Initiative Q- new payment system, any thoughts?
Discussion
EddieSteadyGo said:
roadsmash said:
Nothing worse than someone who deletes their posts to strengthen their argument.
Next!
There is nothing worse than a forum newbie who gets belligerent with existing members who are commenting on the topic of the thread! Next!
Just makes you look a bit silly, and you've done it a couple of times on this thread already.
When you die, you can't take your post count with you
Kewy said:
Sorry mate but your forum status means absolutely nothing. As does calling out members as 'newbies' or suggesting that you are somehow higher up the status ladder due to your time served or post count.
Just makes you look a bit silly, and you've done it a couple of times on this thread already.
When you die, you can't take your post count with you
You can take all those lovely Q's though, as they are nothing now and will also be nothing when you croak.Just makes you look a bit silly, and you've done it a couple of times on this thread already.
When you die, you can't take your post count with you
Dromedary66 said:
Kewy said:
Sorry mate but your forum status means absolutely nothing. As does calling out members as 'newbies' or suggesting that you are somehow higher up the status ladder due to your time served or post count.
Just makes you look a bit silly, and you've done it a couple of times on this thread already.
When you die, you can't take your post count with you
You can take all those lovely Q's though, as they are nothing now and will also be nothing when you croak.Just makes you look a bit silly, and you've done it a couple of times on this thread already.
When you die, you can't take your post count with you
I clearly remember the same conversations happening about bitcoin, oh and pretty much every revolutionary idea that may or may not amount to anything.
The internet was worthless and wouldn't take off according to most sceptics at the time.
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
Voice your opinion of course but if you're that hung up on it being 'pointless' or a 'waste of time' then I'm confused as to why you are wasting your precious energy on the opposing opinion? Just move on, surely?
Kewy said:
May or may not be!
I clearly remember the same conversations happening about bitcoin, oh and pretty much every revolutionary idea that may or may not amount to anything.
The internet was worthless and wouldn't take off according to most sceptics at the time.
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
Voice your opinion of course but if you're that hung up on it being 'pointless' or a 'waste of time' then I'm confused as to why you are wasting your precious energy on the opposing opinion? Just move on, surely?
One man said that. One. I clearly remember the same conversations happening about bitcoin, oh and pretty much every revolutionary idea that may or may not amount to anything.
The internet was worthless and wouldn't take off according to most sceptics at the time.
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
Voice your opinion of course but if you're that hung up on it being 'pointless' or a 'waste of time' then I'm confused as to why you are wasting your precious energy on the opposing opinion? Just move on, surely?
As for why people are posting? It's a discussion forum, not an echo chamber.
rsbmw said:
Fairly balanced view from Martin Lewis for anyone who cares
https://www.moneysavingexpert.com/news/2018/10/ini...
Mirrors my own view of "there's really no harm signing up on the off chance, but won't be holding my breath".
Spot on.https://www.moneysavingexpert.com/news/2018/10/ini...
Mirrors my own view of "there's really no harm signing up on the off chance, but won't be holding my breath".
Kewy said:
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
I'm lazier than the next man, but spamming internet links on an internet motoring forum doesn't quite strike me as entrepreneurial "leaving the comfort zone behaviour" to be honest. Can't see what the issue is personally - no money changing hands and no doubt we'll find out more once it goes live. Guessing whatever happens then it's the early bird that gets the worm.
Here's an up to date sign up with free places if the links above have filled up:
https://initiativeq.com/invite/SbBZGby67
Here's an up to date sign up with free places if the links above have filled up:
https://initiativeq.com/invite/SbBZGby67
rsbmw said:
Fairly balanced view from Martin Lewis for anyone who cares
https://www.moneysavingexpert.com/news/2018/10/ini...
Mirrors my own view of "there's really no harm signing up on the off chance, but won't be holding my breath".
This is exactly how I see it too. No harm in signing up as you are not losing anything if you do and maybe might gain something in the future...https://www.moneysavingexpert.com/news/2018/10/ini...
Mirrors my own view of "there's really no harm signing up on the off chance, but won't be holding my breath".
3 slots left for anyone else who is wanting to sign up.
https://initiativeq.com/invite/BGQ2HVvhm
robbieduncan said:
Can you verify me, plesase?Too Late said:
Thanks, just registered!Thought I would give this a go..
https://initiativeq.com/invite/rBkUBT2sm
5 left for anyone interested.
https://initiativeq.com/invite/rBkUBT2sm
5 left for anyone interested.
Kewy said:
May or may not be!
I clearly remember the same conversations happening about bitcoin, oh and pretty much every revolutionary idea that may or may not amount to anything.
The internet was worthless and wouldn't take off according to most sceptics at the time.
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
Voice your opinion of course but if you're that hung up on it being 'pointless' or a 'waste of time' then I'm confused as to why you are wasting your precious energy on the opposing opinion? Just move on, surely?
