Pacland's Philippine Boxing Forum
http://forum.philboxing.com/

Competition of CryptoCurrency is coming
http://forum.philboxing.com/viewtopic.php?f=38&t=290519
Page 1 of 6

Author:  Man of Steel [ Sat Nov 10, 2018 6:28 am ]
Post subject:  Competition of CryptoCurrency is coming

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 (the amount drops as more people join - so better to join early). Signing up is free and they only ask for your name and an email address. There's nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot. If you missed getting bitcoin seven years ago, you wouldn't want to miss this.

Here is my invite link: https://initiativeq.com/invite/S-y17Ufp7

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

Author:  kulukuy [ Sat Nov 10, 2018 1:19 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

Be careful, guys and gals. If it's too good to be true, then it probably is.

Author:  Man of Steel [ Sun Nov 11, 2018 10:35 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

Yes, its good to be true. That's what they said about Bitcoin last 2010. :D

Author:  kulukuy [ Mon Nov 12, 2018 1:12 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

Comparing it to Bitcoin or other legit cryptos is LOL indeed! Wait, is it even a cryptocurrency? From the OP, I could already surmise that it has the MLM (Multi Level Marketing) scam...I mean...scheme. Just a few questions for you to answer before we could even start discussing this so-called tokens:

1. Was it fairly launched (no premine or ICO)? Can it be mined by anybody?
2. What is the emission scheme?
3. How are the tokens emitted?
4. What or rather who controls the emission?
5. Who are the developers or rather the perpetrators?
6. How much tokens do the perpetrators are hodling?
7. Is there an active blockchain?
8. Is there an official wallet?
9. Are the codes open source?
10. What type of consensus algorithm does it have?
11. What is its blockchain protocol?
12. How do you transmit the tokens and for the recipients to store it securely?

...and so on and so forth.

So far, all it has to go by for being legit is that it was perpetrated by some guys who used to work for PayPal and your insinuation that it is legit and would be successful because Bitcoin has been successful. Really?

Author:  kulukuy [ Mon Nov 12, 2018 3:15 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

As the late Emily Litella would have said, "never mind" (i.e. you don't have to answer the above questions). My initial assessment was right on track after all. I found this (one of many):

"Initiative Q" Is All The Bad Parts of Crypto and None of the Good Ones

https://breakermag.com/initiative-q-is-all-the-bad-parts-of-crypto-and-none-of-the-good-ones/

Author:  Man of Steel [ Mon Nov 12, 2018 7:47 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

Quote:
kulukuy wrote:
Comparing it to Bitcoin or other legit cryptos is LOL indeed! Wait, is it even a cryptocurrency? From the OP, I could already surmise that it has the MLM (Multi Level Marketing) scam...I mean...scheme. Just a few questions for you to answer before we could even start discussing this so-called tokens:

1. Was it fairly launched (no premine or ICO)? Can it be mined by anybody?
2. What is the emission scheme?
3. How are the tokens emitted?
4. What or rather who controls the emission?
5. Who are the developers or rather the perpetrators?
6. How much tokens do the perpetrators are hodling?
7. Is there an active blockchain?
8. Is there an official wallet?
9. Are the codes open source?
10. What type of consensus algorithm does it have?
11. What is its blockchain protocol?
12. How do you transmit the tokens and for the recipients to store it securely?

...and so on and so forth.

So far, all it has to go by for being legit is that it was perpetrated by some guys who used to work for PayPal and your insinuation that it is legit and would be successful because Bitcoin has been successful. Really?



You can call it whatever you want, that's what they said about credit card too :). Just keep posting my friend I need you reply LOL.

Author:  kulukuy [ Mon Nov 12, 2018 9:09 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

A credit card transaction is actually a loan given by the banksters to be paid back. What does your whatever-you-call-it-cuz-I-dont-know-exactly-what-it-is-yet has to offer other than hype? What innovation does it bring to the table? How many do you have to recruit into it? What downline position or level are you from the top of the pyramid...if you get my drift? Merely insinuating/hyping that it's gonna be as successful as or better than credit cards or Bitcoin is not enough for it to be taken seriously and in fact ridiculous. You gotta do better than that. It's not even a good scam because it's not even convincing in the slightest bit from the get-go. A good scam is.

OK. I"ll oblige. Let's do this a question at a time.

How is it created?

Author:  kulukuy [ Mon Nov 12, 2018 9:16 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

Ok. I'll oblige some more.

"“Initiative Q” Is All the Bad Parts of Crypto and None of the Good Ones
By David Z. Morris
11.06.2018

In 2017, Thanksgiving tables across America were buzzing with hype about bitcoin and cryptocurrency. In the wake of Crypto Winter, a new digital-currency project seems determined to generate the same sort of familial holiday hype: Initiative Q.

