Ask HN: I'd like your opinion on my social network idea

Critiques/Upvotes/Downvotes appreciated. I'm 19 and young, I think there's a better way, so why the fuck not? Everyone's calling me crazy so I'd like some HN opinions.

I was one of the early adopters of Facebook. I remember it used to be very interesting with posts about you, topics that mattered, where people used to post on each other's wall. Now they're coming out with a phone and making other choices which I feel are nothing but detrimental to my original Facebook experiences. I've had a declining Facebook experience these past few months and I want to bring some of that back.

Name: PeopleVector? (Work in progress) A much simpler social network. People can post statuses, write on each other's profiles, send messages, and upload photos or videos under 1 minute long. People can also send money to one another, track who owes who money, create a cell phone number alias to receive texts, and manage a calendar which your friends can "pin" events, notes, and photos to.

That's it. No notes, no groups, no pages, nothing. That's our key feature to make sure that the site doesn't get too overloaded and remains a social network, not whatever the hell Facebook is becoming.