Initiative Q & The Coming Changes to The Global Monetary System
What is Initiative Q ?
Is it a Cryptocurrency ?
No, it is not a cryptocurrency, and it is not on the blockchain. Initiative Q is a digital currency treated more like your fiat dollars instead of a commodity which cryptocurrency is currently being classified as by most government and financial institutions; especially in the US.
What are it's goals ?
To simplify, secure, and update the way we conduct e-commerce. To open up the global economy to under developed nations, and revolutionize the way we spend money.
They compare it to the way credit cards changed the money system when they were first introduced in the 1950' s.
Who can use it ?
It can be used by anyone with a smartphone which is very important to people on a budget , or people who don't have access to a home computer, or laptop. This feature is very important in under developed countries where this access is extremely limited.
How much is it worth ?
Right now it doesn't have monetary value, but the goal is to eventually match it 1:1 with the USD similar to the way that today's stable coins work.
Who started this Initiative Q ?
The project is founded by e-commerce pioneer Saar Wilf , founder of Fraud Sciences, an online verification and fraud prevention technology that he sold to PayPal in 2008 for a cool $169 million usd.
You can read more about Saar Wilf in the articles I linked in the resource section of this post. The information I got from these sources were invaluable to writing this article.
Always remember to DYOR , otherwise known as , "Do Your Own Research " here in the CryptoVS.
How did this whole long post come about you ask ?
After reading a blog post on Publish0x about Initiative Q this past weekend I spent the rest of my Sunday afternoon researching what this Initiative Q was, and how it worked.
Why hadn't I heard about the project sooner?
Why was FUD popping up in the comments section almost immediately?
I had to know!
It's always easy to dismiss something as a scam when you don't understand it, or you are set to lose something if the current system is changed.
So why all the negative attention, and who was it coming from?
I found most of the FUD is coming from two key areas :
The first one being the average person that is just too lazy to properly research the platform and invest any of their time into learning something new. They are really of no consequence to us.
Change is coming to the way we define and use our money; there is no way around this. Just look at what happened in Australia recently if you doubt big changes are on the way. They want to ban cash transactions of $10,000 or more , and if you evade the law they want to throw you prison for 2 years! The bill is officially called " The Currency Restrictions on the Use of Cash Bill 2019 " and it was supposed to go into effect in January of 2021 .
Luckily for the citizens of AU their Senate rejected the bill , but trust me, it's going to come up again. This is literally right out of Orwell's 1984. Yes, You read that correctly , prison time for spending your own money ! The possibility of this alone should send shivers down your spine.
IQ may not end up being the next Bitcoin, and that is fine, that is not their intention. The goal of IQ is to be what Bitcoin was envisioned to be from it's inception; a new form of digital currency.
The change is going to happen, and it's going to happen fast. Wasting time arguing with these kind of people who are stuck in their cognitive dissonance will only impede you in your quest for knowledge. Your best to just ignore them.
The second source of this FUD is coming from big bank backed publications like Forbes , and the mainstream corporate journalists that shill their propaganda. That alone is a pretty good indicator of where all of this is headed. When something stands to threaten the status quo these agents of deceit are dispatched to spread the FUD to the gullible masses.
Once the consumer, and the seller agree on a new way of conducting business the banking industry is going to be forced to adapt, or they are going to go the way of brick and mortar retailers that refused to recognize the importance of the first e-commerce revolution.
The change is already here for those willing to recognize it. It's up to you to take advantage of the head start.
With all of the recent new tech available like Web2.0 , Decentralized Finance ( DeFi ) Dapps, Token Staking , etc it scares the hell out of the big banks because they stand to lose the most money on their outrageous fees, and interest rates. They also cannot manipulate the markets as easily or steal your money through inflation that you earned with your hard work!
How will it help the global economy grow?
One of the most important ways it help grow the global economy is by targeting impoverished areas of high population first giving them a chance to finally participate in a truly open money system.
Will it succeed ?
Even if the Q Initiative itself fails the change to the way we use money is coming, and it's coming if you like it or not. Best to diversify.
"But they will sell your data"
Yes, and they admit this. It is one of the main ways they intend to entice investors when they get to that point in the project.
So does Facebook, Twitter , Google, Apple , and every other "free" service, or app you use. It's common practice.
Well as you can see , what started out as simple research into a new project spiraled into a whole exposé on the coming changes to the global monetary system.
So, who can join , and what do you need to do to sign up?
Anyone can join, but right now new members are by invite only.
Comment below if you want an invite. I only have a few left , so it's first come first serve. Instead of spam the invite code all over my social media, I would rather offer them to members of Publish0x first.
The mobile app is verified safe, and supported by Apple iTunes, and Google Play store.
My experience so far :
No, it's not a scam, no it is not a " get rich quick " scheme. No, it's not a pyramid scheme, and no , there is no monetary investment from you.
You only need your legal name and a valid email address. Very simple sign up.
Links provided in Resource section at the bottom of the post.
I also included the link to the Forbes article with all of the FUD so you can see how they go into attack mode.
Apparently their great economic experts don't even know how a Pyramid scheme operates.
Please comment below if you or someone you know signed up for the Initiative Q project , or you want me to send you an invite to join.
I won't be responding to any comments calling it a scam. As I mentioned before. DYOR.
