Topic: agriculture and bitcoin - page 3. (Read 838 times)

Well, Russia is a country with above average acceptance of Bitcoin. You can bargain with your suppliers (for fertilizer and pesticide) and request them to accept Bitcoin as a mode of payment. Apart from Bitcoin, you can implement the Blockchain technology to track the incoming supplies and the delivery of farm products to the whole sale dealers. I think already we have several Blockchain applications for that purpose.

I dont think I understand what you mean.  Maybe if there are unbanked individuals in your area they can use crypto to buy and sell agriculture products.  But as far as crypto helping developing agriculture I think you are looking at crypto wrong, I'm sorry.

There are ways that cryptocurrency and the Blockchain can be useful in agriculture, but the things I have in mind are not things that only you can do, it’s kind of a thing that the world will have to agree on. Like I said, it’s not just about Bitcoin, Bitcoin can’t even play a roll in agriculture unless you plan to be accepting payment for supplies in Bitcoin, that’s the only way it’s going to be useful to you in this field.

The thing that’s likely to be useful someday in agriculture is Blockchain, there are lots of ways it can be used to improve the field of agriculture. It can be used for overseeing farm inventory, and it can as well be used for enhancing agricultural supply chains.

I think you're looking at farming like it was done in the 18th century or somewhere around that timeline..
What need do you think farmers have to deal with each other, do you think my parents going to buy grain from a  farmer for raising pigs and that farmer that raise chickens is going to trade eggs for meat?

The whole farming stuff when it comes to transactions is pretty much a real good oiled machine in developed countries with no tokens no nothing.
We're running a contract with a large store, that goes through our bank, it raises our credit limit, payments are direct from our bank to and from, I can check daily our finances in a 20 years old program that can run on windows 2000 because there is no need for more.
You need more technology to play candy crush that running the finances.


How about this idea then?
The government can simply give us free money and we're all going to be rich!
You realize that there is no such thing as free electricity, right?
It's subsidized electricity that it's paid from your own pocket, but you don't realize!

As I said previously, and this is to all the people who think a token is a solution, please name one real-life situation where a token is advantageous over traditional systems that would offset the headache of dealing with it.
Common, one advantage a token would have and one thing that this coin would be able to do and bitcoin can't!!!!

If I'm not wrong bitcoin and agriculture is possible through simple way of mining. A known person to me had mining hosting services in his agricultural farm. The mining setup isn't that big, but he had got free electricity from the government which gave good return out of the mining. One who is really interested into agriculture can invest into mining in an eco-friendly manner and with the profit made out of mining can invest continuously on productive agriculture.

That's a rather broad question. I think the best way to use it to help farmers is to create a crowdfunding platform to help them buy supplies for their farms and make BTC a payment option.

There are already some platforms doing this, like Cropital, so you'd already have an example to follow and then simply allow cryptos to be used, no need to make your own blockchain/alt. This would be more a charity since it wouldn't always be certain that there'll be a return on investments.

First of all bitcoin isn't a magic thing, it's not Genie, it's not Rumpelstiltskin, it's not Fairy and etc.
So crypto has nothing to do with agricultural business, it can't protect you from accidental weather damage, floods, it's not fertilizer also and can't speed up growth of your products.
But you may use blockchain technologies in agriculture but again it's not magic too. It can help you in traceability, logistics and etc. Since it seems that you are interested in this task and are looking for some help, I suggest you to search contents where blockchain and agriculture are in correlation, also read this free pdf book: http://www.fao.org/3/CA2906EN/ca2906en.pdf

The only method I can think of would be to have a website that accepts crypto which ties the end user with the farmer directly without putting anyone in the middle and use some sort of farming ICO or something in order to create a coin that farmers could use between each other as well, that way you will have no middle men at all and farmers would be able both sell their products and also buy whatever they need using just one coin and they would profit a lot more.

Of course, there are dangers involved in this, you can just use bitcoin as well or any coin you want but the moment price goes down, the farmers would be affected more than they normally would with middlemen, which is why farmers with websites use dollars to make sure they don't end up in negative.

The simplest way would be to actually invest into bitcoin with the crop profits of the farmers, that way they could take advantage of the system where poor has the same level of chance to make money as the rich, compared to fiat world where the producers is not profiting as much as the people who just type in numbers to a screen. Plus, there could be some sort of ICO possibility for farmers who would be able to raise funds for further their farming and make more products and sell more crops and maybe share it with the investors for the excess amount.

A farmer who makes 10k a year could get millions in funding (or a farmer association) and then make 30k profit instead with that investment, sharing 15k of it with investors and making 5k more for the trouble they will go through. Numbers could be just example made up ones but the logic stands.

You have first see if bitcoin or crypto is legal acceptable in your country because you would not want to run into legal problems later on. Once that is cleared now look into your available infrastructure.

