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All Quotes by author - William Mougayar
" A blockchain-based startup could have a product/service as part of what they are developing, but their stride is best hit when they are also creating a self-sustaining circular economy that is supported by their own currency or tokens and where there is a transactional loop between earning and spending these tokens within their ecosystem. "
" 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. "
" A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers. "
" As much as one would like to think that what China does doesn't matter, the reality is that when China sneezes at crypto, the rest of the world catches the cold. "
" As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995. "
" A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a working business model attached with it. "
" 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. "
" Blockchain infiltration will be met with resistance because it is an extreme change. "
" 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. "
" Conceivably, blockchains could rely on a number of standards above the Internet's existing standards to allow a smooth bridging from one layer to another. That would be a breakthrough. "
" 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. "
" 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. "
" 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. "
" 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. "
" Government leaders should get up to speed on the blockchain by understanding it first and committing to exploring its potential. "
" How do we create new value? You create value by running services on the blockchain. "
" 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. "
" ICOs cannot escape startup evolution characteristics. This means that their growth will be hard fought, hard earned, and hardly a walk in the park. "
" 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. "
" If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a public-good utility and encourage an evolution that is not unlike the Internet's in terms of openness and neutrality of access. "
" 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. "
" 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. "
" If your user base engagement is fledgeling, a token may not be the panacea unless it is properly threaded into the product, and user behavior is accompanying the token utility. "
" 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. "
" I'm looking forward to seeing more ICO projects provide increased clarity about the performance metrics expectations they plan to exhibit during their future adult lives in addition to the assumptive utility of that token they are selling. "
" 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. "
" In order to grow-up, blockchains will eventually need a lot of standards that are vendor- and solutions-agnostic. So many areas are ripe for standards developments: smart contracts, tokens, security, storage, messaging, identities, naming, record-keeping, and more. "
" In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches. "
" 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. "
" 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. "
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