The Q Payment Network

by Nagendradutt Sharma Home Business Consultant

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/BMFkR1G3X

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.

Initiative Q's roadmap is based on a series of steps towards widespread use of the Q currency. Each step is designed such that participants will view its fulfillment as a rational decision, given completion of the previous steps and the Q incentives they receive.

Q’s main monetary instruments:

Releasing Qs — Members who join Initiative Q can reserve Qs for free, with the specific number varying based on how early they join. These Qs will be released gradually as economic activity grows, enabling their use on the Q network and thus increasing the active current money supply.

Activity incentives — Additional Qs can be issued to incentivize activities that promote network growth, such as a cashback reward on purchases, a bonus on conversion from other currencies, etc. This effectively creates a discount on Q-based purchases, which in turn attracts economic activity, which then requires issuing more Qs and so on. This positive feedback loop could fuel rapid growth of the network until it becomes a payment standard and can grow solely on the merit of its technological advantages.

Open market operations — The committee can increase or decrease the amount of Qs in circulation by directly buying or selling Qs in return for other currencies. The committee can also sell future grants of Qs, at a discounted rate, to accredited investors. These Qs will then be released as economic activity grows, similar to the Qs reserved for new members.

In general, these monetary instruments offer much better and more direct control of the money supply than those used by today’s central banks. Central banks are bound by the historical limitations of the fractional reserve system — a system that requires them to operate through private banks. This results in long response cycles and unpredictable inflation.