Bitcoin will trend towards worthless - has been doing for a while - and it has totally failed to achieve any success as a means of payment, or storing or transferring value. I have no idea why people are still buying it, although if you look at the traded volume its tiny, and people on both sides are just holding their positions, hoping for the best. I clearly remember the same conversations happening about bitcoin, oh and pretty much every revolutionary idea that may or may not amount to anything.
The internet was worthless and wouldn't take off according to most sceptics at the time.
Now I'm not comparing this to the internet but roadsmash hit the nail on the head of the 'type' of people who are too scared to leave their comfort zone but feel the need to attempt to belittle people who do.
Voice your opinion of course but if you're that hung up on it being 'pointless' or a 'waste of time' then I'm confused as to why you are wasting your precious energy on the opposing opinion? Just move on, surely?
As for the internet, or 'most things' as you so put it, at least there are observable benefits when the tech is introduced. People could see the internet had a use, it was developed by the military then taken on by universities. Business could see the benefits over existing methods of communication too.
So, could you tell me any benefits of Q over existing technology?
I have no interest in belittling anyone, non of my posts have been personal attacks - unlike a lot of the posting sign up links - but its a discussion forum, and asking questions is kinda the point. If someone could say 'its better for these reasons' then I could see the point, but even the developers seem to be struggling to define any benefits, let alone any of the people signing up.
Looks a bit like religion - 'Believe me because I say so, despite the lack of proof or evidence. In future you'll understand'.
Condi said:
Bitcoin will trend towards worthless - has been doing for a while
On the contrary, Bitcoin has been pretty much steady around £5k per coin for around 6 months, certainly not trending in any direction.Also the only 'against' arguments I've seen are either data privacy, which is pretty much a non issue with a random email address, or a failure to see the benefit which has been compared only with the UK system (which is pretty good) and not as a global platform. Anyway, all of your questions are addressed on their own website.
Is it guaranteed to succeed? Absolutely not, but the chance is non zero and for no risk I'd rather be in the "hmm, glad I signed up for that", than the "damn, wish I hadn't made a whole bunch of assumptions and decided it was idiotic" camp.
Edited by rsbmw on Wednesday 7th November 15:48
Sign up link from an early adopter here (meaning you'll be higher up the pyramid I guess - if indeed there is such a thing). Couple of spaces left:
https://initiativeq.com/invite/SbBZGby67
Browser currently open so can verify you within minutes
https://initiativeq.com/invite/SbBZGby67
Browser currently open so can verify you within minutes
rsbmw said:
On the contrary, Bitcoin has been pretty much steady around £5k per coin for around 6 months, certainly not trending in any direction.
Also the only 'against' arguments I've seen are either data privacy, which is pretty much a non issue with a random email address, or a failure to see the benefit which has been compared only with the UK system (which is pretty good) and not as a global platform. Anyway, all of your questions are addressed on their own website.
Is it guaranteed to succeed? Absolutely not, but the chance is non zero and for no risk I'd rather be in the "hmm, glad I signed up for that", than the "damn, wish I hadn't made a whole bunch of assumptions and decided it was idiotic" camp.
Their website answers very few questions, and tbh raises far more questions than answers. So 80% of the middle east has no bank account. Fine, but without a bank account how do they convert the cash they are paid in to Q dollars? 79% of European retail transactions are in cash. In one of the most developed parts of the world, where almost everyone has access to a bank account and debit cards, this suggests that consumers dont want to use it, rather than the technology is restrictive. Also the only 'against' arguments I've seen are either data privacy, which is pretty much a non issue with a random email address, or a failure to see the benefit which has been compared only with the UK system (which is pretty good) and not as a global platform. Anyway, all of your questions are addressed on their own website.
Is it guaranteed to succeed? Absolutely not, but the chance is non zero and for no risk I'd rather be in the "hmm, glad I signed up for that", than the "damn, wish I hadn't made a whole bunch of assumptions and decided it was idiotic" camp.
https://initiativeq.com/knowledge/payment-network
So many promises, so little detail, no acknowledgement of any of the regulation they need to be abide by to be used as a payment system. All being work on by a team of 8. A release date 3 years away. Do you not think that the world is getting rather overexcited?
While I agree there are very few 'against' arguments, I will eat a very large hat if it ever does 1/4 of what it promises. Anyone can write a website and come up with some ideas.
Interestingly I found this on the Q website - would anyone who told me that it definitely WASN'T a cryptocurrency like to comment?
Q website said:
Periodically, all agents settle their outstanding balance over the Q internal network. This settlement may utilize a blockchain ledger, enjoying the advantages of cryptocurrency while protecting customers from its many shortcomings
Behemoth said:
It says *may*. If you can't read between the lines of poorly constructed marketing waffle, all is lost.
It does say 'may'. But given everything else is also a 'may', thats obviously their best idea of what technology they're going to use. Tbh, if they themselves cant tell you how the very building blocks of the system are going to work their plan is considerably less advanced than it first appears. Surely that is step 1 - if the underlying clearing of transactions doesnt work or isnt practical, nothing else can work on top of it.
Anyone want some magic beans?
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