Initiative Q – An Honest Review on Cryptocurrency
If you look at the marketing pitches on social media introducing Initiative Q, you get the idea that the guys behind it fully believe this is going to be the next big thing on the virtual coin scene.
However, not everyone is excited with many of its critics finding an issue with its marketing and strategy for gaining a foothold. So what really is Initiative IQ, is it really a game changer or a scam?
This article explores the principles behind Initiative IQ, and its similarities and differences to other crypto money, its legitimacy as well as its potential. For starters, Initiative IQ will not make
you rich. You will not make billions from Initiative Q but you will be part of a great revolution with more like bonuses or a gift card. Initiative Q works by getting you ‘free’ currency once you sign up. To maximize on the value of what you already have, you need to get your friends and your social circle to sign up too.
This structure creates the impression of a multilevel marketing bid and to its critics, a pyramid scheme where only those at the top and pioneers get to benefit.
Is Initiative Q a Cryptocurrency?
Analyzing Initiative Q always brings comparisons to cryptocurrencies in the market especially the most successful one of them all, Bitcoin. By the basic definition, Initiative Q is a cryptocurrency. That is if you define cryptocurrencies by their use of a secure virtual ledger in place of the traditional
forms of currencies; coins and notes. Yet all the cryptocurrencies go a step further than just providing digital currencies in a ledger.
At the core of the cryptocurrency philosophy at least on the general side of things is to do away with the current system where there is a centralized system charged with the distribution and changing of the currency as is the current state with the traditional forms. Cryptocurrencies thus make use of blockchain technology to distribute the ledger across networks thus decentralizing the system and keeping it safe from hackers, governments and more importantly any one group that can manipulate or control the currency.
The Difference Between Initiative Q and Other Cryptocurrencies
While other cryptocurrencies like bitcoins work with a decentralized system, Initiative Q goes against the grain on the main issue. It adopts a central system for maintaining the ledger doing away with blockchain technology. The developers behind Initiative Q say this is for a reason.
First, there is the issue of reducing costs associated with blockchain technology. The environmental costs are an example. They are incurred when working out the algorithms to ensure the whole system is done correctly.
In turn, this creates a problem when dealing with fraud and reversals when settling disputes. With the Initiative Q, the value and legitimacy of the ledger are determined centrally. The other central idea for making the system central is the need to stabilize the value of the currency and limit the fluctuations witnessed in the other cryptocurrencies.
Should I Sign Up to Initiative Q?
Yes, you should. The concept is a novel one and very interesting. It builds on all the advantages of existing digital modes of payments like PayPal and currencies like Bitcoin. However, it needs to create a larger environment of users to pick up just like Bitcoin was in its formative years. So it is not a scam but an exciting new way to do things and its free to join.
It is worth being part of it?
There’s nothing to lose but if this payment system becomes a world leading payment method your Qs could be worth a lot.
If you missed getting bitcoin seven years ago, you wouldn’t want to miss this.
Where to Buy Cryptocurrency
Initiative Q is offering free units of the new digital currency but it’s invite only!
If you would like to get in on the action, here is my invite link: https://initiativeq.com/invite/HlxonPhza7 but please note, this link will stop working once I’m out of invites and I only have 5.