--- title: "Meaning & Key Takeaway of: Cryptocurrencies are not evil and are not…" description: "\"Cryptocurrencies are not evil and are not for money launderers and scammers. They are for entrepreneurs, technologists, change-the-world dreamers, and ..." image: "https://sms4smile.com/quotes/i/5fe/william-mougayar-12632_business_cryptocurrencies-are-not-evil-and-are-no_2138500.jpg" --- # Cryptocurrencies are not evil and are not for money… ![“Cryptocurrencies are not evil and are not for money launderers and scammers. They are for entrepreneurs, technologists, change-the-world dreamers, and anyone who believes they can (and will) enable new business models, new types of organizations, and new ways to service consumers and businesses…” quote by William Mougayar](https://sms4smile.com/quotes/i/5fe/william-mougayar-12632_business_cryptocurrencies-are-not-evil-and-are-no_2138500.jpg) [Download](https://sms4smile.com/quotes/i/5fe/william-mougayar-12632_business_cryptocurrencies-are-not-evil-and-are-no_2138500.jpg) [Open image](https://sms4smile.com/quotes/i/5fe/william-mougayar-12632_business_cryptocurrencies-are-not-evil-and-are-no_2138500.jpg) > “Cryptocurrencies are not evil and are not for money launderers and scammers. They are for entrepreneurs, technologists, change-the-world dreamers, and anyone who believes they can (and will) enable new business models, new types of organizations, and new ways to service consumers and businesses alike.” [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Cryptocurrencies empower innovators to create new business models and organizational forms, beyond illicit uses. **In simple terms:** Crypto helps entrepreneurs build new services. Key Takeaway Explore blockchain for positive impact. Themes technology entrepreneurship innovation Mood optimistic forward‑looking Type inspirational practical When to use this quote - startup funding - digital marketplaces - social enterprises Key Concepts decentralization smart contracts financial inclusion Questions to Reflect On - What problem can blockchain solve in your field? - How to mitigate crypto risks? A Different Perspective Regulatory uncertainty and volatility can hinder adoption. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Business model](https://sms4smile.com/quotes/about/business-model/) [Cryptocurrencies Evil](https://sms4smile.com/quotes/about/cryptocurrencies-evil-4441880/) [Evil](https://sms4smile.com/quotes/about/evil/) [Evil Money](https://sms4smile.com/quotes/about/evil-money-419081/) [Money](https://sms4smile.com/quotes/about/money/) [Money Launderers](https://sms4smile.com/quotes/about/money-launderers-4441882/) [New](https://sms4smile.com/quotes/about/new/) [Scammers](https://sms4smile.com/quotes/about/scammers/) [Scammers Entrepreneurs](https://sms4smile.com/quotes/about/scammers-entrepreneurs-4441881/) [Service](https://sms4smile.com/quotes/about/service/) ## Related quotes > [Okay, were talking about the root of all evil. (Money) Never put it before God or your people & never let it come between…](https://sms4smile.com/quotes/chad-garcia/okay-were-talking-about-the-root-of-all-evil-money-never-put-it/) [Chad Garcia](https://sms4smile.com/quotes/author/chad-garcia/) > [“For thousands of years, philosophers, thinkers and prophets have besmirched money and called it the root of all evil. Be that as it may,…](https://sms4smile.com/quotes/yuval-noah-harari/for-thousands-of-years-philosophers-thinkers-and-prophets-have/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [Nothing so evil as money ever grew to be current among men. 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Be that as it may,…](https://sms4smile.com/quotes/yuval-noah-harari/for-thousands-of-years-philosophers-thinkers-and-prophets-have-2/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [Scammers have great illusion for money.In illusion, they even forget their close relation.Moral value is passing by reference for them.Most importantly,they are never ashamed…](https://sms4smile.com/quotes/dranil-kr-sinha/scammers-have-great-illusion-for-money-in-illusion-they-even-forget/) [DrAnil Kr Sinha](https://sms4smile.com/quotes/author/dranil-kr-sinha/) > [“The stingy person's money often flows away, like water from a clenched fist, only to be absorbed by others who know how to sow…](https://sms4smile.com/quotes/shaila-touchton/the-stingy-person-s-money-often-flows-away-like-water-from-a-clenched/) [Shaila Touchton](https://sms4smile.com/quotes/author/shaila-touchton/) > [Many scammers are only using personal checks for payment because they can take the money and run.](https://sms4smile.com/quotes/matthew-lesko/many-scammers-are-only-using-personal-checks-for-payment-because-they/) [Matthew Lesko](https://sms4smile.com/quotes/author/matthew-lesko/) > [Don't get me wrong - I don't want to be mean to the scammers. There are lots of people online who do that. I'm…](https://sms4smile.com/quotes/james-veitch/don-t-get-me-wrong-i-don-t-want-to-be-mean-to-the-scammers-there-are/) [James Veitch](https://sms4smile.com/quotes/author/james-veitch/) > [The