Topic: Bitcoin only coffee bean exports. (Read 1220 times)
I am a coffee farmer (I was a qualified engineer but then I choose to know coffee better), after a long trial and online research then I am willing to accept Bitcoin as Payment. Please send me message to discuss further.
I suppose what OP is trying to say is similar in analogy like what we have with crude oil and dollar. Imagine this scenario. If a person wants to buy coffee, the only currency accepted by the farmers is bitcoin. That means every trade involving coffee has to involve the use of bitcoin as the exchange medium and this created a permanent demand for bitcoins on the exchange markets
Oh ok... Well, that would be awesome if we could get some people (here: farmers) ready for it. Well, I will be visiting a conference that will be taking place here in India and will be proposing some ideas of mine.
I have investors ready, but still need some guidance on how to set the things up in order for them to work smoothly. One of my concepts is a Hotel/Restaurant or a Coffee Shop opened where only Bitcoins will be used as mode of payment, as it will get exposed to new users, they will ask what it is, so at that time, we will be able to let them know how it works and let them buy it from us only at our rates at some better margins...
In fact, why would one give information about Bitcoins for free?
I am also thinking to opening an institute especially for CC in order to let the students understand what CCs are and why are they still sustainable and what is their use, etc...
I suppose what OP is trying to say is similar in analogy like what we have with crude oil and dollar. Imagine this scenario. If a person wants to buy coffee, the only currency accepted by the farmers is bitcoin. That means every trade involving coffee has to involve the use of bitcoin as the exchange medium and this created a permanent demand for bitcoins on the exchange markets
This works for all forms of agricultural products grow in the 3rd world. Farmers can earn more for their family. Problem is this has already been done in fiat. Why do it in bitcoin?
Farmers don't get a fair deal because they don't have the education to know how to sell their own harvests properly. For example farmers used to get something like .01 penny/pound Then it rose as Folgers grew up, then starbucks, and then we have today where there is a large fair trade market, which can still be improved even more, cutting out even more people. Soon the farmer is going to receive an order directly from the roaster. and the roaster can be almost anywhere in the world.
The innovation is when you make a cup of coffee, the technology advances perhaps to a point in 10 years where coffee is automatically deducted from our wallet which goes to the coffee roaster, who can now place an order for more beans..
The goal is to cut out the middlemen, perhaps, roasting beans will become a do it yourself thing…
We don't need behemoth corporations, especially in a debt based system. They can and will squeeze the life out of the people and leave them destitute.
This works for all forms of agricultural products grow in the 3rd world. Farmers can earn more for their family. Problem is this has already been done in fiat. Why do it in bitcoin?
I've toyed with these types of ideas since i learned of bitcoin. The key here is we are crossing borders with a completely legal, lightly regulated industry.
My initial thoughts to make it secure is to, have someone on this end act as retailer/wholesaler who receives the product but also sells directly to customers either shipping or walk in.
The basics I have seen regarding green bean is that your looking for maybe 10-50cents/lb profit. In bitcoin this is okay, once things get going, you can absolutely lower your prices, beat the market, and have as reggie middleton calls it, margin compression, where if 2016 is projected to earn 10% profits on 1 million in revenue. 2017 will see 7% profits on 10million
2018 will see 4% on 100million
2020 will see 1% on 1 billion
2025 will see .1% on 100billion. <--- at this point everything is automated…. Keep that in mind also. no one owns it. It becomes an autonomous corporation. Farmer is connect directly to the end consumers economy/demands
How, go there and learn the farm side of things first hand. Learn the local culture, some language, make some friends. They know your not bullshitting as things have already improved a lot on the income side of things for in recent years, however I think there is still a way to go for them and the consumer.
But then to basically make the farmers your friends, while basically doing the same here, working to get to know all the coffee bean roasters, but you gotta get them buy using bitcoins and to ad the platform for their customers to buy the final product with their own bitcoins.
If you can sell 25,000 lbs of green coffee beans in the next 12 months at cost. 2000 lbs of coffee a month, or 500 lbs/week which basically means you need to find 10 people to buy at least 50 lbs of green coffee beans a week…
So if you can find 10 coffee roasting businesses to buy 50 lbs/week, every week in bitcoin that is your start.. Once you accomplish that, it is your goal to hire a 3rd person, and each of your goals is to find new customers each week with the goal of 1 new customer each week who buys at least 50 lbs of coffee($200/week) After one year you will have a highly profitable company that will grow itself.
Don't worry about the money or this or that. Just be ready to sell some coffee beans..
My initial thoughts to make it secure is to, have someone on this end act as retailer/wholesaler who receives the product but also sells directly to customers either shipping or walk in.
