Topic: Food industry and cryptocurrency (Read 2912 times)
Its a very good idea to habe a coin hacked by an actual farm. Investing in a farm sounds good to me. People always need to eat and so the demand is endless. If you can supply fast enough you stand to make a great deal plus even more when the value of the currency increases in the exchange. It will be a good way to create more jobs for other people to also work on the farm and be paid in the currency which counts as an investment too if they do not sell right away. If they do want to sell right away I would suggest you pay them bitcoins instead and leave the coons for those who want to make an investment. The best part is the minimum invest!end amount doesnt exist and can be $0.01 if you like.
It's not that easy because BTC needs confirmation time and you'll have to sit there waiting for the confirmations so that you can pay.Apart from that I think BTC is a great means of payment for sure.
Your right the payment speed is one of the problem but i think if they can convert in just like convert it into points first. To use it easily without waiting for transaction because you convert it already into points but they should invented a card for points so that they can pay fast or instantly without waiting for confirmation.. Instant has to become more like instant and the payments have to be as quick as cash or credit in order for many types of businesses to accept it.
The governments of the world will not allow for < Commodity coins > to be traded, without their intervention and manipulation. They want full control over all currencies to manage the economy in the way they want to. The consumers will also not accept this. Imagine if you want to buy 1 lobster and 1 Apple and 1 bread etc.. and you will have to deal with separate Crypto currencies for each? This will not work. ^sorry^
I don't think this can work, it will just make big confusion on the market. Process of buying something from farmers will be harder, and for farmers will be harder to pay bills, and harder to buy things he need for the farm.
Like in second comment in this thread, its much better everyone to focus on one crypto currency,and try to make one strong coin then to split our forces on many smaller ones.
This idea is almost impossible when I think about uniting farmers across the world for some computer thing, they are farmers probably many of them are not so good with technology. Its going to be hard to persuade them to accept system like OP is suggesting.
Like in second comment in this thread, its much better everyone to focus on one crypto currency,and try to make one strong coin then to split our forces on many smaller ones.
This idea is almost impossible when I think about uniting farmers across the world for some computer thing, they are farmers probably many of them are not so good with technology. Its going to be hard to persuade them to accept system like OP is suggesting.
What makes...
...result in...
I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
...result in...
Because of that reason, the value of their farm cryptocurrency will only go up.
?I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
It makes sense to me. In a voluntary mutualist society, we would value tangible goods/services like food over some piece of paper issued by the government in exchange for labor. Cryptocurrency is a great way to exchange without government interference.
What makes...
...result in...
I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
Hahahaha I think he is wanna for saying if the food is a primary need for a lot of people and maybe in his perception caused by that the value of farm cryptocurrency will go up like his said. but maybe it's less than my logic in my mind. Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
...result in...
Because of that reason, the value of their farm cryptocurrency will only go up.
?I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
What makes...
...result in...
I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
...result in...
Because of that reason, the value of their farm cryptocurrency will only go up.
?I know you're a troll, but i really want to know what the logic is that links the fact that farmers realize that their means are the food they grow to them realizing that cryptocurrency "will only go up"?
Releasing all kind of various altcoins instead of focusing on one main crypto will be a downfall of cryptocurrency. We need to have strong leading coin. Not dozens of weak ones.
I absolutely agree with this, and I do believe bitcoin is the strong one by far. But I think in the future we might use some of the *brand name* ones concurrently. Like litecoin, dash, and the big ones that actually have a community. They all have value and can all be used as currency. These smaller ones are going to be absolutely worthless and there definitely does not need to be so many of them. They're dying off as we speak.Copy cat clones are worthless, but if an alt has a truly revolutionary idea, I would support it.
We have Bitcoin as the leading crypto, but not every idea can be implemented by the developer team.
