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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.

There will be no refunds. Token is not a security, is not listed, authorized, issued or traded on any regulated market.

Not entirely, but that's mainly because eventually all of the rest of our company will be rolled into this wallet. Most of the expense will be used to pay Wallet developer salaries, but some of our resources (like office and general brand marketing) are shared, so it would be difficult to keep completely separate. Sorry I can't give a more satisfactory answer.

For now yes. It's not my company, I am technically just a contractor. It's registered in Cyprus, with the Wallet division registered in Latvia.

But as mycelium has stated, they are aiming to become a full blown finance company. Their fees should be able to fund their dividends.

I get $45 Million USD!
Good quote, which clearly shows they are speaking to people who fall for Ponzi schemes.

But as mycelium has stated, they are aiming to become a full blown finance company. Their fees should be able to fund their dividends.

Thanks for the affirmation....This is exactly the way I see it too.  But, what's so confusing to me is that they seem to be serious!  Their crowdsale terms don't make a lick of sense from an investor's point of view, or from any angle for that matter, but is there anything at all in their offer that might justify an investment rather than a donation?  SMILE--I'm thinking about donating out of pure confusion but can I at least expect a t-shirt, coffee mug, or something for my support?  I guess what I'm asking: is it a pure scam or is it a genuine project?

Somebody shared the original crowdsale pdf with me privately. I've uploaded it to archive.org
https://ia601503.us.archive.org/23/items/Mycelium_crowdsale/crowdsale.pdf

Comparing the two documents programmatically is hard because the later update of the PDF was styled with a different pdf editor and contains proper line breaks whereas pasting the first one in an editor results to it having 1800+ lines. I'll try reading them to do an analysis when I have time.

How is this setup any different than Ethereum, Lisk, or Waves ICO's ?

Ok, I see your point.  With Ethereum or Lisk, the tokens are supposedly valuable because they must be purchased in order to run the decentralized applications or smart contracts.

With the mycelium token, there is no reason anyone must purchase the tokens?  (other than a promise of dividends)

I still have to read the whole mycelium proposal

does anyone have any transactions shown in the account after investing? Theres nothing after more than a day in mine...

It takes up to 24 hours for funds to show up based on what their page says. I don't know why they're doing that with bitcoin though, perhaps they keep logs but only go through them once a day. This is more of an old, bank-like practice if you ask me. ::)

yea but still its more than 24h already...

Well I don't know, feel free to contact them if you think it's crucial.

yes I know, but my question was for other participants and their experience...

does anyone have any transactions shown in the account after investing? Theres nothing after more than a day in mine...

coolest wallert ever. I trust these guys.

I logged in to the dashboard today and saw they added the 10% additional MT to the MT balance.

I find it troubling that so much bitcoin has been put into this crowdsale already. So far there's no clear plan on how the wallet could be profitable, or even about how the shares could be transferred/sold and we already see 1283 bitcoin in (according to stats reported by Mycelium ofc).

If mycellium is not good crowdsale and won't be profit, any advices where we can invest?  ;)

Well thats tricky. I would say wait for lisk to come out and grab some cheap :) 

If mycellium is not good crowdsale and won't be profit, any advices where we can invest?  ;)

Yep you are so right wait for Lisk. Market indicators are showing its gonna hit around 0.01 soon. Then when the DAPPS start rolling in the sky is the limit..

When it launches anything under 0.005 I am gonna be scooping up like there is no tomorrow.

Please note, currently there is no protection against unauthorized system calls made from the running dapp. Therefore, running untrusted code is not yet advisable, and could potentially lead to loss of funds. Work is underway to provide a fully sandboxed environment in which to run untrusted code.

That depends on how much money you have and what returns you're looking for. Currently I'd say that that "The Dao (https://daohub.org/)" is a relatively risk-free investment, at least for the short term. You can invest with BTC -indirectly- by acquiring ETH.

Lisk is risky as well, not just financially. Have a look:
Source (https://archive.is/RvmWY)

I have to agree. After asking questions, and reading the terms I have no choice but to pass. Unless it becomes the wallet to end all wallets I don't see getting my money back. It's a shame they decided to go this route since it's my fave for mobile, but initial valuation is to damn high...

Well I think you guys are missing the point (or I am). Isnt this token going to be tradeable? Therefore with all the hype coming up the holders will coin it in? If they sell the token? The tokens will be a balance on your mycelium wallet with all your waves on.

Personally I put some into this its not bad at all :)


This, lisk and waves and DAO. Apart from that just hold your bitcoin for the halving :)

Could be right but your looking at a year before a working prototype is marketable on this. Goal was December but they already said they were going to move it back.

Can you give me a source? I should add this to the OP if it's true.

i am NOT putting a dime on this

is Mycelium going to corner the wallet market? i would invest if the terms were more generous. 5% of just the wallet product is mean.

Part 1
Unacceptable practices:
Giving a 10% discount to people expressing interest prior to the sale.  (https://archive.is/6QVa8#selection-136.1-147.45)
You don't have to be a genius to see how bad of a practice this is for securities (note: this crowdsale isn't even a security) that are supposedly representing a stake in a company.

Promising investors part of the money received from future crowdsales (https://archive.is/i0ACV#selection-570.0-570.3)
In their own words:
Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based. This is a borderline pyramid scheme setup and illegal for securities in most of the world.

Absolutely zero legal fallback (https://archive.is/i0ACV#selection-797.8-786.6)

No ETA on project rollout
 (https://bitcointalk.org/index.php?topic=1452147.msg14677405#msg14677405)

and the creators have no clear idea how it's going to be built or even what it's going to be. You're you would literally be buying a stake in vapourware.
part 2

Why this has a high chance of being a loss:
First things first, up to this point, could you name anything that Mycelium did that was a commercial success? Their wallet software was free and not monetized, which is nice for users but not for potential investors. A supposed advantage of this crowdsale is dividends but there's no talk about how they're going to turn in profit.

They are granting themselvs the right to repurchase shares at the initial price. (https://web.archive.org/web/20160430121948/https://wallet.mycelium.com/crowdsale.pdf)
There's no clear plan on how this project is potentially going to turn in profit, but even in the unlikely event that the project becomes profitable, they could buy back the shares at the initial price and end their obligation to investors.

