thanks. i do remember turning something into a token or something.
ill have to do some reading when i get the chance.
Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means (Read 21226 times)
November 27, 2018, 03:54:57 PM
November 27, 2018, 11:40:35 AM
There's discussion in the Mycelium Telegram group. https://t.me/MyceliumWallet Really it's the only point of reference when people ask for Updates. I haven't been keeping up & my thread served its purpose I hope.
In terms of the MT token that came out of the sale I made this thread about, I think it's stuck in limbo right now. Practically speaking, I it's useless anyway. But it's also in a limbo state right now because the service that was being used to access it shut down. The devs say they're working on a solution to bring it in the wallet but I have no idea how that went.
Rassah is in that Telegram group too. While it's the official group for Mycelium, discussion in it isn't always pro-Mycelium. And Rassah no longer works there. It is my opinion that he appears to be regretful for how things turned and no longer shows his support for the project.
In terms of the MT token that came out of the sale I made this thread about, I think it's stuck in limbo right now. Practically speaking, I it's useless anyway. But it's also in a limbo state right now because the service that was being used to access it shut down. The devs say they're working on a solution to bring it in the wallet but I have no idea how that went.
Rassah is in that Telegram group too. While it's the official group for Mycelium, discussion in it isn't always pro-Mycelium. And Rassah no longer works there. It is my opinion that he appears to be regretful for how things turned and no longer shows his support for the project.
November 27, 2018, 10:49:24 AM
i remember sending a small amount back in the day, then jumping through a few hoops to do something other to register it or something. cant even remember what i did now lol.
im sure i can figure it out but at the moment why bother.
btw i still use mycelium as my phone wallet. at least it works and ive never had a problem with it.
but im sure interested in the full story if anyone has some links to share.
im sure i can figure it out but at the moment why bother.
btw i still use mycelium as my phone wallet. at least it works and ive never had a problem with it.
but im sure interested in the full story if anyone has some links to share.
November 27, 2018, 09:41:49 AM
Do we have any update in mycelium funds matter?
May 15, 2018, 03:21:02 PM
Oh dont you worry Mycelium will be a sell out everytime it has a crowdsale.At least mycelium has a product whats waves got?
Not to defend Waves but at least it delivered on SOME promises and has a functional platform. Mycelium raised more than 5000 BTC and mismanaged funds.
Over those years:
No promises covered
No profit from wallet (no business model either)
No major developments
Burned through most of the funds (allegedly)
Miscalculation of how long anything would take to develop (can't even allocate the team to implement segwit)
Mycelium supposedly employees a development team and yet feature releases are so slow... Is there any oversight? Are those devs incompetent? Who knows... Not even their 'management' knew back in the day.
Also allegedly, the CEO decided to sell the raised BTC at a dip somehwere around 600$ per BTC. I don't know if it's true or just a story they try to sell to make courts have more leniency on them, but let's suppose that it's true.
If they were burning through their BTC reserves slowly at least they would have had more than 10x the funds to sustain development by now.
May 15, 2018, 12:16:04 PM
Oh dont you worry Mycelium will be a sell out everytime it has a crowdsale.At least mycelium has a product whats waves got?
May 14, 2018, 02:42:44 PM
Its quite unfortunate that it got to this, The sad thing is that there are victims in this ear of information where people criticize and share their views bout emerging issues, most people who have been victimized either missed the warning or just chose to ignore the heed.sorry for the cictims, you will be more cautious next time
May 14, 2018, 12:21:58 PM
Telegram allows for the deletion of messages. Here's an archive of Mycelium's Telegram group (@MyceliumWallet).
https://archive.org/details/telegram-messages-dump-mycelium
https://paste.ee/p/JD0Mv - warning, big load.
For future reference. Be it lulz, courts, a combination of the two or anything else.
https://archive.org/details/telegram-messages-dump-mycelium
https://paste.ee/p/JD0Mv - warning, big load.
For future reference. Be it lulz, courts, a combination of the two or anything else.
May 13, 2018, 08:26:25 AM
Has the dev run away?
May 12, 2018, 12:17:44 PM
I'm sorry for going little offtopic, but is it safe to continue using their mobile wallet?
It's safe, but no longer recommended since they focus on altcoin development instead of Bitcoin.
I'm using a Segwit capable wallet Samourai.
May 12, 2018, 11:57:50 AM
I'm sorry for going little offtopic, but is it safe to continue using their mobile wallet?
I use it all the time as do many thousands of others without any problems. I've never heard of anyone being the victim of anything the developers might have done. If we did we'd know about it instantly.
This crowd sale thing was the result of crappy management who may not be involved any more at all for all we know.
May 12, 2018, 09:45:55 AM
I'm sorry for going little offtopic, but is it safe to continue using their mobile wallet?
