The Emergence of Initiative Q
A highly intelligent and tech savvy guy named Saar Wilf established his first payment startup and followed it with Fraud Sciences., These revolutionized online e commerce and were adopted by Pay Pal which we are all familiar with.
Saar worked with Lawrence White, an economist and professor at George Mason University Together they devised an intelligent system to create and manage the worlds monetary systems on a global scale. It is still in its infancy as far as development is concerned depending on a critical mass of subscribers from across the world to ensure its ultimate acceptance and success.
They will also endeavor to take on board top monetary experts from around the world and corporations to commit to the new system. The currency will be the Q and the q like bit coins and other currencies will be measured in value against a standard which currently is the US dollar.
Watch your P’s and Q’s.
When I was young we were often told to mind our p’s and q’s which I believe had something to do with manners and being polite.
Nowadays we might say watch or mind your P’s and Q’s with a monetary interpretation. Mind your pennies or pounds and Q’s.
If we are going to mind them we will be wanting to have some idea of their value. We can all visualize and understand the value of a penny or a pound but what is a q worth?
Right at this moment it is not really worth anything but if the concept being proposed takes off it may have an equivalent value as the American dollar. This will only eventuate if the concept is embraced and takes off as a means of payment across countries around the world.
If you have spent anytime trading currencies you will know and understand how the value fluctuates and changes with economic activity. Many factors can come into play which will put either upward or downward pressure on a given currency such as interest rates going up and down, instability or volatility in the markets and wars or climatic disasters.
The value is determined by the velocity of the movement of money, how fast it changes hands. To determine the value of the Q we would need to measure the number of transactions and the speed with which those transactions are made. We cannot begin to estimate this yet as we do not know how well and enthusiastically the concept of using Q’s will be adopted as a way of making payments.
It is assumed that both purchasers and traders will prefer it to the use of credit cards which we currently have. If it gains acceptance and adoption globally it is projected to have a retail value between 5 and 20 trillion dollars.
Ultimately the concept is to adopt Q’s as a primary trading currency. This will only be achieved if and when it gains acceptance and adoption as a viable and safe way to trade. This will require offering incentives to gain appeal and making it understood by all. People want a stable currency that is easily understood and used.
Q’s are not a crypto currency. Many people have made money trading crypto currencies but others have lost money, it is envisaged that Q’s will be more stable and easy to use and less likely to lose value. The experience and misunderstanding of crypto currencies may deter many from adopting this new payment system and so much effort will need to be put into educating everyone about the concept and how it will facilitate trading in a global market.
Can we Trust Q’s?
When a given currency changes value rapidly it makes trading shaky and has a damaging effect on markets and eventually people lose trust in it and will look to other more stable forms of tender such as gold. Sound monetary policy is essential to maintain a level of security and trust.
Q’s are designed to be a global electronic currency and as such will also require sound management and monetary policy to remain stable. Q’s will not be affected by historical influences but rather by real time data ensuring its ongoing stability.
During this initial phase of the development of Initiative Q some currency will be issued free to people who grasp the concept and join. This will act as an incentive to encourage early adoption of the Initiative. Other incentives such as cash back rewards will be offered to gain more widespread use and acceptance.
The developers are offering for people to join now and issuing them with a worthwhile reward in Q’s which will increase as they in turn encourage others to join.
If you are reading this I would like to invite you to join for free and secure some q’s to add to your P’s.
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.
Here is my invite link :Initiative Q
This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.
When I joined up with Initiative Q this is the message I received and you can see the incentive, . This same incentive is available to anyone else who joins in these initial stages and it really does not cost you anything to join. It is totally free.
Hi Judy Edwards, welcome to the future of payments!
For the next 11 days you can invite and verify up to 3 friends and secure 5,216 for each. Your invite will allow them to also reserve Qs early, and help expand the Q network.
Invite people you know personally and secure an additional 15,650
16,952Out of your possible 65,208
Q target value is one USD per Q (Why?)
Below is a screen shot 0f the projected timeline for the introduction of Initiative Q: