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Topic: Bananas + blockchain ... Can it work? - page 2. (Read 2284 times)

hero member
Activity: 1358
Merit: 834
October 20, 2017, 03:19:01 PM
#21
And what for do you use the blockchain?
There is no need in payment security or anonymity. So, why to discover something useless
Learn to read. It has been stated numerous times in this thread what the blockchain is used for. It's not different from putting the company on the stock market, except that it's easier and more efficient. If you think this is useless you don't understand the blockchain technology at all.
full member
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October 20, 2017, 03:06:13 PM
#20
And what for do you use the blockchain?
There is no need in payment security or anonymity. So, why to discover something useless
hero member
Activity: 1358
Merit: 834
October 20, 2017, 02:58:40 PM
#19
I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.
Basically, everyone who invests in the business will get a share that is equal to the proportional size of their investment. So if you have invested half of the total amount raised, you will get half of the profits.
full member
Activity: 251
Merit: 100
October 20, 2017, 11:18:43 AM
#18
I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.

I didn't read too much detail, but based on the OP summary, 1 coin is equal to the cost of 1kg of bananas, so I suppose you will enjoy the profits of 1kg of bananas by purchasing 1 coin?
sr. member
Activity: 518
Merit: 283
October 20, 2017, 11:03:19 AM
#17
I love bananas, but I do not quite understand why blockchain is here to grow bananas and how then the profits and the price for products will be calculated.
full member
Activity: 251
Merit: 100
October 20, 2017, 10:43:41 AM
#16
well, blockchain is really a good technology, but we can not put everything on the chain.

Hear, hear. Fully agree with you.

Just because something can be put on a blockchain doesn't mean that it should.
full member
Activity: 238
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October 20, 2017, 08:04:20 AM
#15
well, blockchain is really a good technology, but we can not put everything on the chain.
hero member
Activity: 1358
Merit: 834
October 20, 2017, 04:42:45 AM
#14
I mean... interesting idea, I've seen a lot of kinda weird projects like this one popping up recently. I guess if it works, and is a profitable business, sure... I can't really see a world where every good is bought/sold with blockchain technology, especially because it has such a hard time going mainstream and I think people, especially the people in this community, would be hesitant to use a blockchain that is the opposite of anonymous- the whole reason that Satoshi developed it in the first place! But ah, I guess if there's a demand for it... Hell, color me interested in where it's going to go.
It (Blockchain) doesn't have a hard time going mainstream. It simply takes a while for new tech to make it into the common household. It took a while for computers to become mainstream, it took a long time for the internet to become mainstream, and Blockchain won't be any different. Over the course of the next one to two decades most payments should be run through the Blockchain in one form or another. The dramatic reduction of transaction costs is reason alone to push the tech into mainstream households and businesses.
sr. member
Activity: 368
Merit: 266
October 20, 2017, 04:16:11 AM
#13
I followed Bananacoin for awhile and I almost threw an investment at it, but I backed out at the last moment. It actually sounded like a fairly good idea to me but then something just sorta didn't feel right because I don't know anything about the banana markets. It sounds swell, but I'm not so sure how the token will do on the markets.
full member
Activity: 308
Merit: 105
October 20, 2017, 03:36:36 AM
#12
I really love this project) I hope that the topic of environmental friendliness will be more extensive than this investment project. The team has great ambitions for the future!
full member
Activity: 251
Merit: 100
October 19, 2017, 11:26:12 PM
#11
Nothing unusual. This is just using crypto tokens as a form of security. Very much akin to a banana company listing on the stock exchange.
newbie
Activity: 50
Merit: 0
October 19, 2017, 10:53:31 PM
#10
Well, it seems like there really is a coin for everything now.
full member
Activity: 234
Merit: 100
It's turtles all the way down!
October 19, 2017, 10:43:46 PM
#9
I mean... interesting idea, I've seen a lot of kinda weird projects like this one popping up recently. I guess if it works, and is a profitable business, sure... I can't really see a world where every good is bought/sold with blockchain technology, especially because it has such a hard time going mainstream and I think people, especially the people in this community, would be hesitant to use a blockchain that is the opposite of anonymous- the whole reason that Satoshi developed it in the first place! But ah, I guess if there's a demand for it... Hell, color me interested in where it's going to go.
sr. member
Activity: 518
Merit: 251
Hello. Bye.
October 19, 2017, 09:53:39 PM
#8
Look at Honey, its sort of working for them. I've seen that coin go pretty high and they have a real product for sale, honey.
sr. member
Activity: 812
Merit: 250
October 19, 2017, 09:40:37 PM
#7
i dont really think that a project that is all about bananas, can be "future of blockchain"
unless you are kidding

there is also a "Sand coin"
Nothing is impossible, and you will regret when all goods are sold with blockchain technology.
this is a world that can change quickly.  Cool
sr. member
Activity: 436
Merit: 250
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October 19, 2017, 08:18:15 PM
#6
hero member
Activity: 1358
Merit: 834
October 19, 2017, 05:18:59 PM
#5
It is useless, i dont understand why they have created an ico only to talk about bananas, it doesnt make sense at all, they are saying that they have millions of dollars, a huge farm all over the world, and they want to rise an ico to have more funds... uhmm very suspicius, i would not invest anything in that ico, of course that it looks very weird and the founders too, i dont trust in them at all.. Invest at your owk risky guys.

It does make sense, if you actually understand what blockchain and ICOs are about...

Whether or not this particular project will work out, I don't know. But as long as tokens automatically grant participation in the profits of the farmers it would be almost no different from investing in a business. The only difference would be that the blockchain makes it far easier to invest. And that is indeed a big part of the future of the blockchain: Allowing everybody to invest in ventures and businesses, not just a select few wealthy people with access to the right middlemen services.

If you were a seasoned investor you would be able to appreciate the general idea behind this proposal.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
October 19, 2017, 04:36:41 PM
#4
It is useless, i dont understand why they have created an ico only to talk about bananas, it doesnt make sense at all, they are saying that they have millions of dollars, a huge farm all over the world, and they want to rise an ico to have more funds... uhmm very suspicius, i would not invest anything in that ico, of course that it looks very weird and the founders too, i dont trust in them at all.. Invest at your owk risky guys.
newbie
Activity: 13
Merit: 0
October 19, 2017, 04:20:53 PM
#3
Not being 'literal!!!  Cheesy

I just think it's interesting/ worth considering how blockchain can become more commonly-talked about when dealing with commodities like fruit/veg.

There is talk about how it could really transform agricultural industries given the popularity of 'farm to plate' and generally these projects being more transparent and user/investor focused.

Thoughts?
member
Activity: 210
Merit: 10
October 19, 2017, 04:04:08 PM
#2
i dont really think that a project that is all about bananas, can be "future of blockchain"
unless you are kidding

there is also a "Sand coin"
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