If you need machines and tools maybe you can use buy them with bitcoin? If the manpower is affordable to be bought with bitcoin then you can use that. After that you might wish to allow private investors to buy shares fo your company on the stock market or the token market of crypto. The second one is where mostly people think about crypto startups. However considering the bear market at this time of the year and since the last 2years, IPO funding would be a better option.

Actually using crypto or bitcoin to pay and develop an agriculture is quite easy, but we need to consult more about the laws in your country and some conditions needed to grow.
- First, you should learn about the laws of your country. If your country is comfortable with people using bitcoin for transactions and not taxing too high, you have passed stage 1.
- secondly, you should consider whether the corporations associated with you really want to pay with bitcoin or crypto. If they refuse to pay, we will face difficulties.
depending on how you develop in the future but first you need to meet the two conditions that I have given. otherwise you will have big trouble with money and the law.

OP, if you want investment, then forget about it. However, if you have a farm and want to be involved in cryptocurrency, in theory, there might be some ways. Well, you could sell your crops in Bitcoin, but I doubt it will be handy. You can also utilize waste by creating a biogas power plant connected to the mining rig.

But again, it would be better if you just being an ordinary farmer, focus on the productivity of your crops, and forget about cryptocurrency. You could, however, save a little bit amount of money in crypto just in case this technology become mainstream.

I think you can use crypto for agricultural development By investing in crypto, you can make money in agriculture. The best place to invest in crypto and from now on you can buy land for agriculture.

Agriculture is one of the basic and most important businesses of each country. Each country has some amount of farmers which keeps on generating a decent amount of fruits and vegetables which are been served to the entire nation. There is vast scope in agriculture but you need to gain some experience in the field itself. Agriculture too requires experienced knowledge which might be a bit challenging to acquire but not impossible. Agriculture could give us major benefits if we choose the plan to cultivate most cautiously.

Cryptocurrencies are a boost to newly launched products and you can even start your own startup if you have land and the skills to start farming as you would also get huge financial support from the community behind you.

1. You failed on it and you still want to try it again. But if there's legitimacy to the projects that you will start working with, this will automatically  gain the likes of the people and investors but if it's nothing new, expect nothing.

2. No, thank you. There's no need to share it and I don't need it. Don't buy something that you don't actually understand, services or offers like that earn from people that are thinking of how easy it is to make money from what they have discovered.

Thanks to stompix, so most of those projects were scam and if not, a failure.

I think you can use blockchain technology.
Blockchain transforms the agricultural supply chain by simplifying the transition between producers and retail. Through the possibility of quickly identifying the sources as well as verifying deviations. If an irregularity is detected somewhere in the food chain, the system can take you to the point of origin, which makes investigations easier and more assertive, reducing the need for multiple conferences.
In this way, the entry point for small-scale farmers begins to look for opportunities. Entering the supply chain through the ease developed with the reduction of intermediaries becomes an opportunity.
If you have bitcoins then you can use them to buy supplies and machines for your agribusiness.

I dont know why most new projects cant adopt other coins from there region as a medium of payment, I dont think it does matter what the existing project is all about if the project is not a scam and coin is a medium of payment. Build your online payment site through the project and engage the coin as medium of  payment. Even if the project get themselves off the market, the community behind your product will the drive the coin back to market, however, we need to ascertain the need for cryptocurrency as means of exchange. If fiat is doing perfectly well stay within this comfort

Yes, exactly!
Take advantage of the technology and create a coin that complicates everything!!!!

What would a new coin do other than giving farmers nightmares and sleepless nights?
Not only have people like my family care about the weather, diseases, price of crops, price of gas, now we would have to check every ten minutes the price of that shitcoin!

Tell me one, one damn advantage a token will have for a farming business and I will tell my parents all my relatives and all the villagers in my old town about it and I will shill for that coin 24/7 on this forum! One thing that could be done with a token and not bitcoin!

Yeah, from 24 millions to 500k$, no volume , no exchange!

It was a scam!


Another scam
Another scam

Failed project

Failed project


Another fail with zero deliveries.

That depends on how you really want to use cryptocurrency in your business. You can decide to create an app that lets people invest in your farm land using cryptocurrency. Saying this because I have seen a company that did that in my country, but the difference would be that they are not accepting cryptocurrencies, we make payment using our debit cards.

But, you can do similar and allow people to invest using cryptocurrency if they wish, and within a fixed period like 6 months or so, they will make some profit. Or maybe you can allow people to purchase farm produce from you by using Bitcoin. I believe there are lots of ideas that you can come up, it all depends on what you really want.

https://www.agunity.com/
There is also e meetup group with tons of info: https://www.meetup.com/Blockchainfood/