose level of success or failure will greatly influence the value of BRO and, logically, Bergstake.
If Breakout Gaming is successful and ANY LEVEL - meaning they make money-, BRO will be very valuable (the more successful Breakout Gaming is, the more valuable both BRO and Bergstake will be); if Breakout Gaming is NOT successful at all, both BRO and Bergstake will be worth ZERO.
Now, if this were a conventional business model, that would give these guys a complete clean slate of 100% approval. This being crypto world, caution is always advisable. This is difficult to explain because BRO, as I stated above, is a very different kind of crypto currency but I'll try to paint the picture of some troubling potential scenarios: In one way, this is like a new coin, fully pre-mined, in which the dev keeps 67% for himself. Or a big whale gets his hands on 67% of the project. They can, potentially dump big time and send the price almost to zero and then buy back much cheaper... rinse and repeat. Sounds familiar? I'm sure everyone is by now familiar with the Black Hand modus operandi.
Before the entire BRO team comes refuting this possibility, use your own logic and you will see that it is not only possible but even likely. It is quite easy and effective too, if the presumed liquidity is as big as it can be (and I am quite sure it eventually will). Furthermore, no one could possibly know that it is going on. Food for thought: You will NEVER know what Breakout Gaming is doing with their coins, their bergstakes, their rakes and commissions and the bergstaked coins. And to be perfectly frank, if it was me, I most definitely would manipulate the prices to sell high and buy back cheaper again and again, so I have to assume that they will too. Until regulation comes to crypto, there's nothing illegal about it, so why not? We are talking major, major, MAJOR potential profits for Breakout Gaming from that type of LEGAL manipulation and operations.
Other than that -and especially if there are additional incentives for early investors-, I only see a monstruous ICO of historical proportions and a ton of money for Breakout Gaming.
Incentives? I can foresee several, including as Class A or VipBRO, besides the one already announced. Either way, it is going to be a huge success because the idea is as simple as brilliant.
Congratulations in advance.
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