Last week, Modern Consensus published a deep dive into a strange scheme called “Initiative Q” that promised new users the ability to get $20,000 for free. When we called them out for deceptive marketing, we expected to hear some brushback via a Medium post. We thought they might post some kind of reply on Twitter. However, we didn’t expect that Initiative Q CEO Saar Wilf would give us his personal Skype and set up a meeting with us on a Sunday. We think it’s pretty gutsy to Skype with the people who tore your company apart, so we gave him an interview. In brief: Initiative Q is a bit of…
Don’t fall for Initiative Q, the newest ‘get rich quick’ scheme making the rounds on the Internet
They’re not really giving away free money but they are taking all of your contacts
Maybe you‘ve seen these get-rich-quick messages from a number of friends on social media. They’re giving you one of their few invites to something called “Initiative Q.” It’s often with a link they want to tell all their friends about. If you share to Facebook, it automatically has “you” say this mouthful, word-for-word: “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…
