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0 sats \ 8 replies \ @OT 26 Nov 2023 \ on: Why you should orange-pill any merchant and business bitcoin
Self custodial education > merchant adoption
Some merchants might accept bitcoin as a gimmick by linking it to an exchange. Bitcoiner walks in & buys something with coin joined BTC. Exchange freezes BTC. Big problem
Sorry, i disagree. There are services who already offer off-ramping BTC to €, being more cost-effective than any other payment solution on the market, from a payment processing point of view. Also to have currency ecoysystem closed you can't forget about the importancy of merchant adoption. But i also agree that Self custodial education is important too.
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Personally, I can't wait for merchant adoption. I'd love to be able to earn & buy more stuff with bitcoin.
But those solutions (are you talking about strike or open node?) are custodial & therefore have other large risks. To accept bitcoin/LN transactions in a "self custodial" way takes A LOT of education. They essentially need to run a LN node & all the connectivity & liquidity balancing that comes with it.
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Fair point. I spoke about other solutions, especially designed to have a regulated, secured and easy approach even for the employees of the merchant. And these solutions are non-custodial :) I think a merchant might be busy focusing on his business these days and earn enought revenue. Running a Node needs time and money, why not use a specialized solution?
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FFS for buying always use LN!
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Even for a car? Or house?
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Yes, why not?
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Some of us don't have that kind of liquidity
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microtransactions made simple too
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