Topic: crypto for the development of local farmers...can.....? - page 4. (Read 536 times)

The problem with any good based business is that there cannot be a very comprehensive blockchain solution for them exception for their supply chain. Their production and harvesting can in no way be connected to blockchain, only place where you want atleast some sort of reporting and ease is the supply chain where you want a place where sellers could meet buyers and eventually sell their harvests at a transparent price. What I also feel is that farmers or field workers don't have the expertise to access these sort of solutions especially in the countryside and in developing/ underdeveloped countries, so there might not be much use case of such a thing.

A certain coin needs further improvement and development so the agricultural sector would notice it. Most farmers don't have time for the internet but if the developers of coins would introduce it formally including the advantages of the coin, I'm sure that it would attract the agricultural sector to invest in it or to adopt it as an agricultural coin.

Here is why I do think it's an amazing idea and why it would work for developing countries.

The farmers grow and sell in a bulk to the middle man which then sells to consumers. Now the cost is very very different. Let me tell you some stats. The cost of something x as sold by the farmer is generally = 1y but when you buy it from the middle man it's 20y.

Now the reason farmers are not able to do anything is because they do not make profits for them since sometimes fertilizers etc are provided by the middle man, now this cycle continues for ages and they are always on the border.

Now if a farmer can sell his vegetables for even 10y then he would be making 10 times the profit on every sale. This would only work if he has good knowledge of cryptocurrencies and how he can use them, which again highlights another probelm: the lack of education in the poor sector of the society.

Now the government might have to ;
1. Give free classes to teach them about cryptocurrencies and how they can be used to expand their business
2. Provide them easy loans to start it on their own for the time.
3. Have a good support system for them till they are able to understand how everything works.

This is hands down an amazing idea and this way even local farmers can have a say in the national and international markets.

Money can help the farmers so cryptocurrency can help the agriculture but never relate the growth of an agricultural related shit project with the effective use of cryptos in that field. No more shit coins and tokens, bitcoin can do the enough things needed so lets stop feeding the scammers in the name of new ideas.

I don't think so unless cryptocurrency is used just to fund the development of these agricultural lands other than that I don't see any uses of it. However, a blockchain certificate can be used to determine the authenticity of that product and its origin. Blockchain can be used to food supply chain and to boost its consumers trust.

The reason why those shitcoins fails is simple.... it has no other use case, so the farmers and people buying those tokens cannot do anything with it. Instead of creating a bunch of shitcoins, why not just use Bitcoin with 1000's of merchants and people wanting it. 

A lot of these shitcoins are created by the developer to "pump n dump" the tokens and for quick profits. The "agriculture" use case is just a selling point to get people to buy it. 

Oh, but they can, and they usually beat the crap out of them, two graphs that show why, leaving aside subsides:





If farmers in the western world would stop 50 3rd world countries will starve out, for example, the once-mighty Egypt is the biggest importer of wheat and others could easily follow its path. It's not as much about subsidies that would indeed cause some bankruptcy till the prices will skyrocket all over the world and farming in Europe would become again profitable but the consumers would get screwed, but a thing of machinery and very low human labor force.


Pretty sure the investors went bananas...

I didn't follow the agriculture crypto coins much, but it seems there was no big breakthrough yet. Farmers are usually not very technical people, so it might be hard for them to fully understand crypto currencies. Without the understanding it will be hard to get them involved with new projects. The question I would ask is, why should the coins only be limited to the agricultural sector? All types of crypto coins can offer values for business, wouldn't it be better to go for a more generic project that can be used by many different business. There are sectors who would profit strongly from their own crypto project, but it always comes down to the number of investors and who would actually use it. Having a special crypto coin for farmers, manufacturers, and other essential business should create a lot of demand. Limiting the scope of new projects to a niche area can make it become forgotten very fast.

I agree, I was also perplexed because it is still not applicable to the farming sector because crypto is, in my opinion, for broad terms that could apply to all but when only money is involved, when it comes to farming, machines or technology is the best which is a tangible because they are growing crops or other things However, I believe that it is still usable as a payment mechanism, but it has had no significant influence on their lifestyle or farming operations.

The agriculture sector isn't very financially sustainable.It's really difficult for a farm to become profitable and stay profitable in a long period of time.That's why most of the farms in the western world have all those financial support programs and cheap loans.They can't compete against the cheap production coming from the underdeveloped world.
Can the crypto industry help the agriculture sector in both developed and underdeveloped countries?
I don't think so.
The farmers living in rich countries need constant financial support from the government.
A new "agricoin" won't help them in the long run.
The farmers living in poor countries also need financial support,in order to buy better equipment and raise productivity.Can some random crypto coin help them achieve this?Maybe yes,or maybe no.It depends of how honest the developers of the crypto project actually are.Won't they turn into scammers?