Can only invest in the wallet but there's no guarantee that the money will be spent on it instead of other projects (https://archive.is/PLTOU#selection-2093.0-2099.362) (that Mycelium won't pay investors dividends for)

Tokens are released in their own platform. (https://archive.is/i0ACV#selection-669.67-669.160)
So fair distribution is entirely based on trust, as well as trading. Yet they claim that Token owners can either sell them on the open market at any moment or redeem to us if conditions are met (https://archive.is/i0ACV#selection-771.0-771.106), which is misleading at best.

The one thing that puts me off is the fact that we are not buying any shares in their company

How can be sure that we could sell these tokens to anyone later on for a profit?

Their crowdsale doesn't even have to abide to regulations because it's not a security, there's no fallback if they try to defraud investors.

And I don't know how they can put a worth of $100 million to $900 million on something that is basically free for everyone to use. What am I missing here? It looks like a get rich quick scheme that can blow up in our faces.

Somebody shared the original crowdsale pdf with me privately. I've uploaded it to archive.org
https://ia601503.us.archive.org/23/items/Mycelium_crowdsale/crowdsale.pdf

If they could get the bloody thing out sooner, then maybe people would be more interested in ""investing"", but that doesn't look like it is anytime soon and chances are they will be pressed for funds.

How is this setup any different than Ethereum, Lisk, or Waves ICO's ?

Goal was December but they already said they were going to move it back.

It's a common practice for companies to sell, or give away for free, stock to employees and company insiders. We are just doing this for the initial public. Note our "insiders," those being managers and owners, will not be buying to avoid any conflicts of interest.



You buy a share of company stock at $x. That means you are literally owner of $x amount of the company, including company assets such as cash. If the company valuation grows, such as from a second round of investments or from increased revenues, your $x worth of stock grows. Then if the company offers to repurchase stock shares, you can trade your stock for the amount of cash that you literally already own. How is this set up any different?



Wrong about no legal feedback. Yes, tokens are not traded on regulated markets, but SARs typically are not. You do get a legal signed contract between you and the company which gives you the legal right to any growth in company value, which you can take to court to claim your right. This isn't just ETH token that only represents what people feel about ETH's growth, this is an actual legal contract granting you legal rights.
As for no refunds, refunds aren't given during valuation sales because otherwise those sales would never go anywhere. A few people invest, see too little has been invested, and pull back out. Next group invests, sees too little, and pulls out. Valuation never goes above zero. That's why there are no refunds in these types of sales.


You said no ETA, and then literally linked to where an ETA was given. We're sorry we can't give you an exact date, but we have experience launching big projects, and know they will always be delayed beyond whatever date is giver. So we see no point besides a generalization. Remember Butterfly Labs? Etherium? Practically everything else in this space?



It is being build on ReactNative, with Bitcore as the initial bitcoin library. The initial planning began in August, development began in late October, and the project has been in development for over 6 months. At this point the development platform is set up, UI is done, app development has started and works for sending coins, and we are currently in the process of developing the API. Regarding what it's going to be, it's on the web page, the press releases, and a dozen or so articles discussing it in depth, about what it will be, what our business plans are, and how it will make money. Or you could ask. We are not a secretive company. I'm all over the place and am pretty easy to reach.


Mycelium Entropy was a success. More than half was sold our before it was done, the rest was sold out, and then some, shortly after. Demand was so high we ran out of units. We made a pretty good profit on that. The wallet itself is a success too. Consistently ranked among the top bitcoin wallets, over 300,000 downloads, over 200,000 active users, a strong brand recognition and an extremely loyal user base.


Regarding the shares being bought back at the initial price, you, along with unfortunately many others, misunderstood what these shares you are buying are. The token itself is just a contract, used to prove that you are a legitimate owner. Think of them as just a really expensive piece of paper. What those tokens give you are Stock Appreciation Rights (SAR), which grants you a legal right to any increase in company valuation. So if you buy a token for $1, and the company grows 10 times, your token is still worth $1, which is what we will repurchase it for, but your SAR, the right attached to that token, is worth $9, which you can exchange for cash, or if we ever have an IPO, can convert directly to equivalent share of stock. And, should the wallet ever get a profit, those tokens will be converted to dividend paying assets, allowing you to receive a share of those profits. Basically, instead of the usual shares of stock that we are used to, which themselves grow with company value, SARs themselves don't grow, but have a right attached to them which, when combined with the SAR, grow together like a share of stock would.


We have only one Accounting, Legal, and HR department for the whole company. And it's very likely that other of Mycelium's projects will just be rolled into the wallet eventually anyway. I know this raises some concerns, but I can't give a better answer in this case.


Tokens will be issued as colored coins, which you can hold and trade now in Colu wallet, and will be able to hold and trade from within Mycelium wallet by the end of the month. We expect exchanges will adopt the Colu platform and allow trading them on the market soon too. So I don't know why this is misleading.



wel thank you for explaining .i invested some coin but i was a little woried becouse a lot of people think that this is a scam.
now the sky is clear i feel good.
thank you

Thanks for the response.

I won't go through responding to Rassah's points as I evidence to support parts of my post he was responding to was and still is in the OP. Whether people want to believe his claims over evidence is something I have no control over. I did my part at highlighting why putting money with Mycelium doesn't seem like a good idea from an investor's perspective but aside of that there's not much I can do to prevent money from being burned.

Thanks for the response.

I won't go through responding to Rassah's points as I evidence to support parts of my post he was responding to was and still is in the OP. Whether people want to believe his claims over evidence is something I have no control over. I did my part at highlighting why putting money with Mycelium doesn't seem like a good idea from an investor's perspective but aside of that there's not much I can do to prevent money from being burned.

Well with over 6 investments I am in to the tune of 20 Bitcoin and like all crypto investments you take your chances. I have some in Waves and stayed well clear of the new xpy Ions.With interest in banks so low you just have to take some chances but then again I am single and my mortgage paid off.

Wow! Im only 11 BTC in this lucky you!!!!!1 There is another wild card on here https://rise.vision/ico

I think more risky but higher risk = greater returns :) I only went in 0.5 BTC

Crypto is the future dont worry you will be mega riiiich :)


Happy bitcoin everyone.

I appreciate your work though as it protects people. But I am a hardcore investor and a bit of hype of the new mother god of wallets for many cryptos is gonna sent the mycelium token price up like any other hyped crypto :)

Thats why I went in this.

Well with over 6 investments I am in to the tune of 20 Bitcoin and like all crypto investments you take your chances. I have some in Waves and stayed well clear of the new xpy Ions.With interest in banks so low you just have to take some chances but then again I am single and my mortgage paid off.

I did my part at highlighting why putting money with Mycelium doesn't seem like a good idea from an investor's perspective...

Why they even need to make a crowdsale in first place?
I saw many bitcoin startup/company make crowdsale/crowdfunding, but some of them are fail :(
In fact, i don't understand how can they make huge money/profit.

Considering bitcoin itself has outperformed every other investment, and is expected to in the future, I can't really argue with that sentiment...


We spent 8 figures of our own founder's money to get Mycelium to where it is now. After Ruble and Bitcoin both crashed in value, he felt a bit broke and was tired of spending his own money. So we got some private investors.

Considering bitcoin itself has outperformed every other investment, and is expected to in the future, I can't really argue with that sentiment...

The wallet makes no money! Stop calling this an investment.

The wallet makes money, and this is investment in the new wallet that will make more. It is possible to invest in things that are just starting out, not making money, but have a huge potential to.

mycellium will end as scam

Why do you think that? I'm in charge of this wallet project, and I've spent years building a very trustworthy and ethical reputation. That's more valuable to me than any amount of money. Especially considering I'm an ancap who believes that if bitcoin wins over national currencies, without government oversight your reputation will be the most important thing. My hope is that we will have decentralized reputation systems, and everyone who has scammed and got away with it so far will be exposed, and no one would want anything to do with them. This project might fail, of course. There's no guarantee of returns or profit. But considering this is my project that I hope launches Mycelium to the top and gets me recognition, it won't be failing from a lack of me trying.

Alanis I remember that Barcode scanner. Saw it at CompUSA once.

Why do you think that? I'm in charge of this wallet project, and I've spent years building a very trustworthy and ethical reputation. That's more valuable to me than any amount of money. Especially considering I'm an ancap who believes that if bitcoin wins over national currencies, without government oversight your reputation will be the most important thing. My hope is that we will have decentralized reputation systems, and everyone who has scammed and got away with it so far will be exposed, and no one would want anything to do with them. This project might fail, of course. There's no guarantee of returns or profit. But considering this is my project that I hope launches Mycelium to the top and gets me recognition, it won't be failing from a lack of me trying.

Alanis I remember that Barcode scanner. Saw it at CompUSA once.

Reading that reply just made me even more excited about the project :) awesome. I wish I could get involved more in the project somehow than just this..

always try to reflect on how something you read makes you feel, especially in the world of investing.

thanc for reply but all u guys do is have no way to incentive so u make extra "token" that u will dump on users in the end
i like this wallet but the way u now are goign means something is not working right

Not strictly an "exit scam" tho. Mycelium explicitly states that its digital tokens give you no rights whatsoever, are basically a gift to Mycelium. How is that misleading?

But they are tradable :) bitcoin gives you no rights either apart from a figure in your wallet. Yet you can sell them for 400 usd.

I am quite happy a lot of people are missing the point here as more of the 5% will be mine.

But they are tradable :) bitcoin gives you no rights either apart from a figure in your wallet. Yet you can sell them for 400 usd.

I am quite happy a lot of people are missing the point here as more of the 5% will be mine.

I have decided to stay away from this one. I don't like the idea of buying digital tokens for something like their Mycelium wallet which is not even stocks of a real company. And I don't know how they can put a worth of $100 million to $900 million on something that is basically free for everyone to use. What am I missing here? It looks like a get rich quick scheme that can blow up in our faces.

This reminds me of the whole Oculus Rift fiasco, the project was funded throught a Kickstarter, they collected millions, and yet, Facebook came, made the 'owners' rich and the backers of the project didn't get anything.

Only DAO's can solve this problem, it would be cool to have equity in a company in a trustless decentralised way.

all u guys do is have no way to incentive so u make extra "token" that u will dump on users in the end

Not strictly an "exit scam" tho. Mycelium explicitly states that its digital tokens give you no rights whatsoever, are basically a gift to Mycelium. How is that misleading?

This isn't a "token" like some altcoin or something. This is an actual stake ownership in the company. We are selling 5% of company ownership (the Wallet division), not just random tokens that don't mean anything.


Where do you get the idea that these tokens give you no rights whatsoever? When buying, you have to sign a contract with Mycelium that has a legal binding. It gives you legal rights to any increase in company valuation, and makes the token a transferable contract that grants you ownership rights to 5% of the company (which would go down if you pull your increased valuation cash out, of course).

The whole thing may be moot by now anyway though, since we set a cap of 7,500, and some private investors may have filled it all up by now. We won't update the final amount on the site until we know we have the money.

"private investors" - when compared to what other kind of investors, in the context of an ICO?

Can I be a private investor?

As in those who didn't go through the online site, instead talking to our CEO in person and investing directly. We have had a few large investors expressing interest in wanting to invest without anyone else knowing who they are for whatever reason. Seems they went through with their stated interest after all. Maybe. Still waiting to confirm the funds.

From your website, bottom of the page:
"Token is not a security, is not listed, authorized, issued or traded on any regulated market." It's explicitly a token, not a security, because you are not registered with the SEC. "Increase in company valuation" is meaningless if I have no idea who is doing the "valuation," the methadology of this "valuation," or what, for that matter, is exactly being "valuated." From your site again: "The crowdsale offer refers to the Wallet project only," i.e. NOT Mycelium the company.

These are legally SAR contracts and give you all the same rights. It's a contract granting you ownership of a portion of the company, and any growth therein. And why would Mycelium register with the SEC when it's not a US company?
Company valuation is explicitly spelled out in the contract as trigger events, and happens any time another sale of company happens (we plan to sell 20% of dilutable shares next), or when company becomes profitable, or when someone buys out the company. The wallet division is wholly owned by a separate Mycelium entity, which is what is being sold off here. Mycelium the company owns things like Entropy, Gear, Swish, and Card, which are still too early to even know if they are profitable, and will be funded by personal and other private investment. The wallet is being sold in this manner because we believe it is the only product so far that actually has the potential to make money. You are free to invest in the whole company as well, just know that it's extremely risky right now.

