Bitcoin vs Agriculture - page 3. | Bitcointalksearch.org

doomistake

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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.

Your title is misleading, I guess it should be Bitcoin's use in Agriculture industry. You should remove the word "vs" since it sounds like you're pitting a completely two different things - which looks absurd to me.

To answer your question, you should first have enough knowledge about bitcoin and how it works. It won't be an overnight process, but it would be worth it if you'll dive deep into understanding its nature. After gathering enough knowledge and information about btc, you can share it to your farmers and business partners. Educate them about it and slowly, invest on bitcoin. Set up a limit depending on your risk appetite. Maybe after that, you can also consider accepting bitcoin as payment in exchange for your raw goods.

andriarto

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Quote from: Febo on May 02, 2021, 07:29:24 PM

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

Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?

You can use it as mean of exchange. To by and sell farm products. Problem is that Bitcoin have high fees and solution for Bitcoin high fees is not that helpful. Hopefully eventually second layer solutions will be widely used and you will be able to use it in your farming life. Right now Bitcoin for you can be only as a speculation. You can speculate with its value. It worked very well for many so far. Question is for how long.

not only the agricultural sector, other sectors may also experience the same thing. We can imagine that with a large fee, each transaction will require additional fees, indeed on the one hand, with bitcoin the payment will be faster, but with a large fee, I think it is not suitable at this time.

Febo

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

Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?

You can use it as mean of exchange. To by and sell farm products. Problem is that Bitcoin have high fees and solution for Bitcoin high fees is not that helpful. Hopefully eventually second layer solutions will be widely used and you will be able to use it in your farming life. Right now Bitcoin for you can be only as a speculation. You can speculate with its value. It worked very well for many so far. Question is for how long.

crzy

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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.

Farmers should have the right information first before accepting bitcoin and I have to agree that not all the problem can be solve by blockchain technology or bitcoin itself. Bitcoin created for different purposes and that’s to give financial access to those who can’t, agriculture is quiet complicated though.

SquallLeonhart

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

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.

Yeah, except accepting as one of the payment option, I am too unable to think more on this. If we want to incorporate bitcoin into anything, then only immediate viable option is payment solutions. Or, a business may adopt bitcoin as a store-of-value for long term good ROI investment opportunity.

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

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

But for every business where multiple payment options are available, bitcoin may provide its own way of solution like non-reversible electronic payments solutions Cheesy

.

mindrust

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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.

Farm > Bitcoin.

There will always be a demand for food as it has been since the existence of humans but we don't really know if bitcoin will exist in the next 20 years. Bitcoin is way more risky therefore the potential returns are greater. If you have any throw away money, go try it but I would always keep the farm.

Even Bill Gates is buying farms lately.

bL4nkcode

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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?

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.

VanityWallets2015

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You could either sell your crops and buy Bitcoin and after that when the price of the Bitcoin increased, you can sell it and convert it to fiat. In other words you will invest to Bitcoins however due to the changes of price of Bitcoin or volatility the risk is very high you can also sell your crops in exchange for Bitcoin.

bitgolden

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

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?

How many people in your region are using bitcoins or at least got awareness about electronic payments or about cryptocurrency payments. Because, to improve your farming business, you must need cooperation from other crypto people so that you can accept/spend bitcoins. I am just talking with respect to a typical farmer in my country as you have not mentioned where you are from.

I'm sure you could get good chances to improve your business by adopting bitcoin as one of your payment option. Because when you're accepting bitcoin for your farm products, you can attract completely new set of customers for our products.

Reatim

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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.

Why made it a problem? just Use for investment thats it.. For now there is a limit in Bitcoin incorporating in businesses like yours in connection to no direct needs of internet.

But there was a Thread in altcoin section that i remember that talks about fisherman's wanting and organizing their business worldwide and incorporating in crypto not only Bitcoin but altcoins as well.

iv4n

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OP still didn't change the topic headline... as some others advised!

