Rukero
Process Automator
LEVEL 1
300 XP
Initiative Q is building a new payment network and giving away significant sums of their future currency
Here is a little overview of it along with the invite only link
Initiative Q’s payment model
Initiative Q is creating a modern payment network that will aggregate the best ideas, innovations, and technologies developed in recent years. The Q payment network will allow safe, fast, and low-cost transactions, using a global currency.
Many of the ideas that Initiative Q will include already exist in some form, but thus far they have gained only limited acceptance, and there is no universal system that integrates them all. This is due to a classic chicken and egg barrier: No buyer wants to join a new network with no sellers, and no seller will offer a payment option that no buyer uses. Initiative Q will overcome this barrier by distributing its currency—Q—for free to early adopters, creating incentive for its adoption and use.
What is your estimate of the Q value based on?
The reasoning behind the estimated future value of the Q payment network can be summarized as follows:
The payment world is stuck with decades old technologies, since it is very difficult to get buyers to adopt a new technology that sellers don’t yet support and vice versa.
Q solves this problem by compensating early adopters with future currency. This enables the building and adoption of a payment network that is far superior to current ones.
A payment network that is both superior technologically, and widely adopted, would be preferred by both buyers and sellers.
It is realistic to expect that such a network would eventually overtake credit cards, which account for $20 trillion in annual transactions.
The total amount of money in the world is roughly half the world’s annual economic activity. The value of all Q currency could thus reach half of Q’s annual volume (i.e. $10 trillion).
An alternative data point is the value of cryptocurrencies which peaked at nearly $1 trillion, despite hardly being used for real payments (nearly all activity is speculation).
Therefore, the total future value of Qs could reach a few trillion dollars. Since there are currently 2 trillion Qs, the goal of one US dollar per Q is achievable.
It’s by invite only https://initiativeq.com/invite/rP4Xc5rOm
Here is a little overview of it along with the invite only link
Initiative Q’s payment model
Initiative Q is creating a modern payment network that will aggregate the best ideas, innovations, and technologies developed in recent years. The Q payment network will allow safe, fast, and low-cost transactions, using a global currency.
Many of the ideas that Initiative Q will include already exist in some form, but thus far they have gained only limited acceptance, and there is no universal system that integrates them all. This is due to a classic chicken and egg barrier: No buyer wants to join a new network with no sellers, and no seller will offer a payment option that no buyer uses. Initiative Q will overcome this barrier by distributing its currency—Q—for free to early adopters, creating incentive for its adoption and use.
What is your estimate of the Q value based on?
The reasoning behind the estimated future value of the Q payment network can be summarized as follows:
The payment world is stuck with decades old technologies, since it is very difficult to get buyers to adopt a new technology that sellers don’t yet support and vice versa.
Q solves this problem by compensating early adopters with future currency. This enables the building and adoption of a payment network that is far superior to current ones.
A payment network that is both superior technologically, and widely adopted, would be preferred by both buyers and sellers.
It is realistic to expect that such a network would eventually overtake credit cards, which account for $20 trillion in annual transactions.
The total amount of money in the world is roughly half the world’s annual economic activity. The value of all Q currency could thus reach half of Q’s annual volume (i.e. $10 trillion).
An alternative data point is the value of cryptocurrencies which peaked at nearly $1 trillion, despite hardly being used for real payments (nearly all activity is speculation).
Therefore, the total future value of Qs could reach a few trillion dollars. Since there are currently 2 trillion Qs, the goal of one US dollar per Q is achievable.
It’s by invite only https://initiativeq.com/invite/rP4Xc5rOm