Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means - page 8. (Read 21226 times)

Thankyou for your responses.

so 7th july 2016 will be the day when trading starts? on Bittrex? Polo?

So whats the timescale on the new wallett is it 2016 or 2017,and your probably right get wallet out there before trading coins

No word on exchanges,  but I haven't asked for progress updates in a while.
B-Shares??? We haven't even finished the new wallet yet. We can't convert to shares at least until we actually start making huge profits.


Like with all your claims so far, they didn't go from one to the other either. Third party integrations went from the wallet's main selling point and an integral part of its marketing camaign... to being the wallet's main selling point and an integral part of its marketing camaign. The only difference is that it will now be much easier to have even more integrations, since integration will no longer depend entirely on us, and people will have more choice over what they want to include. Which has been the marketing campaign from the start.

But keep digging. Maybe you'll find something actually wrong to complain about eventually.


We have been doing R&D on colored coins, and are using them to issue tokens (practical tests), so we're not lying. We're just not doing it with a lot of blockchains, since, as I mentioned,  our primary focus is still Bitcoin. On which we're also doing plenty of R&D and practical tests.



They're approached us with a business plan and tech idea. They asked to work with us, we said ok. Since they didn't need anything from us, we were fine with it. They might still be ok, who knows, but as I said, they don't affect us. Part of our marketing was also Glidera, which has since been integrated and works, and Colu, which already works with our tokens and is being integrated right now. And with regards to third parties wanting to be integrated, we're about to finish integrating KeepKey hardware wallet support as well. This is all just since mid May. So the plan is going just fine. Exchanges is more a Colu problem, since it's their technology that we are using that needs to be implemented, and really we can only help so much. But I'm glad you found something insignificant to harp on. If this is a major point of concern for you, we can probably arange to buy and resell your tokens for you. Just let me know how much you have and wish to sell. In the mean time, we'll keep focusing on developing useful software.

What's funny to me is that those integrations went from the wallet's main selling point and an integral part of its marketing camaign to optional addons. I didn't mention Ethereum's fundamentally flawed fundamentals because their team has shown willingness to actively develop and improve it. But either Rassah is lying right here, or Mycelium's team lyied when saying that they're running both R&D and practical tests on blockchains. Clearly they didn't research anything about WAVES before making them part of their marketing. Also, this whole "have others integreade with us" doesn't sound like a plan. We're already seeing how this is going with exchanges.

So any word of exchanges or converting to B shares yet???

Note, us creating a plugin architecture is being done exactly so that others can deal with adding their own stuff (WAVES that's being questionable, Ethereum that's having problems, DASH that may become obsolete should bitcoin become anonymous enough) without us having to put any of our own resources into any of those, and so we can spend our time focusing exclusively on Bitcoin.

I'm being told CoinShuffle is nearing completion, and should be ready in July, and SegWit is close to being done as well. We are also reviewing final Keepkey code for the current wallet.

That's what they're specifically for.


I'm not sure what you mean. We didn't consider proceeds from the crowdsale as a profit. Just cash to use to develop the new wallet.


That's what the valuation sale determined.


We won't be putting ads into the wallet. At least we will try to avoid them. Yes, there are other sources of profits for this company. Basically what we are doing with the current wallet already, but on a much larger scale.


There are a little bit over 5,000 tokens, which account to for 5% of the company. There will be more tokens when we sell more of the company  stake. Total we can't sell more than 100% of the company, or course. But this isn't anecessarily altcoin, so please don't think of it that way.


WAVES approached us asking to work with us and develop support (a plugin) for our wallet. No different from other plugins, or other companies who approached us as well (most recent is DASH). We agreed, and considered using their service for some of our internal fiat stuff. But that never meant that we would spend any of the money we raised on them. Just that they said they would like to develop stuff for us, and we said would be willing to include it.

The plan for what to do with the funds has always been clear and clearly stated: To develop a new wallet that supports a plugin architecture, like a crypto finance app store built on top of a personal/business financial management suite. And even more specifically,  to use the funds to hire an Android, an iOS, and a UI developer to help get the project faster to finish.
Sorry if this wasn't clear to you specifically, but since you didn't invest and thus didn't bother to do anything beyond cursory "research" thats not surprising.

If WAVES fails to deliver on their promise, that doesn't really affect us or our plans. If they do deliver, it just gives us one more option on top of Colu, Tether, Ether, Rootstock, Omni, Counterparty...

WAVES was part of Mycelium's "crowdsale" marketing from early on. Look at the archives.

Edit: namely here's an archive of the "concepts" page with WAVES' logo from April 30
http://archive.is/emzdz

Well you can peel off the icing  I still wouldnt eat it though

How's that Mycelium cake with dog shit icing taste? Good?

waves turned out to be a scam sure. But mycelium seams legit right? You cant really compare the 2 and I invested in Mycelium before the WAVES news. That was merely the icing on the cake. But obviously that now would appear to be chocolate icing which was actually dog shit in disguise.

i wouldn't be too quick to jump the gun. it hasn't even been a month after the ICO (nearly though. lol!). if all it takes is just a few weeks to say "this project is a total goner"...lol. but whatever it is, we do what floats our boat best. oh and Tai Zen and Leon Fu are still in the WAVES game. so i ain't gonna call the shots first just yet.

Doesn't the fact that WAVES has been blatantly lying to people up to this point already put both them and Mycelium in a bad spot? It's been quite some time since WAVES' ICO took place and there's still no half decent code in their repository, most of the stuff there is either for web-design or other renamed open source projects.

we should wait till End of July 2016. because they have a roadmap till that month. if things don't shape up or show anything more than today, it will be as you say.

Sure there was...

This seems serious:
http://coincidental.eu/2016/06/29/waves-is-not-ethereum-for-the-sake-of-god-dont-buy-it/

Has there been any comment from Mycelium's team yet? Given that WAVES was part of their marketing campaign, it doesn't seem like they did much (if any) research before asking for people's money for crowdfunding. Perhaps Mycelium will distant it's business from WAVES but this still goes to show that there was no clear plan for what was going to be done with funds from the crowdfunding and it more or less served as a cash injection/donation. In this case, they used WAVES just to gather up hype around their project.

Yeah indeed it is intelligent, but depending on the situation that occurred. For example they buy when the price is low, crypto and crypto 1617 when low prices then buy crypto smart, nor vice versa. So it is in the market must be smart in crypto specify something things (buy or sell)

just to check: so there's roughly about <10000 mycelium tokens? as in total available supply?

I think they are going to have plugins to their wallet.Like a company selling bitcoin directly to your wallet and taking a cut of profits.All different plugins from different companies,well thats my understanding