Update: Well, that was fast — I gave away my first batch of Q… working on 2nd batch.
Update 2: It’s not really a Crypto currency. There is an extensive FAQ at initiativeq.com
I got this from a new crypto-currency group called Initiative Q:
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.
Here is my invite link: https://initiativeq.com/invite/BIzFKp32X
Update: This was an “affiliate link” of sorts, but I no longer get any “credits” through that link. However, if you sign up, you will get the same sort of “affiliate link” that you can use to get additional credits when you get others to sign up.
Ok, that is the canned spiel from Q. What follows is my own spiel. I have read through the above canned response, and I have not found anything objectionable in it. Nor have I found anything objectionable in the website. I do think that the folks behind Q may well be overly optimistic, and I will be watching carefully. I certainly won’t be putting any substantial money into this until I’m convinced they will succeed, and I recommend that you don’t, either.
I found the signup process a little awkward, and I think their marketing is a bit sub-optimal. There was a choice to use Google, FB, or Twitter, none of which I wanted to use. I consider that a slight negative for Q, but OTOH, those are currently the platforms most people use. I signed up with a direct login and password (generated by LastPass [not an affiliate link] — if you don’t already have a password manager, get one. There are many free ones).
I signed up for Q in November 2018, on the recommendation of Martin Avis, one of my first Internet Marketing mentors. The signup link I got is limited in some unusual ways, the most interesting of which is that as time goes by, the signup bonus goes down. So if you are interested, don’t delay. And when you get that affiliate link, be sure to promote it heavily, because you will have a fairly short time to get your bonus credits.
While I don’t have a huge amount of enthusiasm for a new payment system, I don’t see any downside to this free account (you do have to share it in order to get credits, but I regard that as a fairly clever marketing scheme, similar to affiliate marketing). The reports I have see on FB indicate that they don’t sell your information, and they don’t spam.
The big upside (at least so far) is that I have not seen any signs of the “virtue signalling” that PayPal and some other payment processors are starting to exhibit.
So, even though I have some reservations about Q, I signed up anyway, and I’m telling others about it.
I’m guessing this new Q will take a while to “take off”, but I certainly wish them the best — simply because I don’t trust PayPal (or Stripe) after their de-platforming of folks who dare to compete with the Lamestream media. Paypal (and others) need some meaningful competition!