To sell securities to US nationals. It's teh law :(
You're a US citizen, right? Where's your company based/registered at?

P.S. How are these "tokens" "legally SAR contracts"? In what jurisdiction? Do you know what SARs are?

Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based.

why the two jurisdictions?

To sell securities to US nationals. It's teh law :(

You're a US citizen, right? Where's your company based/registered at?

P.S. How are these "tokens" "legally SAR contracts"? In what jurisdiction? Do you know what SARs are?

^Sorry, was lazy of me. Just checked. Latvian addy is a rent-a-desk, 10 Euro per day. http://www.desksurfing.net/desks/1423-darbavieta

it seems that this discussion has become academic as private investors have apparently filled the allocation.

Dunno, there are some newbies that pop up here and there doing detective work. TurkistatnRising for example, found out (and posted) that Mycelium's physical address is actually a rent-a-desk service's address on his second post. On the one hand, we've got people claiming to have invested thousands of dollars worth of bitcoin in this and they're shamelessly shilling for Mycelium and on the other hand we get people like TurkistatnRising posting here, doing detective work on Mycelium (seemingly) with no gain on their end. It's weird, but this kind of balances shilling out.

Sure you are selling unregistered securities. If calling them "tokens" is the extent of your cunning, I'm afraid you're in for a rude awakening.

You do understand that being "just a contractor" absolves you no more than "being just a runner," correct? Otherwise everyone would rent a desk in Latvia, push unregistered securities, and claim to be working for Keyser Söze when they got popped.

Nah, you do not know what SARs are. For starters, SARs are not sold but issued to employees.

I don't need to be a lawyer to know selling unregistered securities is illegal.

Have no idea who your "legal team" is, but if they, like you, feel that "anything you sell [in NYC] is illegal," they're lunatics, not lawyers.  NYC is full of stores. Stores sell things.

"Sale of unregistered securities" includes promotion, and promotion is, loosely speaking, doing anything instrumental to such sales.

Lol no, you simply don't understand that the quality of not being sold is what's called SAR's defining quality.

Pure money grab on the heels of all these icos. Reminds me of the dot com bubble.

Would suggesting you start by proofing your press release be too forward?

Helping your fellow humans "do their homework," that's part of the free market too :)

Let us know when you start  ;D

But as mycelium has stated, they are aiming to become a full blown finance company. Their fees should be able to fund their dividends.

What I dont understand is on which platform the mycelium tokens are created? counter party, ethereum, or what.. are they even decentralized? or those tokens only exist in your server.

They're ColoredCoin tokens. Decentralized, for now on Colu wallet, but will be supported in our own Mycelium Wallet soon.

when is the new wallet gonna be out then?

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

They're ColoredCoin tokens. Decentralized, for now on Colu wallet, but will be supported in our own Mycelium Wallet soon.

Receiving your Mycelium Tokens

In order to receive Mycelium Tokens, you have to make sure that:

    You have signed Mycelium Token Sales Agreement (if you have not signed it, please sign it here.)
    Then, go to https://dashboard.colu.co and create an account (thanks to our partner - Colu.co!). Write down the password and keep it in a safe place - it is not possible to restore your password if you lose it!
    Go to Manage Assets, then select Receive Assets
    Copy the receiving address
    Paste this address in the field below - this is where your Mycelium Tokens are stored.

Colu Address

Your Colu Address has been updated successfully.

Use this Colu Address to receive Mycelium Tokens

We're aiming for Fall or by end of the year. The current wallet will be updated with ColoredCoin support too, probably in June.

So this dude only waited for the crowdsale to end and then go afk. nice

So Mycelium is organising a "crowdsale". If you've been in their website you've most definitely heard about it because they're doing their best to get the word out. I'm here to give you the hard truth though, this is quite possibly the worst place to put your money in and most certainly a guaranteed loss of principal. Don't give them money unless you consider it a donation. Here's why:

Part 1
Unacceptable practices:
Giving a 10% discount to people expressing interest prior to the sale.  (https://archive.is/6QVa8#selection-136.1-147.45)
You don't have to be a genius to see how bad of a practice this is for securities (note: this crowdsale isn't even a security) that are supposedly representing a stake in a company.

Promising investors part of the money received from future crowdsales (https://archive.is/i0ACV#selection-570.0-570.3)
In their own words:
Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based. This is a borderline pyramid scheme setup and illegal for securities in most of the world.

Absolutely zero legal fallback (https://archive.is/i0ACV#selection-797.8-786.6)

No ETA on project rollout
 (https://bitcointalk.org/index.php?topic=1452147.msg14677405#msg14677405) and the creators have no clear idea how it's going to be built or even what it's going to be. You're you would literally be buying a stake in vapourware.

Mycelium's supposed address is a rent-a-desk service's address. (http://www.desksurfing.net/desks/1423-darbavieta)
part 2
Why this has a high chance of being a loss:
First things first, up to this point, could you name anything that Mycelium did that was a commercial success? Their wallet software was free and not monetized, which is nice for users but not for potential investors. A supposed advantage of this crowdsale is dividends but there's no talk about how they're going to turn in profit.

They are granting themselvs the right to repurchase shares at the initial price. (https://web.archive.org/web/20160430121948/https://wallet.mycelium.com/crowdsale.pdf)
There's no clear plan on how this project is potentially going to turn in profit, but even in the unlikely event that the project becomes profitable, they could buy back the shares at the initial price and end their obligation to investors.

Can only invest in the wallet but there's no guarantee that the money will be spent on it instead of other projects (https://archive.is/PLTOU#selection-2093.0-2099.362) (that Mycelium won't pay investors dividends for)

Tokens are released in their own platform. (https://archive.is/i0ACV#selection-669.67-669.160)
So fair distribution is entirely based on trust, as well as trading. Yet they claim that Token owners can either sell them on the open market at any moment or redeem to us if conditions are met (https://archive.is/i0ACV#selection-771.0-771.106), which is misleading at best.

