First I'll share my thoughts on Initiative Q
My opinion on this project is that it does not appear to be a cryptocurrency. It does not seem to have a fixed $1 price either so it's not a stable coin. The tax implications if the price fluctuates is also unknown as well. As I see it this project appears to be a competitor for Ripple not Bitcoin. I do not have confidence that they offer any technical or social advantages over Ripple and Ripple (and XRP) has a head start. Their marketing is similar to the marketing XRP did where they are giving free tokens of imaginary currency which they promise will have value some day. They target the price of $1 but in my opinion this price is extremely optimistic and we will be lucky to see 1 cent.
Notes: There will be 2 trillion Q so as a stock it will have to rise quite a bit. And it's not backed by 2 trillion dollars so those dollars have to come from somewhere else. You do the math.
That being said it looks like they are willing to pay for microtasks so it's low risk with high potential for reward. That is the reason for the following message below:
The following is a referral post promoted by Initiative Q
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: https://initiativeq.com/invite/HzeUE7O2m
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.
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