I'm thinking about the promotion of TRC in the real world, not in internet.
Indeed BTC is not suitable for the real life shopping, because of the slow transactions.
It competes very well with a bank transfer, but one have to use additional tricks to have the possibility to pay with BTC as it were cash.
The TRC on the other hand do compete well with the credit cards, because the time to transfer TRC from one account to another is quite quick.
Not as quick as to pay with the cash, but still quite quick to compete with the credit cards without any additional trickery.
In the real life for the average person TRC and BTC is all the same: the vast majority of the people do not know anything about both.
So the time one would need to promote TRC and BTC is practically the same.
Speaking about the real world, let us see whether we have the same understanding about how the goods are being promoted in order for us to be able to buy them from the shops.
The factories need their goods to be sold and and the shops need the goods to sell. And in the middle there is a salesman the representative that visits shops and offers them the products of the factory. For doing so the representative take a fee for each sale of the shops that he has visited in case they buy something from the factory.
The same scheme on a more advanced level is called multilevel. In case of multilevel the seller visit shops and offers them goods and the owners of the shops can benefit as well promoting the goods to the other shops and so they become the sellers on the lower level of the multilevel structure. The seller can also create a network of other sellers that he trains how to sell goods to the shops and other sellers. The fee that the factory gives for each sale is the same, but it's being distributed between the members of the network in agreement to the rules that were initially set and agreed by all. And what you have seen on the page of lakebtc is a typical multilevel scheme, which helps a lot to promote goods, as you can see from the results lakebtc where able to obtain in the last two years.
Not only goods are sold in this way but also services. If you think about the credit card. It's accepted everywhere. How has it happen? There was some salesman in the beginning that was visiting shops one by one explaining advantages to accept a credit card a making fees on the transactions. In the beginning there were nobody who had a credit card but today it's a big market and the credit cards companies are listed on the stock exchanges.
If we want to spread TRC in the real word we need the salesmen and the tool that they would offer to the shops and to the other salesmen during their work and there should be guaranty that they will not work for free. So an automated fee is needed.
Which need would the TRC cover?
As you can see the governments are tending to reduce the quantity of available cash. And there are even some countries that are thinking not to use cash any more (
https://cointelegraph.com/news/cash-electronic-money-scandinavia).
The reasons are:
1) to reduce the cost of a cash production
2) to reduce the tax evasion
3) to have a better control for security reason
ecc
But not all the people are happy to be controlled in such a strong way and there are countries that has such a high level of taxation that it's scientifically proven that their economies would fail in case all the people pays taxes.
You can understand that here we are speaking about a huge market that BTC can not cover while TRC can.
I have the salesmen that are considering to promote TRC in the real world. But we don't have the tool.
The first problem with the tool is that there is no exchanger where you would be able to exchange TRC into USD or EUR.
As I said previously being TRC transaction very quick the basic way to create a merchant tool would be to create the dedicated accounts for each shop on which as soon as TRC arrive they would be automatically sold and the resulting fiat transferred to the shops bank account.
But in this scheme there is no fee for the promoter. That's why maybe an android/iphone wallet would be need, similar to Electrum that recognizes automatically a fee to the salesman.
I think such an application wouldn't be difficult to create and it's not a huge investment and I'm ready to consider the price of this tool and invest money into it's creation.
Of course the owner of the shop will be able to install the normal TRC wallet, register an account on the exchanger and do everything by itself, but it's a next step for him which requires some additional knowledge and if the service offered by the merchant tool is good there will be no reason for him to change (just consider all the technical, legal and accounting assistance he may need to work with TRCs).
Hope that now my idea is a bit more clear.
From my point of view TRC has a great advantage over BTC.
The transfer is confirmed within minutes, while you need to wait hours to have a BTC transaction to be confirmed.
And the transaction costs are reasonably low.
So if for instance TRC would be traded on btc-e, as it used to be, the cost of the TRC merchant tool would be quite low, because you'd be able to automate everything from inside of the btc-e account of the merchant.
Having said this, the problem is the promotion costs of the TRC.
While the big guys are investing their big money into BTC, LTC, ETH, DOGE, DASH and you name it, doing the promotion in the spare time may create some issue in competing with the other cryptocurrencies.
And without promotion nobody will seriously using TRC, even if some of exchanges will list it, because TRC have to offer something that the other cryptocurrencies do not offer.
Do you remember where the site LakeBTC was two years ago in the list of exchangers? It was nowhere. And now you can see them on the top of the list.
How do they managed to do such a big step?
Have a look on their Referral program page here:
https://www.lakebtc.com/s/refThere are serous sellers that I personally know that would consider to promote the use of TRC in the physical world, but they wouldn't do it for free.
So if we'd have a merchant tool that on each transaction recognizes to the promoter of the tool a part of the fee, we'd have the TRC promoted by many people that would be interested to make money with it.
TRC is in far better shape then BTC because of the rapid transactions, and with merged mining and DGW it is better protected.
I agree that TRC, or any cryptocoin has to offer something special, which is why we are trying to be innovative all the time. Eventually we will add anonymous transactions.
After that point I don't think I understand what you mean. I am not trying to be a jerk or anything. I really don't understand what you are talking about.
It looks like lakebtc is an exchange and you can get a referral bonus for getting other people to use that exchange.
Wait. I get it now! You want a web button that cuts each referred person in on the transaction down the chain, and it would deposit right into their preferred exchanges account.
Yeah, that would probably be pretty cheap to implement, but with a real merchant account no one would be beholden to the person above them on the chain. They could mark it up how ever much they want and they could get USD or EUROs without bouncing it around exchanges.
I hope I am understanding what you are talking about. Keep the ideas coming! TRC needs all of the innovative ideas!
