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Topic: Bitcoin vs Agriculture (Read 580 times)

full member
Activity: 882
Merit: 110
May 11, 2021, 03:01:16 AM
#71
Bitcoin can be used for all fields, including agriculture. You can sell bitcoin and replace it with money, then you use the money to develop agriculture. there are many steps for you to be able to use bitcoin properly, so don't worry friends with your bitcoin
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
May 12, 2021, 11:00:00 AM
#70
What do you mean by "vs"?
If you want to compare the two, agriculture has the upper hand. Agriculture has a harvest cycle in which the estimated profit can be predicted even close to "certain" on a routine basis. Both bitcoin and agriculture have something in common to be profitable: you have to take care of it, and wait for it to grow. This means that the two of them cannot support each other simultaneously.

how can i use bitcoin to improve my plantation farm? Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
I understand this that you need capital in bitcoin, right? If you don't have enough bitcoins, invite bitcoin holders to invest in your business that can give bitcoin returns as well.
hero member
Activity: 1344
Merit: 565
May 11, 2021, 12:26:19 AM
#69
The only way for you to use Bitcoin for your Agriculture is If you are accepting Bitcoin as a means of payment for your farm produce and your farm in using Bitcoin as well to purchase things for the form, say, seedlings, equipment's etc. Most organizations that are involved in using Bitcoin can only do it in that form, they either accept Bitcoin as payment and might also use it for Purchase from those that accept and sell what they want to buy too.
sr. member
Activity: 1918
Merit: 370
May 10, 2021, 07:52:45 PM
#68
I would agree there is a big niche in the agricultural sector where bitcoin hadn't seen much use and purpose yet. I honestly can't think of ways bitcoin can be useful to farmers either besides teaching them the value of investing their money vs. regular old saving it in the bank. I would assume this would change in the future as bitcoin expands it reach across the world where more and more use-case and purpose will be found but for now, unfortunately I believe investing in it is the only help it could give you.
sr. member
Activity: 1876
Merit: 318
May 10, 2021, 05:58:56 PM
#67
The only way I can see for you to be able to use BTC in agriculture is by investing your money in BTC to grow your capital then buy more crops/lands etc.

Remember that BTC is a digital gold, and do you see GOLD to be beneficial to agriculture? if you see it, then you might be able to see the ways for btc to work with your plantation.

With investing in Bitcoin, we can indeed make large amounts of money, because it has been proven that Bitcoin is now the best asset to be able to
make money. Then the money generated from investing in Bitcoin can be used for various things, including buying lands for farming. That way Bitcoin
can contribute to agriculture, therefore do not hesitate to invest in Bitcoin.
legendary
Activity: 2184
Merit: 1012
May 10, 2021, 05:52:55 PM
#66
Within plantation if there is group of farmers working as a unit then the blockchain technology might help with the effective working, this means for the management purpose and not for the farming. Likewise for establishing of information and sharing ideologies within the farming community the technology can be used. NFT can help with securing the newly formed products. More we explore thers is possible chance of bitcoin usage which at present doesn't look so prominent and promising.
I do not think that blockchain technology with its redundancy is the best technology for managing processes in agriculture, and other traditional technologies are much more effective at solving the necessary tasks. The blockchain is much better suited for storing and verifying information, but not for operational management. Much greater prospects could be in the field of payment transactions and transactions, as well as in the field of microcredit, but these areas are not exclusively related to agriculture and specifically bitcoin, but rather with other cryptocurrencies or tokens.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
May 10, 2021, 04:49:41 PM
#65
Within plantation if there is group of farmers working as a unit then the blockchain technology might help with the effective working, this means for the management purpose and not for the farming. Likewise for establishing of information and sharing ideologies within the farming community the technology can be used. NFT can help with securing the newly formed products. More we explore thers is possible chance of bitcoin usage which at present doesn't look so prominent and promising.
hero member
Activity: 2828
Merit: 611
May 10, 2021, 08:11:51 AM
#64
you can improve by common method. and you can introduce this stuff to other people you meet and related to your job.
I believe that is the only method we are having right now to make bitcoin to be incorporated to any kind of business. When bitcoin can be a payment processor (and your business is not about any kind of investments) then you need to adopt bitcoin as one of payment option so that people will do business with you in bitcoins. This way, I believe that any business can adopt bitcoin and revolutionize themselves according to the modern technology improvements.

