Mycelium's "crowdsale": basically a donation, not an investment by any means

[manav1112]

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

Ethereum was selling ETH tokens used to pay for smart contracts on the platform.  It's true that the platform wasn't built till later, but Vitalik Buterin had a fantastic reputation for contributing to the Bitcoin community and for his technical competence.  If someone believed that Ethereum would later become a success, then the value of ETH would rise accordingly as the "fuel" of the platform.

These "Mycelium tokens" have no use outside of speculation/donation.  There is little reason to think the wallet will make a profit, but even if it does, there is no reason for the value of these tokens to rise accordingly.  If there was a direct tie between profits and dividends, then there might be a thin thread connecting the two, but I didn't see any.

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

Yes buying the tokens is more like donating rather than purchasing or investing.

[lordoliver]

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

[alani123]

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.

[lordoliver]

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...

[alani123]

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.

[lordoliver]

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...

[alani123]

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

To be honest, I did put in 0.01 BTC and it showed up the next day. Although it didn't account for the 10% "discount". I'm sorry if you're having issues, that's why I didn't put any significant amount of money in that personally, I mostly see this as a donation so far.

[serfsup]

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

I put in a small amount just after the crowd sale opened and I was only just now able to log in and see the bitcoin transaction and an MT balance on the dashboard.  So they are definitely working on it.

The 10% extra MT was not there for me either.

[lordoliver]

ok, now my balance is also showing up. Maybe because I signed the document so late.
But its also without the 10%.
In my mail stood a NaN behind my email address like this:
xxx@xxx.comNaN
was it the same with you? Maybe thats why their script didn't recognize the same email address. Script problem?

[TheCryptoMint]

Well I have to dissagree here. I put 10 BTC into this as I trust myselium thoroughly. Its the APP I use with my trezor and now they are going to incorporate the colored token system with waves is promising indeed.

I dont think its a risk that you will lose money and really believe the token value will escalate quickly on the free market like any other coin.

I am an ICO guy and this interests me a lot. Not as much as lisk or waves but it does interest me

Good luck everyone which ever way you chose

[gravitate]

coolest wallert ever. I trust these guys.

[bcmine]

coolest wallert ever. I trust these guys.

we like the wallet. i like electrum too, and with this donations, they are going to built it up for to a bigger "wallett". Somehow it will be also connected with waves, when launched.

pretty cool tech they are building. i trust them too, just waiting at the end of the funding to see how its making and if I want to put money on that.

[vapourminer]

i sent a small amount in. if its a donation, so be it. i like the wallet and the fact that my trezor works with it.

[serfsup]

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

[lordoliver]

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

confirmed. same here. Seems like they were working on it.

[alani123]

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).

[TheCryptoMint]

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).

You are right here 50% of my bitcoin is in crowdsales now lol... For me to get a return we need a lot of fresh blood into crypto lol.


Lets hope the halving brings that.

[Fademigo]

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

[TheCryptoMint]

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  

[gravitate]

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  

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.