Currently, bitcoin is just an investing instrument which is a favor of many investor. There is actually no direct way to link your farm to bitcoin to benefit your plantation. You can only benefit yourself with both of them by working on farm for money and then convert them to bitcoin. Once you feel that bitcoin is high enough, you can sell your bitcoin to buy more lands or facilities to improve your farm
Bitcoin is believed as blockchain 1.0 while blockchain 3.0 tries to connect instantaneously to the real world to enhance living experience as well as working. As far as I know, we are just in the first stage of blockchain 3.0
Topic: Bitcoin vs Agriculture - page 4. (Read 552 times)
how can i use bitcoin to improve my plantation farm?
Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Unless you play Farmville, no, there is no direct way.
Bitcoin is either a currency or an investment, depends on how you treat it.
So think, can gold improve directly your farming, help you grow better crops, make your cows eat less, and give more milk? No!
Can gold once exchange to money or simply money in the first place allow you to buy better equipment, better seeds, more and better treatment for crops as well as plowing and harvesting machines, of course it can
So you either focus on the investment part and try to use bitcoin as a source of future income or you get another job as a reader, but there is no way of combining those.
The first step is obviously you should start accepting the payments in bitcoin for your farm sells. I mean you can start the cycle of bitcoin payments starting with Fertilizer purchases to selling your fruits or veggies in the market. This can be done I guess.
Yeah, the dream of every vegetable grower..
Sell two cabbages for 50 cents plus $20 in fees and if the fees are too high simply wait two weeks with rotten fruits in the shed till the fees go down.
Or only sell at night during the weekend when the fees are for a few hours cheaper than the basket.
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.
Kindly share your idea to help someone.
Hello
You can definately use bitcoins !!
Kudos for asking tho.
-We have something called Lightning network ⚡ , it's something that would work perfectly for small businesses. Now what you can do is , you can set up a small store with your vegetables or crop , whatever you are growing and give users an option to pay in "Bitcoins", now this money will directly go in your wallet and you can sell it when you have enough or you can decide to hold for a long period of time.
OR
You can go international with your business and you can try and use websites to promote your particular special crop , for example- there are farmers importing sweet potatoes in ukraine and getting paid *10 times !! But they have to go through banks, payment, use third party apps etc.. so you can allow the payment through lightning network and when it's confirmed which is instant in most cases , you can go though your order without any third part. Now you might ask why you need bitcoins when it can be done using banks ?
The banks don't allow deposits from international numbers and at the same time some of them create a lot of problems altogether. Therefore at this time bitcoins would be very important for you !
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.
Kindly share your idea to help someone.
Bitcoin is a currency like other centralized currency although for Bitcoin we would say it's decentralized. Bitcoin can be applied in all sector of life. In agriculture people buy your farm produce and others still invest in your farm with the aim of getting a return when the produce is ripe. For you to transaction with Bitcoin has a farmer you should start by engaging in mechanised farming and also be open to investors. By this your farm produce will grow beyond the normal yield and would also attract others as well who would love to invest with cryptocurrency in general
Bitcoin is a currency (money) and farming/agriculture is a totally something different. There is no way bitcoin can improve your farming skills or anything.
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.
Like you said, different business and people uses it to improve their investment. You can do the same. Invest in bitcoin, make profit and use your profit to improve your farming system. Or you may start accepting bitcoin from your clients as a payment method. Convert like 80% of it to fiat while holding rest. Less profit in the beginning, but in the long run you won't be regretting at all! Kindly share your idea to help someone.
The first step is obviously you should start accepting the payments in bitcoin for your farm sells. I mean you can start the cycle of bitcoin payments starting with Fertilizer purchases to selling your fruits or veggies in the market. This can be done I guess.
Or if your concern is that nobody is interested in bitcoin payments then you can open up the online store / e-commerce store where people with digital payments will mostly visit. There you can have bitcoin or crypto payment options and sell in that fashion.
Or if your concern is that nobody is interested in bitcoin payments then you can open up the online store / e-commerce store where people with digital payments will mostly visit. There you can have bitcoin or crypto payment options and sell in that fashion.
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.
Kindly share your idea to help someone.
I don't understand the question. Improve how? And how do those other business men are doing it exactly? Are they acceptong some new payment methods or something? I am not sure how that would improve anything except maybe you would get some new customers. I think that Coinbase is offering payment methods for firms these days. Bitpay did it at least while ago too. So you might want to look at their services.
Or are you looking for some supply chain solutions that some blockchains offer? Maybe you should ask what those other business men did, but it sounds like someone is selling you something and you might want to take it with a grain of salt.
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.
Kindly share your idea to help someone.
First of all, you should remove the word "vs" to your title since your goal is to incorporate Bitcoin to agriculture and not to compare them.
Bitcoin is an asset or currency so you should start considering that. You can introduce Bitcoin to farmers as an investment. You can allocate some of there profit in cryptocurrency as life savings then take profit once the price goes up. And also you can use it as payment system for your product. You can ask your buyer to pay in Bitcoin.
Yes, the title can be - Bitcoin in Agriculture Industry.
One way is really explore your options in the payment area. If you are selling your farm products, you can give an option to your buyers to pay in bitcoin. You can use your local exchange rate if clients are asking what rate you are using. If you don't have your own website, you can even put a signboard in your farm like - bitcoin is accepted here. You are now helping in the adoption of bitcoin in your local area.
Convert your bitcoins to fiat so you can use it better since it isn't widely adopted in the agricultural sector. I might be wrong and you are doing it already but that is the only way that I think that bitcoin can help you.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
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.
Kindly share your idea to help someone.
First of all, you should remove the word "vs" to your title since your goal is to incorporate Bitcoin to agriculture and not to compare them.
Bitcoin is an asset or currency so you should start considering that. You can introduce Bitcoin to farmers as an investment. You can allocate some of there profit in cryptocurrency as life savings then take profit once the price goes up. And also you can use it as payment system for your product. You can ask your buyer to pay in Bitcoin.
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.
Kindly share your idea to help someone.
Jump to: