Below is the roadmap published on Initiative Q's website. According to the roadmap the recruitment campaign of the scheme is about to end. The next phase, starting in the mid 2019, should be development of payment network.
|The roadmap of Initiative Q. (click to enlarge)|
Initiative Q has been awkwardly silent ever since traffic to the website started to plummet after peaking in the late 2018. The latest post on the official Facebook page has been published in March 2019.
Google Trends show that there hasn't been much interest towards Initiative Q for about six months.
Professors making fools of themselves
On Initiative Q's webpage there are four people introduced as being the economists behind Initiative Q. They all seem to be real people.
Being the economists behind this ridiculousness I'd sure like to hear them explaining how Initiative Q is supposed to work. After all, they are the ones giving their names and faces to this "self-fulfilling prophecy" that no-one should miss.
Let's go through some known facts that I find worth mentioning.
We don't know exactly how many people have joined the scheme by now. However, in November 2018 Initiative Q announced reaching 5 million users. At the time Initiative Q was giving away its future currency claiming that each position was going to have an estimated future value of over 19.000 dollars.
In January 2019 the website announced that over 6 million people had joined Initiative Q. At the time the scheme was gifting the people joining with positions of estimated future value of over 17.000 euros. An article published in early June let's us know that Initiative Q has 7 million registered users. Currently Initiative Q is gifting new members with positions worth about 16.500 imaginary dollars.
If I understood the system correctly each user gets 10 % of the currency reserved for a position just by joining. The rest must be earned by recruiting more people to join (and finishing possible other tasks).
This means that even with the minimum amount of the currency given to each member Initiative Q has given away its currency for a total amount of way more than 12 billion dollars – based on the imaginary value of the currency.
Whether there would be 7 million or even 100 million people as members is meaningless in my opinion. There would still be nothing backing up the value the project has self-proclaimed.
Although stupidity is an endless resource I find it hard to believe that anyone would take this scheme seriously enough to start investing real money in to this... Unless they would develop it into OneCoin like ponzi-pyramid scheme. Still, it would only be yet another scam.
|Initiative Q celebrating reaching 5 million users in November 2018.|
|Screencap from the website in January 2019.|
Now, I would really like to ask these professors of foolishness that how is this nonsense supposed to become a reality?
Meanwhile Saar Wilf goes Bzigo
The man behind the idea of Initiative Q, Saar Wilf, has been silent about the project as well. It seems that he has been lately more interested in the future of killing insects.
At first I thought this was a lousy and somewhat disturbing parody ad but it now seems that it is a genuine thing that Saar Wilf has put his heart and mind into:
Well, I don't think that a device that is only designed to locate mosquitos is going to be a success, but then again I might be dead wrong and this might only be another self-fulfilling prophecy about to happen.