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RE: Hi, I’m William Mougayar from Toronto, Canada. I'm an investor & author of The Business Blockchain – the first business book that fully explains the blockchain’s implications on business.

in #ama8 years ago (edited)

Hey William, welcome to Steemit! You're our first AMA too :)

When and how did you first come across blockchain tech? What was your initial impression of it?

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Around 2012 first, on Fred Wilson's AVC blog, he posted on Bitcoin, but I first ignored it as I was busy running my own startup, Engagio at the time. Then after selling Engagio in January 2013, I got back into Bitcoin around March 2013 and started to study it more seriously. My first impression was that it was complicated, but worthy of being understood. The more I dug into it, the more I was getting flashbacks about the early Internet days in terms of potential and scope.
Then I got exposed to Ethereum in December 2013 and my interest ballooned, and it went from there!

What's most interesting to you about ethereum?

That it is general purpose in the sense that it is not limited by what you can do with it. That is dangerous at the same time, because it's a powerful tool that can get misused too, or extended. But that's part of the learning part.
You could argue that Bitcoin also enables innovation, and I agree. I think both platforms are innovation enablers, each one in a different way. Each one has its benefits and own challenges.