William Mougayar is an advisor to Steem!
I was browsing the news section on google the other day and I came across this article mentioning Steem, Steemit, and the Blockchain. What I found made me quite happy.
The title of the article is: "Blockchain will revise banking reality"
The article in it's entirety can be found here:
http://m.bankingexchange.com/news-feed/item/6632-blockchain-will-revise-banking-reality?Itemid=101
Here are a couple excerpts specifically mentioning Steem from the article:
But blockchain technology and cryptocurrencies—founded on the concept of the distributed ledger, the opposite of a central database—are, to use the vernacular, messing with the centralized concepts about financial services that bankers grew up with.
Steem is an example—one of author and venture capitalist William Mougayar’s current, blockchain-based favorites. The Steem website defines itself as “a blockchain database that supports community building and social interaction with cyrptocurrency rewards.”
“If you publish some content on Steem and somebody ‘up-votes’ it, then it earns you some money,” says Mougayar. Within the Steem community, there are ways to spend that money.
“I call this approach a circular economy, where you can earn and spend money without leaving the marketplace,” Mougayar continues. “It looks like ‘funny money’ to outsiders. They’ll say, ‘How can you print money?’ But it’s the same as greenbacks. You earn it, get a paycheck, go spend it. It’s like going into a new country with a new currency.”What relates most to banking about Steem is the trust aspect of its blockchain, an illustration of a key element of this technology.
“Blockchain solves the ‘double-spend’ problem,” Mougayar explains. “We can send value back and forth digitally without fearing that it’s been used twice. If I send you value, I don’t have it anymore, in a blockchain, and the blockchain can be used to track all of this value because its records are immutable.”
Notice how he compares the Steem currency and the Steemit economy to that of the "greenback" and any other currency that is used by different countries throughout the world. I hadn't thought of it that way, but really if you want to call Steem 'funny money', you better be prepared to call the US dollar 'funny money' as well.
Here is another excerpt that I found especially interesting:
"When I wrote The Business Blockchain, I found there were about 5,000 blockchain developers worldwide. Now, it is up to, maybe, 7,000 or so.
Compare that to nine million Java developers. I cite Java because it proved instrumental for the web. Java allowed developers to write an application once, and it could run anywhere on the web. The web took off."
Only 7000 developers world-wide that know how to code on the blockchain?! Talk about having a difficult time finding good help! Then when referencing Steem, take that number and filter out those that know how to develop Graphene... what number does that come to? 100? 30? No idea, but likely not many at all...
Let that sink in a little the next time you think that the development on Steemit is going too slow for your liking. There are likely only a handful of people who know how to develop it.
This last portion was the part that got me especially excited though:
"Disclosure: William Mougayar is an advisor to Steem, and holds Steem, Bitcoin, and Ethereum cryptocurrencies. He is based in Toronto, Canada."
Wait what?! This guy is an advisor to Steem?! I had no idea...
So who is William Mougayar exactly?
His LinkedIn page can be found here:
https://ca.linkedin.com/in/williammougayar
Here is a tiny snip-it of his summary on LinkedIn:
"Advisor, Investor, Mentor and Coach to Teck Entrepreneurs and Founders on Strategy, Marketing and Growth.
Author, "The Business Blockchain" (Wiley, May 2016)
I invest my intellectual and financial capital, human network, knowledge and experience in startups.
Uniquely versed and experienced in the North American startup ecosystem via networked relationships with VC's, startups, founders, and influencers. "
This guy is very well versed in blockchain and has vast experience in dealing with them. I mean he just published a book on the subject less than a year ago.
I for one was very pleased and surprised to see his name attached to the project. Anyone who attended Steemfest likely is familiar with this name as he was one of the speakers on hand. However, this was the first I had heard of his involvement. I am pleasantly surprised and very pleased.
Not sure how involved he is or how much advising he is actually doing, but the more he mentions the name Steem and Steemit in the press, the better for all of us and I am glad that there are resources out there that our fearless leaders can consult in times of need.
2017 is the year of Steem!
Sources (including images):
http://m.bankingexchange.com/news-feed/item/6632-blockchain-will-revise-banking-reality?Itemid=101
https://ca.linkedin.com/in/williammougayar
Follow: @jrcornel
Wicked find, thanks a bunch for sharing, I had no clue! All for one and one for all!!! Namaste :)
Thanks!
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Very good news!
@kus-knee (The Old Dog)
I thought so too :)
Yes he's well known and has been posting on Steemit too under his own name.
What is the username?
https://steemit.com/@wmougayar
Excellent, the more people like this supporting Steem and getting the word out to their professional contacts the better.
Yep, couldn't agree more!
oh really? I had no idea he was actual advisor...
Yes I think it is mentioned in his previous articles too:)
Wow... I am late to the party... thanks for filling me in :)
You are not the only one :)
Phew! ;)
Greenbacks are funny money and always has been.
If steem gets compared to that kind of funny money I'll take it all day long!
I think one of the big reasons cryptocurrencies have had such slow growth in comparison with other Technologies is that so few people understand what it is. Much of the value found in any currency is the trust placed in its value by Society. That is where a social media platform such as Steemit becomes so vitally important for the future of cryptocurrencies. It takes the abstract ideas of a digital currency and puts it into terms the public already understands in a social media platform and an estimated value in traditional currency.
Very good point. I think applications such as Steemit are even harder to grasp and to understand for people outside the community. I'm working at a VC in Berlin and even here in the community I'm not sure how many of my fellows have e.g. heard about Steemit :)
Great point!
Seems like a perfect fit - congrats to the whole team!