Especially risky when you look at this from a legal perspective:

---

My advice on this would be to stay away. It looks bad in every way possible, there's no guarantee that Mycelium have the supposed platform ready or even that they're working on it. Don't fall for their misleading advertising, this looks bad no matter how you look at it. Only send money if you consider it a donation.

So this dude only waited for the crowdsale to end and then go afk. nice

Wats ur take on Ethereum?

where can you see the price please?

Ethereum's price? For short-term to mid-term I'd see it around 12$, beyond that I think it's possible to see the price approaching 10$ and falling below that point by the end of the year. And if it reaches such levels I don't think that there's substantial support for 10$ either.

How do you find that relevant though? Is it because ethereum will be part of the wallet project?

We generally post updates on Reddit and our Twitter @MyceliumCom

We're talking to exchanges now.

Tokens will be issued Friday, and sent out Friday through Monday (we had a lot of buyers)

Tokens seem to be issued, is the promise of exchanges still unfulfilled now that May is over?

Yes I agree! But I have no idea about anything at the moment. No exchange I am not too worried about,. With only 6k of these little beauties in existence we will see some fierce prices :)

To redeam your tokens is extremely strange though. Its a browser based asset platform I just dont like at the moment.

I like Mycellium very much because of its wallet, and I also liked their upcoming projects too. What I'm iffy about is the way they pitch their so-called "crowdsale". It's like them saying 'Hey peeps! Give us your money. Don't worry, you'll get a gazillion in return! Rolling out projects? We'll decide it after.. you give us your money!'

Name:    Rassah
Posts:    7161
Activity:    1554
Position:    Legendary
Date Registered:    June 08, 2011, 07:12:12 PM
Last Active:    May 25, 2016, 03:25:59 AM

SFYL :(

So this dude only waited for the crowdsale to end and then go afk. nice

he's probably switched back to retired mode. that was the one thing he said during the sale that put me right off.

This is the shadiest ICO I've ever seen. They try to run away from legal responsibilities, so they put "donation" term to blame investors if something bad happens. I don't suggest anybody to invest this ICO. Other than that you can invest WAVES. They have a cooperation so you partially invest for Mycelium, too.

Tokens seem to be issued, is the promise of exchanges still unfulfilled now that May is over?

To redeam your tokens is extremely strange though. Its a browser based asset platform I just dont like at the moment.

A Cyprus/Latvian/Belize/Somalian offshore for all concerned bitcoin company, with no viable business plan, fails to deliver on promises? Or maintain contact with investors after getting their coin?

Not to worry though, they're hiring developers.
https://www.reddit.com/r/Bitcoin/comments/4m8yxj/mycelium_is_hiring_devs/

To develop on iOS and Android...  ::)

Exchanges weren't promised, I just said we're working on it and hoping to have the tokens traded on them. But don't forget, before an exchange can add something you can trade, that something has to actually exist first. We only started issuing them recently, and are still in the process. There were a lot of buyers.

You're right, this is a promise you chose not to make. Although it was implied by being a direct point in your marketing campaigns and through your official website.

...Unofficially I'm working more than I've ever worked before. Though I'm curious what exactly about me being retired would put you off.

Exchanges weren't promised, I just said we're working on it and hoping to have the tokens traded on them.

Hmmm, another one not paying attention...

You believe that no exchange would be interested in trading Mycelium tokens? Why?

It doesn't seem like any exchange rushed to do that, although you said that you tried.

WTF is your job, being furry & pissing people off?

My job is Product Manager of Mycelium wallet. I'm in charge of the project.

Too little, too late on the paying attention thing. We have a pretty good business plan, which was published and described all over the place, but you missed it because you weren't paying attention, and then made claims like we don't have one. Something about opening one's mouth to remove all doubts... But, not like you're an investor, so I won't bother explaining it again. Google is your friend. We've been delivering on promises and maintaining contact with investors too. Just not here.

Btw, sorry, am I pissing you off? How? Sorry if I did.

Never claimed exchanges would rush to do that, or that I would only try until the token sale was over and give up. Still working on it. How long does it usually take for an exchange add new crypto after it's released? Like for Etherium for example? Two? Three months?

I know you're not being impatient, and just being a dick though. Not like you have anything invested in this besides hoping to be proven right about something, anything. But, I guess thanks for digging and keeping people/companies honest?

At least post a link to the business plan if it's the cornerstone to ur argument

Calling me a dick over criticism?

If I wasn't putting out valid questions, as many community members in this thread are doing, I guess that you wouldn't be addressing my criticisms in the first place.

The reason I'm saying that no exchange seems to have rushed to include your token is because I find it remarkable. There were cryptos that were less legitimate than your token that were traded from day one. And don't worry, I'm not saying that it's you that should be blamed, I can't be sure of what's going on in the background. Perhaps no exchange has included the token so far because there's not enough documentation of the colored coin system that is being used, or it could be the complexity of this non-security.

I really like the idea of using Colored Coins. I never received one before.
The colu interface is alight. Seems like they require you to enter a company name which I just used one of my domain names. It looks like you can export your private key.

another business plan that seems to heavily rely on the word tokin

You must've missed something. Nothing in the business plan relies on tokens.

Well I invested quite a bit into Mycelium think its a better deal as some of those other ICOs.Not interested if an exchange wants to trade it or not though I bet many will.Here for the long haul till Mycelium turns into a financial institution.
You dont want to trust a company with the best wallet in the world that delivers constantly but you will trust a Russian with millions of dollars in a NXT clone.People get your priorities right.

It is not an ICO though, which doesn't make the fact that it hasn't been added into any exchanges too surprising, but that's not the only factor. It's not as simple to add colored coins into an exchange when the existing infastructure supports other kinds of tokens. The crowdsale was met with decent success though, based in the money that it attracted. The fact that no exchange Was prepared to add the token at launch kinda gues to show that there wasn't enough interest from third party exchanges, on which Mycelium implied reliance for trading (at least for now). I'm sure that this has been disappointing to certain investors as this non-security hasn't showcased any speculative value so far, which always is in the interest of people that put money in such bitcoin related "investments". But I guess that I am a dick for posting my thoughts on the matter. :P

First of all, waves and mycelium fucked over their investors by buying each other's icos and esenially just swapping btc back and forth while diluting everyone else.

