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Show HN: PeerSend – Social Payments powered by crypto

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Re: Show HN: PeerSend – Social Payments powered by crypto

#21

Post by rglullis »

umitakcn wrote: post #16
rglullis wrote: post #9

Earlier quoted context omitted.

I am really interested in the concept, but no interest whatsoever in BSV - none of the bitcoin family, but especially no interest in BSV. Is this choice a matter of circumstance (lower fees compared to BTC) or is BSV instrumental to you? If the former, may I recommend you take a look at Raiden[0], and especially the light client[1]? It would be perfect for your use case (peer-to-peer payments) and the light client ha…

We believe BSV is an excellent blockchain to build products on, because of its scalability, sustainability, transparency, and instant transaction. Its TPS is unlimited, block size unbounded, and the average network fee is $0.0004. Also community is very important to us. BSV is being used in daily lives of many people, far more than other major cryptocurrencies, thanks to its scalability. And a lot of pioneer develope…

> Its TPS is unlimited, block size unbounded, and the average network fee is $0.0004.

Look, I don't want to start a flamewar, but you KNOW that this is just marketing speak for "we have no clue what is going to happen if people actually started using the network, but we can fake it until we make it", right?

If you are not even willing to make an honest assessment about the pros and cons of BSV, why should anyone trust you?

But nevermind, your response was enough for me to realize that you are choosing the latter of the choices from my question. The extension is developed in order to bring utility to BSV, not as way to promote the use of crypto in general.

That's a pity, because your UI is really good and it could be beneficial for a lot more use cases if it was not tied to handcash and BSV.

Re: Show HN: PeerSend – Social Payments powered by crypto

#22

Post by rglullis »

kevinak wrote: post #20
ignoramous wrote: post #17

Congratulations on the launch! A suggestion (since PeerSend is limited to payments with bitcoin / lightining?): Consider building this on top of stable coins likes USDC, DAI, either on offchain networks like celo.org, or lenders like goldfinch, or stacks like silamoney.com I really believe cross border payments is an important problem to solve (with more and more workforce going remote and products like tryjeeves, br…

This isn’t built on top of Bitcoin, it’s built on Bitcoin hard fork. Also, why would you use stable coins and thus adding a centralised point of failure when Bitcoin already solves this? Just use it as payment rails.

> Also, why would you use stable coins

- Because merchants do not want a volatile currency.

- Because people in countries with weaker currencies might be interested in accepting/transacting in something that gives them USD/EUR/GBP/JPY.

- Because there are DeFI protocols that are giving better returns than any savings account ever could.

Re: Show HN: PeerSend – Social Payments powered by crypto

#23

Post by kylelee99 »

rglullis wrote: post #21
umitakcn wrote: post #16

Earlier quoted context omitted.

We believe BSV is an excellent blockchain to build products on, because of its scalability, sustainability, transparency, and instant transaction. Its TPS is unlimited, block size unbounded, and the average network fee is $0.0004. Also community is very important to us. BSV is being used in daily lives of many people, far more than other major cryptocurrencies, thanks to its scalability. And a lot of pioneer develope…

> Its TPS is unlimited, block size unbounded, and the average network fee is $0.0004. Look, I don't want to start a flamewar, but you KNOW that this is just marketing speak for "we have no clue what is going to happen if people actually started using the network, but we can fake it until we make it", right? If you are not even willing to make an honest assessment about the pros and cons of BSV, why should anyone trus…

You can check the real data.

https://bitcoinblocks.live https://whatsonchain.com

There is no problem with practical use. Once you know "peer-to-peer transaction protocol," you will understand that it can work without any problems. https://blog.moneybutton.com/2020/03/30/handcash-and-money-b...

This was Satoshi's original Bitcoin design and is the key to the scalability solution.

Re: Show HN: PeerSend – Social Payments powered by crypto

#24

Post by rglullis »

kylelee99 wrote: post #23
rglullis wrote: post #21

Earlier quoted context omitted.

> Its TPS is unlimited, block size unbounded, and the average network fee is $0.0004. Look, I don't want to start a flamewar, but you KNOW that this is just marketing speak for "we have no clue what is going to happen if people actually started using the network, but we can fake it until we make it", right? If you are not even willing to make an honest assessment about the pros and cons of BSV, why should anyone trus…

You can check the real data. https://bitcoinblocks.live https://whatsonchain.com There is no problem with practical use. Once you know "peer-to-peer transaction protocol," you will understand that it can work without any problems. https://blog.moneybutton.com/2020/03/30/handcash-and-money-b... This was Satoshi's original Bitcoin design and is the key to the scalability solution.

