Bitcoin vs Agriculture - page 2. | Bitcointalksearch.org

bosede1

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Can you please share an example of a business that bitcoin has improved and how? this will help me to know the angle you are taking your point or observation from

Lorence.xD

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Quote from: cute nmp on May 06, 2021, 03:43:39 PM

l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.

That's like the only way possible, and either OP could sell his/her harvest only in bitcoin or make bitcoin as an option for payment, I think that it could work because I have seen a rice retailer in my country that are selling rice with payment options include bitcoin, ethereum, litecoin and other coin that I forgot the name.

mrongos

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Honestly, I don't understand what your question is, Bitcoin is only one of the many payment methods that you can offer to your customers. Who knows your customer is a bitcoin user, making it easier for other payment options besides physical money and banks. The problem of your farm growing or not depends on how you manage your farm, not from bitcoin. It's different if you use a bitcoin payment instrument, then you manage it into an investment so that your money can increase, but you have to realize that bitcoin also has all the bad risks that can make your money run out, if you don't want to learn and are not good at assessing the market .

cute nmp

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l have studied agriculture during my tertiary education but I find it hard to figure out how bitcoin can be used in the agricultural field.The only way is to make an investment in bitcoin or receive payment in bitcoins for your farm products which will also help to encourage it's adoption within your local community.

Ucy

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I guess Op is asking to know if the farm can be funded with bitcoin investment/loan. .
I think it's possible to obtain Bitcoin loans for farming businesses if the repayment can be guaranteed or if the loan can properly used... It's also possible to get people to invest their bitcoins in the farm. We need to figure out how to do things without problems to the investors and the business owners. Some of the things that can be used for this are probably virtual collaterals, some sort of kyc (decentralized kyc) or borrowers Reputation.

zanezane

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The problem that I can see with this one is that your sector must not be familiar with cryptocurrency in general so it will be problematic if you use bitcoin and they want to use fiat. Maybe you can stick to doing fiat and then taking those profits and converting them yourself.

Kez1817

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Maybe it's difficult and risky but you can try. Invest some percentage of your profit from farming in bitcoin, just hold and wait until bitcoin reach another ATH before you sell it. Then, try to accept bitcoin payment for your farm products. But you need to advertise that you accept bitcoin as payment so that you can attract many people into your business.

doomloop

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Quote from: uneng on May 04, 2021, 01:57:55 PM

Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.

Honestly We need to take this like people are deliberately looking for some innovation into their regular routine works. Because of lack of innovation in most of our day-to-day sectors, people who are all involving into those business, seeking some improvement so that they are believing changes of their lifestyle somehow. So I'm not seeing this like annoying when someone is looking for enhancement into agriculture because of bitcoin/blockchain technology.

At least through being a new and innovate payment processor, bitcoin may help agriculture in terms of attracting new customers and then regular buyers.

Ausgewielt

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We can't work alone, I think at least you should hire cryptocurrency expert and a developer. As I am only an entrepreneur then I only can give you an idea. Like a business in general, financial management has important role in business. You can start crowdfunding to gain more capital so you can increase your production capacity but don't do this if your country didn't regulate it yet. However we should comply with government regulations. Since bitcoin has many advantage in term of medium of payment then you can start accept bitcoin, so bitcoin users can buy your product. It is mean you will have one more segmented market. Maybe my idea is not the best, please read other suggestions from other members suggestions as well.

molsewid

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Quote from: AniviaBtc on May 02, 2021, 06:13:11 AM

It is sad that in reality, there is still adoption of bitcoin in terms of agricultural sector and this enlightened me that it can also be used in this type of locality.

Hoping that bitcoin will be applied in agricultural area so that they see how bitcoin works and this will be the edge for the bitcoin adoption in rural areas.

Both are important and I think that if these two combined and connected into a system, it is probably become a way to another development in the community.

Our country is know for it's rich agriculture but I don't understand why government need to import agriculture goods in other country. Sadly, farmers here are not paid well and experienced discrimination. It will be big help for farmers if bitcoin will be applied in agricultural area. Bitcoin should enlighten first what is bitcoin and how it works. I agree with you that if farmers and bitcoin combined and connected into a system it become an another progress/development in the country. If it happened it will be a big help to farmers community and bitcoin also. I love to hear projects that has a good purpose for the people.

uneng

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Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.

sapnu

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

I don't think it would be advisable for farmers fo correlate the use of bitcoin in selling their crops. There is a huge difference between huge business or industry to agriculture. It may seem that the agriculture sector provides most of the needs of people but most of the time, they get paid unfairly as those who exports the fruits and vegetables makes a lot of money as they increase the price for each compared to the price they bought it. Bitcoin promotes modernization but there will be parts of culture it wouldn't be able to cover including agriculture.

imstillthebest

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farming is your main business and what is the relation of btc to your farm ? btc is not a rake , shovel or any tools that you can use to improve your farm . what you need is to look for tips about agriculture and not tips on how btc can help you in your farm .
dont compare your business to others because thier business are btc investing and the main character that they are using is bitcoin .

Quote from: just_Alice on May 03, 2021, 08:47:20 PM

Build a mining farm instead of growing crops? Cheesy

Jk, sorry, that just sort of slipped.

this is closer to btc and we can give better tips if he first upgrade his farm to a btc mining farm

just_Alice

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Build a mining farm instead of growing crops? Cheesy

Jk, sorry, that just sort of slipped.
But in all seriousness, why in the world would you compare these two? How do other businessmen improve their investments with Bitcoin, can you be more specific? Some businesses are in direct relation with money flows, stocks, etc., and crypto for profit in such cases is applicable.
The only way I see it in your situation, you can make money (not guaranteed) by acquiring and then selling BTC at a higher price. Then, with the money, you can do something to improve your business.

Scripture

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Quote from: bL4nkcode on May 02, 2021, 09:06:17 AM

Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?

You can only do is to accept bitcoin as one of your payment in your farm. As bitcoin is just a way for investment, nothing more. Related to your plantation, if you can find clients to accept bitcoin you can do it as well or just convert it to fiat.

Bitcoin or Blockchain can't solve every problem in this world though.

That’s also what I see with regards to this topic. Agriculture has its own different set of technologies that is not needed of any internet so therefore, Blockchain technology and Bitcoin wont directly affect them aside from accepting Bitcoin as mode of Payment, there’s nothing more to help them.

Oasisman

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Farmers can use Bitcoin, it's for everyone, but Bitcoin cannot help you improve your plantation farm literally or shall I say Bitcoin cannot magically grow your crops faster and free from damages lol.
However you can actually hold Bitcoin and wait for the price to pump then sell It when you have enough ROI to upgrade your agricultural machineries and other equipment to improve the productivity of your farming business.

jinxing

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maybe what Op means is applying Bitcoin to agriculture, if so, of course it can be done by creating an online shopping application that includes agricultural products specifically for sale to the public by means of payment options using digital currency (Bitcoin). currently there are many agricultural industries that take advantage of online sales services in this way, which needs to be paid attention to whether Bitcoin is popular enough in your country, so that people can use these services using the Bitcoin payment method

Kakmakr

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I have seen several small subsistence farmers in my country that approached their local farmers markets and then asked them to "accept" Bitcoin as a payment option at their stalls. This worked for farmer markets where there were a high concentration of bitcoin users in the area, but it was less effective where Bitcoin use was not that common.

Where do you sell your produce? Most retail outlets does not accept Bitcoin and you have to walk the Mile with them to get them to pay you in Bitcoin for your produce. (We give them 10% discount, if they pay us in Bitcoin for our goods that are manufactured, so it is an incentive for them to do that) Wink

arwin100

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Quote from: goldade on May 03, 2021, 07:24:39 AM

Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

You can accept bitcoin as a means of payment for your farm produces. You can include bitcoin in your company's investment portfolio.

This will really end the discussion since its so simple to answer this question where if he want to support bitcoin then he can start with accepting it as an option on his business, I'm sure it will create a good effect since this could bring more hype since bitcoins will have another good usage on agriculture sections.

goldade

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Quote from: Zanab247 on May 01, 2021, 06:45:40 AM

Bitcoin is a peer to peer electronics cash system while Agriculture is the production of crops and rearing of animals for man's use. I am a farm who is into subsistence and plantation farming in my country, but i find it difficult to use bitcoin to improve my farm the way others business men use bitcoin to improve their investment.how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.

Just like several people already mentioned, the thread's title is misleading. It shouldn't be 'bitcoin vs agriculture'. It looked as though you intent to compare bitcoin and agriculture and see which is better. I wouldn't suggest a title. Several have been suggested already.
Your question on how to use bitcoin and a farmer and how to use it to improve your farming business isn't a difficult thing to answer. Firstly, like the user above me mentioned, you must take time out to really understand bitcoin and how 8t works. Only then will you be able to maximise its potential and apply it in agriculture.
You can accept bitcoin as a means of payment for your farm produces. You can include bitcoin in your company's investment portfolio. Investing in bitcoin and making profits after holding for some months to a few years

Topic: Bitcoin vs Agriculture - page 2. (Read 552 times)