Some info offline..
Initiative Q was founded by
Saar Wilf, who has past experience in the payments world — amongst other companies, he founded
Fraud Sciences, which he sold to PayPal when it was part of eBay.
The other key participant is
Lawrence H. White — an economist at George Mason University, who is heavily into Austrian economics, though he’s not a complete gold bug. White worked out the economics of the Q private currency.
Worst-case scenarios for your personal data
Initiative Q’s
privacy policy is good and respectful — but if they go bust and get sold off for parts to pay the bills, then it will no longer apply.
The signup list collates the following information:
- people who think get-rich-quick schemes can work;
- people who will get their friends to sign up for a get-rich-quick scheme;
- a full network graph of said people.
Any number of disreputable people and companies would throw their hats in the air at getting hold of a database like this.
Affinity fraud loves this sort of list of pre-screened suckers.
(This is an example of why a large pile of
Personally Identifiable Information is such a
dangerous thing.)
Advertising trackers on the Initiative Q site include Facebook and Google Tag Manager — so these ad networks will also have categorised you as someone susceptible to this sort of pitch.
So if you signed up — you’re marked as a prime target for more pitches of this sort in the future
Source:
Initiative Q — a non-crypto private currency, marketed by pyramid scheme