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Initiative Q

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Initiative Q is an attempt to create a new payment network and digital currency. It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal.[1][2][3] Q is backed by Cato Institute economist Lawrence H. White.[1]


The currency is marketed through chain email multi-level marketing,[4] and will not be released until a critical mass of adopters identify themselves.[2][5]


In October 2018, Frank Chung of wrote that the marketing style could be "perceived as a scam or pyramid scheme".[1] and Daniel Huszák of compared it to multi-level marketing without the fee – unless and until enough people sign up, the currency is valueless.[4] Owen Gough of Digital Spy wrote "Is Initiative Q real or fake? Short answer – we have absolutely no idea."[6]

Huszák enumerated potential problems with the scheme such as no clear crypto-currency security measures, unclear transaction/exchange costs, and potential for market manipulation by the largest holders of currency.[4]


  1. ^ a b c Chung, Frank (29 October 2018). "What is Initiative Q? Payment network insists it's not a 'pyramid scheme'". Archived from the original on 30 October 2018. Retrieved 1 November 2018.
  2. ^ a b Baumer, Lilach; Hirschauge, Orr (23 August 2018). "This serial founder wants to challenge Visa through a 'global currency' for the future". Retrieved 31 October 2018.
  3. ^ "eBay Acquires Fraud Sciences For $169 Million". TechCrunch. Retrieved 8 November 2018.
  4. ^ a b c Huszák, Daniel (31 October 2018). "Megőrül az internet az új fizetéses MLM-rendszerért - Kamu lenne?" [Will the Internet be crazy about a new MLM pay-per-view system - would it be Kamu?]. (in hungarian). Archived from the original on 31 October 2018. Retrieved 1 November 2018.
  5. ^ Kelly, Jemima (26 October 2018). "Initiative Q: an elementary pyramid scheme with grandiose ideas [Update]". FT Alphaville. Retrieved 31 October 2018.
  6. ^ Gough, Owen (2 November 2018). "What is Initiative Q: Is it the new bitcoin, or just one big fake scam?". Archived from the original on 1 November 2018. Retrieved 7 November 2018.

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