Initiative Q is a project headed by veteran payments entrepreneur Saar Wilf, who contributed tech to Paypal, and George Mason University economics professor Lawrence H. White. They propose to launch a digital currency—but they’re very vocal about the fact that it’s not a cryptocurrency, no way, no how.

They’re now aggressively recruiting people to “join” Initiative Q and reserve (for free) their future digital currency. To attract signups, Initiative Q is using pyramid-style recruiting, aggressive social marketing, and a pitch adopted from downmarket cryptocurrency projects. And it’s working: Though the project has been public since at least early summer, Google searches for “Initative Q” have exploded since October 14.

Alongside that interest, rightly, is concern that the operation might be a scam. There are certainly a fistful of red flags, but as even inveterate crypto-naysayer David Gerard grants, the folks running the show seem to really believe in what they’re building, and have a track record of achieving big things.

That, however, doesn’t change the fact that Initiative Q is a really bad idea, at several levels. At least as it’s presenting itself right now, Initative Q has adopted some of the worst elements of scammy altcoins, without even the thinnest pretense of technological or ideological innovation. Even if it’s not an out-and-out scam, it’s setting bad precedents, and it’s inherently rife with risks.

1. It’s Premised On Sketchy Hype
The way Initiative Q most resembles a patent-pending crypto scam is its active stoking of FOMO, or Fear of Missing Out. Its own marketing materials compare it to “getting free bitcoin seven years ago,” promoters spin estimates of the currency’s future value out of thin air, and they’ve structure their marketing so that “the earlier you join, the higher your reward.”

Whatever the creators’ intentions, this rhetoric is bound to attract the most credulous audience, and get them caught up in the excitement of shilling Initiative Q on Facebook and to every member of their extended family. It also doesn’t seem like a coincidence that Initiative Q echoes QAnon, a dangerous viral conspiracy theory that has taken over certain corners of social media in the past year-plus.

In short, brace yourself.

Related: For the Love of All That is Holy, Do Not Take Out a Crypto Mortgage on Virtual Land.

2. It’s Totally Centralized
This is where things get weird: Initiative Q is a digital currency that’s not blockchain-based. Instead, it touts itself as a payment network with a smartphone app, instant payments, and better fraud prevention than credit card companies. In fact, it links its fraud prevention specifically to the idea that it’s centralized, saying that by establishing “patterns of appropriate and inappropriate behavior,” Initiative Q will build “more reliable fraud assessment.”

Translation: They’re watching you. Granted, that’s just an enhanced version of what banks and credit cards do, but that’s exactly the problem: Q seems to be promising nothing more than doing “more of the same, but better,” which isn’t an actual innovation.

This structure also seems to make having its own currency entirely pointless. Bitcoin exists as its own currency because the system requires an internal way to incentivize a global swarm of ledger hosts. If the Initiative Q creators really just want to build a centralized payment network with a smartphone app and better fraud detection, there’s no discernible reason to create their own currency—except for the fact that they’re trying to have their cake and eat it too, leveraging crypto hype while shouting that they’re definitely not bitcoin.

More fundamentally, because Q will be a private currency, you won’t truly control the money you receive, either from the company or from anyone who pays you. The network could simply shut down at any point, or the admins could move your money into someone else’s account. There’s also no guarantee the operation would avoid the kind of legal intervention that destroyed earlier centralized digital currencies like E-Gold and Liberty Reserve.

Initiative Q’s loud pronouncements that it’s not a cryptocurrency are obviously a response to Crypto Winter, and retail investors’ disillusionment. But its creators also seem completely blind to why people care about cryptocurrency in the first place.

3. Its Marketing is Shady
Initiative Q’s creators may be on the level, but they’ve presented their plans to the world with all the trappings of a scam. You can only “join” Initiative Q if you’re “recruited,” and each new joiner gets five invites to send out to friends … and recruiting others rewards you with more future “Q” currency. Even without a buy-in price, that’s quite literally a pyramid scheme.

Further, Initiative Q has been aggressive in using barrel-scraping content marketing tactics. Last week, to give just one example, this article showed up on the Forbes contributor network. Though the author of the piece says she wasn’t paid for it by Initiative Q, the sad truth is that anything from Forbes that’s not written by staff and published by the U.S. brand should at this point be regarded as disguised marketing materials, because they seem to exercise zero effective oversight over their global clickbait network.

4. It’s Not Anonymous
Initiative Q quells doubters by pointing out that they’re not selling anything—they’re just asking for your name and email address so they can keep you in the loop when the currency is launched. But as Gerard sagely points out, this trove of names and emails is both a giant honeypot for hackers and, if the operation goes bust, a list of people interested in get-rich-quick schemes that could be extremely lucrative for more overt scammers.