best, very best scammers will always ask for your advice. This is their favorite technique. It makes them vulnerable. It flatters your ego.](https://sms4smile.com/quotes/james-altucher/the-best-very-best-scammers-will-always-ask-for-your-advice-this-is/) [James Altucher](https://sms4smile.com/quotes/author/james-altucher/) > [“A bad economy is not enough reason for one to resort to crime. If the economy of a country is not working, at least…](https://sms4smile.com/quotes/michael-bassey-johnson/a-bad-economy-is-not-enough-reason-for-one-to-resort-to-crime-if-the/) [Michael Bassey Johnson](https://sms4smile.com/quotes/author/michael-bassey-johnson/) > [Perhaps one day we'll be able to identify and block not just scams but the scammers themselves - before they even target their first…](https://sms4smile.com/quotes/maria-konnikova/perhaps-one-day-we-ll-be-able-to-identify-and-block-not-just-scams/) [Maria Konnikova](https://sms4smile.com/quotes/author/maria-konnikova/) > [A lot of people see scammers as, like, just one guy in a basement with his computer, but actually, I think it's probably almost…](https://sms4smile.com/quotes/james-veitch/a-lot-of-people-see-scammers-as-like-just-one-guy-in-a-basement-with/) [James Veitch](https://sms4smile.com/quotes/author/james-veitch/) > [Scammers and spammers use spoofing to disguise their identity, to trick consumers into answering unwanted calls, and to hide from authorities.](https://sms4smile.com/quotes/ajit-pai/scammers-and-spammers-use-spoofing-to-disguise-their-identity-to/) [Ajit Pai](https://sms4smile.com/quotes/author/ajit-pai/) > [I know some people whose father has basically spent their whole inheritance on scammers. He's old; he wants to feel important, like he's doing…](https://sms4smile.com/quotes/james-veitch/i-know-some-people-whose-father-has-basically-spent-their-whole/) [James Veitch](https://sms4smile.com/quotes/author/james-veitch/) ## More by William Mougayar > [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…](https://sms4smile.com/quotes/william-mougayar/tokens-should-not-be-listed-before-the-start-of-the-operations-on-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A blockchain-based startup could have a product/service as part of what they are developing, but their stride is best hit when they are also…](https://sms4smile.com/quotes/william-mougayar/a-blockchain-based-startup-could-have-a-product-service-as-part-of/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Crowdsourced funding via cryptocurrencies is a viable practice. 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It requires a product/market fit, business model realization, and a lot of users/customers.](https://sms4smile.com/quotes/william-mougayar/a-new-dao-is-like-a-startup-it-requires-a-product-market-fit-business/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the…](https://sms4smile.com/quotes/william-mougayar/if-you-think-about-the-web-the-web-has-been-an-incredible-development/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a…](https://sms4smile.com/quotes/william-mougayar/a-token-is-not-a-short-term-carrot-nor-a-stick-for-that-matter-just/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services…](https://sms4smile.com/quotes/william-mougayar/let-s-hope-the-canadian-public-sector-starts-putting-the-blockchain/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and…](https://sms4smile.com/quotes/william-mougayar/the-blockchain-applications-market-is-unravelling-along-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [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…](https://sms4smile.com/quotes/william-mougayar/with-the-influx-of-available-cryptocapital-that-has-become-widely/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [“THE MORE FOUNDATIONAL A TECHNOLOGY IS, the more impact it can have. Blockchain technology is not a process improvement technology. At its fullest deployment…](https://sms4smile.com/quotes/william-mougayar/the-more-foundational-a-technology-is-the-more-impact-it-can-have/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Until there are tangible metrics for quantifying the real value of a token's utility, the gap between value and valuation will continue to defy…](https://sms4smile.com/quotes/william-mougayar/until-there-are-tangible-metrics-for-quantifying-the-real-value-of-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995.](https://sms4smile.com/quotes/william-mougayar/as-we-prepare-to-enter-the-cryptoconomy-undoubtedly-it-looks-fuzzy/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a…](https://sms4smile.com/quotes/william-mougayar/if-blockchain-technologies-ignore-the-eventuality-of-standards-we-are/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) [Explore all 54 William Mougayar quotes ](https://sms4smile.com/quotes/author/william-mougayar/) ## More Business quotes > [Companies with cultures that celebrate diverse opinions and encourage the exchange of ideas have an advantage when solving difficult problems. 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