How can anyone use Bitcoin for improving their agricultural business!? Simply, you use it as money! What can you do with money is the same you can do with Bitcoins, if you have them... pretty much the same as money, you can use it if you have it!
And how to get your hands on the money or Bitcoins?! You offer your services and you get paid for that! You can accept BTC directly or you can buy it later if you think it's a good investment...

Taskford

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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.

For now if you want to have an improvement of your farm by using bitcoin you should announce that you are accepting bitcoins in every transaction made by your buyer, I'm sure for this you will be the content of the news or maybe became a headline of many crypto related articles and from that you will get a free attentions from investors.

Be the first who do that on your place since once you do that I'm sure your fellow farmer will follow.

AniviaBtc

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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.

Cling18

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If you're in a developing country, then you should wait until the agricultural world accepts and adopt cryptocurrency. If you want your farm business to grow this time, then convert your funds to fiat so you could have your Bitcoin useful for your field of business. There are still fields of businesses that need mass adoption and it still takes time for that to happen.

Oceat

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Bitcoin has a lot to offer just like how the other businesses use Bitcoin as a means of payment. It's either you want Bitcoin to be another source of investment or use it as a means of payment because it is a currency also. And I think that's the only way how you use Bitcoin to help grow your agriculture business or you can choose the investment part.

I can't think any other way of connecting the two as nature and technology but I think somehow, someday, someone will make an innovative creation to make use Bitcoin in a natural environment such as forest or agriculture.

Hydrogen

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Farmers could offer crypto support for buying produce, seeds, livestock, et cetera.

The addition of crypto merchant support could realistically boost sales 5% or more. It may also be realistic to mark up prices slightly on crypto transactions, the way that bitcoin ATMs do.

There are crypto based fractional real estate investment websites which allow consumers to buy and share in a small share of real estate ownership and profits. If may be possible for farms to offer a similar arrangement. There could be many consumers interested in investing in organic crops and homesteading. Offering them fractional shares of an organic farm (with a small dividend) could generate capital for expansion plans, funding more equipment and so on.

I think government laws and regulations. And terms that banks (who often own farm land) offer to farmers are the two largest factors determining farm viability, business and profit models. Those two areas may be difficult for crypto to have an impact. But there are other areas, which could have potential.

verita1

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OP, Husires has given you a good explanation why bitcoin is good for the purpose you want or for anyone.
My recommendation would be that of your capital you invest 50% in bitcoin, 25% in an altcoin (ether or bnb), 25% cash. It is a pilot test try it with small amounts and if it is positive to cover your needs, repeat.

The idea is to save in bitcoin for a long time for future investments and in altcoins also because they will allow you to earn profits in the medium term to make your agriculture business more prosperous.

Husires

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Bitcoin makes it easy for a farmer to avoid inflation, which may eat up a lot of his capital, making the possibility of expanding land.
Bitcoin is used as a store of value and you can conduct international transactions with it, and if the country's laws are tolerant of exports, you can easily export your stock without banking complications.
Bitcoin is not a solution to all economic problems. inflation is the current problem that Bitcoin solves for you with the possibility of increasing capital.

goaldigger

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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.

Bitcoin may not directly help you but if farmers know how to invest on Bitcoin, then this can provide other source of income for the farmers instead of relying on one source and since climate change is a big thing already, your crops might be wasted if bad climates hit your country.

I’m thinking for the usage of blockchain technology on a huge crops company but I don’t think blockchain will work to a small time farmer. To improve the life of the farmers, they must know their value and know how to deal with many people so they offer their crops at the right amount, you can also accept bitcoin to pay for your goods but then again, you still need to learn everything.

livingfree

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

Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?

Yes, you cannot use bitcoin for that improvement but for its purpose, you can use it as an investment and payment because it's for everyone who wants to buy and adopt it.

What basic step is to make your own bitcoin wallet like Electrum or those exchanges wallet that will provide automatically conversion of bitcoin payments into USD like Bitpay.

If you happen to start accepting bitcoin, I think that's the next step.

And while you farm, you can hold it if you just bought it. Since you've mentioned business and farm, those are the things that I can connect for you to improve some business idea.

Topic: Bitcoin vs Agriculture - page 3. (Read 552 times)