This is another nearly comical way the creators of Initiative Q seem to have missed the core source of the cryptocurrency enthusiasm they’re trying to use to leverage their weird non-crypto. The reality of exchanges and blockchain forensics has complicated the picture, but if there wasn’t at least the possibility of anonymous digital transactions—that is, digital cash—nobody would give a damn about cryptocurrency.

5. It Has No Technology
I’ll wrap up here by again citing David Gerard, who, despite his resistance to the charms of cryptocurrency, does seem to know his way around a payment system. As he points out, Initiative Q “don’t have anything as yet, except the notion of ‘build a payment network and it’ll be awesome.” Second, also per Gerard, many of the things Q is promising to build already exist in the form of Apple Pay, Google Pay, AI fraud prevention, and smartcard systems. In Gerard’s words, “It’s utterly unclear what unsolved problem Q is meant to address.”

In the end, then, the only interesting thing about Initiative Q is its architects’ decision to pitch it as “sort of like a cryptocurrency, but definitely not a cryptocurrency.” There’s an endless well of frustrated greed in the world, and for a time, cryptocurrency was the vehicle and object for that greed. What Initiative Q’s creators seem to have wholly missed is that there’s a whole lot more to it than that."

https://breakermag.com/initiative-q-is-all-the-bad-parts-of-crypto-and-none-of-the-good-ones/

Author:  Man of Steel [ Mon Nov 12, 2018 9:23 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

Quote:
kulukuy wrote:
Ok. I'll oblige some more.

"“Initiative Q” Is All the Bad Parts of Crypto and None of the Good Ones
By David Z. Morris
11.06.2018

In 2017, Thanksgiving tables across America were buzzing with hype about bitcoin and cryptocurrency. In the wake of Crypto Winter, a new digital-currency project seems determined to generate the same sort of familial holiday hype: Initiative Q.

Initiative Q is a project headed by veteran payments entrepreneur Saar Wilf, who contributed tech to Paypal, and George Mason University economics professor Lawrence H. White. They propose to launch a digital currency—but they’re very vocal about the fact that it’s not a cryptocurrency, no way, no how.

They’re now aggressively recruiting people to “join” Initiative Q and reserve (for free) their future digital currency. To attract signups, Initiative Q is using pyramid-style recruiting, aggressive social marketing, and a pitch adopted from downmarket cryptocurrency projects. And it’s working: Though the project has been public since at least early summer, Google searches for “Initative Q” have exploded since October 14.

Alongside that interest, rightly, is concern that the operation might be a scam. There are certainly a fistful of red flags, but as even inveterate crypto-naysayer David Gerard grants, the folks running the show seem to really believe in what they’re building, and have a track record of achieving big things.

That, however, doesn’t change the fact that Initiative Q is a really bad idea, at several levels. At least as it’s presenting itself right now, Initative Q has adopted some of the worst elements of scammy altcoins, without even the thinnest pretense of technological or ideological innovation. Even if it’s not an out-and-out scam, it’s setting bad precedents, and it’s inherently rife with risks.

1. It’s Premised On Sketchy Hype
The way Initiative Q most resembles a patent-pending crypto scam is its active stoking of FOMO, or Fear of Missing Out. Its own marketing materials compare it to “getting free bitcoin seven years ago,” promoters spin estimates of the currency’s future value out of thin air, and they’ve structure their marketing so that “the earlier you join, the higher your reward.”

Whatever the creators’ intentions, this rhetoric is bound to attract the most credulous audience, and get them caught up in the excitement of shilling Initiative Q on Facebook and to every member of their extended family. It also doesn’t seem like a coincidence that Initiative Q echoes QAnon, a dangerous viral conspiracy theory that has taken over certain corners of social media in the past year-plus.

In short, brace yourself.

Related: For the Love of All That is Holy, Do Not Take Out a Crypto Mortgage on Virtual Land.

2. It’s Totally Centralized
This is where things get weird: Initiative Q is a digital currency that’s not blockchain-based. Instead, it touts itself as a payment network with a smartphone app, instant payments, and better fraud prevention than credit card companies. In fact, it links its fraud prevention specifically to the idea that it’s centralized, saying that by establishing “patterns of appropriate and inappropriate behavior,” Initiative Q will build “more reliable fraud assessment.”

Translation: They’re watching you. Granted, that’s just an enhanced version of what banks and credit cards do, but that’s exactly the problem: Q seems to be promising nothing more than doing “more of the same, but better,” which isn’t an actual innovation.

This structure also seems to make having its own currency entirely pointless. Bitcoin exists as its own currency because the system requires an internal way to incentivize a global swarm of ledger hosts. If the Initiative Q creators really just want to build a centralized payment network with a smartphone app and better fraud detection, there’s no discernible reason to create their own currency—except for the fact that they’re trying to have their cake and eat it too, leveraging crypto hype while shouting that they’re definitely not bitcoin.