May 12, 2018, 09:20:22 AM
Where is the lawsuit ?
as this is clearly states that this is a security:
as this is clearly states that this is a security:
Quote
You get the share of Mycelium and the right to receive money whenever Mycelium gets more expensive. Let's suppose that this time, with this crowdsale, it will be valued at 100 million USD. Imagine that when we sell another portion one year later it will be valued at 1 billion USD. So you will get 900 million USD multiplied by your portion (if you are the owner of 5% you will get 5% of 900 million = 45 million). Your initial investment stays with you: you keep owning this right and it is non-dilutable. The next 20% we sell will be dilutable.
Here's one mention to a lawsuit I found on Telegram.
There might be other ones too. The operation of Mycelium is currently headlined from Russia with its CEO also being there. From what I understand though, the perpetration of their scam involved trips to California during the crowdsale.
Cool.
Sent Mark a pm.
Thanks
May 12, 2018, 06:39:57 AM
OMG! please come true!
May 12, 2018, 05:50:50 AM
Where is the lawsuit ?
as this is clearly states that this is a security:
as this is clearly states that this is a security:
Quote
You get the share of Mycelium and the right to receive money whenever Mycelium gets more expensive. Let's suppose that this time, with this crowdsale, it will be valued at 100 million USD. Imagine that when we sell another portion one year later it will be valued at 1 billion USD. So you will get 900 million USD multiplied by your portion (if you are the owner of 5% you will get 5% of 900 million = 45 million). Your initial investment stays with you: you keep owning this right and it is non-dilutable. The next 20% we sell will be dilutable.
i can't bring myself to sympathise with anyone who thought this was a promising proposal. that reads like something put together by a school kid. this was always a dead end milking the good will they generated.
whoever ran it should be pursued to the ends of the earth but the people who gave them money need to slap themselves too.
props to the OP. he nailed it completely.
May 12, 2018, 05:44:05 AM
Where is the lawsuit ?
as this is clearly states that this is a security:
as this is clearly states that this is a security:
Quote
You get the share of Mycelium and the right to receive money whenever Mycelium gets more expensive. Let's suppose that this time, with this crowdsale, it will be valued at 100 million USD. Imagine that when we sell another portion one year later it will be valued at 1 billion USD. So you will get 900 million USD multiplied by your portion (if you are the owner of 5% you will get 5% of 900 million = 45 million). Your initial investment stays with you: you keep owning this right and it is non-dilutable. The next 20% we sell will be dilutable.
Here's one mention to a lawsuit I found on Telegram.
There might be other ones too. The operation of Mycelium is currently headlined from Russia with its CEO also being there. From what I understand though, the perpetration of their scam involved trips to California during the crowdsale.
May 12, 2018, 12:37:37 AM
Where is the lawsuit ?
as this is clearly states that this is a security:
as this is clearly states that this is a security:
Quote
You get the share of Mycelium and the right to receive money whenever Mycelium gets more expensive. Let's suppose that this time, with this crowdsale, it will be valued at 100 million USD. Imagine that when we sell another portion one year later it will be valued at 1 billion USD. So you will get 900 million USD multiplied by your portion (if you are the owner of 5% you will get 5% of 900 million = 45 million). Your initial investment stays with you: you keep owning this right and it is non-dilutable. The next 20% we sell will be dilutable.
May 11, 2018, 07:18:46 PM
From Mycelium's telegram:
I don't know what lawsuit is being discussed but it sounds to me like Rassah might be forgetting some things here and there. Not only did he take part in the crowdsale, he tried to convince investors that everything was fine by claiming that the frauds of Mycelium were legitimate practices.
Let's not let this guy forget. Look at his replies in this thread and you'll get what I mean.
I don't know what lawsuit is being discussed but it sounds to me like Rassah might be forgetting some things here and there. Not only did he take part in the crowdsale, he tried to convince investors that everything was fine by claiming that the frauds of Mycelium were legitimate practices.
Let's not let this guy forget. Look at his replies in this thread and you'll get what I mean.
May 11, 2018, 07:01:51 PM
Colu's service will be shutting down on the 1st of June 2018. The whole concept of colored coins seems to be dying now. End of an era for Mycelium? The project was dead anyway but not their worthless token will also banish... 
Also, remember the person that had stepped down, Rassah? He was spamming this thread to defend Mycelium's scam back in the day.
This is him now:
This is what a 5,131.445 BTC crowdfund looks like.
Also, remember the person that had stepped down, Rassah? He was spamming this thread to defend Mycelium's scam back in the day.
This is him now:
This is what a 5,131.445 BTC crowdfund looks like.
July 27, 2017, 12:24:05 AM
https://twitter.com/Rassah/status/890069656391823362
"I'm stepping away from @MyceliumCom. Seems like a good time to part ways. More info to come later."
"I'm stepping away from @MyceliumCom. Seems like a good time to part ways. More info to come later."
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