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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 r

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_ 5y ago
Looks great. But choosing Bitcoin SV as underlying seems a bit unconventional. What is the rational behind it?
- bradwood 5y 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...
  - andelu 5y ago
    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.
    - rglullis 5y ago
      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.
      - andelu 5y ago
        It is widely held in the BSV community that UTXO has better scaling properties. Txs can be validated independently of other txs, alowing for parallelization of tx processing. See this for more https://www.youtube.com/watch?v=5Mhvk0U6zqE&ab_channel=UnboundedCapital https://www.youtube.com/watch?v=5Mhvk0U6zqE&ab_channel=Unbou... In account based models tx cannot be parralely validated. Please enlighten me if I have been mislead.
        rglullis 5y ago
        Yeap, this video is pure snake-oil. It overblows something that is a non-issue (ordering of the transactions) and tries to imply that is the core problem of "scaling". To put another way: if UTXO was paramount for scaling, there would be no need for BSV to exist because BTC (and BCH, LTC, Monero, Doge and so many others) are already based on UTXO. There are many other, bigger challenges and trade-offs to be considering when planning for scaling solutions. All of the solutions claiming they are scaling base-layer chains are doing so at the cost of centralization. Solana claims to make 100k+ TPS, but the amount of hardware required is incredibly expensive. Binance Chain manages to scale because it uses only 8 validator nodes. BSV is making these jumbo blocks, so the moment the network becomes popular it could be requiring 20-30GB per hour in storage, who in their right mind will want to run one of those?
- andelu 5y 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_ 5y ago
What happens if I send money to a tweet author and they don’t use PeerSend and don’t want to sign up?
- umitakcn 5y 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 5y 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...
rglullis 5y 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 https://raiden.network [1] https://lightclient.raiden.network https://lightclient.raiden.network [2] https://lightclient.raiden.network/docs/ https://lightclient.raiden.network/docs/
- umitakcn 5y 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.
  - rglullis 5y ago
    > 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.
    - kylelee99 5y ago

_ink_ 5y ago

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

bradwood 5y 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...
- andelu 5y ago
  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.
  - rglullis 5y ago
    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.
    - andelu 5y ago
      It is widely held in the BSV community that UTXO has better scaling properties. Txs can be validated independently of other txs, alowing for parallelization of tx processing. See this for more https://www.youtube.com/watch?v=5Mhvk0U6zqE&ab_channel=UnboundedCapital https://www.youtube.com/watch?v=5Mhvk0U6zqE&ab_channel=Unbou... In account based models tx cannot be parralely validated. Please enlighten me if I have been mislead.
      - rglullis 5y ago
        Yeap, this video is pure snake-oil. It overblows something that is a non-issue (ordering of the transactions) and tries to imply that is the core problem of "scaling". To put another way: if UTXO was paramount for scaling, there would be no need for BSV to exist because BTC (and BCH, LTC, Monero, Doge and so many others) are already based on UTXO. There are many other, bigger challenges and trade-offs to be considering when planning for scaling solutions. All of the solutions claiming they are scaling base-layer chains are doing so at the cost of centralization. Solana claims to make 100k+ TPS, but the amount of hardware required is incredibly expensive. Binance Chain manages to scale because it uses only 8 validator nodes. BSV is making these jumbo blocks, so the moment the network becomes popular it could be requiring 20-30GB per hour in storage, who in their right mind will want to run one of those?
andelu 5y 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_ 5y ago

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

umitakcn 5y 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 5y 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...

rglullis 5y 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 https://raiden.network [1] https://lightclient.raiden.network https://lightclient.raiden.network [2] https://lightclient.raiden.network/docs/ https://lightclient.raiden.network/docs/

umitakcn 5y 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.
- rglullis 5y ago
  > 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.
  - kylelee99 5y ago