I am not seeing any possibilities in my country for buying agriculture products or any of related things for bitcoin payments directly from farmers. But, I am hoping that will happen as quick as possible in this 4G/5G era.
legendary
Activity: 1610
Merit: 1003
May 10, 2021, 05:59:54 AM
#63
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.

the problem is people around you, or people you meet, they know about bitcoin or just ordinary man? when you meet cryptoman, not only agriculture, also the other platform will be able to use bitcoin as payment or to improve your business field.
but, you can improve by common method. and you can introduce this stuff to other people you meet and related to your job.
full member
Activity: 1148
Merit: 158
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May 09, 2021, 05:09:18 AM
#62
The only way I can see for you to be able to use BTC in agriculture is by investing your money in BTC to grow your capital then buy more crops/lands etc.

Remember that BTC is a digital gold, and do you see GOLD to be beneficial to agriculture? if you see it, then you might be able to see the ways for btc to work with your plantation.
full member
Activity: 268
Merit: 100
May 09, 2021, 01:41:24 AM
#61
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 and agriculture are two completely different fields. You may be an agricultural engineer who is good at farming, breeding, but not sure that you are good at Bitcoin. This is an investment area that needs high capital and is quite risky. But if it succeeds, it will bring you huge profits. If you want to participate you must learn carefully about the cryptocurrency market.
legendary
Activity: 2534
Merit: 1338
May 08, 2021, 12:35:22 PM
#60
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.
If right now you cannot find a use for bitcoin where you live then most likely this has to do with the fact that no one is accepting bitcoin and no one around your community even knows that it exist, as such the opportunities of bitcoin helping your farm are limited at best, however you can use it as a store of value as many people around the world are doing right now, if you can do this and hold your coins for the long term then you are going to get great economic benefits given enough time.
full member
Activity: 952
Merit: 107
May 08, 2021, 12:09:22 PM
#59
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.

I agree. You have to grow what you planted. In agriculture, sometimes you have to risk and believe that the seed you buy have to germinate 100% to avoid loss. While in bitcoin,  you are 100% sure that it is legit and what you have to do is make sure that you trade for the right time. Both are giving you profit when you take good care of them in your hands. In agriculture, you make sure to have harvest everyday to eat while bitcoin can be hold when it doesnt grow for the moment.
sr. member
Activity: 1414
Merit: 326
May 08, 2021, 11:43:58 AM
#58
Bitcoin is usually the king in the world of crypto there are many differences between agriculture and bitcoin. It is possible to improve agricultural work by investing in but bitcoin cannot be used through agriculture most of the farmers in our country are ignorant have no knowledge about their bitcoin and cannot develop agriculture through investment the world bank provides low interest loans zero interest credit and a variety of grants to developing countries. These programs and resources are designed to help achieve important achievable results in key areas such as health education economic development infrastructure construction maintenance and agriculture.
full member
Activity: 640
Merit: 104
May 08, 2021, 11:24:54 AM
#57
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 open a business selling fruits or selling vegetables and then you can receive payments using bitcoin. We can buy fertilizer or buy insect poison with Bitcoin if there is a farm shop that accepts bitcoin as payment but if there is no farm shop that accepts bitcoin payments then we are forced to exchange Bitcoin into real money.
legendary
Activity: 2128
Merit: 1775
May 08, 2021, 10:55:54 AM
#56
Does it mean farmers cannot use bitcoin to improve their peasant or plantation farm?
Kindly share your idea to help someone.
the main and basic understanding, you have to distinguish between crypto / Bitcoin with agriculture, this is actually very far in meaning.

• If you want to invest with your farm yields in Bitcoin you can, you have to set aside a small amount of farm produce to invest in both the long term and the short term.
• increase, if you have invested and benefited from Bitcoin, you can make an increase to add capital for the needs of the farm that you manage.

Conclusion: If you have a profit, for example you buy Bitcoin in 2020 which is 1 Btc and the price of the farm is $ 6,000, now you can sell it for $ 58,000 / 1 Btc, This means that you can take advantage of this to increase your agricultural needs, for example: buying new land and so on.
member
Activity: 1204
Merit: 38
May 08, 2021, 10:35:49 AM
#55
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 is just a currency so if you know how to develop your farming and increase the productivity rate when you have capital then bitcoin can help you with that, simply it can be converted into fiat so you can spend it on necessary requirements to grow your farming rate.

