Bozzlife: An oldie but is it a goodie?
Three years ago this idea of digital currency was so new and exciting. Okay, to be honest, it still is. We all know very well that back in late 2017/2018 projects were popping up right and left and people were jumping on board of ever single one they could find.
I wrote about Mannabase yesterday in my post. Today I am going to cover another one of those projects that popped up during this time.
Initiative Q was founded by Saar Wilf. According to their website he started his first payments startup in 1997 and later founded a company that was purchased by PayPal.
Initiative Q has an advisory board of industry experts that are supposed to guide the company in the right direction. We have heard all of this sort of stuff before right?
They even have a roadmap...
I mean, what good startup company wouldn't have a road map right?
Anyway, back in the day I did the obligatory sign up for them and I also did the obligatory referral link think to try and get my friends to sign up and earn some more Qbits (I don't know if that is what they are really called) myself.
I built up a pretty decent bag and then basically forgot about them until the other day when I was scrolling through my bookmarks and I saw the site on the list.
I figured, why not try it out and see if they still even have a site. I expected to click on the link and get some kind of 404 or "buy this domain" type error.
Imagine my surprise to find out the site still existed. On top of that, my login still worked.
Even more shocking was the fact that they now have a mobile app!
You can see here, I am either quite the underachiever or I just don't have that many friends/acquaintances, because I left about 252K Qbits hanging. If their vision comes to fruition of one Qbit equaling one US Dollar, then I am going to be really sad that I didn't work a little harder to find some friends.
If I remember correctly, this was one of the few programs like this back then that had some pretty strict policies for validating your "friends". It wasn't as easy as some other ones to create twenty accounts and just refer yourself.
Anyway, if you are heavy into the finance thing, feel free to visit their site and read through the FAQ's and that sort of thing. I am sure some of you folks on here will be able to poke some holes in their model that aren't apparent to me.
Quite honestly, I don't really expect Initiative Q to really amount to anything. I don't know what their end game would be besides collecting a large number of email addresses to sell to marketing companies, but after three years kicking around this place I have become quite the cynic.
I am impressed that they actually have a mobile app. After so many years there are far more successful projects that haven't even accomplished that. Plus, if they do happen to be successful then hey, I've got about 95,000 reason to be happy about that.
What do you think? Have you heard about Initiative Q? Did you sign up for it back in the day? Did you forget about it too like me?
Let's talk about it in the comments!
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@eos.detroit Staff Writer/BOID Team Leader
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