I still don't understand the point of SendCoin. There is no reason for it at all?

Theres no marketing for this, the CEO has no idea what he's talking about, and they're partnering with a known scammer of the community.

WTF is this? I just watched the video....the CEO has NO idea what he's talking about. Someone at the end asked if they'd be doing on chain or off chain transactions (which, they're doing on-chain, enjoy transaction fees for those 'micropayments') to which the CEO replys "no no, we are using all APIs".

.....what? The CEO seriously didn't understand a question about off and on chain transactions. Please, watch that video....this guy's clueless. I really cringed watching this video listening to this guy try to talk techy. "Telegram system.." its a protocol. Watch that and anybody with any technical knowledge will know this guys full of shit. Someone asks about details on the platform they're building on, in which he says "The telegram system has end encryption and stuff...their website has a lot of information on it." Really? No way, their website has information on their protocol, but you can't tell us in your presentation about the protocol?

https://www.youtube.com/watch?v=ItXmhgSWnYw

This is ridiculous. I really hope nobody is putting money into this. Please don't be fooled by their 'PR' releases...they pay PRWire to blast it out to any news site that will accept it. Its a known marketing scam.

I'll be following, but I don't see this getting more than 10 BTC of 'dumb' money (people who dump on first day in hopes of profit), and none of mine. Seems like they tried to ride this NXTTY / GEMS wave.