Aside from new merchant announcements, those interested in advertising to bitcoins audience should consider Reddit's ethereum advertising system. I am willing to buy a paid wallet subscription also, if there is any. I hope you bitcoins screw it mycelia The funds already donated will be mycelia on some sort of advertising, as intended. Mycelium Wallet already supports multiple features - like Locks, Cashila, Trezor, Ledger, and soon Glidera - and we constantly get requests from companies asking us to add their services to our ethereum. All that a plugin ethereum be mycelia to do is ask the Bitcoin module bitcoins craft and send a transaction That's exactly how that would work.
Notify me of new posts by email. Can I buy shares if I live in Sweden? I've been your biggest fan since the beginning. Please is there any wallet you can add to your bank account in Nigeria and that works perfect. Exodus Coinomi Mycelium Jaxx etc. Right after we release the API spec during Alpha stage, and someone writes a plugin supporting them.
Will this roll out to current Android Mycelium users or will it be a new app that needs mycelia be installed and then btc sent over to, or seed imported? With Bitcoin, ethereum can bitcoins your own bank. This app saved my bitcoin another wallet had lost thank god i found this app to recover my bitcoin Full Review. This came out of the dark. Of course there are use cases where bitcoins wouldn't ethereum practical but in that case the user should bitcoins requested to approve explicitely such behavior and the sandbox mycelia should still have a pop up to approve payment with a "don't show mycelia again" tick box of user really wants to ethereum entirely the plugin.
Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet. Check out his other work here. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations.
The funds already donated will be spent on some sort of advertising, as intended. As of now, If you have ideas for the remaining BTC, see here for more info. Mycelium new wallet announcement self. We at Mycelium are officially announcing our new wallet, along with all the features that, until now, we have been keeping secret. The new wallet will also be simply called Mycelium, since it will no longer be just a typical wallet.
Here are some of the features to look forward to:. We have been working on this new wallet in secret for over six months, and have decided to allow our most loyal users and supporters to share in our future growth. We are positioning ourselves to be the one wallet for all your needs, with the largest number of customer use due to widest third party support, and largest third party development due to the largest number of users. Our future revenue will come from licensing and revenue sharing from third party plugins, as well as from services we at Mycelium will develop ourselves Gear, Swish, Card, etc.
Effectively, we plan to be like a Google Play or Apple Appstore of all things related to crypto finance. To find out more, please check out https: It looks like Mycelium have the right to buy back your shares at the price you purchased it for in the event of an IPO. This effectively destroys any upside from the investment. SARs grant you rights to a percent of the company, and all increases in company value.
These increases are paid out directly. So any investment upsides are actually already paid out as cash before this even happens. It's basically like owning an unchanging in value share that grants you dividends from any growth in company value. Still, in your scenario, after the repurchase, you lose future rights to appreciation after the IPO? I agree with you. Say the company doubles in value and decides to cash us out right before the company really takes off.
Early investors really lose out on long term appreciation. You get the rights to value increase from the IPO. If we sell through IPO, you get the same option to get cash from that increase as well, or convert your SAR and cash into a share of stock for the same share amount of the company.
But any increases in shares of value will no longer be reflected, correct. This means I will take more of a tax hit, and if I don't have liquidity, will not be able to pay shares until after the IPO, which could be more expensive. You can also claim the SAR payment in bitcoin, sell your token to someone else, and while not being able to get the stock, at least be able to cash out all the valuation increase.
I've been your biggest fan since the beginning. I've probably gotten between 10 and 30 people to install your wallet during my 2 years at the Bitcoin Embassy. Looking forward to looking at the crowdsale terms, it's the only crowdsale that has interested me so far. I hope you don't screw it up!
Is there anything you can point me to in the way of a financial statement or estimate of future profitability? With the new API, businesses and developers will be able to add their own plug-ins quickly and easily, without bothering to beg us every time.
This implies an open architecture and possibly open source. So I'm still wondering about revenue. Hardware seems more promising in that area, but it's not clear how much potential that market has, either. Openness is great for users and those who build on the platform, but its seems in many ways inconsistent with profit-making. The exception being platforms designed to sell advertising. That's a proven model, but comes with many strings I believe many in Bitcoin would rather avoid.
Figuring out how much potential income we will have is pretty difficult. I can't even begin to guess. The wallet will be entirely open source. We will have servers hosting plugins, as a sort of an app store. Users can download plugins and either pay for them directly such as the current Ledger TEE , or pay a percent when using the service such as current Locks and Cashila which charge a small fee per transaction.
We will charge these businesses a percent of the money they charge for sales and services. Having an exchange that allows people to day trade right from within our wallet, with the exchange differentiating itself on higher volume, better service, and better designed plugins with more features, could provide massive revenues even if we charge a tiny fraction of a percent, just on volume alone.
Future revenue will depend on how many services sign up with us, and how well those businesses perform, as well as other Mycelium products we will be selling through out wallet directly.
While the wallet is open source, access to our market will be restricted. So, for instance, an exchange is free to make their own version of the wallet, but it won't be able to get access to all the other plugins on the marker. We will basically be like an Appstore, building on network effects. If you have no idea what the revenues will be for your product, then do some market research and estimate a potential revenue.
I worry for the people who are caught up in the hype and are putting real money into this. How about employing an actual business person, or taking on a work-experience business student to handle this part for you? You are hurting your brand with this not-a-security sale as it is exposing your lack of business acumen. What was the potential revenue for the Apple Appstore before it came out? It's kinda like that. Could be millions, could be thousands, could be we become the only, or one of only two, "wallets" or money management suites out there, like MS Windows of the cryptocurrency world.
Any number that I give will be just a guess. I am a business finance guy, with years of experience as a senior financial analyst, making revenue projections and prospectuses like the kind you're asking for.
So I'm being completely honest in telling you that any sort of prospectus for something like this will be entirely based on numbers pulled out of someone's ass, heavily influenced by their personal bias. Our CEO is an actual business person, with experience in starting multi-million dollar companies, and managing multi-billion dollar ones. Our chief product manager is a business person.
I'm the product manager in charge of the wallet, and I'm a business person, not a developer, with bachelor's and master's in business management and finance, and some experience in entrepreneurship https: The new wallet was also my idea to change to, and I will be responsible for getting it done.
So, really, we're not lacking in business education and experience here. Personally I think this is more honest then throwing out a number which in most cases is wrong. I'm sure you have your own estimates, but saying them publicly and if they are in accurate or taken out of context could be an unnecessary issue ;.
But it also sounds like a security nightmare. It won't be easy. We will try our best to vet the plugins. Don't install any plugins you don't trust. You mean your are not running plugins in a sandbox!? What appstore nowadays allow apps to run freely? Sandbox with explicit authorization dialogue is a bare minimum. This is a deal breaker for me. They will be in a sandbox, of course. Technically each plugin will run in its own protected sace, only able to communicate with other parts of the wallet using signed encrypted channels wouldn't want third parties listening in on what's going on either.
I'm just saying no one is perfect, and no software is perfectly secure. Worse yet, someone could create a malicious plugin that asks the users to pay for something, but sends that money to their own account by changing the address.
That's exactly the reason you need fine grained permissions. If I install a plugin that I authorize only to access say my BTC and to send them only to a specific set of whitelisted addresses, there is precious little the plugin could do to hurt me. Then it should be allowed specific things with user approval, like access this or that exchange using this or that account only, and access this or that crypto using only this or that address etc. It's the only way to allow applications to be entirely harmless regardless of what their code does.
This allows trustless use of arbitrary code. If there is one field where this is necessary, it's crypto. I know I will never let arbitrary code access to my exchange accounts or crypto wallets unless I can control exactly what it is allowed to do with it. Ah, yes, or clurse. That's already in the plan. Fine grained permissions are definitely in the plan, but if you already give something permission, you're already opening to getting yourself screwed. Don't even underestimate the creativity of aholes.
If you won't let plugins send crypto to addresses that have not been explicitely whitelisted, that can't happen.
That's the point of fine grained permissions. Creating and signing a Bitcoin transaction should only be done by the trusted Bitcoin code. All that a plugin should be able to do is ask the Bitcoin module to craft and send a transaction, and for this to happen the external function call should check all parameters and make sure that the address provided and amount match with what the user has explicitely approved to be whitelisted.
In the example you give, the plugin should have to have approval to create pop-ups, call back home via the Internet to get add content, and make BTC transactions to a specific address. A careful user will have reviewed that the address provided is indeed that of Starbucks.
My point is that an advanced user should be able to control every permissions so that it would become impossible for a plugin to misbehave regardless of what its code does. Currently I'm emulating that using Qemu VMs one per wallet software and fine grained iptables permissions. If Mycellium handles that natively and offers a plateform that runs on Linux I'm interested to switch and even invest in the project.
How does that happen? I don't whitelist addresses when I buy stuff through Gyft, I just send to whatever address I'm given that I believe is correct. That's exactly how that would work. But it would be cumbersome extra steps for the app to let you send money, and then for the bitcoin app to pop up with another thing asking you to confirm.
It will basically have to be a balance between usability by fairly stupid users who may not even know what bitcoin is and security trying to hold their hand.
There are different use cases. Some apps are not supposed to make payments or shouldn't make payments to a random address that wasn't whitelisted explicitly. For instance if I use a bot plugin to do arbitrage between exchange accounts, it should only be able to send funds between designated exchange accounts.
It should be possible to have that level of restriction if the user wants it. That way the user can just download any plugin and still be sure that nothing can happen that he hasn't approved explicitely. Of course there are use cases where it wouldn't be practical but in that case the user should be requested to approve explicitely such behavior and the sandbox layer should still have a pop up to approve payment with a "don't show this again" tick box of user really wants to trust entirely the plugin.
That or your allow users to chose a profile with advanced user getting to see and set all the fine grained details. I'm currently in the process of doing what you are already doing that is to say implementing connector modules for each exchanges and type of crypto for a trading framework I am developing.
I get no added value doing all that extra work so if your app has the right level of security for handling safely 5 or 6 digit figures trading flows, I'd consider using Mycellium as a connectivity backend for my application. I would even consider having a pure Mycellium plugin as one of the apps I would offer to my users.
Mycelium has been one of my favorite companies, I always wondered why they didn't try to raise at least a bit of VC money to scale their offering. The probably didn't realize how easy it was to be like "hey give us money" and we hand over a million or five just for kicks. Pretty exciting news, and I'm glad that Sasha Grey is also on board! Currently our wallet signs the transaction and sends it to our servers which broadcast it.
The new wallet will be a hybrid, supporting both SPV and server backend more if you need extra speed. Though it may just be pure SPV too. And will it ever become user-selectable to which server your wallet sends it's transactions to and gets the SPV headers from? The new wallet is completely different.
Initially we're using Bitcore. Yes, the intention is to relieve our stressed servers from handling bitcoin transactions, using SPV and user nodes, and use the servers mostly for the plugins. When will the new wallet be released? I just updated to v 2. Will the share tokens be automatically backed up by the same HD wallet seed that backs up the bitcoin private keys?
Can I buy shares if I live in Sweden? Don't you expect them to want to regulate your share token system in any way? Have you talked to them and if yes what did they say? I thing it will me the same seed. Would make sense, since it's just a different type of bitcoin account. We hope our lawyer has done the due diligence.
Obviously there are a lot of people interested and I love Mycelium myself but what happens if the valuation goes crazy? Lets say you raise 5 million which makes the total valuation of Mycelium million. Which might not be that realistic, then the 2nd round of funding and getting in there might be cheaper than the first one.
Is there any protection against that? As if Bitcoin is set to make greater increases over time and Mycelium is by and large tethered to Bitcoins success albeit not entirely , the greater investment is holding bitcoin.
Rassah; Mycellium says irrespective of Bitcoins price, if it falls the shares are still of value as they are priced in USD. As if 1 share is equal to 1 BTC, the valuation of the company come the end of the sale is entirely dependant on BTC value in USD, and throughout that period some people will be purchasing their stake in the company at varied rate in USD.
You may be right on 1 with regards to bitcoin's possibility for growth, but Mycelium will no longer be tied to bitcoin. We will support many different assets and blockchains. And we hope the money we raise will be used to make bitcoin even more usable, accessible, and thus more valuable. So even if your investment in us doesn't provide as high a return as bitcoin itself, we hope it will help make the rest of your bitcoins rise even more. Because even if btc fails others will survive and mycelium will still be the one go to app for all blockchains.
So yes it may not be as profitable as buying btc but it is like a blockchain hedge. Btc is the medium of exchange to turn usd into mycelium tokens and thats it.
Mycelium tokens will represent the value of the company in usd. Wouldn't it be possible to invest in it with BTC? The crowd sale is through BTC as the choice of currency. Mycellium states the value of the share will be denominated in USD. You are investing in the company's wallet asset, nothing else, not hardware or future alternative products.
So, your telling me I can hold my mycelium company shares on my mycelium wallet.. My mind is trying to grasp the absolute epicness of this. What platform is the Mycelium token created on, how many decimal places is it divisible to, and at what time are the tokens distributed? Colored Coins, using Colu platform, and distributed right after the end of the crowdsale, around May 19th. I love the wallet , love the company, was interested until I saw the example of 1 billion dollars valuation of a single skew in the company in 1 year Wish you the best regardless.
Don't let these kids tell you any different. One company has a large userbase and sustained and growing profits and the other doesn't. They aren't even comparable. You really need to research into the variables of how VC investors give company valuations. VC investors didn't get Snapchat. They valued it a 3 Billion and he laughed them out of the office. They aren't anywhere near comparable. Lol a dream, spoken as an example of a potential billion dollar valuation killed your fickle support.
We need more people like you in bitcoin. Snapchat is worth 20 billion, idiot. Calculate taxes, one click done. Buy or sell a house, one click done. Hold btc but need to pay with eth, one click done.
This is the kind of app I could only imagine being possible in a sci-fi movie. But its already here. Actually, the answer is a bit ore involved that that. Bitcoin will just be a plugin you install. We are currently using Bitcore, but if someone writes a plugin for bitcoin that uses any of the other libraries, you'd use that. Or libraries that use other coins. So, it's all up to you. No, we are implementing our own version of CoinShuffle.
We found too many issues with Joinmarket, unfortunately. Its a shame mycelium doesnt combine forces with current projects. I notice mycelium has a lot of new ideas but rarely take them thru to launch and mass adoption. For something like tumbling, the market seems practically empty of working solutions right now. Wouldnt it make more sense to take a solution like joinmarket and polish it up since its pretty far along?
Then later in year go into a competing solution? I hope mycelium succeeds but its frustrating to see all these little projects spawn into little groups and compete when nothing fully works in this field yet.. I'm a bot, bleep , bloop. Someone has linked to this thread from another place on reddit:. If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. Can you give an estimate on the release date?
I have a bunch of friends on iPhone who are in need of a new wallet. Initially was supposed to be August, but we got screwed by Microsoft buying RoboVM and un-open sourcing it. So now we're hoping by end of year.
I need to hire more developers I'd like to be able to run my own back end, and as I understand it this has not been possible in the past due to the code being closed source. Will you be releasing the code for the existing back end, or only for new versions going forward? Too many legal headaches with releasing current code.
New version is using Bitcore. That's already out there. Or in SPV mode needs no back end at all. It will be, somewhat. The new app will support SPV. The backend will just run whatever third parties will need to run their plugins, and anything that can't be done in SPV, like colored coins. It will be just whatever code we are given or find online, and will be up to the providers whether it will be open or not.
The plugins will have to go through our servers. That's how we will make money from an open source wallet: I do expect that we will fail miserably at some time early on though, and will learn our lesson from that experience, as is typical for all startups.
Log in or sign up in seconds. Submit a new link. Submit a new text post. Rules No inappropriate behavior. This includes, but is not limited to: No spamming or drive by posting. No creating multiple accounts to get around Reddit rules. Please provide accurate translations where appropriate.
Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Public moderation logs can be found here. For a complete list of rules and an Ethereum getting started guide, click here. Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities.
Want to add to the discussion? I wish them the best of luck though. They have always been an excellent company and wallet! They need to hire designer..