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" 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. "

William Mougayar

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" The blockchain symbolizes a shift in power from the centers to the edges of the networks. "

" 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. "

" 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. "

William Mougayar

Potential

Government

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets. "

" Most blockchain platforms don't share that much in common, resulting in choice lock-ins, lack of interoperability, and potentially dead-ends that are hard to untangle. "

" 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. "

" 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. "

" Until there are tangible metrics for quantifying the real value of a token's utility, the gap between value and valuation will continue to defy conventional wisdom and conventional valuation methods. "

" How do we create new value? You create value by running services on the blockchain. "

" 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. "

" As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995. "

" 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. "

" 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. "

" 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. "

" 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. "

" The old question 'Is it in the database?' will be replaced by 'Is it on the blockchain?' "

" 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. "

" 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. "

" A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers. "

" Blockchain infiltration will be met with resistance because it is an extreme change. "

" 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. "

" 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. "

" 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. "