Initiative Q

karlosthemarra

karlosthemarra

karlosthemarra

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anyine read into this? Is it a load of rubbish? Or the next Bitcoin?

Supposedly created from some PayPal guys. They only want an email and a name to sign up so I’ve done it. I figured I haven't invested anything so haven't lost anything, and if it takes off I’ll maybe get something (Missing the Bitcoin hype still hurts)

My Link:
This is a new currency and payment network built by ex-PayPal guys, called Initiative Q. The Q currency is currently being allocated for free if you are invited by an existing member.
The idea is that if millions of people join, Q could become a leading payment network, and, according to well-known economic models, that means the value of the reward would be around $130,000.
The amount you reserve decreases every day, and each member has a limited number of invites. NO REFERRALS
(Don’t worry. No funny stuff. You just need to give your name and email and your spot is reserved).

Anyone heard of this? Have a google if not. Could be a load of *****, probably is, but nothing ventured nothing gained I suppose
 
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I signed up.

Here's my invite code as you only get 5:

NO REFERRALS
 
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Its a pyramid scheme, doesn;t present anythign novel, and their marketing blurb is full of lies. Let alone the fact you have to believe that some how nothing but a webpage will suddenly be work 2 trillion dollars
 
Ponzi scheme recruitment - check
Contact page goes to email address - check
Domain is a godaddy blind registration - check

At least they can spell. If its not a scam, it darn well smells like one to me.
 
Got sent one of these last night. Usual doing the rounds on social media. As above pyramid scheme. Register, send 5 invites, send another 10 and you're entitled approx 130k dollars once it goes into full effect :o

I declined the offer after googling it
 
Digital currency systems like this are basically the new Linux distro's.

Everyone's banging them out to the point the general public lose interest and lack the knowledge to use them resulting in nothing but the more geeky types arguing over them and never really getting a worldwide foothold
 
AHarvey said:
Digital currency systems like this are basically the new Linux distro's.

Everyone's banging them out to the point the general public lose interest and lack the knowledge to use them resulting in nothing but the more geeky types arguing over them and never really getting a worldwide foothold
Click to expand...

Too many clones promising the same things over and over.



Clearly a scam.
 
I created a throwaway email address for it, just in case. When it starts getting spammed, I'll simply delete it.

On the other hand, I'll resurrect this post in ten years when I'm a multi-billionaire*

* - probably won't do this
 
A fool and his money. Yes some people will likely get rich from this, but there will be many many losers.

Stating that you only need a name and email to reserve your spot won't get you anywhere, from what i've just read you'll end up getting invited to deposit money into the scheme, money which you'll unlikely see ever again.
 
1. Buy new currency
2. Wait to see if it takes off
3. Cash out back to regular currency to make profits

Step 3 is why these things never take off lol

Cashing out back to regular currency defeats it's entire purpose
 
A friend of mine mentioned this yesterday and I spent 5mins on a search.

It is legit, in as much as there are high enough profile people behind it. The main one being Saar Wilf, who is the 'PayPal' person people refer to. He is a serial entrepreneur who developed a payment security service which he then SOLD to Paypal. He's known for creating/investing in startups and selling them off.

The people

Initiative Q was founded by Saar Wilf, who has past experience in the payments world — amongst other companies, he founded Fraud Sciences, which he sold to PayPal when it was part of eBay.

The other key participant is Lawrence H. White — an economist at George Mason University, who is heavily into Austrian economics, though he’s not a complete gold bug. White worked out the economics of the Q private currency.
Click to expand...

It IS a pyramid scheme, with each validated invite gifting you additional tokens which may/may not eventually turn into a currency worth actual money.

At worst it is collecting emails and usernames which could be an ideal database of people should they get bought out.

Most of my info came from this one article, but seems to stand up against other articles and posts: https://davidgerard.co.uk/blockchai...-private-currency-marketed-by-pyramid-scheme/
 
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