Second, mycelium raised 5000 btc for 5% of the wallet. The next round is for 25% of the wallet and needs to make 25000 btc for the first round investors to break even. If you invested a lot into this wallet, i feel sorry for you.

First of all, waves and mycelium fucked over their investors by buying each other's icos and esenially just swapping btc back and forth while diluting everyone else.

Second, mycelium raised 5000 btc for 5% of the wallet. The next round is for 25% of the wallet and needs to make 25000 btc for the first round investors to break even. If you invested a lot into this wallet, i feel sorry for you.

Mycelium is the best mobile wallet ever, i fully trust in their operations.

But it doesnt make any money! Good luck getting your donation back.

I don't know why this thread is so appealing to new members. By all means you guys, keep posting whatever you want. I can't moderate the posts anyway. I'm just weirded out by the amount of new accounts replying here.

Promising investors part of the money received from future crowdsales

I think its funny. I may consider selling 5 of my MT's for 30 times the crowdsale. But no less. So any offers let me know. Can use trusted escrow. I personally feel they will hit over 100 times the crowdsale price.

x30, you say? lessee ... 5000 btc is 5% of the wallet, so x20 is 100000 BTC ... you're expecting x30 profit so * 30 makes it 3000000 BTC ... how much is that in USD, I wonder? 3000000 * 570 = $1,710,000,000.
Did I get that right? Mycelium wallet needs to be worth one billion seven hundred and ten million US dollars?
Don't let anyone tell you your goals aren't realistic, that one's like money in the bank, bro!

BTW, how's that Lisk investment of yours doing? All good?

I am no newbie as you call us, I have been on here 7 years

x30, you say? lessee ... 5000 btc is 5% of the wallet, so x20 is 100000 BTC ... you're expecting x30 profit so * 30 makes it 3000000 BTC ... how much is that in USD, I wonder? 3000000 * 570 = $1,710,000,000.
Did I get that right? Mycelium wallet needs to be worth one billion seven hundred and ten million US dollars?
Don't let anyone tell you your goals aren't realistic, that one's like money in the bank, bro!

BTW, how's that Lisk investment of yours doing? All good?

can u post a link? also never heard of coloured coins or token

It is not an ICO though,

which doesn't make the fact that it hasn't been added into any exchanges too surprising,

The fact that no exchange Was prepared to add the token at launch kinda gues to show that there wasn't enough interest from third party exchanges, on which Mycelium implied reliance for trading (at least for now).

I'm sure that this has been disappointing to certain investors

as this non-security hasn't showcased any speculative value so far,

i would never buy any coin or token if it's not going to be listed on an exchange. alts are not secondary private market assets.

First of all, waves and mycelium fucked over their investors by buying each other's icos and esenially just swapping btc back and forth while diluting everyone else.

Second, mycelium raised 5000 btc for 5% of the wallet. The next round is for 25% of the wallet and needs to make 25000 btc for the first round investors to break even. If you invested a lot into this wallet, i feel sorry for you.

But it doesnt make any money!

That should not happen ever. Its so unprofessional and shady :/
Shame on you Mycelium

Tokens who are needed for nothing in a page called colu are worthless for us without any exchange to trade them on, it is the same than if you had never distributed them, or if you stick to show only numbers on your server,  your 2 week distribution time may seem worthless, use those 5,000 btcs to add them into an exchange.!

Tokens who are needed for nothing in a page called colu are worthless for us without any exchange to trade them on, it is the same than if you had never distributed them, or if you stick to show only numbers on your server,  your 2 week distribution time may seem worthless, use those 5,000 btcs to add them into an exchange.!

once the coins can freely move I would be a buyer

So, hopefully won't take much longer.

In Two Weeks^TM. 8)

how do you know this fact?

A legendary user, unfamiliar with the phrase "In Two Weeks^TM"?
I take it you bought your account Two Weeks^TM ago?
In Two Weeks^TM = Never. SFYL

So glad that there's someone who gives an offer to do a donation, but that makes me puzzled is why you are not giving a support/gifts to donors to support your activities..??, can you provide real evidence for these activities so that I could trust this.

You sound confused.

There are people offering to buy and sell on our Telegram group. Colu is also apparently putting up a bounty to get Colored Coins added to an exchange. So, hopefully won't take much longer.

Can never understand why people buy into a company then want to sell it straight away.Go daytrade.I want B shares in it

Sorry? Usually when you buy into a company you can trade those shares straight back again whatever you want, even 2 minutes after you bought them, shares are usually called "LIQUID ASSETS" not relique pieces to be hold forever, mycelium crowdsale should be able to be traded much faster than those crypto coins because cryptos ask money for a future project and mycelium was portrayed as shares for something that already exist.

In Two Weeks^TM. 8)

Sorry? Usually when you buy into a company you can trade those shares straight back again whatever you want, even 2 minutes after you bought them, shares are usually called "LIQUID ASSETS" not relique pieces to be hold forever, mycelium crowdsale should be able to be traded much faster than those crypto coins because cryptos ask money for a future project and mycelium was portrayed as shares for something that already exist.

You do know I came up with that with regards to BFL, right? I was the one who started picking on them with that phrase, which is originally a running gag from the movie The Money Pit.

Because it's the #1 reason we still get "Why am I not getting my tokens?!" emails

Because it's the #1 reason we still get "Why am I not getting my tokens?!" emails

Because it's the #1 reason we still get "Why am I not getting my tokens?!" emails

One of the funny things about the crypto market is that every time one person buys, another sells, and both think they are astute. 
 

[...] goes to show that there was no clear plan for what was going to be done with funds [...]

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.

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.

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.

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.

[...] 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.

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.

Are you re-investing those crowdsale BTCs ( or at least a part of them) into wallet/project development?

Your website said the project is valued at around 60k BTCs including the 5k from crowdsale,  wouldn't you get more profit to develop and get that value higher than to take the crowdsale BTCs for you acting like if it was profit you took from selling 5% of your stock value?

Why do you think this worths 60k BTCs? (sources)

Is there any other source of profit for this company besides ads that could be put in the wallet?

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

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.

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...

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

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.

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.

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...

