William Mougayar Quotes

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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.

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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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.

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

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.

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.

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.

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

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

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

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.

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.

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.

Many regulators are quick to apply existing compliance practices that treat tokens as a security, therefore elevating the barriers and costs of implementation for entrepreneurs.

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.

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.

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...

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...

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