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Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means - page 2. (Read 21175 times)

legendary
Activity: 1288
Merit: 1087
Lets just go to the point and say that this is something along the lines of an investment, I just can't see a wallet company ever going to be able to turn a profit in an age where there are so many of them and they're not really charging a dime to do anything right now, the only company which I can think is charging people to be using their wallet services is going to have to be BitGo. But the only reason for that is due to them being more of a corporate / company option with added security features.

Even if it is an investment, there's no money there.

i'd guess many of them are simply building something up in the hope of being bought out. then it's the buyer's problem to monetise it.

there are avenues to make money. you can buy and sell inside the wallet, do stuff like have links to trezor sales, and they also gather information about usage to sell on like pretty much every other internet company.

being able to trace where money is spent and how much could be extremely valuable in the years to come.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
Lets just go to the point and say that this is something along the lines of an investment, I just can't see a wallet company ever going to be able to turn a profit in an age where there are so many of them and they're not really charging a dime to do anything right now, the only company which I can think is charging people to be using their wallet services is going to have to be BitGo. But the only reason for that is due to them being more of a corporate / company option with added security features.

Even if it is an investment, there's no money there.
sr. member
Activity: 980
Merit: 255
Pure money grab on the heels of all these icos. Reminds me of the dot com bubble.
In a way you are right, many of these projects have no future at all, but they are going to earn a lot of money with them, so to pout your money in those projects is to risk your financial well being.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
The price of bitcoin is something that's been left unclear about this cowdsale. Provided that the luck of the funds received by Mycelium is unknown to some extent it'd be hard to make predictions. Whether or not the funds were converted, the fact that no product has yet been represented and there's been no disclosure of what work might've been put into it (if any) it'd be hard to make out a capitalization, let alone see how devs are allocating funds.

Mycelium's wallet crowdsale by all means has not been anywhere close to being an investment as my predictions were right so far form what it seems.
hero member
Activity: 1246
Merit: 708
What can solace us is that if we think they spend this bitcoin when BTC was $200 and how much they lost in compare if they hold BTC at least BTC crossed $2000 mark  Roll Eyes

No solace in that.  Even at $200, and I think it was actually around $400 to $450 at the time, it was a lot money that they took in.
They could take even  at $500,  but they could at $2500 so they lose 80percent of what they stole Cheesy Karma
newbie
Activity: 19
Merit: 0
What can solace us is that if we think they spend this bitcoin when BTC was $200 and how much they lost in compare if they hold BTC at least BTC crossed $2000 mark  Roll Eyes

No solace in that.  Even at $200, and I think it was actually around $400 to $450 at the time, it was a lot money that they took in.
hero member
Activity: 1246
Merit: 708
Former Mycelium Employee Quit After Token Sale Funds Were Used for Vacation
https://coinjournal.net/former-mycelium-employee-quit-token-sale-funds-used-vacation/

Hope it was a nice vacation considering all the btc they took in from the crowdsale.


What can solace us is that if we think they spend this bitcoin when BTC was $200 and how much they lost in compare if they hold BTC at least BTC crossed $2000 mark  Roll Eyes
legendary
Activity: 2590
Merit: 3008
Welt Am Draht
Hope it was a nice vacation considering all the btc they took in from the crowdsale.

It's hardly the Maldives. Flights within Europe cost about 50 Euros. Companies can spend countless thousands on a new toilet strategy.

Having said that it's pretty stunning that such a high profile operation has precisely nothing to show for all that money so far.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
Former Mycelium Employee Quit After Token Sale Funds Were Used for Vacation
https://coinjournal.net/former-mycelium-employee-quit-token-sale-funds-used-vacation/

Hope it was a nice vacation considering all the btc they took in from the crowdsale.

Most probably was. It doesn,'t seem like the supposed products is anywhere near release even after so long. This meeting was probably nothing more than recreational.
newbie
Activity: 19
Merit: 0
Former Mycelium Employee Quit After Token Sale Funds Were Used for Vacation
https://coinjournal.net/former-mycelium-employee-quit-token-sale-funds-used-vacation/

Hope it was a nice vacation considering all the btc they took in from the crowdsale.
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
hero member
Activity: 1246
Merit: 708
Does anyone from here contact Rasah personally?
member
Activity: 104
Merit: 10
I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.

I will pay 0.5 BTC if you like.

sounds good to me. let me know when?
legendary
Activity: 2394
Merit: 1412
Leading Crypto Sports Betting & Casino Platform
I heard from them they will be significantly delayed. this is software I am not surprised in the slightest. Probably another year till we see something. I hope after all this they dont buy us out lol. I want the equity Smiley
Would you provide a source for this? Should we perceive this as a rumor or was it said by someone in a position with Mycelium through one of their recognized channels?

Sorry it was via PM I am afraid.
Aight. It's been quite a while since Mycelium released anything through their official channels about this project and the fact that they already asked for support with something else doesn't really help the potential outlook but. The more time that passes without any notice from devs, the more impressed I'd be if any promises were actually fulfilled, perhaps that's part of the plan.
legendary
Activity: 1372
Merit: 1000
I heard from them they will be significantly delayed. this is software I am not surprised in the slightest. Probably another year till we see something. I hope after all this they dont buy us out lol. I want the equity Smiley
Would you provide a source for this? Should we perceive this as a rumor or was it said by someone in a position with Mycelium through one of their recognized channels?

Sorry it was via PM I am afraid.
legendary
Activity: 1372
Merit: 1000
I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.

I will pay 0.5 BTC if you like.
member
Activity: 104
Merit: 10
I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.
Try look for OTC thread..

link?
hero member
Activity: 1246
Merit: 708
I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.
Try look for OTC thread..
member
Activity: 104
Merit: 10
I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.
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