Will Initiative Q be the New Bitcoin?

[Theb]

This is not the first time a project has promised to revolutionized the payment system in the world. And this is also not the first time a project developer has talked trash on Bitcoin (or any other cryptocurrency) just to promote their own project. Initiative Q is just like any other sub-par projects out there that is promising their investors that they will earn from them, and even though they are not calling themselves as a cryptocurrency, what they are offering are units called Qs which at on its own has a value.

They can call it whatever they want but what they are doing is basically launching their own cryptocurrency using their invite-only scheme to make it look more "exclusive" for its investors. I'm just tired seeing these kinds of projects mentioning BTC in a negative way to somehow make a point out of it.

[Phinnaeus Gage]

Here's an interesting tidbit. Initiative Q has had over 3 million people sign up for their new-and-improved Bitcoin thingy, yet this thread has ONLY [now] 23 posts. Further, click on the link below ...

https://www.google.com/search?q=%22Initiative+Q%22+bitcointalk+site:bitcointalk.org&rlz=1C1CHBF_enUS727US727&sa=X&ved=2ahUKEwjmjsGmwMPgAhWLrVQKHb6DAxsQrQIoBDABegQICRAJ&biw=1164&bih=526

... and you see myriad threads on this forum about Initiative Q, ALL of them deleted excepting this one. How odd is that?

[o_e_l_e_o]

I had totally forgotten about this nonsense. I had several friends and colleagues in real life, some who know about my love for bitcoin and some who don't, try to sell me on this. I asked them all the same thing - what can this do that bitcoin can't? What are its advantages over bitcoin? Not surprisingly, I never got a sensible answer. None of them have mentioned it since before the new year. I might have to ask them how their get rich quick scheme is coming on.

Turns out my predictions were fairly accurate:

I doubt very much it is going to be successful. It looks more like a multi-level marketing scheme to me - asking everyone to "recruit" 5 friends for more rewards. It is worth nothing and depends entirely on adoption to become valuable, but do you really think the people chasing "get rich quick" MLM schemes are going to be motivated to spread this "currency" for widespread adoption? I doubt it.

When is the project supposed to actually move out of the MLM phase?

[Vaskiy]

This seems to be a unique project that has been initiated and into the reach of more user community to make a value for it. Myself got registered and I send invites to three while only one registered it. Even if it succeeds as planned it'll surely serve as an altcoin. Nothing till date has got the potential to take the place of bitcoin.

[bitbunnny]

No, it will not become new Bitcoin. Many projects and coins were developed with aim to become as much successful as Bitcoin or even to replace it but so war that didn't happen. And I don't think it will.
This Q intitiative doesn't have the necessary potential. It promises some kind of revolution but what can actually achieve and who knows what actually stands behind it? I wouldn't count on it at all.

[Oasisman]

I have heard of it in an email from a friend a couple of months ago, and read something about how it was different than Bitcoin. I even took the chance to be a part of what they call an early adopters and recieve a $100 amount in their currency for free  ( It doesnt take away anything from me except the time I spend to register). But, what really bothers me is, how would this project be succesful when there is a succesful currency (Bitcoin) that has the same function and has existed for 10 years already.

[jcmansah7]

Well it is quite obvious that we need a cryptocurrency that is very faster and convenient to use than bitcoin but i doubt it is going to be Q-Initiative. I believe if there is going to be any coin to replace Bitcoin then it will probably be Ethereum or any of the first major cryptocurrencies. Q-Initiative is a great project but it has not yet gained that popularity like Bitcoin.

[bitfocus]

Initiative Q - if it is successful, it will be just another Altcoin, not BTC.

[r1s2g3]

In just four months, the 'payment system of the future' has built a network of nearly three million adopters by offering ever-decreasing sums of their future currency in exchange for an e-mail address."

I doubt out of these three million address,actual users might be much less. It is free to create email and many people certainly abused it.
Secondly, generating free cash by just giving email address will not help anybody.