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Author Topic: Mycelium's "crowdsale": basically a donation, not an investment by any means  (Read 20483 times)
alani123
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May 14, 2018, 05:21:58 PM
 #361

Telegram allows for the deletion of messages. Here's an archive of Mycelium's Telegram group (@MyceliumWallet).
https://archive.org/details/telegram-messages-dump-mycelium
https://paste.ee/p/JD0Mv - warning, big load.

For future reference. Be it lulz, courts, a combination of the two or anything else.
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May 14, 2018, 07:28:44 PM
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Satoshi Nakamoto is the founder of Bitcoin and initial creator of the Original Bitcoin client. He has said in a P2P foundation profile. that he is from Japan. Beyond that, not much else is known about him and his identity. He has been working on the Bitcoin project since 2007.
His involvement in the Bitcoin project had tapered and by late 2010 it has ended. The most recent messages reportedly indicate that Satoshi is "gone for good
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May 14, 2018, 07:42:44 PM
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Its quite unfortunate that it got to this, The sad thing is that there are victims in this ear of information where people criticize and share their views bout emerging issues, most people who have been victimized either missed the warning or just chose to ignore the heed.sorry for the cictims, you will be more cautious next time

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May 15, 2018, 05:16:04 PM
 #364

Oh dont you worry Mycelium will be a sell out everytime it has a crowdsale.At least mycelium has a product whats waves got?
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May 15, 2018, 08:21:02 PM
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Oh dont you worry Mycelium will be a sell out everytime it has a crowdsale.At least mycelium has a product whats waves got?
Not to defend Waves but at least it delivered on SOME promises and has a functional platform.

Mycelium raised more than 5000 BTC and mismanaged funds.

Over those years:
No promises covered
No profit from wallet (no business model either)
No major developments
Burned through most of the funds (allegedly)
Miscalculation of how long anything would take to develop (can't even allocate the team to implement segwit)

Mycelium supposedly employees a development team and yet feature releases are so slow... Is there any oversight? Are those devs incompetent? Who knows... Not even their 'management' knew back in the day.

Also allegedly, the CEO decided to sell the raised BTC at a dip somehwere around 600$ per BTC. I don't know if it's true or just a story they try to sell to make courts have more leniency on them, but let's suppose that it's true.

If they were burning through their BTC reserves slowly at least they would have had more than 10x the funds to sustain development by now.
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