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" 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. "
William Mougayar
Contribution
Action
Voting
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" 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. "
William Mougayar
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" 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. "
William Mougayar
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" 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. "
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" When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses. "
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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. "
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" ICOs cannot escape startup evolution characteristics. This means that their growth will be hard fought, hard earned, and hardly a walk in the park. "
William Mougayar
Escape
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Evolution
" 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. "
William Mougayar
Two
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" 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. "
William Mougayar
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" The token itself is not your new business model. What the token enables for you and for your users is the key part to focus on. "
William Mougayar
Key
Focus
Your
" The old question 'Is it in the database?' will be replaced by 'Is it on the blockchain?' "
William Mougayar
Question
Blockchain
Will
" A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers. "
William Mougayar
Realization
New
Model
" You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets. "
William Mougayar
You
Blockchain
Think
" How do we create new value? You create value by running services on the blockchain. "
William Mougayar
Blockchain
Create
How
" 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. "
William Mougayar
Statistics
Know
Beginning
" In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches. "
William Mougayar
World
Own
Blockchain
" 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. "
William Mougayar
Trust
Challenge
Blockchain
" 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. "
William Mougayar
Future
World
Poison
" 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. "
William Mougayar
Impossible
Possible
Result
" 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. "
William Mougayar
Want
Money
Change
" 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. "
William Mougayar
Feet
Blockchain
Business
" 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. "
William Mougayar
Opinion
Business
Creating
" 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. "
William Mougayar
Service
Who
Business
" 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. "
William Mougayar
New
Economy
Big
" 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. "
William Mougayar
Internet
Standards
Breakthrough
" 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. "
William Mougayar
Financial
First Time
Inside
" 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. "
William Mougayar
Work
Way
Result
" 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. "
William Mougayar
Own
Value
Welcome
" 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. "
William Mougayar
Will
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Internet
" 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. "
William Mougayar
Looking
Future
Looking Forward
" 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. "
William Mougayar
Eye
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