That's to prevent someone from picking up your phone, creating a backup, and swiping your seed without your knowledge. If you set up your PIN, that should prevent someone from getting into your wallet/seed in the first place.

Sorry, we had over 1000 buyers, a lot of them didn't sign the agreements, and we've had to manually issue them until we organized all the problem buyers separate from the everything is signed and ready buyers. Had a whole lot of support emails in the mean time (over a hundred a day) and not many of us available to answer. I also don't keep an eye on bitcointalk.org much. Sorry it's taken so long. You can also always bug me directly through Telegram on https://telegram.me/MyceliumWallet I usually reply there much faster than through email.

Sorry, I'm active in email, Twitter, Skype, Telegram, our crowdsale site, and Reddit, but I just generally don't give a shit about bitcointalk any more. If people have questions or issues about tokens, they just email us and we answer them directly.


I'm only "officially" retired. 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.


Don't know where you get the "donation" idea from. Nothing in our documents claims this is any sort of donation. Don't know about WAVES, but we're probably more legit than them too.


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 can also use the Colu wallet app on your phone, or wait and withdraw them to the Mycelium Wallet once we add that functionality. Using the browser wallet just seemed like the easiest way to set up and explain it.


Hmmm, another one not paying attention...


Um, yeah, that's what I said we planned to do with the money, remeber? We have Android and iOS devs already, but we need two more to help out. We're building the new wallet to work the same on both platforms. So... everything going as claimed, according to plan.

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)

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.

Let us know when you start 

Hi. We get and read through the support, but we need the backend devs to actually do something. Sometimes we are waiting for them to get back to us on an answer too. There is a password reset option already.

I don't work for that, or any of the dozen other bitcoin news companies that interviewed me. I usually catch and email them about issues (Core nose?), but I can only do so much.

One of the guys who wanted to buy a lot seems to be a bit flakey, so may not invest after all (we don't know either way). But the crowdsale ends in 12 hours, so I guess that won't matter. We just added Glidera support, and will be demonstrating Mycelium Swish at the National Restaurant Association in Chicago, and long term plan to incorporate Swish into our new wallet as well, so even more revenues should that succeed (that system is super easy to use!). All the people talking about "Randian heroes" or whatever said whatever they wanted to say, and I've answered whatever questions people had, so now it's just my job to work and try to make this happen, and their job to sit on their asses and watch.


https://bitcoinmagazine.com/articles/mycelium-bitcoin-wallet-crowdsale-closes-in-on-million-fundraise-integrates-glidera-1463584565

But you need to be a lawyer to know if what we're selling is securities, and what jurisdictions they should be registered in, and which they're already legal in. I've heard all of this already since the start of this sale. As I said, consult your lawyer. If you think this is illegal where you live, please don't break laws and don't participate.


I meant anything investment wise. There's a reason NYC is on the same list as North Korea and Iran with a lot of bitcoin companies. Worse yet, these guys can make things illegal retroactively, so fuckem.


Pretty sure whoever draws up brochures for companies that does IPOs isn't help liable should that IPO go south. But, again, I am not a lawyer. If you are not a lawyer either, then your advice is not valid either (and probably illegal in the state of NY

It is. You are getting a right to appreciation of company value, with the right to have it be converted into stock should the company go through an IPO. We're just not giving this away for free.

Stop giving away worthless legal advice, unless you are a lawyer. If you have some questions or concerns about the company or the project, feel free to ask/address them. If you are confused as to what kind of philosophy our owners and developers have, I can explain that too.

The owners decided to sell each product individually. That way products that are still just starting out and may not be viable are not included as part of the overall risk, and I suspect it also allows the developers more freedom to do whatever the hell they want to experiment with it and try to make it work, without risking anyone's money. The internal company structure is already very compartmentalized though. We in the wallet dev team don't really know anything about who works for Swish, Gear, or other products, or what they're up to.

Stock appreciation rights can be sold too. And we are offering them at a discount to our employees as well (not managers though, for conflict of interest reasons)


It's all right here https://wallet.mycelium.com/elements/documentation.html You can also request more documents by emailing us directly (things we don't publish publicly because it includes private information). We are not targeting US nationals. We are not a US company, and literally half of our users are Chinese. As I said, if this is illegal where you are, please do not break the law.