The basics I have seen regarding green bean is that your looking for maybe 10-50cents/lb profit. In bitcoin this is okay, once things get going, you can absolutely lower your prices, beat the market, and have as reggie middleton calls it, margin compression, where if 2016 is projected to earn 10% profits on 1 million in revenue. 2017 will see 7% profits on 10million
2018 will see 4% on 100million
2020 will see 1% on 1 billion
2025 will see .1% on 100billion. <--- at this point everything is automated…. Keep that in mind also. no one owns it. It becomes an autonomous corporation. Farmer is connect directly to the end consumers economy/demands
How, go there and learn the farm side of things first hand. Learn the local culture, some language, make some friends. They know your not bullshitting as things have already improved a lot on the income side of things for in recent years, however I think there is still a way to go for them and the consumer.
But then to basically make the farmers your friends, while basically doing the same here, working to get to know all the coffee bean roasters, but you gotta get them buy using bitcoins and to ad the platform for their customers to buy the final product with their own bitcoins.
If you can sell 25,000 lbs of green coffee beans in the next 12 months at cost. 2000 lbs of coffee a month, or 500 lbs/week which basically means you need to find 10 people to buy at least 50 lbs of green coffee beans a week…
So if you can find 10 coffee roasting businesses to buy 50 lbs/week, every week in bitcoin that is your start.. Once you accomplish that, it is your goal to hire a 3rd person, and each of your goals is to find new customers each week with the goal of 1 new customer each week who buys at least 50 lbs of coffee($200/week) After one year you will have a highly profitable company that will grow itself.
Don't worry about the money or this or that. Just be ready to sell some coffee beans..
What exactly are you trying to say/going to do?
I mean, I feel that my concept meets yours and is a bit same, but would want to know that what and how exactly are you planning to do/establish/initiate such operations and where?
It will help me a lot too as I have been thinking of this way before, but had no help from Sponsors, but now I think someone having same thinking like me can help me out in getting started...
I ain't asking for any financial help, but giving me knowledge kinda "Getting Started Guide" will be a big help...
I mean, I feel that my concept meets yours and is a bit same, but would want to know that what and how exactly are you planning to do/establish/initiate such operations and where?
It will help me a lot too as I have been thinking of this way before, but had no help from Sponsors, but now I think someone having same thinking like me can help me out in getting started...
I ain't asking for any financial help, but giving me knowledge kinda "Getting Started Guide" will be a big help...
If farmers were willing to accept bitcoin, or even not bitcoin but cash, but someone like I or some other highly intelligent person were to organize coffee farmers and the coffee bean roaster in say, America. They catch is that the buyer and the seller need to be willing to use bitcoin for the transaction.
Perhaps the seller ships the product up front to establish the relationship, all accounts get active management to breed strong relationships. And connect in the best way possible coffee beans from the country of origin to the the larger consumer worlds.
Coffee is a unique product, as it is largely consumed and prepped far outside the region it was grown in. It is the most common beverage in the world. 2nd being Tea 3rd being beer. And America is in the midst of a coffee roasting and 'light roast' boom. The retail side of the gourmet artisan stuff things is becoming a very big and highly profitable area of the economy.
The thorny issue arises by trying to create a true peer 2 peer marketplace when there is a large knowledge gap on both sides of the border. One country I was looking at on a map for gigglez, is Costa Rica.
I would have to act as a middle man, and perhaps even escrows would need to get involved, at least initially, with goal of transitioning over the next decade or so to a true p2p marketplace, in which my service wouldn't be needed at all. Places like openbazaar are not going to work, at least not any time soon with newness of it and bitcoin. I am not bashing open bazaar, but rather mentioning it would be very difficult to get behind a platform like that.
In the short term this could create a niche for me to profit from, while also getting top dollar for the farmer, and the best price for the buyer. Perhaps unroasted coffee beans are already incredibly inexpensive when purchased in bulk, and this entire idea is unworkable even if it were not for the knowledge gaps in the potential participants using bitcoin.
were to organize coffee farmers and the coffee bean roaster in say, America. They catch is that the buyer and the seller need to be willing to use bitcoin for the transaction. Perhaps the seller ships the product up front to establish the relationship, all accounts get active management to breed strong relationships. And connect in the best way possible coffee beans from the country of origin to the the larger consumer worlds.
Coffee is a unique product, as it is largely consumed and prepped far outside the region it was grown in. It is the most common beverage in the world. 2nd being Tea 3rd being beer. And America is in the midst of a coffee roasting and 'light roast' boom. The retail side of the gourmet artisan stuff things is becoming a very big and highly profitable area of the economy.
The thorny issue arises by trying to create a true peer 2 peer marketplace when there is a large knowledge gap on both sides of the border. One country I was looking at on a map for gigglez, is Costa Rica.
I would have to act as a middle man, and perhaps even escrows would need to get involved, at least initially, with goal of transitioning over the next decade or so to a true p2p marketplace, in which my service wouldn't be needed at all. Places like openbazaar are not going to work, at least not any time soon with newness of it and bitcoin. I am not bashing open bazaar, but rather mentioning it would be very difficult to get behind a platform like that.
In the short term this could create a niche for me to profit from, while also getting top dollar for the farmer, and the best price for the buyer. Perhaps unroasted coffee beans are already incredibly inexpensive when purchased in bulk, and this entire idea is unworkable even if it were not for the knowledge gaps in the potential participants using bitcoin.
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