Should you click on the Initiative Q invitation? Future Bitcoin or an Upright Scam?

It’s Invest Diva's Kiana Danial with News BTC and today I’m taking a look at Initiative Q, the promise of a new “future” currency that created a frenzy on Invest Diva’s Investment group this week. As a crypto enthusiast, you may have already been approached by friends and family with an invitation that only asks for your name, email address and a password to reserve you an amount of the next potential Bitcoin. Except, it is not a cryptocurrency and doesn’t even work on the blockchain- yet. They call it a social financial experiment. There’s only a limited amount of invites, so things can get hyped up pretty easily especially if the link is shared within an online group. After all, who wouldn’t want some free money that can be used in the economy of the future? Doing a quick search online, you’d find a ton of articles that have compared Initiative Q to a Pyramid Scheme. To which, Initiative Q’s Twitter handle has responded with a big ole “no”, claiming that “pyramid schemes collect money from new members and distribute it to earlier members. In contrast, joining initiative Q is completely free. So, clearly, there is no money to hand up the “pyramid” to earlier members.” Personally, I liked the way they described how any currency has come to value in our financial systems, and that is because people demand it and stores accept it for payment. Their website reads: “No buyer will join a new payment network with no sellers, and no seller will offer a new payment option that no buyer uses.” They call it a “self-fulfilling prophecy.” As millions join, advanced payment technologies are deployed, the payment system becomes even more popular, the Q currency becomes valuable. And of course, if you get invited now, you can secure some Qs for “free.” Critics say this is not really free, because they can at least use your name and email address for marketing in the future. Supporters say, what website do you know who doesn’t ask you for this minimal amount of information? At the end of the day, all we know for sure is that Initiative Q has no value today. And whether or not it becomes valuable in the future, depends on how wildly popular it becomes, and how sincere the founders, who are former PayPal people, by the way, are. Now I’d like to hear from you. What do you think about Initiative Q? Have you got an invite yet? Do you think this is just a scam or has the potential to turn into an actual currency in the future? Let me know in the comments, and subscribe for more updates!

Should you click on the Initiative Q invitation? Future Bitcoin or an Upright Scam?

62 Kommentare

  1. I don’t know if it will ever come to any value but sometimes you have to take a bit of risk and this looks like a decent calculated risk. I passed up the opportunity of buying BitCoin in its early stages around 8 years or so ago when the value was around $150 a coin from memory. I’ve signed up and just waiting for approval. let’s wait 10 years and check back here for the comments.

    1. +Onfroi That’s why I called it a decent calculated risk in the 1st place after reading the information the site provided, the long-term potential finance upsides outweigh the chance that your details may just get sold off to all and sundry. Not sure if we’ll ever find out but sometimes you have to be in it to win it.

    2. +Martin Freeman well the guy and the team behind this project are all credible and respectable people, I doubt they would lose all their credibility just to sell some basic information

    3. Good answer! Im thinking just like you.. I had 2 opportunity do buy bitcoin, firt when it was R$0,30 (brazilian money) And then again in april 2017, when was around R$3000.. Didnt buy nothing at both.. And then in december 2017 bitcoin hit R$52.000..

    1. Not entirely true, the guy Saar Wilf started an anti fraud company which he then sold to paypal, as far as i’m aware he never worked for them. Still appears to be a credible character in the finance industry on those grounds though.

    2. +Dominic Goodwin Agreed. However, does his skills in developing anti-fraud API’s quantify his ability to create a blockchain and crypto.
      I made a blockchain and crypto last night in an hour, it has Zero value, just like Bitcoin had 0 value.

      But with 4000 alt coins (half of which are ERC20 Tokens), will there ever be a crypto that has a bull run again? Probably, but not for a long time.

      The lack of an initial coin offering does give me doubts towards how it will even gain value.
      The only reason Bitcoin was worth anything was due to the ICO.

      No ICO = No Value = Good Luck with Your Q’s

      But it’s 5 minutes of my time and all I had to do was register, no loss even if it doesn’t become something

  2. Just today. October 31st I saw a segment on CNN’s Quest means business host Richard Quest talking about m-peas in Nairobi and how it is everywhere you look in the area. They built a huge distribution network for a cashless society. Initiative Q reminds me of m-pesa.

  3. I think it has potential. As long as they have lots of people signed up and enough vendors willing to accept Q as a currency, I say they’ll be in business

    1. +FEXZI Yes, because right now they are interested in building a network. Large network will convert into big demand and value for the currency.

    1. +INNER WORK no she doesn’t. why would you say she has a beautiful voice? She is a beautiful woman and could be a nice person and maybe even a great wife and mom, but her voice is as beautiful to listen to as a siren

  4. I think that anyone who believes you get something for nothing still believes in the Easter Bunny, and should hire some Wall Street Crook to manage their money for them. Or they do something useful and give it to a chosen charity.

    1. Something for nothing ? Well, let’s think about this a little bit. When bitcoin was born, it cost almost nothing to mine it. Just the cost of your electricity and brain power to set it all up. Fast forward to now. You can buy some Altcoins for next to nothing. The value comes later depending on the adoption. And by the way, these guys haven’t actually given anything to us yet. The way I see this is, is that’s like a free ICO. Having said all that, when I read through the their website under the FAQ section headed, „QS vs Crypto“ I was very turned off by the nonsense spoken of about Banks. This is what they said, „Transferring security risk to the currency owners: Removing banks from the system also removes the protection that banks provide in security, fraud prevention, and dispute resolution, leaving individuals vulnerable to theft, scams, and human errors.“ Basically garbage in my opinion. When I sold my house a long time ago, I put my money in a high street bank (UK) that was an Icelandic bank. A few days after a removed my money, thousands of people were unable to withdraw their money. As a result, we now have an £85000 guarantee that money will be safe. Enough said.

    1. Email lists are worth nothing if the people you are mailing to didn’t subscribe for the product you are trying to market them or are at least interested in the same domain. If you scam people, normally your domain will get blacklisted and then good luck with sending out emails in the future.

  5. Funny seeing everybody posting their invite links. I notice in their FAQ on their site it says, „Therefore, we require that all new members be verified by existing users who actually know them. “ Their system has no way of verifying the „knowing“ part. X person doesn’t actually know Y by posting invites everywhere.

    1. You have to verify the people who actually used your invite link, through your member dashboard. You should only verify people you really know, otherwise they say you and all the people you didn’t verify honestly can be removed from the network. So it seems they really try to create a trustful and reliable network. Looks like a good idea to me…

    1. Went to use your invite, thought „Maybe I should spam or Q’s“

      On second thoughts, I don’t want to risk it.

      If it is the developer of the PayPal Anti-Fraud API, I am going to assume he knows how to make a Unique Hardware ID and that whatever I do, would be noticed.

      This Invite Still works 26th November, 11pm AEST GMT+10:00

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