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RE: The Social Wallet Whitepaper: Condensed, Unfiltered, All Natural, No Concentrate
It does partially but I don’t see why two users can’t use an existing blockchain to send crypto. Ie two Facebook users send each other bitcoin or Steem, rather than needing the social wallet?
I don’t mean to be difficult, I am interested and keen to understand the concept properly.
I'm familiar with the project so maybe I can shed some light here. Firstly you've got the problem of expertise. Lets say that we are both facebook users but we've never been involved with cryptocurrency and using crypto wallets and long address strings which may be complex or intimidating. If for example it was as easy as sending it to @joebob (Joe's facebook handle) then neither party would be able to mess up the transaction easily. Social Wallet takes it one step further. I can gift you cryptocurrency or pay you without first notifying you a transaction is coming. I can reward users without knowing their wallet address. All I need is their public handle, I send the tokens and when you see the message you can retrieve them. Go ahead and dig deeper. Read the whitepaper, watch the demo videos and maybe it will make more sense why a platform like this is needed. Good questions.
Clear and up to the point! Great explanation @techblogger