> There is no problem with practical use.

For current loads, I believe you.

Come back when you have millions of users and thousands of TPS, and let me know (a) the hardware requirements to run a node, (b) how much it costs to run such a node and (c) what percentage of the population could theoretically afford this.

It is very easy to "scale" if you centralize all processing in a handful of nodes.

Re: Show HN: PeerSend – Social Payments powered by crypto

#25

Post by anshorei »

ALittleLight wrote: post #3

The subtitle says you can send crypto "with just one click". Now, maybe I'm being a bit pedantic here but the demo shows it's 4 clicks. Click the lightning bolt, click amount, click the send button, click the X to dismiss the final modal. Maybe it's not a big difference, but how can you call 4 clicks "one click"? Typo in the subtitle too - "PeerSend lets people to freely transfer crypto"

> Typo in the subtitle too - "PeerSend lets people to freely transfer crypto"

Typo in your fix too - "PeerSend allows people to freely transfer crypto"

Re: Show HN: PeerSend – Social Payments powered by crypto

#26

Post by andelu »

_ink_ wrote: post #4
umitakcn wrote: post #2

Hey everyone PeerSend allows you to send and receive Bitcoin SV in any website or social platform with a single click! Found an inspirational Tweet? You can reward it! Want to earn money through social media? Create content and get tips! We just launched Twitter integration yesterday and working on adding other social platforms like Twitch, Facebook and Youtube. If you want to test it out, send me your paymail addres…

Looks great. But choosing Bitcoin SV as underlying seems a bit unconventional. What is the rational behind it?

BitcoinSV was probably chosen since it allows using layer 1 for peer-to-peer payments, by using huge blocks. In theory this means low fees and high transactions/seconds. This makes interoperability etc simpler than many layer 2 techs.

Re: Show HN: PeerSend – Social Payments powered by crypto

#27

Post by andelu »

bradwood wrote: post #10
_ink_ wrote: post #4

Earlier quoted context omitted.

Looks great. But choosing Bitcoin SV as underlying seems a bit unconventional. What is the rational behind it?

No good reason as far as I can see. Bitcoin SV is as dead as disco. Use something like lightning or solana or Polygon. But this? Nah...

BitcoinSV uses the UTXO model, which is easier to scale than global state models like ethereum, solana, etc. And with it's massive block size there is hope for fast payments and low fees.

Re: Show HN: PeerSend – Social Payments powered by crypto

#28

Post by andelu »

rglullis wrote: post #24
kylelee99 wrote: post #23

Earlier quoted context omitted.

You can check the real data. https://bitcoinblocks.live https://whatsonchain.com There is no problem with practical use. Once you know "peer-to-peer transaction protocol," you will understand that it can work without any problems. https://blog.moneybutton.com/2020/03/30/handcash-and-money-b... This was Satoshi's original Bitcoin design and is the key to the scalability solution.

> There is no problem with practical use. For current loads , I believe you. Come back when you have millions of users and thousands of TPS, and let me know (a) the hardware requirements to run a node, (b) how much it costs to run such a node and (c) what percentage of the population could theoretically afford this. It is very easy to "scale" if you centralize all processing in a handful of nodes.

>It is very easy to "scale" if you centralize all processing in a handful of nodes.

"Yes"

Re: Show HN: PeerSend – Social Payments powered by crypto

#30

Post by rglullis »

andelu wrote: post #27
bradwood wrote: post #10

Earlier quoted context omitted.

No good reason as far as I can see. Bitcoin SV is as dead as disco. Use something like lightning or solana or Polygon. But this? Nah...

BitcoinSV uses the UTXO model, which is easier to scale than global state models like ethereum, solana, etc. And with it's massive block size there is hope for fast payments and low fees.

What does UTXO have anything to do with scaling of the network?

Yeah, you might get more transactions per block without increasing the size too much, but to think that gives a significant advantage over account-based chains is just drinking the kool-aid.

Whenever you see someone selling you the idea that there will be a massively decentralized blockchain that can reach a high number of TPS without scaling off-chain, run in the other direction.

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