Quote from: knightkon on November 18, 2015, 05:05:24 PM

I am looking to help move BTC forward into our economy more and would like to get some suggestions on how we can get more retailers to accept BTC as a payment. The best part about accepting BTC is that they do not have any threat of charge-back from the customer. I am just looking for some more input before I start approaching some of these local retailers.

Two words, Lightning Network. Right now it is functional and certain retailers are using it right now even though it is in beta testing phase. The hype is definitely palpable in the bitcoin world and i think that a lot of analysts and journalists were absolutely not and some still aren't taking this into consideration when evaluating bitcoin and spreading fear amongst the cryptocurrency community.

This is happening for the simple reason that they are not aware of it existing, but some are picking up on it and it'll only go forward from here, in journalism or in any analysis you certainly don't want to be the last one to news of this magnitude.

It is up to every retailer to set up their own Lightning network node, i strongly encourage you to read about the project of the lightning network and its different layers which is currently being pushed firmly into development of a new layer to make it scalable in the long term in a sort of contest throughout universities having access to the lightning network code.

You can understand from this that the lightning network is designed specifically to address this retailer problem, the resulting consequences of installing a lightning network node in a business is of course reduced operating costs as well as faster transaction processing times.

Justin-Checqit

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