You can also accept bitcoin as a payment mode while you are selling your products to the companies or customers if both are interested in peer to peer transactions.
full member
Activity: 574
Merit: 125
May 08, 2021, 10:23:18 AM
#54
It seems like your title is far different from what you want to say, maybe you should change your title into Bitcoin in the agriculture industry, it is hard to think how can we connect both things as we know that both things are far different, Agriculture is done through physical things while bitcoin is in technology but just like other companies you can connect bitcoin to your farm or agriculture if you make bitcoin as your means of payment but that is not easy, your customer should also know about crypto first.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
May 08, 2021, 01:52:23 AM
#53
~
Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate
If they lag behind then you should start the innovation because  you have the knowledge and as a first adopter, you are going to be the one going to profit much more since you are the only one so far in this innovation.
full member
Activity: 812
Merit: 100
www.cd3d.app
May 08, 2021, 01:40:57 AM
#52
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.
Indeed, it can make bitcoin a medium of exchange, but the problem in my country is that the farming sector is still dominated by conventional people, where they lag behind the world of technology, let alone bitcoin. This should be a concern, so that more young people will participate
member
Activity: 714
Merit: 16
May 07, 2021, 09:30:14 AM
#51
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
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
May 07, 2021, 03:34:40 AM
#50
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.
sr. member
Activity: 532
Merit: 250
May 06, 2021, 05:50:15 PM
#49
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 .
jr. member
Activity: 1708
Merit: 3
May 06, 2021, 02:43:39 PM
#48
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
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
May 05, 2021, 04:34:41 AM
#47
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.
full member
Activity: 868
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May 05, 2021, 04:28:54 AM
#46
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.
member
Activity: 909
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www.cd3d.app
May 05, 2021, 04:27:43 AM
#45
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.
hero member
Activity: 2408
Merit: 584
May 05, 2021, 03:06:51 AM
#44
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.
full member
Activity: 453
Merit: 104
May 05, 2021, 02:18:04 AM
#43
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.
hero member
Activity: 2170
Merit: 530
May 04, 2021, 01:08:44 PM
#42
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.  
hero member
Activity: 2044
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Leading Crypto Sports Betting & Casino Platform
May 04, 2021, 12:57:55 PM
#41
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.
sr. member
Activity: 1050
Merit: 286
May 04, 2021, 11:50:30 AM
#40
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.
full member
Activity: 1638
Merit: 122
May 03, 2021, 08:56:11 PM
#39
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  .

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
hero member
Activity: 1274
Merit: 622
May 03, 2021, 07:47:20 PM
#38
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.
full member
Activity: 1303
Merit: 128
May 03, 2021, 04:47:03 PM
#37
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.
hero member
Activity: 2716
Merit: 552
May 03, 2021, 04:16:32 PM
#36
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.
member
Activity: 276
Merit: 11
May 03, 2021, 08:42:40 AM
#35
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
legendary
Activity: 3542
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May 03, 2021, 07:00:03 AM
#34
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
hero member
Activity: 2632
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Jack of all trades 💯
May 03, 2021, 06:47:07 AM
#33
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.
full member
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May 03, 2021, 06:24:39 AM
#32
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
hero member
Activity: 1400
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May 03, 2021, 02:25:54 AM
#31
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.
sr. member
Activity: 1344
Merit: 253
May 03, 2021, 02:17:14 AM
#30
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.
legendary
Activity: 2730
Merit: 1288
May 02, 2021, 06:29:24 PM
#29
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.
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May 02, 2021, 04:30:16 PM
#28
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.
legendary
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May 02, 2021, 03:52:04 PM
#27
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.

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.
legendary
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May 02, 2021, 08:12:36 AM
#26
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.
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May 02, 2021, 08:06:17 AM
#25
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.
hero member
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May 02, 2021, 08:06:06 AM
#24
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.
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May 02, 2021, 07:58:05 AM
#23
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.
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May 02, 2021, 07:39:26 AM
#22
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.
legendary
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May 02, 2021, 06:35:25 AM
#21
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...


hero member
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May 02, 2021, 06:03:09 AM
#20
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.
sr. member
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May 02, 2021, 05:13:11 AM
#19
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.
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May 01, 2021, 07:14:51 PM
#18
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.
sr. member
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May 01, 2021, 06:57:21 PM
#17
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.
legendary
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May 01, 2021, 05:42:15 PM
#16
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.
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May 01, 2021, 05:37:28 PM
#15
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.
legendary
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May 01, 2021, 04:57:30 PM
#14
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.
sr. member
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May 01, 2021, 04:13:09 PM
#13
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.
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May 01, 2021, 03:30:23 PM
#12
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.
legendary
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May 01, 2021, 11:37:53 AM
#11
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
legendary
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Blackjack.fun
May 01, 2021, 11:10:22 AM
#10
how can i use bitcoin to improve my 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.
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May 01, 2021, 11:03:21 AM
#9
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.

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 !
sr. member
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Bitcoindata.science
May 01, 2021, 10:55:14 AM
#8
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 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
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May 01, 2021, 08:51:23 AM
#7
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!
hero member
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May 01, 2021, 07:11:06 AM
#6
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.
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May 01, 2021, 06:52:00 AM
#5
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 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.
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May 01, 2021, 06:23:20 AM
#4
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.

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.
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May 01, 2021, 06:15:25 AM
#3
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.
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May 01, 2021, 05:50:36 AM
#2
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.

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.
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May 01, 2021, 05:45:40 AM
#1
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.
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