Quote from: TraderBill on May 03, 2016, 02:16:30 PM

Quote from: bassmaster on May 03, 2016, 01:57:31 PM

Quote from: TraderBill on May 03, 2016, 01:14:44 PM

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.