Initiative Q is a blockchain proposal that hopes to create a payment network.  It is supposed to be partially created or backed by a big Paypal . 

I read that it has gone viral on social media because it proposes to give away future coins (once they are created).  It also encourages people to get others to join an rewards them for doing so much like network marketing.  Because there is no coin or payment system in place yet and they are just trying to get lots of people to join, it is viewed as a pyramid scheme.  

They only ask for your email and name in order to sign up.  Supposedly later they will ask people for money and they are also seeking investors.

Basically, the lure right now seems to be 'free' money.  It's all based on the hope that the coin is produced and the payment system works.  If it works, then the coin could be valuable.

It does sound like a too good to be true type of deal.  I want to find out more about it.

What do you think?  What have you heard?