Will Initiative Q be the New Bitcoin?

[Ladysmith]

https://www.forbes.com/sites/lelalondon/2018/11/01/is-initiative-q-the-new-bitcoin/#5b7d0a10783f

Interesting project that's so crazy it actually kind of makes sense...:

"Initiative Q is not, in any way, a cryptocurrency. But it might just be the new Bitcoin.

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."

The more people there are who are willing to use a currency and trust it, the more value it has...

The founder goes on to say,

"The world needs a better payment system. We are glued to its existing infrastructure and the only other option is cryptocurrency, which I don't believe answers the real problems.

Crypto - like all currency - has built its value based on trust but is decentralised from government. It circumvents the systems, which I think most people realise can be as bad as it can be good. We want Q to become mainstream and that's why we give it away for free to those willing to promote it."

"We want to make all financial processes both easier and faster. We want people to be able to pay for a meal like they would an Uber. To use artificial intelligence to allow families and businesses to share accounts. To have an international currency that can be traded and shared without the ill-equipped processes that are currently in place and cost so much time and money. We want to use technology to trade smarter and more secure."

Genius idea or doomed to fail?

[1714116195]

1714116195

[1714116195]

1714116195

[1714116195]

1714116195

[1714116195]

1714116195

[bitfocus]

Nope, if this project is successful, it could be a great Altcoin, but can never become or beat Bitcoin.

[o_e_l_e_o]

It can't be the new bitcoin or an altcoin because it isn't a cryptocurrency. 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.

To have an international currency that can be traded and shared without the ill-equipped processes that are currently in place and cost so much time and money. We want to use technology to trade smarter and more secure.

Sounds like bitcoin to me.

[memberpass]

Initiative Q borrowed the concept of airdrop from the crypto world!

I have a feeling they will end up launching a cryptocurrency in future.

[bitfocus]

nope, if they are a success, they will become just another altcoin, if they fails, they will just join the rests. but they are marketing calling them similar to Bitcoin - it is misleading people and such things are semi-fraud, in case of ethics, and must fail in the long run.

[bots1]

Lol, Q has the concept of centralization. It's impossible to replace bitcoin, I'm not sure that such a concept will create a solution for the cryptocurrency. I think you have to read carefully, how Q is offered based on technology not based on the language of the ad.

[jerrison]

the new initiative can never be said to be a worthy competitor with bitcoin as it has been a great trend the bitcoin and blockchain technology has kept over the years and the record on the technology is still clean with no errors on algorithm or whatsoever. i will ok the initiative to be  a good altcoin but not an alternative bitcoin.

[Wingleness]

Initiative Q is never a competitor to Bitcoin as it is a new project and has never gone through the test of time, which Bitcoin has, is and still undergoing yet still very strong. Initiative Q is just a good project on its own and the team will surely do all that's needed to make it a success BUT never to be compared with Bitcoin.

[dupee419]

Nope, if this project is successful, it could be a great Altcoin, but can never become or beat Bitcoin.

How sure are you even to say that it will beat BTC? I agree with what bitfocus has stated here, if it completes its project it could be claimed as a great altcoin but it won't be claimed as the one who will replace BTC, but I don't wanna be biased here, I just really think that it shouldn't be claimed as a competitor since there are more Alts that shows worthiness on beating BTC but none of the alts even actually did.

[ityandsyn]

https://www.forbes.com/sites/lelalondon/2018/11/01/is-initiative-q-the-new-bitcoin/#5b7d0a10783f

Interesting project that's so crazy it actually kind of makes sense...:

"Initiative Q is not, in any way, a cryptocurrency. But it might just be the new Bitcoin.

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."

The more people there are who are willing to use a currency and trust it, the more value it has...

The founder goes on to say,

"The world needs a better payment system. We are glued to its existing infrastructure and the only other option is cryptocurrency, which I don't believe answers the real problems.

Crypto - like all currency - has built its value based on trust but is decentralised from government. It circumvents the systems, which I think most people realise can be as bad as it can be good. We want Q to become mainstream and that's why we give it away for free to those willing to promote it."

"We want to make all financial processes both easier and faster. We want people to be able to pay for a meal like they would an Uber. To use artificial intelligence to allow families and businesses to share accounts. To have an international currency that can be traded and shared without the ill-equipped processes that are currently in place and cost so much time and money. We want to use technology to trade smarter and more secure."

Genius idea or doomed to fail?