More fundamentally, because Q will be a private currency, you won’t truly control the money you receive, either from the company or from anyone who pays you. The network could simply shut down at any point, or the admins could move your money into someone else’s account. There’s also no guarantee the operation would avoid the kind of legal intervention that destroyed earlier centralized digital currencies like E-Gold and Liberty Reserve.

Initiative Q’s loud pronouncements that it’s not a cryptocurrency are obviously a response to Crypto Winter, and retail investors’ disillusionment. But its creators also seem completely blind to why people care about cryptocurrency in the first place.

3. Its Marketing is Shady
Initiative Q’s creators may be on the level, but they’ve presented their plans to the world with all the trappings of a scam. You can only “join” Initiative Q if you’re “recruited,” and each new joiner gets five invites to send out to friends … and recruiting others rewards you with more future “Q” currency. Even without a buy-in price, that’s quite literally a pyramid scheme.

Further, Initiative Q has been aggressive in using barrel-scraping content marketing tactics. Last week, to give just one example, this article showed up on the Forbes contributor network. Though the author of the piece says she wasn’t paid for it by Initiative Q, the sad truth is that anything from Forbes that’s not written by staff and published by the U.S. brand should at this point be regarded as disguised marketing materials, because they seem to exercise zero effective oversight over their global clickbait network.

4. It’s Not Anonymous
Initiative Q quells doubters by pointing out that they’re not selling anything—they’re just asking for your name and email address so they can keep you in the loop when the currency is launched. But as Gerard sagely points out, this trove of names and emails is both a giant honeypot for hackers and, if the operation goes bust, a list of people interested in get-rich-quick schemes that could be extremely lucrative for more overt scammers.

This is another nearly comical way the creators of Initiative Q seem to have missed the core source of the cryptocurrency enthusiasm they’re trying to use to leverage their weird non-crypto. The reality of exchanges and blockchain forensics has complicated the picture, but if there wasn’t at least the possibility of anonymous digital transactions—that is, digital cash—nobody would give a damn about cryptocurrency.

5. It Has No Technology
I’ll wrap up here by again citing David Gerard, who, despite his resistance to the charms of cryptocurrency, does seem to know his way around a payment system. As he points out, Initiative Q “don’t have anything as yet, except the notion of ‘build a payment network and it’ll be awesome.” Second, also per Gerard, many of the things Q is promising to build already exist in the form of Apple Pay, Google Pay, AI fraud prevention, and smartcard systems. In Gerard’s words, “It’s utterly unclear what unsolved problem Q is meant to address.”

In the end, then, the only interesting thing about Initiative Q is its architects’ decision to pitch it as “sort of like a cryptocurrency, but definitely not a cryptocurrency.” There’s an endless well of frustrated greed in the world, and for a time, cryptocurrency was the vehicle and object for that greed. What Initiative Q’s creators seem to have wholly missed is that there’s a whole lot more to it than that."

https://breakermag.com/initiative-q-is-all-the-bad-parts-of-crypto-and-none-of-the-good-ones/


LOL What is the difference between the cut and paste you did and the link? https://breakermag.com/initiative-q-is- ... good-ones/ ?

Author:  kulukuy [ Mon Nov 12, 2018 9:35 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

Come to think of it, the mods should delete this thread and ban the OP (original poster). There is nothing "Tech" about it nor does it have any tech innovation to offer. It is purely a pyramid/MLM scheme...ummm...scam. Nothing more.

Author:  kulukuy [ Mon Nov 12, 2018 9:58 am ]
Post subject:  Re: Competition of CryptoCurrency is coming

The title of this thread is even disingenuous; a hallmark of a scam.

"Competition of CryptoCurrency is coming"? FYI, it already started in 2011 when the first few altcoins (Namecoin, Litecoin, etc.) were released.

What the OP is shilling is not even a cryptocurrency.

Author:  Man of Steel [ Mon Nov 12, 2018 1:42 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

Not Crypto eh? Man you need to read bud! Ok, since you keep this thread active let me do a research for you. Check this link and see its supply.

https://etherscan.io/token/0xe32885d4ef ... 36e25ef42d

Keep this thread alive. LOL Thank you.

Author:  PeluBoy [ Mon Nov 12, 2018 1:52 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

para magkaalaman i-poll na yan


























ang matalo lifetime ban :lol:

Author:  JABEZJ [ Mon Nov 12, 2018 3:21 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

Hindi naman siguro exclusive lang for bitcoin ang Pacland?

Let the poster post..
Malay natin he is posting something which will be good in the long run..

Author:  PeluBoy [ Mon Nov 12, 2018 3:30 pm ]
Post subject:  Re: Competition of CryptoCurrency is coming

for Man of Steel

1. JABEZ




for kulukuy

0.


mainitan ang laban :lol:

Page 1 of 6 All times are UTC + 8 hours
Powered by phpBB® Forum Software © phpBB Group
https://www.phpbb.com/