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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
Way
Everything
Blockchain
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" The old question 'Is it in the database?' will be replaced by 'Is it on the blockchain?' "
William Mougayar
Question
Blockchain
Will
" 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 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. "
William Mougayar
Control
Big
Own
" 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
" 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
Practice
Become
Good
" 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. "
William Mougayar
Value
Continue
Gap
" 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. "
William Mougayar
Short
Matter
Just
" 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
Transparency
Say
You
" 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. "
William Mougayar
Enough
Luxury
Money
" 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. "
William Mougayar
Economy
Currency
Creating
" 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
" 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
" 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. "
William Mougayar
Need
Standards
Will
" 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. "
William Mougayar
Practice
World
Creating
" 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
" 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
" 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
Potential
Appreciation
" 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
" 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
" 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
Activity
Blockchain
" 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
" How do we create new value? You create value by running services on the blockchain. "
William Mougayar
Blockchain
Create
How
" When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses. "
William Mougayar
Might
Deals
Will
" As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995. "
William Mougayar
Uncertain
Did
Internet
" Blockchain infiltration will be met with resistance because it is an extreme change. "
William Mougayar
Blockchain
Change
Resistance
" 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
" 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. "
William Mougayar
Business
Create
Early
" 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. "
William Mougayar
Web
You
Future