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New payment network Initiative Q offers 'free money' – should you sign up? - MSE News
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Former_MSE_Rosie
Posts: 105 Forumite
There has been a lot of buzz on social media recently about payment network Initiative Q, and its offer of 'free money' in the form of new currency Q, but don't count on it making you rich – see Martin Lewis' assessment...
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'New payment network Initiative Q offers 'free money' – should you sign up?'
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'New payment network Initiative Q offers 'free money' – should you sign up?'
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Comments
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From the article:
- For joining, at time of writing this is Q4,815, but the more people who join, the fewer initial Q you'll get.
- Then, refer up to five people and get a set number of Q (currently Q3,852) for each person who signs up.
- Unlock more invites once you've referred five people.
- After all your invites are used up, you'll then get extra Q for people who sign up via your referees' invite codes – you get Q for the 41st to 120th secondary referrals.
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What a load of complete tosh that thing is lol0
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It's probably not going to amount to anything but no harm in signing up, worst case scenario is you get soome spam emails or your password gets hacked, so use a different password, usual rules apply.
But you could equally say the same about Bitcoin.
If you'd seen this email in 2010 and was offered 1000 free Bitcoins, would you have signed up? They were worth about $0.008 when they launched, today that would make you a millionaire.
As I say, probably not going to amount to anything, but people buy lottery tickets.Make £2018 in 2018 Challenge - Total to date £2,1080 -
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Seems to be all over the internet ....like a rash...I refer to my byline below ...
Ad hominem
An attack upon an opponent in order to discredit their arguement or opinion. Ad hominems are used by immature and/or unintelligent people because they are unable to counter their opponent using logic and intelligence.0 -
Pyramid scheme.
The fact that they are not currently asking for real money is a sham. At some point, once Initiative Q has collected enough suckers' email addresses, they will start asking for real money. We know they will, because they are banging on about Qs eventually being worth real money, and the only way this will happen is for people to start paying real money in exchange for Qs.
After which the scheme proceeds in the usual way. See OneCoin, Bitconnect et al. Multi-level-marketing pyramid + cryptocurrency pretend money = scam, without a single exception.
Why is MSE promoting this?0 -
Malthusian is spot on! its just pyramid selling. but this time with currency itself and nothing else.
money for nothing. its never that easy.0 -
How exactly do they propose adding value to a currency they are giving away for free? I certainly won't be accepting Qs in payment for anything, and for the same reason nothing would induce me to buy any for real cash. I think the Hitchhikers Guide to the Galaxy sums their plan up nicely:“How can you have money,” demanded Ford, “if none of you actually produces anything? It doesn't grow on trees you know.”
“If you would allow me to continue.. .”
Ford nodded dejectedly.
“Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.”
Ford stared in disbelief at the crowd who were murmuring appreciatively at this and greedily fingering the wads of leaves with which their track suits were stuffed.
“But we have also,” continued the management consultant, “run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying one ship’s peanut."
Murmurs of alarm came from the crowd. The management consultant waved them down.
“So in order to obviate this problem,” he continued, “and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and. . .er, burn down all the forests. I think you'll all agree that's a sensible move under the circumstances."0 -
Malthusian wrote: »Pyramid scheme.
Why is MSE promoting this?
[FONT=Verdana, sans-serif]That's what I don't understand. This is not a money saving opportunity,[/FONT]
[FONT=Verdana, sans-serif]There are [STRIKE]80[/STRIKE] 101 odd anonymous bods on the referrers forum pleading with each other to 'vote for me'[/FONT]0 -
I've voted this as spam. I would have if anyone else posted it, dont see the difference just because its been posted by MSE.0
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