Mycelium is a company registered in Cyprus. Mycelium Wallet is a wholly owned subsidiary registered in Latvia, and owns the entire Wallet division. We are selling stake in the Wallet division, registered in Latvia. If you have some concerns about the project, you are actually buying a stake in myself and the people here https://wallet.mycelium.com/about.html By "myself" I mean that I am in charge of this project, and will be the one, along with my devs, to see it through. Neither I nor my devs are actually selling these tokens, nor do we get the money other than as salaries for the devs. You can talk to us directly about any issues though. If your concern is that there's too much trust and reputation, and not legal paperwork, please do not invest, as this is obviously not for you.


I am not a lawyer. If you do not get legal rights in US, and buying these is illegal for you to do in US, please don't buy these. But I can't comment on whether it is or is not legal. Please consult your own lawyer.

I am not a lawyer. You are not a lawyer either. I'm sure in some jurisdictions, like NYC, anything you sell is illegal. Our legal team said this is ok. I can only trust their word on this.


I am not the one selling these tokens. I am not the one receiving the money from the sale either. I'm just answering questions on what these are, how they work, and what the company expects. I'm not promising profits, I'm not saying this is legal (consult your own lawyer before you buy this) and I'm not claiming this is a good idea. I am also not participating in this sale myself. None of the managers and owners are.


Yes, we know. There's no rule against selling them either. So we're trying something new.


Regarding detective work, I'm not sure why it's needed. I'm not hiding anything. Everything about the company and the sale is public. All the addresses, along with all our names and faces are right here https://wallet.mycelium.com/about.html Regarding the mailing address, please use e-mail. We all live all around the world, and our CEO travels a lot. Also, don't forget that our customers are typically the grey market types, not the everything-by-the-book types, and we have built our reputation within that space (where reputation is everything), so that's probably why there's such a disconnect between Mycelium "shills" and the "detectives." Some trust us based on our philosophy, others think it's sketchy to not have absolutely everything covered by legal. For me, personally, I have been in this space for years (since early 2011), have practically dedicated my life to it, and don't have any plans to disappear with the money. I may quit the company in a very public way if I believe that it is doing something I believe is unethical (like spying on our users, or using money inappropriately), since I don't exactly need the money myself (technically retired over two years ago). But I hope to be in this space and this business community for as long as I can.

Seriously, though, what would you like to know?

Because we live in the world that we live in, where the answer to this is always "for legal and tax purposes." We used to be registered in Austria, but moved to Cyprus for those reasons.



We're not selling securities. And please do not break the law by buying these if it's illegal where you live.



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.



When you buy them, you have to agree to and sign a contract with the company. The token is just an easy way to prove ownership. The jurisdiction may be listed in the contract, but considering we only ask for proof of ownership of the toke, and don't have any way of knowing where you are, jurisdiction doesn't matter for us. We'll honor it just based on honoring contracts being the ethical thing to do (AnCaps, remember?). Since this is a legal contract, most jurisdictions should be able to honor them too, but you'll have to check with your lawyer. Yes, we know what SARs are.

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.

These are real Stock Appreciation Rights. They work like real shares, except while real shares grow and shrink in value themselves along with company valuation, these SARs are just fixed price contracts by themselves, but which grant you right to any company growth on top of them. Essentially you get the same thing, but with the added benefit of being able to cash out your valuation increase any time, instead of waiting for the company to repurchase stock. E.g. if company value grows, you use the SAR token to prove ownership, and request that growth to be paid out directly as cash. The value of the toke itself remains fixed, +/- whatever speculation may be added to it while it trades on the market, such as expectations of another growth spurt.


They are SARs (Stock Appreciating Rights), not direct shares. Just a different bit of legal mumbo jumbo.


This is not for an American based entity, so no.


The number issued will depend on the number sold time 20 (or divided by 5%), but the sold amount will not exceed 7,500 tokens. These are in the Mycelium Wallet division, which is wholly owned by our Mycelium corp registered in Latvia. It is separate from the rest of Mycelium.


They give you a legal right to any growth in company valuation disbursed as cash directly to you, should you ask for it. Later on, should Mycelium Wallet start making a profit, they will get converted to some type of dividend paying asset. Whether that's an IPO for actual shares, or something else, will depend on a few things, like how much revenue this actually makes.


Just to add, the no refunds is because this is a valuation sale. If everyone could refund at any time, the valuation could theoretically drop to zero at any time.

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.