I know there was a whole bitcoin alternative discussions happening months ago. I just got invited to this system. Have no real idea on it, but they seem to be offering free currency. Figure if it hits, great, if not well no harm done..
Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it's ready they are allocating Qs for free to people that sign up now (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.
This link will stop working once I’m out of invites.
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Outspoken blockchain skeptic and author of the book ‘Attack of the 50 Foot Blockchain’, David Gerard, published his research findings into the project back in June, when Initiative Q first gained traction on Crypto Twitter.
He wrote: “The Q token is a centralized private currency issued by Initiative Q. It’s presently worthless, and not exchangeable even on Initiative Q’s own servers — but they aspire to it being used in their nonexistent future payment network. At that point, they intend it to be freely exchangeable with dollars."
Gerard also points out the potential risk to user privacy should Initiative Q decide to sell its database of names and email addresses to third parties and questions the reasons for a payment network to have its own native currency.
He concludes: "Initiative Q appear to be quite sincere, and not crooks. [...] If you want to sign up for some private company magic beans, hey, why not — but tread carefully. I wouldn't invest in this company in a pink fit. Someone probably will, though — the founder has a track record of founding and selling companies."
Gerard's sentiment is echoed by the wider cryptocurrency community on social media. Not only have Subreddits, Facebook groups, and Twitter been littered with Initiative Q referral links but its pyramid scheme-like structure combined with its centralized model are touching a nerve in a community that has been dealing with scams and fraudulent projects and is on the warpath against centralized institutions.
So it sounds harmless as long as you share no personal information, but it doesn't sound promising.
I did something similar during the dot com boom. A company called Travelzoo was just starting out. They wanted to get users, so they started a viral stock program.
They'd give anyone three shares of common stock just for signing up. And then you could refer people to sign up and you and they each get three shares, so sort of like a ponzi scheme to allocate shares, but they did it to draw people to their site to use their travel booking tool.
travelzoo actually went public many years later and emailed all the shareholders how to get their shares.
I wound up with a couple grand for doing nothing.
Sounds similar to this with their viral marketing.
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A currency of the future or a pyramid scheme?
Outspoken blockchain skeptic and author of the book ‘Attack of the 50 Foot Blockchain’, David Gerard, published his research findings into the project back in June, when Initiative Q first gained traction on Crypto Twitter.
He wrote: “The Q token is a centralized private currency issued by Initiative Q. It’s presently worthless, and not exchangeable even on Initiative Q’s own servers — but they aspire to it being used in their nonexistent future payment network. At that point, they intend it to be freely exchangeable with dollars."
Gerard also points out the potential risk to user privacy should Initiative Q decide to sell its database of names and email addresses to third parties and questions the reasons for a payment network to have its own native currency.
He concludes: "Initiative Q appear to be quite sincere, and not crooks. [...] If you want to sign up for some private company magic beans, hey, why not — but tread carefully. I wouldn't invest in this company in a pink fit. Someone probably will, though — the founder has a track record of founding and selling companies."
Gerard's sentiment is echoed by the wider cryptocurrency community on social media. Not only have Subreddits, Facebook groups, and Twitter been littered with Initiative Q referral links but its pyramid scheme-like structure combined with its centralized model are touching a nerve in a community that has been dealing with scams and fraudulent projects and is on the warpath against centralized institutions.
So it sounds harmless as long as you share no personal information, but it doesn't sound promising.
I did something similar during the dot com boom. A company called Travelzoo was just starting out. They wanted to get users, so they started a viral stock program.
They'd give anyone three shares of common stock just for signing up. And then you could refer people to sign up and you and they each get three shares, so sort of like a ponzi scheme to allocate shares, but they did it to draw people to their site to use their travel booking tool.
travelzoo actually went public many years later and emailed all the shareholders how to get their shares.
I wound up with a couple grand for doing nothing.
Sounds similar to this with their viral marketing.
I've reviewed/accepted all the folks who accepted the invite.
The guy who invited me seemed to think it was ok, and I trust him. I appreciate you finding that review.
Here's my link if folks want to sign up - ( New Window )
Adam Zenzer
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Thank you.
Adam Zenzer
It says waiting for your email confirmation. Once you complete that I can approve
Amazing what the fear of "missing out" will do to people, huh?
Let me know if you need info (I'd prefer to email if you need info).
Amazing what the fear of "missing out" will do to people, huh?
Let me know if you need info (I'd prefer to email if you need info).
Yea no one wants to "Miss out" I missed the whole bitcoin thing, and figured what the hell to this one.
It all looks good. I accepted the request.
Yes. I got this link by email.
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done
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Says Chris needs to verify.
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It's me. I approved everyone who applied a little while ago.
Can you Verify me thanks.
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