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Blockchain Quotes
Blockchain Quotes
Scalability is this idea of coming up with a blockchain that can scale much larger than existing chains essentially by processing transactions in parallel. And moving away from this paradigm where every single node on the network has to process every single transaction.
Vitalik Buterin
Single
Blockchain
Every
Scale
Paradigm
Parallel
Network
Idea
Coming
Existing
Up
Than
Essentially
Transaction
Transactions
Where
Process
Processing
Moving
Moving Away
Much
Chains
Away
Larger
Blockchain software companies may end up being amalgamated into existing software giants, at which point blockchain patents will just become part of the existing patent war.
Vitalik Buterin
War
Will
Become
Blockchain
Software
Giants
Point
Part
Existing
End
Up
Patent
Patents
May
Just
Being
Which
Companies
Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under development.
Vitalik Buterin
Great
Blockchain
See
Development
Although
Private
Public
Ethereum
Using
Actively
Base
Code
You can write anything that you would be able to write on a server and put it onto the blockchain. Instead of Javascript making calls to the server, you would be making calls to the blockchain.
Vitalik Buterin
You
Blockchain
Would
Would-Be
Able
Onto
Write
Put
Instead
Calls
Making
Anything
Server
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
Value
Blockchain
Think
Network
New
Moving
Utility
Assets
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
Will
Blockchain
Own
Keys
Our
Able
Exchange
Exchanging
Without
Verifying
Existing
Trusted
Authenticity
Authorities
Anything
Central
Custodian
Held
Assets
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
Blockchain
Own
Data
Vulnerable
Losses
Central
Should
Less
User
Each
Players
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
Internet
Neutrality
Blockchain
Think
Unlike
Evolution
See
Adoption
Openness
Terms
Access
Encourage
Going
Maybe
Should
Ignore
Less
Standards
Utility
Technologies
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
Blockchain
Analyzing
Considered
Enterprises
Entrepreneurs
Wondering
Preoccupied
Dissecting
Government leaders should get up to speed on the blockchain by understanding it first and committing to exploring its potential.
William Mougayar
Government
First
Understanding
Blockchain
Speed
Potential
Leaders
Up
Get
Committing
Should
Exploring
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
Business
Care
Blockchain
Relate
Settings
Cases
Exciting
New
Most
New Business
Mostly
Because
Opinion
Private
Quest
dont Care
Models
In My Opinion
Whether
Public
Creating
Disruption
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
Prevail
Business
Will
First
Blockchain
Few
Innovator
Dilemma
Must
Boundaries
New
Feet
New Business
Within
Enable
Wet
Get
Models
Deploying
Succeed
Aspire
Even
Applications
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
Me
Will
Year
Blockchain
Beginning
Statistics
Something
Fact
Know
Make
How
Doing
Years
Any
Done
Just
Different
Them
Ask
Now
Two
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
Business
Change
Money
Big
Blockchain
Project
See
Another
Big Companies
Improve
Going
Want
Process
Themselves
Companies
Here
Disrupt
Save
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
Result
Impossible
Will
Blockchain
Beginning
Innovative
Everything
Out
Possible
More
Absurd
Boundaries
Failures
Ecosystem
Make
Because
Revealing
Real
Aftermath
Realities
Useful
Whole
Appears
Plausible
Resilient
How do we create new value? You create value by running services on the blockchain.
William Mougayar
You
Value
Blockchain
Running
New
How
Create
Services
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
Blockchain
Potentially
Resulting
Share
Most
Lack
Common
Much
Choice
Hard
Platforms
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