  

Here is another one that I had close interest in back when ICOs were more "glamorous" called Bananacoin - https://www.investopedia.com/terms/b/bananacoin.asp

ANN Thread still exists here - https://bitcointalksearch.org/topic/ann-ico-bananacoin-worlds-first-blockchain-option-for-banana-plantation-2112748

The topic should be read by every new investors out here, shows the reality of what can actually happen to many lucrative sounding projects that could have been well developed, but failed to do to reasons unknown. Currently the site has not been updated for a year.

I think cryptocurrency can be used for a lot of positive development, but it is not a magic bullet to every problem - a bubble that had been created by ICOs a few years back and then everyone was creating a coin for everything possibly you could think of, leading to a large number of garbage projects. Crypto can be used to fund a farm and its architecture, furniture, electricity and expansion. It can be used as the mode of payment for online services that the farm can provide. But all these things need time to grow and they will not happen overnight. Maybe these failed projects can be the starting step of some new startup, I am optimistic of such.

Not really, no one hasn't thought of the right thing yet that can help the agricultural sector when it comes to cooperating with crypto. There's one that I've heard of which is Farming Tales, you can actually get your profits in the form of produces from their partner agricultural sector or you could do a token although I still don't completely understand how it all benefits both sides, at the least we have some point of reference for future projects right?

All those "crypto for specific use case" are scams and shitcoins. There's absolutely zero benefits for creating a currency for one field or use case. The whole point of money is to be exchangeable for everything.

Crypto can't do anything for farmers. It's just money, a payment systems, it can't really solve any problems not related to that.

I think the fact is this kind of project won't really help the agriculture sector, they don't have use as what they had promised to deliver it correctly.

I agree with the comment above that they only raise funds for their own benefits, after this they will slowly disappear, so what is the reason that they will exist, how they can help local farmers through their projects? I don't know how but I think there is no real development.
However, maybe other projects can do this but in local farmers, I felt have a negative result.

Maybe this projects are not properly marketed to countries wherein farmer agriculture is still one of the main source of income for their population?

Or I guess still depends on the nation? if they are not into crypto then how can you promote this projects to them?

I guess the goal here is good no doubt about, but it might take years to really apply this project to farming sector as there are obvious a lot of challenges in the line.

Agriculture used to be the bed Rock for industrialization in my country, but since long it's just been a means for survival for people and large scale farming has been substituted for other things -crude oil, coal and more-, now I will not expect a coin which was created and said to be to support or start a return of blossoming agriculture to work, no I don't think crypto-currency as such, first the excitement and interest in agriculture is down and the coin would be bought by investors if they had to for profit rather than to use it for agricultural development.

There are projects that are only using a certain sector for their promotion and goal. But as you've said that if there's no progress at all then that shows that you know what type of project they are. That's why many of those projects that have main focus didn't become successful.

I believe so but there's no need for any project to deal with it. Bitcoin alone can help the farmers if there's an actual way of doing and funding them through it.

People always tend to use the term agriculture into their project and raise funds, but end of the day this doesn't have any connection with the agricultural people. With the gain of massive amount of funds why don't they make the project more effective and beneficial to common farmers who aren't that skilled with technology.

With dentacoin the project aims at connecting the dentists around the globe. Through this platform they're able to manage everything associated with dentistry. Same as that why can't be a project developed and made successful for the farmers benefit.

My comment is going to differ from the first comment that says that developer should focus on something else apart from raising funds.  For me I think it’s all about doing things right,  maybe those who have been doing it are not doing it the right way, and that’s why they keep on failing.

It’s all about having a team in this agricultural sector that would develop a project like this and be more focused on the success of the project, and how it is going to keep thriving and not end up as one of those other agricultural cryptocurrency projects that you have seen. It's still going to be all about raising funds, because that’s the only way I can see cryptocurrency being part of agriculture: investors are going to invest in this coins and the funds will be used to invest in agriculture by those that are behind the project to make income.

The more investors keep going with their investment, their funds is being put more into agricultural produces, and to generate more profit in return. That’s how I imagine it.Funds should be put on agricultural structures and many more things that are going to benefit the agricultural sector and also benefit the investors. And for investors to have access to these opportunities they will have to invest in these tokens or coins.

One site dead, the other got a "rebranding" and went from agriculture to NFT, I wonder why I even bothered to check.


There is another question, why even apply cryptocurrencies in the agricultural sector?
What real advantage will some shit tokens provide?

I'm coming from a family that is involved in farming, for 4 generations that's what we have done on our land or on the state land as it was used to be called for a short amount of time. I've spent hours debating with people here and I can't still find one damn reason why should my parents or their business partners use a token. You want to get rid of fiat , good, use BTC but a token has zero impact.


It's damn obvious they have no plan on actually doing something, why would you need a token to share data?
You can make a Facebook group and everyone could post there their opinions, their methods, do advice, and all that for free!!
We have in our region both a forum, a FB group, and an WhatsApp group where everyone will know in a minute all the prices for everything, from seeds to fertilizer to the average moisture for the last day crop.