- Nov 07, 2020
William Mougayar Quotes
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- Last Updated on May 30, 2021
- Control
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- Nov 07, 2020
China wants control, and China will get control. That's their default modus operandi. Crypto-Tech is no different than the Internet and Web businesses.
- Mind
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- Nov 07, 2020
If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the future, everything is going to be developed with the blockchain in mind.
- Nov 07, 2020
You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets.
- Big
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- Nov 07, 2020
There is a new economy out there, what I call the Crypto-Tech Economy, that could be as big, if not bigger, than the web economy. So we have to be prepared for it.
- Money
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- Nov 07, 2020
I am very excited about the prospect of using cryptocurrency, not just as a money equivalent, but using it as a way to earn something as a result of doing some type of work.
- Everything
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- Nov 07, 2020
The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.
- Change
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- Nov 07, 2020
Blockchain infiltration will be met with resistance because it is an extreme change.
- Old
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- Nov 07, 2020
The old question 'Is it in the database?' will be replaced by 'Is it on the blockchain?'
- Future
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- Nov 07, 2020
The world is preoccupied with dissecting, analyzing and prognosticating on the blockchain's future; technologists, entrepreneurs, and enterprises are wondering if it is to be considered vitamin or poison.
- Business Model
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- Nov 07, 2020
A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers.
- Getting
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- Nov 07, 2020
Just like paying a toll to use a freeway, the token can be the pay-per-use rail for getting on the blockchain infrastructure or for using the product. This also ensures that users have skin in the game.
- Inside
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- Nov 07, 2020
For the first time, companies can be their own payment processors without the cumbersome or costly aspects of traditional financial settlement options. Tokens offer a much lower barrier for processing end-to-end transactions inside a given market.
- Contribution
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- Nov 07, 2020
Owning a token bestows a right that results in product usage, a governance action, a given contribution, voting, or plain access to the product or market.
- Elevating
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- Nov 07, 2020
Many regulators are quick to apply existing compliance practices that treat tokens as a security, therefore elevating the barriers and costs of implementation for entrepreneurs.
- Good
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- Nov 07, 2020
Ideally, it is important to communicate exactly when large amounts of tokens become unlocked and therefore available in public exchanges. It is a good practice to continuously update these exchanges with the right amount of tokens in circulation.
- Looking
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- Nov 07, 2020
When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses.
- Enough Money
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- Nov 07, 2020
With the influx of available cryptocapital that has become widely accessible, it's going to be interesting to watch what happens next, because companies now have the luxury of raising enough money to build simultaneously a product, a company, and an ecosystem.
- Body
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- Nov 07, 2020
If you have your own currency, you have your own governance, so each currency becomes their own mini-government. Mini-government is a big word, but it's a body that is governed in a decentralized manner where users have a say, where there's oversight and transparency.
- Authorities
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- Nov 07, 2020
The blockchain is custom-made for decentralizing trust and exchanging assets without central intermediaries. With the decentralization of trust, we will be able to exchange anything we own and challenge existing trusted authorities and custodians that typically held the keys to accessing our assets or verifying their authenticity.
- Experience
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- Nov 07, 2020
If you haven't used Bitcoin first-hand, you may not get the inherent advantage of a quicker appreciation and understanding of its potential. Seeing assets move swiftly without intermediaries is an eye opening experience, and that is just a starting point.
- New
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- Nov 07, 2020
The blockchain is an asset normalization platform that can enable a new liquidity in transactions, hence creating large networks of usage and value effects with benefits in speed, cost, quality, or outcomes.
- Business
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- Nov 07, 2020
Study how to write smart contracts, which is the basic unit of programming a blockchain for business purposes. It is the equivalent of being taught HTML and Java during the early Internet days. And master how to create assets or tokenize existing ones on a blockchain.
- First
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- Nov 07, 2020
Government leaders should get up to speed on the blockchain by understanding it first and committing to exploring its potential.
- Government
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- Nov 07, 2020
Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services are delivered.
- Growth
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- Nov 07, 2020
ICOs cannot escape startup evolution characteristics. This means that their growth will be hard fought, hard earned, and hardly a walk in the park.
- Ale
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- Nov 07, 2020
My advice to many ICOs is to start reading about startups and focus on the product, customer, and market as soon as the sale is over. And don't get distracted by post-ICO euphoria and the price of ETH or BTC.
- Business
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- Nov 07, 2020
The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and new vs. existing business models.
- Internet
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- Nov 07, 2020
Public blockchains are almost like the public Internet, which is open and widely accessible. If you can get on the Internet, you will likely be able to get on a public blockchain via a specific application.
- Care
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- Nov 07, 2020
In my opinion, one of the most exciting potentials of the blockchain relate to creating new business models, whether in public or in private settings. In most of these cases, the new models don't care for incumbents because they are mostly on a disruption quest.
- Deploying
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- Nov 07, 2020
Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator's dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries.
- Doing
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- Nov 07, 2020
The blockchain start-ups that have done ICOs are just at the beginning of something. Ask me how they are doing in a year or two years from now. I know for a fact it won't be any different from the statistics of all start-ups: 80% of them will not make it.
- Business
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- Nov 07, 2020
Big companies do not want to disrupt themselves. All they want to do is improve themselves. They see the blockchain as another IT project. It's going to save money; it's going improve a process here and there. It's not going to change their business.
- Good Ideas
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- Nov 07, 2020
Crowdsourced funding via cryptocurrencies is a viable practice. A lot of good ideas and innovative companies are coming out of it. This segment is creating thousands of jobs and companies all over the world.
- Enable
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- Nov 07, 2020
Cryptocurrencies are not evil and are not for money launderers and scammers. They are for entrepreneurs, technologists, change-the-world dreamers, and anyone who believes they can (and will) enable new business models, new types of organizations, and new ways to service consumers and businesses alike.
- Data
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- Nov 07, 2020
In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches.
- Big Companies
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- Nov 07, 2020
In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must ask what big companies do with our data, a question directed to both the online and traditional ones.
- Impossible
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- Nov 07, 2020
An aftermath of real failures can make the whole blockchain ecosystem more resilient because it will result in revealing the boundaries and realities of what's possible, useful, absurd, impossible, repeatable, and scalable out of everything that appears plausible and innovative at the beginning.
- Creation
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- Nov 07, 2020
What Bitcoin started is metamorphosing into something bigger: a 'crypto-tech'-driven economy with its own value creation, not unlike the Web's own economy. Welcome to the cryptoconomy.
- New
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- Nov 07, 2020
How do we create new value? You create value by running services on the blockchain.
- Looks
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- Nov 07, 2020
As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995.
- Centers
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- Nov 07, 2020