I believe we pinked Colu because we are primarily a bitcoin company, and we have been working with Colu to try to implement fiat based tokens in our Mycelium card. As for the rest, it really doesn't matter if we issued thesenially assets in NXT, Erherium, or anything else, if our company were to dissappear. The assets depend entirely on our company, and without it even Mycelium NXT tokens would become worthless. But we don't plan on leaving, and don't consider the money we received a donation. I'm treating it with careful care.

If you want that, go day trade on regulated markets that use the same established technology they've used for a century. We're dealing with completely new protocols and systems here. The issue here isn't whether it already exists, but how long devs take to add code to their exchanges to support new types of crypto. Colored coin isn't supported on any exchanges yet, so can't simply be added like a coin traded on Omni or that simply has its own bitcoind style database ready to be plugged in alongside others. Even if real regulated stocks are added to something like Overstock's tØ, it will likely take weeks before exchanges implement the tØ protocol, simply because it takes time to code, and more time to make sure all your money isn't lost as soon as you execute a trade.

Patience, please!

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.

We have been working with Colu for a long while now, mainly with our Bitcoin Card, to allow it to use other assets besides just Bitcoin  (like fiat, access keys, etc). Maybe they just stayed quiet while working? In any case, I don't see any problems with Colu, since it works just fine, so I don't see what your issue with them is. Don't forget Bitcoin is beta too.

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.

Colu is putting up a bounty to get Colored Coins supported by exchanges. We are helping out any way we can, but there's just no ETA for it yet. Sorry.

Did you participate in the crowdsale?

You can still trade them OTC.

We changed the wallet not to scan your old addresses to speed up initial sync startup time. With some power users who had hundreds of addresses in their HD wallets, opening the wallet for the first time and waiting for it to sync up was taking a very very long time. And people shouldn't be reusing addresses anyway.

Why do you have transactions coming into old addresses? And is it possible to replace that old address with an xpub of a separate wallet? That would allow you to keep the income separate, while still getting a new address for every transaction.

If you've been around since 2011 and have never heard of colored coins, then I can't help you. You have a lot of reading and catching up to do.


It's not? How do you figure? Unless you think this is more of an actual IPO as opposed to generally questionable ICO.


Why would exchanges not want to add a token if it's not an ICO? And I assure you, the only reason exchanges haven't added it is because it's ridiculous to expect something be added right away. We're all still working on it, albeit not rushing at all.



We only "implied reliance" on exchanges because that's where people exchange various tokens (duh?) and assumed that that's where they will be traded eventually. If "at least for now," where else do you think they will be traded?
Third parties did not have the time to show interest, since they only found out about this same time as everyone else, just a few days before the sale start. And I would guess rightfully waited to see what will come out of it and wetter it would be worth to add. Seriously, you pushing this idea that "No exchanges added support for the tokens right away, thus it's a failure" is a bit ridiculous. Again, how long did it take for Etherium, which had a lot of anticipation, a lot of prior long term planning, and raised a lot more money, to to get support from exchanges? Two or three months?



The only people who complained about this so far are just you, who don't own any tokens anyway, and one other guy, who invested without knowing anything about it, just to speculate.


Why do you keep calling it non-security? And why would it have speculative value at this point? It's entirely based on the actual value of the company. Has Mycelium Wallet's value changed in the last few weeks? I don't think so...


Why wouldn't it be listed on an exchange?


What?! That never happened. As far as we know nobody from Waves bought Mycelium tokens, and we didn't buy any Waves tokens. Mycelium the company doesn't own any part of Waves. If you have any proof for your accusation, please bring it up. Otherwise that's a pretty awful blatant slander.


First of all, the valuation of Mycelium Wallet is in USD, not BTC. Stop using current BTC prices to valuate it. We don't have to raise 25000 BTC, just some USD. And the next one may be 20%, and will also be dilutable shares. This first round was undilutable. It may not be easy, but we might hit that amount  still, considering our plans.


Waves doesn't make any money, Ethereum doesn't make any money, Augur doesn't make any money, all startups don't make any money when you first invest in them. But actually Mycelium does make money, and as stated in the release has plans to make a whole lot of money.


That's how every single stock, and even bitcoin itself works. The only way you make money is if future investors put in more money. How is that's shady?

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

Yeah, that company name is weird. Most people just made something up. Glad to hear Colu is OK and leto you export the private key. I didn't use it because I couldn't participate in this crowdsale.

It was part of the announcement, and on the wallet website https://bitcointalk.org/index.php?topic=1452147.0


I never call people dick over criticism. I answered your criticisms. You continued to be a dick afterwards.


They're weren't valid questions, they were invalid claims based on you misunderstanding a bunch of fundamentals that were explained in the documents, and in various other online sources. Typically people ask what something is if they don't understand it, instead of gojng, "Aha! Look what I found hidden in this document! Scammers!" After addressing your questions and criticisms, you just kept pressing with "but you promised" and "you missed that date" Even though nothing of sort was promised. Basically you went from criticisms to trying to find any faults for fault's sake, regardless of whether there was any fault. So, a dick.


I'm still surprised you expected this to be added to an exchange so soon, or faulting anyone that it hasn't yet, or caring whether it is or not, since you don't have tokens and don't intent to buy any (see previous paragraph). I've been in this a while, and things being added right away practically never happens. Only time I remember small cryptos being added from day one was on tiny obscure exchanges, with cryptos that were basically copies of other cryptos and thus easy to set up.

We always follow up with our users to make sure everything is fixed they they report problems. The large influx of support questions was not expected though.


We didn't blow it. The tokens were issued on that Friday as promised.


Thanks. The main issue is that we really only had one dev working on the token issuance, and thus were quite understaffed. He was busy coding fixes or new features (like password reset) and didn't have time to add things like letting you know if signing was correct. Unfortunately we really rushed this. Sorry about that.

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?

It's  called "follow-up". Not a lot of people submitted support requests, but those who did we walked through steps and sent multiple emails back and forth between, until we were sure everything was fine. And the main "fuck up" was people submitting their Colu address, expecting to get paid instantly and not realizing that the address is for future distribution, then asking us why they don't see anything on their Colu account. All those emails still add up.

But keep digging. Maybe you'll find some dirt on us eventually. Though I doubt it.

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.

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

It's technically a colored coin. I don't know what kind of exchanges specifically will add it.