Show HN: PeerSend – Social Payments powered by crypto

https://peersend.com//

by umitakcn • 5 years ago

47 50 5 years ago

peersend.com

umitakcn5• 5 years ago

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 address, I will send you some Bitcoin SV to test.

Cheers

_ink_• 5 years ago

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

bradwood• 5 years ago

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...

andelu5• 5 years ago

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.

akerl_• 5 years ago

What happens if I send money to a tweet author and they don’t use PeerSend and don’t want to sign up?

umitakcn5• 5 years ago

The recipient will have 24 hours to connect to PeerSend. If they don't connect in time, your payment will simply be cancelled and your money will stay in your wallet

janandonly• 5 years ago

Twitter is already integrating bitcoin.

This app tries to implement one of the many forks “bitcoin SV”, but I think to no avail.

People will use what is easiest and seeing the reel bitcoin integrated means that is what the public will be using...

rglullis12• 5 years ago

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 has a SDK [2] which you could leverage into the extension.

[0] https://raiden.network

[1] https://lightclient.raiden.network

[2] https://lightclient.raiden.network/docs/

umitakcn5• 5 years ago

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 developers of Bitcoin & blockchain are developing on BSV. These make one very healthy community that is likely succeed.

ALittleLight2• 5 years ago

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"

anshorei• 5 years ago

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

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

ALittleLight2• 5 years ago

Mine is not a fix, just a quote of the problem. I italicized the word that needs to be deleted.

rglullis12• 5 years ago

Looks nice, but even after some browsing around I couldn't answer a very crucial question: is the handcash wallet custodial or not?

umitakcn5• 5 years ago

Thanks, We will add this to our FAQ. HandCash in non-custodial wallet. You may have more information about it here https://handcash.medium.com/handcash-goes-keyless-b86d273392...

TekMol• 5 years ago

The site seems very secretive about how it works. After reading a while, here is my educated guess:

To use it, the user first needs to get ahold of Bitcoin SV somehow.

Then the user needs to install their software.

Since the software allows "payments" to people who do not have a public Bitcoin SV address, I guess the payment goes to PeerSend and not to the receiver.

PeerSend then tries to contact the receiver and convince them to make a Bitcoin SV address.

If that happens, PeerSend sends the funds to the receiver.

xiphias2• 5 years ago

There was another Bitcoin SV scam article just a week ago. It looks like Craig Wright is paying people to continue with it again. Maybe he has a new court appearance coming up, although I’m not following what’s happening to him.

umitakcn5• 5 years ago

Unfortunately No one pays us anything and I wonder how you are so sure about something which you even don't follow.

ddevault• 5 years ago

Cryptocurrency is an illegitimate industry founded on scams, ponzi schemes, and incredible waste. This is an immoral project which should not exist.

Cymrukicks• 5 years ago

Bitcoin was founded on that back of all those things, only they were committed en mass by institutions using fiat money. Crypto is a tool like any other it just depends on what you use it for.

imtringued• 5 years ago

You're wrong because Freicoin exists, and yet you're also right because nobody adopted it.

garmaine• 5 years ago

It’s time may still come…

ignoramous• 5 years ago

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, brex, usealloy atop traditional financial instruments notwithstanding) and that stable coins can enable that.

Also see: paymobil.co and lastbit.io

kevinak• 5 years ago

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.

rglullis12• 5 years ago

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.

justshowpost• 5 years ago

Why would anyone want to use this?

The author can just advertise their preferred payment method including a BTC wallet if they like to. And the user can be sure that their money reaches the author instead of PeerSend pocketing it after 24 hours.

Brave attempted this with BAT as well and it seems it was put on ice despite better browser integration and not pocketing the money after 24 hours.

lindwhi• 5 years ago

I don't understand how it works. Even though it was explained, I don't think it is enough for the people to determine how the system works.

Show HN: PeerSend – Social Payments powered by crypto

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