       So another altcoin soon to be made and attempt to replace Bitcoin now I guess this a centralize altcoin like ripple which I think this is not cryptocurrency , so if this coin will work or will hit to the market so it is find but to be prankly speaking this coin can not replace Bitcoin .

[glowing10]

Nope, if this project is successful, it could be a great Altcoin, but can never become or beat Bitcoin.

In our country too I am getting a lot of invites to join this Q project and reading a lot about it. This is getting more and more popular among people and currently they are offering some free tokens as well for registration. Do not know the future of it but obviously nothing near bitcoin it can reach it atleast for next couple of years.

[bernard75]

Thats what i though about the Ripple giveaway in 2013. Made ~5500$ for free in ~one year, and these were 20k compered to 33k.
Obviously the profits wont be instant like always.
But the project seems promising, especially since the people know what they do, because they worked at the top of PP.

[Zin-Zang]

Initiative Q will be a Centralized Paypal for your cellphone.
https://initiativeq.com

Since there are currently 2 trillion Qs,

   80% are expected to be distributed as incentives — to encourage user activity and promote network growth.
    Around half of the incentives are reserved for buyers, and the rest for sellers, agents, contributors, and to incentivize growth-supporting activities within the Q network.
    10% are assigned to the Initiative Q payment company, for the purpose of funding development of the world’s most advanced payment network.
    10% are assigned to the Q monetary committee monetary reserves. These will be gradually converted to other currencies and financial assets, allowing any Q member to easily convert to other currencies if needed. Monetary committee members will be compensated according to industry standards.

Once the initial 2 trillion Q are fully distributed, the monetary committee may create and distribute new Qs in order to keep the money supply in line with economic activity and to maintain stability, as outlined in the economic model.
Qs vs Crypto

The part where they will scam you is highlighted in red.

Also their math is bad.
80% are expected to be distributed as incentives          =>80%  
That only leaves 20% for anything else.

But Yet they pulled another 70% out of their ass.
Around half of the incentives are reserved for buyers     =>50%
10% are assigned to the Initiative Q payment company =>10%
10% are assigned to the Q monetary committee            =>10%
                               Total Amount They Keep or Sell => 70%
Which leaves only 30% for incentives.


 


FYI:
It is a bullshit ICO for a Centralized Payment Service,
Expect the SEC to rip these idiots a new one before everything is said and done.

[Qwerty0524]

It can't be the new bitcoin or an altcoin because it isn't a cryptocurrency. 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.

To have an international currency that can be traded and shared without the ill-equipped processes that are currently in place and cost so much time and money. We want to use technology to trade smarter and more secure.

Sounds like bitcoin to me.

I hope that the initiative was, is and will always be. In our time without it in any way

[bernard75]

Remember Ripple giveaway?
I know a guy working for them and this is the first premium phase of distribution.

[Zin-Zang]

Absolutely free cash. No cash from your side needed. And the earlier you join the more is up for grabs.
It’s by invite only and I have a limited premium number of invite links:  https://initiativeq.com/invite/rEcFJW70m

No scam, pyramid scheme and no data collection: You can sign up with a fake name and a temp name.

https://initiativeq.com/FAQ

Data Collection:

you just provide your name and email address. We store your personal data securely

Real Name Required:

Therefore, we require that all new members be verified by existing users who actually know them.
There are incentives for verifying new members, as well as disincentives that discourage verification of contacts you don’t know well or trust.

And it is a Scam.  


 

[bernard75]

OMG. I registered and approved my friends with fake names and a temp email.
Anyway im done here, this was just a special offer and not a discussion post.

[Kakmakr]

"We want Q to become mainstream and that's why we give it away for free to those willing to promote it." - Yea sure, they know if you ask people to pay for something like this, then almost nobody will signup for this service. So this is why new concepts like this are hooking people into projects like this, to speed up adoption.

I think projects like this are not getting the whole picture or vision of a open decentralized <public> payment network that are not controlled by a centralized authority. They will just follow Ripple into the shady world of the Banking industry, where government oversight is mandatory and a requirement for success. <Let them bend over to these entities, but we are not following that route again.> 

[bernard75]

You obviously havent read anything about the project.

And the Ripple giveaway didnt made the people 600K+ with patience?

Oh, and please name me one project that didnt have to surrender to KYC and AML eventually...

[Loki11]

Initiative Q will be next BitConnect that I am pretty sure or if it is better it is next scam project. That is my opinion.