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" 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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" 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. "

William Mougayar

Hard

Common

Blockchain

" In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches. "

" 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. "

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

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" 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. "

" When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses. "

" 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. "

" 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. "

" Tokens should not be listed before the start of the operations on the network, platform, or application. This is where many ICO's seem to have lost their ways, and that's risky. "

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

" 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. "

" 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. "

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

" Government leaders should get up to speed on the blockchain by understanding it first and committing to exploring its potential. "

William Mougayar

Potential

Government

" 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. "

" 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. "

" 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. "

" 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. "

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