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 More Quotes by William Mougayar More Quotes From William Mougayar 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 everything force revolution way 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 result i-am money work The old question 'Is it in the database?' will be replaced by 'Is it on the blockchain?' William Mougayar blockchain question old will 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 your own you body 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 plan looking looking-forward future The blockchain symbolizes a shift in power from the centers to the edges of the networks. William Mougayar shift blockchain edges power 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 you experience eye appreciation 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 you future mind today You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets. William Mougayar value new think you Blockchain infiltration will be met with resistance because it is an extreme change. William Mougayar blockchain will because change 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 challenge own will trust 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. William Mougayar rest think reality world 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 luxury company money enough 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. William Mougayar customer start focus reading 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 blockchain own data world 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. William Mougayar see think ignore internet 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. William Mougayar control will internet different 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 big be-prepared economy 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 blockchain future poison world A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers. William Mougayar new like realization business
