Topic: MYCELIUM CROWDSALE BITCOIN WALLET DISCUSSION THREAD - page 5. (Read 9293 times)

acting as escrow for the Waves ICO and at the same time cross promoting the ICO through his own ICO?
isn't that a conflict of interest?

What revenues do you guys have for the wallet? So far I have not seen any revenue documentation?

Private company privately funded by our millionaire CEO. No reason to publish anything. Our revenues have been a few thousand from Locks, Cashila, LocalTrader, and Trezor. So we know we can get revenues. The investment is in us taking that to the next level.

The owner of mycelium is one of the Escrow for waves.

...and yet the Waves logo appears on one side of Mycelium's black cube graphic on its crowd sale page. how did that come about i wonder?  

ya i dont see where there making money either
nothing for us community investors to sink our teeth in ;\
then again atleast their not offering to buy everyones soul in a sig campaign to scam the community like waves so thats nice....

im not impressed with mycelium ico.....did you read through it all the ICO is only 5% of company ownership which means that if they raise 5000 BTC and you invest 1 btc you will have a .0002% stake in the company

1 BTC invested / 5000 BTC raised = .0002 % stake

of course its all dependent upon amount raised but id imagine given the current popularity of ICOs they will raise a good amount.

....ill pass on this unless I am missing something here.

Figuring out how much potential income we will have is pretty difficult. I can't even begin to guess. The wallet will be entirely open source. We will have servers hosting plugins, as a sort of an app store. Users can download plugins and either pay for them directly (such as the current Ledger TEE), or pay a percent when using the service (such as current Locks and Cashila which charge a small fee per transaction). We will charge these businesses a percent of the money they charge for sales and services. Having an exchange that allows people to day trade right from within our wallet, with the exchange differentiating itself on higher volume, better service, and better designed plugins with more features, could provide massive revenues even if we charge a tiny fraction of a percent, just on volume alone. Future revenue will depend on how many services sign up with us, and how well those businesses perform, as well as other Mycelium products we will be selling through out wallet directly. While the wallet is open source, access to our market will be restricted. So, for instance, an exchange is free to make their own version of the wallet, but it won't be able to get access to all the other plugins on the marker. We will basically be like an Appstore, building on network effects.

Hope that helps.

Wherever i look these days, i see ICOs and IPOs.

I'm also out here, but Mycelium will be flooded with Bitcoin anyway. Every ICO is getting overbought right now, I guess they will rise 1000 of Bitcoins for the 5 percent. That's crazy.

we seem to be largely in agreement that this is not a fair proposition being put to the investor community by the issuer, who wants our money but is offering very little in return.

perhaps someone from Mycelium would like to respond?