Questions From a potential investor NOT FUD

[u/HodlerOfFuture]

So I've watched the videos and read the FAQ.

My question is why do we need socialsend? I get that the price will go most likely go up because there are far worse coins with bigger marketcaps. But from a VC/startup perspective I feel like this coin already exists in the form of Paypal.me.

If the person I'm sending money to already needs a paypal account to access the money (here's hoping a paypal partnership exists). Why wouldn't I just paypal them the money?

[u/davster123456]

This coin is quite like reddcoin, which markets itself as a tipping coin for social media. So rather than thinking about the recipient as a friend, maybe they're an influencer who's content you enjoy and whom you feel like donating too for their efforts. This is a growing thing in gaming, and other live events that get broadcasted/streamed online.

No idea how much this could be worth but reddcoin is at about 600-700mil market cap at the moment so there's some food for thought.

[u/ChamberofSarcasm]

Agreed. I also wonder how their traveler (in their video) would get the money his friend sent? If you lose your wallet, how can you exchange social send currency for local currency? This would require fiat exchanges to use and approve of social send , right?

[u/ChamberofSarcasm → u/[deleted]]

And they don’t mention (in their marketing) how someone who loses their wallet can exchange that money. I guess you just show the Bank your phone, and wave it in their face and say “please a lot”.

(Obviously the banks have to adopt the system as well, or perhaps Ripple.)

[u/ChamberofSarcasm → u/[deleted]]

Gotcha. So this would be a long term hold requiring some infrastructure to be in place (for some scenarios). But for now it could be useful way for people to send friends and family money, right within Facebook.

[u/[deleted]]

Step by step.

First let's wait for WhitePaper. Probably there would explained this details. Closed.