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

So Mycelium is organising a "crowdsale". If you've been in their website you've most definitely heard about it because they're doing their best to get the word out. I'm here to give you the hard truth though, this is quite possibly the worst place to put your money in and most certainly a guaranteed loss of principal. Don't give them money unless you consider it a donation. Here's why:

Part 1
Unacceptable practices:
Giving a 10% discount to people expressing interest prior to the sale.  (https://archive.is/6QVa8#selection-136.1-147.45)
You don't have to be a genius to see how bad of a practice this is for securities (note: this crowdsale isn't even a security) that are supposedly representing a stake in a company.

Promising investors part of the money received from future crowdsales (https://archive.is/i0ACV#selection-570.0-570.3)
In their own words:
Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based. This is a borderline pyramid scheme setup and illegal for securities in most of the world.

Absolutely zero legal fallback (https://archive.is/i0ACV#selection-797.8-786.6)

No ETA on project rollout
 (https://bitcointalk.org/index.php?topic=1452147.msg14677405#msg14677405) and the creators have no clear idea how it's going to be built or even what it's going to be. You're you would literally be buying a stake in vapourware.

Mycelium's supposed address is a rent-a-desk service's address. (http://www.desksurfing.net/desks/1423-darbavieta)
part 2
Why this has a high chance of being a loss:
First things first, up to this point, could you name anything that Mycelium did that was a commercial success? Their wallet software was free and not monetized, which is nice for users but not for potential investors. A supposed advantage of this crowdsale is dividends but there's no talk about how they're going to turn in profit.

They are granting themselvs the right to repurchase shares at the initial price. (https://web.archive.org/web/20160430121948/https://wallet.mycelium.com/crowdsale.pdf)
There's no clear plan on how this project is potentially going to turn in profit, but even in the unlikely event that the project becomes profitable, they could buy back the shares at the initial price and end their obligation to investors.

Can only invest in the wallet but there's no guarantee that the money will be spent on it instead of other projects (https://archive.is/PLTOU#selection-2093.0-2099.362) (that Mycelium won't pay investors dividends for)

Tokens are released in their own platform. (https://archive.is/i0ACV#selection-669.67-669.160)
So fair distribution is entirely based on trust, as well as trading. Yet they claim that Token owners can either sell them on the open market at any moment or redeem to us if conditions are met (https://archive.is/i0ACV#selection-771.0-771.106), which is misleading at best.

Especially risky when you look at this from a legal perspective:

---

My advice on this would be to stay away. It looks bad in every way possible, there's no guarantee that Mycelium have the supposed platform ready or even that they're working on it. Don't fall for their misleading advertising, this looks bad no matter how you look at it. Only send money if you consider it a donation.

Thanks for that information. My friends are planning to take part on that crowdsale someone invited them to join and invest. That person told them that it is a good opportunity to earn. But after reading your post I realized that there are no guarantee that you will earn or your money will gonna come back to you. Im gonna spread this information so no one will regret after joining mycelium crowdfunding.

How I wish I didn't read it before participation :/

I cant wait for the wallet.

We can keep our tokens on it right?

if mycelium had told investors about the wait lack of news etc they would be lucky to sell aqnything,

and Rassah I have 2.4 coins if you want to sell them for me my health dictates that now.Please PM me

Please PM me

I doubt he'll see this. By his profile page, Last Active:    July 05, 2016, 06:18:03 PM

I'm sure that he's monitoring this thread without logging into his account. Either that or people email him whenever there are negative remarks about the crowdsale. The recent hiatus hasn't given us many things to discuss so I guess that is why he doesn't log in, Rassah definitely doesn't come here to provide support.

Has the dev run away?

Has the dev run away?

Do you have any indications to believe so?

Dunno about dev, but Rassah was on reddit yesterday https://www.reddit.com/r/Bitcoin/comments/4xeer1/mycelium_wallet_update_and_road_map/.
https://s10.postimg.io/l7oek902x/dancing_cat.gif
(No, don't bother, nothing new/nothing binding. But is alive.)

As for Waves, after a long and thorough review of their company and technology

Is there any exchange to trade MT?

Is there any exchange to trade MT?

tradable on BitSquare

Probably just a maintenance, because I can access it now.
https://i.imgur.com/l5mqVmX.png

Got the same error after I tried to log in.

Got the same error after I tried to log in.

It has also happened to me some time ago. You can fix it by deleting cookies and local storage in your browser for colu.co. After that login to dashboard.colu.co with your email and password, go to "User Settings" / "Show my private key" and write it down on a paper so that you are safe.

Thanks for the file as well

What a workaround. I wonder why Mycelium would pick such a service to host their token if it were to be unmaintained and broken just some time after the launch.

Well I didnt try withdraw any assets yet. My 12 tokens are hopefully still safe! LOL

I see MyCelium PR guy gone missing here never a good sign !!

was just another scam, funny tho..

Sure, he'll log on eventually, post some smug/catty bullshit, and vanish for another couple of months. Maybe another time after that. By then, people will forget.
Every Bitcoin "investment" ever :)

This thread has been one of the few outlets critical of Mycelium's crowdsale from the start. It's gotten much more attention than the crowdsale's bitcointalk thread too (https://bitcointalk.org/index.php?topic=1452147.0). I'm not surprised that Rassah isn't commenting here anymore, what is a bit surprising though is the fact that he's given up on bitcointalk entirely. He's doing PR on /r/Bitcoin/ (https://www.reddit.com/user/Rassah) even now but won't even bother with the forum as a whole.

https://crowdsale.mycelium.com/

OK this is now officially down. Tell me we havent been scammed :(

The wallet page is still there so it's not like all evidence of the crowdsale is gone from their page but it's very suspicious that they pulled the entire crowdsale page down. I just archived the current look of the wallet.mycelium.com page (https://web.archive.org/web/20160826160042/https://wallet.mycelium.com/) for reference.

HAH! Perhaps Mycelium in Colu is no more. I wonder what will happen to people that had transacted tokens. Has a record of transactions even been kept?

Just logged onto my colu.co account no problem - all seems ok

presumably as and when I open a myceliem account on my Android smart phone, I can send my mycelieum tokens to it from my colu.co account. Will post here how I get on.

whats the Telegram Group link for Mycelium? anybody still has the link?

