The initiative Q seeks to be the new revolution in , and in fact ensures that it wants to do better than bitcoin for become the global digital currency. Something you’re getting in part since , But how do you intend to achieve it?
What is initiative Q
In its , the Q initiative explains in seven steps why it is necessary to improve the digital currency system and what will you do to build a modern payment system, as you can see in the following video:
The 7 premises from which Initiative Q is based
1 .Currently, payment systems such as credit cards, bank transfers and even cash, they are old and outdatedso we all have unnecessary costs.
2. Although the general payment system is outdated, there is one that is waiting to be used.
3 . These new systems are not used because no consumer will join a new payment network without a merchant, and no vendor will offer a new payment option that consumers don’t use.
4 .If someone manages to build a modern payment system that implements these technologies and gets consumers and sellers to adopt it, it would become popular very quickly, and in fact its managers assure that could reach 20,000 million dollars in operations annually.
5 . If this system were to create its own global currency, let’s say “Q”, according to economic models the value of all the Qs would amount to several million dollars.
6 . It is at this point that the Q initiative invites users to reserve this coin, as it ensures that the sooner they join this initiative, the more Q coins they will be able to reserve.
7 . With this, as millions of people join this Q initiative, advanced payment technologies will be deployed, becoming more popular and with this the prizes awarded to the first users will reach their potential value.
Could it be a pyramid scheme?
Although all this sounds very promising, many users have wondered if this system has any negative undertones. Despite these seven premises that we have explained to you, there are some aspects of its approach that have led users to doubt whether the Q initiative could be part of a pyramid system.
A) Yes, your registration is allowed by invitation (by friends and acquaintances, mainly using social networks), how pyramid schemes work. The key to sign up to be part of this initiative? The first to participate in it get a reward in the form of Qs.
In addition, despite the efforts of those responsible through its website, the operation of the Q initiative, it is quite opaque. It is strange to assume that simply by registering with a username and email, you can receive a future reward in return in the form of a currency that does not yet exist. This is part of
“According to the equation of exchange in Economics, the value of a currency can be calculated using the amount of money in circulation and the frequency with which it is used (which is called the “velocity of money”). Therefore, estimating US$20 trillion in trades, and using the world average velocity of money, would give all Qs in circulation a value of several trillion US$.
As millions of people join, advanced payment technologies will be deployed, the payment system will become even more popular, the Q coin will be valuable and the prizes awarded to early adopters will reach their potential value
The currently reserved Q rewards come from a total supply of 2 trillion Q. This means that the rewards will be available for use at a rate of one dollar per Q, once all Qs reach a value of 2 trillion US dollars. , a realistic estimate assuming wide-scale adoption, as shown above«.
Of course, to be part of the Q initiative, an investment is not necessary (at least, not at the moment), which distances it from any shadow related to the . As we said, what is requested in return is that the user fill out a form with their data and use this new payment network. This might seem like a great deal, but we must think that Currently, there is nothing more valuable to companies than data.
just enough remember the controversy that social networks have gone through due to the unauthorized use of user dataand without going any further the notorious case that has cost Facebook so many headaches.
Image: Initiative Q
Stay informed of the most relevant news on our news channel
Facebook Comments
Disqus