Initiative Q (Ofer Abarbanel online library)

Initiative Q is an attempt to create a new payment network and digital currency.[1] It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal.[1][2][3][4] Initiative Q is backed by Cato Institute economist Lawrence H. White.[2] Unlike Bitcoin the scheme would not take measures to evade state regulation.[5]

Initiative Q’s goal is to replace payment cards and paper money that use old infrastructure with a new payment system leveraging current-day technologies.[6][7] It is “creating a new currency (the Q) and distributing it to anyone who helps speed up adoption.”[6] The Q is not a cryptocurrency and is not decentralized,[6][8] but will instead be overseen by an independent monetary committee, much like a central bank.[3][6]

Marketing and Rollout

Registering for Initiative Q is marketed through multi-level marketing.[9] The currency reserved for registrants will not be released until a critical mass of adopters identify themselves.[3][10] In November 2018, reported that more than two million people had signed up in 180 countries.[1] Later the same month, O Globo reported more than five million registrations,[11] and The Times of India reported that countries with large numbers of registrations included India, Brazil, United States and United Kingdom.[7]


In October 2018, Frank Chung of wrote that the marketing style could be “perceived as a scam or pyramid scheme”[2] and Daniel Huszák of compared it to multi-level marketing without the fee.[9] Owen Gough of Digital Spy wrote “Is Initiative Q real or fake? Short answer – we have absolutely no idea.”[12]

In contrast, Brendan Markey-Tower, economist at the University of Queensland, said on in November 2018 that it was “not a scam” and that the scheme wouldn’t “make you fabulously wealthy. It is, nonetheless, an interesting idea.”[8]

Huszák enumerated potential problems with the scheme such as no clear crypto-currency security measures, unclear transaction/exchange costs, and potential for market manipulation by the largest holders of currency.[9]


  1. ^ Jump up to:ab c Nittle, Nadra (8 November 2018). “This new would-be currency isn’t crypto — but is it for real?”. Archivedfrom the original on 9 November 2018. Retrieved 22 November2018.
  2. ^ Jump up to:ab c Chung, Frank (29 October 2018). “What is Initiative Q? Payment network insists it’s not a ‘pyramid scheme'”. Archived from the original on 30 October 2018. Retrieved 1 November 2018.
  3. ^ Jump up to:ab c Baumer, Lilach; Hirschauge, Orr (23 August 2018). “This serial founder wants to challenge Visa through a ‘global currency’ for the future”. Retrieved 31 October 2018.
  4. ^“eBay Acquires Fraud Sciences For $169 Million”. TechCrunch. Retrieved 8 November 2018.
  5. ^Q 幣」突然冒起,是否下一個 Bitcoin [“Q coin” suddenly rises, is it the next Bitcoin?]. (in Chinese). CUP Media. 12 November 2018. Archived from the original on 22 November 2018. Retrieved 22 November 2018.
  6. ^ Jump up to:ab c d Gusmão, Gustavo (14 November 2018). “Saiba o que é Initiative Q, projeto que promete dinheiro virtual de graça”[Learn what is Initiative Q, a project that promises virtual money for free]. Exame (in Portuguese). Retrieved 10 January 2019.
  7. ^ Jump up to:ab Mishra, Digbijay (29 November 2018). “20% of signups for new digi-currency from India”. The Times of India. Retrieved 1 January 2019.
  8. ^ Jump up to:ab Markey-Towler, Brendan. “Initiative Q is not the new Bitcoin, but here’s why the idea has value”. Archived from the original on 6 November 2018. Retrieved 22 November 2018.
  9. ^ Jump up to:ab c Huszák, Daniel (31 October 2018). “Megőrül az internet az új fizetéses MLM-rendszerért – Kamu lenne?” [Will the Internet be crazy about a new MLM pay-per-view system – but is it fake?]. (in Hungarian). Archived from the original on 31 October 2018. Retrieved 1 November 2018.
  10. ^Kelly, Jemima (26 October 2018). “Initiative Q: an elementary pyramid scheme with grandiose ideas [Update]”. FT Alphaville. Retrieved 31 October 2018.
  11. ^Matsuura, Sérgio (14 November 2018). “Initiative Q reúne 5 milhões de cadastros com promessa de dinheiro grátis”[Initiative Q gathers 5 million sign ups with free money promise]. O Globo (in Portuguese). Retrieved 1 January 2019.
  12. ^Gough, Owen (2 November 2018). “What is Initiative Q: Is it the new bitcoin, or just one big fake scam?”. Archived from the original on 1 November 2018. Retrieved 7 November 2018.

Ofer Abarbanel – Executive Profile

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library