You should be able to get it on their ANN first page during the ICO

whats the Telegram Group link for Mycelium? anybody still has the link?

5 months passed since Mycelium Tokens reached colu.co wallets and the only place we can trade it is Bitsquare with no liquidity. Why? Why REP, why ZEC were added to Poloniex, Kraken at launch day and we can't sell our tokens at all. It seems to me, that DEV made his purpose, took our money and the rest of problems are ours. Or tell us, how much time will we wait? 5 years?

Rassah (Mycelium), [14.10.16 19:09]
FYI, from bittrex-bill
7:06 PM ah ok.  i think we looked at mycelium and decided it was too close to being a security (edited)
7:06 and that we'd wait to launch the market next month after we have location based blocking for markets

David, [14.10.16 20:18]
[In reply to Rassah (Mycelium)]
"location based blocking" as in the ability to block users from specific transaction types in jurisdictions where the regulatory compliance burden is too high for bittrex, maybe? They already operate in the US, so that will probably mean specific states, say, New York?

Rassah (Mycelium), [14.10.16 23:34]
Continued:
bittrex-bill - anyone who does a crowdfund has to pay a 3 btc listing fee.  outside of that, no fee. Our plan is to enter the beta and the end of the month.  so listing the token late november early december should be doable

Rassah on Telegram.

Is this not a fake?
Is this legit Rassah account?

BITTREX IN A FEW MONTHS. 1 MCT= 1 LAMBO My body is ready?

I hope to recover my investment so 1mct=1btc will be good...

well that will be the min price right?I can imagine it will go up dont worry. Mycelium have it sorted. diid you go in their other crowdsale mass something lol?

Good thing you guys haven't lost your sense of humor. Perhaps having a sense of humor was a key factor to "invest" in this in the first place.

I got the news for Mycelium's new crowdsale. Funny how they're asking for more money while they haven't delivered on any of their buzzword powered claims.

Sadly, I'm too busy to look into it at this period of time tbh... If anyone makes a post with a critical analysis of the new crowdsale/ICO I'll make sure to link to it form the OP.

I am gonna put 0.1 BTC into it.. You are right though they should deliver this 1st lol!!! This sucks I thought the new wallet would be launching soon.

So what's the status of this project? I totally forgot about my investment hahah It would be cool to see the wallet finished.

Why are you so naive?
I asked  about release few months ago and they answered me it will happen soon but.. there is no release till now :/
If you have spare btc I can give you kindly my btc adress :d I can promise you nothing but I keep my promise contrary to mycelium crowdsale devteam

Promising investors part of the money received from future crowdsales (https://archive.is/i0ACV#selection-570.0-570.3)
In their own words:
Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based. This is a borderline pyramid scheme setup and illegal for securities in most of the world.

Is there amywhere to get updates from this? I put 10 bitcoin in I am really scared :(

Why are you so naive?
I asked  about release few months ago and they answered me it will happen soon but.. there is no release till now :/
If you have spare btc I can give you kindly my btc adress :d I can promise you nothing but I keep my promise contrary to mycelium crowdsale devteam

Mycelim probably failed to launch or is not ready to launch yet. The possibility is high, after the tremendous increase of bitcoins starting November of 2016 until January of 2017, that mycelium is being affected by the surge of price increase in bitcoins. This is just an opinion but in any business when there are changes in market value there are times that the site failed to launch.

mycelium is definitely a scam, they can claim the project fails because you are donators, lol. Naive investors. 6000 BTC was screwed.

the status is the devs are drinking champagne, eating lobsters and not caring about the rest ;))))))))

It's kinda odd how much time it took for people to start being skeptical. At least it happened, although with come. Scam accusations are just NOW started being spouted against Mycelium, but when I made this post many people were skeptical about MY claims, even though evidence to support everything I was posting was out there. Hard to tell if early naysayers were shills or plain foolish.

https://blog.wavesplatform.com/mycelium-and-waves-platform-announce-shared-roadmap-64438ebb3f37#.78b8q037w


Check out this!! Exciting :) they are probably just busy

These are the life goals of 100% of all the population on Bitcointalk.

LOL sorry I mean this
https://card.mycelium.com/

Something is happening. Now if they are gonna put WAVES these cards I can see this  quite litterally one of the main ways crypto can go mainstream. Hold tight guys hehe

LOL sorry I mean this
https://card.mycelium.com/


Something is happening. Now if they are gonna put WAVES these cards I can see this  quite litterally one of the main ways crypto can go mainstream. Hold tight guys hehe

The two seem to have mess up last year. I have invested to Waves which I thought can go places after months because the funds they got from investors are enormous - 30K BTC. People trusted them with the help of Mycelium.  Its either I can't stand watching its value dips or I run out of patience because they said value take years to accomplish just like ETH. I think they are just not doing their best.

Anyone have notice of how works runs and launch ICO with https://gear.mycelium.com/ (https://gear.mycelium.com/)?

Wow I never saw this before I am looking into it as we doing a small ICO soon! thanks for the link :)

Glad to help, i had an answer from Mycelium support that report:
"Mycelium Gear was already successfully used in the several ICOs. Widgets and gateways have "Donation mode" setting, which allows to accept any amount while marking order as fully paid."
We are also running our ICO and are still looking to best way to run it, and maybe this can be a good solution.

Anyone have notice of how works runs and launch ICO with https://gear.mycelium.com/ (https://gear.mycelium.com/)?

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 :)

I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.

Try look for OTC thread..

I invested 1 BTC, anyone want to buy my token @ a resonable offer?  pm me.

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.

I will pay 0.5 BTC if you like.

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.

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

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  ::)

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.

Pure money grab on the heels of all these icos. Reminds me of the dot com bubble.

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.

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.

Where is the lawsuit ?

as this is clearly states that this is a security:

Where is the lawsuit ?

as this is clearly states that this is a security:

https://i.imgur.com/ZkiUvqH.png
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.

I'm sorry for going little offtopic, but is it safe to continue using their mobile wallet?

I'm sorry for going little offtopic, but is it safe to continue using their mobile wallet?

Oh dont you worry Mycelium will be a sell out everytime it has a crowdsale.At least mycelium has a product whats waves got?