I kind of doubt it will work, i think we prefer 1 strong currency like bitcoin rather than alot of alt coin which the value is small, so i think its best if we can encourage them to just use bitcoin, it will help bitcoin to boost and they can rely bitcoin as a good payment
Releasing all kind of various altcoins instead of focusing on one main crypto will be a downfall of cryptocurrency. We need to have strong leading coin. Not dozens of weak ones.
I absolutely agree with this, and I do believe bitcoin is the strong one by far. But I think in the future we might use some of the *brand name* ones concurrently. Like litecoin, dash, and the big ones that actually have a community. They all have value and can all be used as currency. These smaller ones are going to be absolutely worthless and there definitely does not need to be so many of them. They're dying off as we speak.
Releasing all kind of various altcoins instead of focusing on one main crypto will be a downfall of cryptocurrency. We need to have strong leading coin. Not dozens of weak ones.
I absolutely agree with this, and I do believe bitcoin is the strong one by far. But I think in the future we might use some of the *brand name* ones concurrently. Like litecoin, dash, and the big ones that actually have a community. They all have value and can all be used as currency. These smaller ones are going to be absolutely worthless and there definitely does not need to be so many of them. They're dying off as we speak. 
It's not that easy because BTC needs confirmation time and you'll have to sit there waiting for the confirmations so that you can pay.Apart from that I think BTC is a great means of payment for sure.
Your right the payment speed is one of the problem but i think if they can convert in just like convert it into points first. To use it easily without waiting for transaction because you convert it already into points but they should invented a card for points so that they can pay fast or instantly without waiting for confirmation.. Instant has to become more like instant and the payments have to be as quick as cash or credit in order for many types of businesses to accept it.
It's not that easy because BTC needs confirmation time and you'll have to sit there waiting for the confirmations so that you can pay.Apart from that I think BTC is a great means of payment for sure.
Your right the payment speed is one of the problem but i think if they can convert in just like convert it into points first. To use it easily without waiting for transaction because you convert it already into points but they should invented a card for points so that they can pay fast or instantly without waiting for confirmation..
i do not know what to say exactly but its a prtially good + bad idea. as because it will not only let farmers keep an access into the market but also make bargannig for products more. i mean if farmers know the actual price then that will be costly for us
It's not that easy because BTC needs confirmation time and you'll have to sit there waiting for the confirmations so that you can pay.Apart from that I think BTC is a great means of payment for sure.
At first, I thought it was a great idea to make food into some kinds of currencies but after thinking about it more, I don’t quite support that idea. Because if each kinds of farms release their own cryptocurrencies like mentioned then it’ll be a total mess with a bunch of weak coins. So why don’t we just concentrate on one coin and strengthen it. It’s like why countries mostly use only their national coins instead of a long list of useless currencies.
The one issue that I see that could slow things down is the confirmation aspect. Fast food would not be fast food if your payment could take up to an hour or more to get confirmed to the point their company would want.
Third party wallet companies have addressed this and there is a system spoken of here on the forum, but that does add a governing party in there.
The one issue that I see that could slow things down is the confirmation aspect. Fast food would not be fast food if your payment could take up to an hour or more to get confirmed to the point their company would want.
I do not know why you are all taking OP so seriously but is there a chance that he is trolling? I have seen him before at Politics and Society and some of his threads are conspiracy theories that are way out there.
But for what the idea is worth maybe a food token could be worth something. I am thinking something like "crypto food stamps" that are accepted in exchange for food items in a grocery store. They cannot be counterfeited, double spent and the transactions are transparent on a blockchain.
But for what the idea is worth maybe a food token could be worth something. I am thinking something like "crypto food stamps" that are accepted in exchange for food items in a grocery store. They cannot be counterfeited, double spent and the transactions are transparent on a blockchain.
This won't happen in a short or long as the digital currency acceptance is very low compared to other physical currency usage. So when entire universe accepts digital currency, it paves path for such advancement in the field of farms and other food industries.
You may have a point here, but if you observed the current trend. crypto currency especially the bitcoin is gaining more acceptance and more big companies are utilizing the importance of it. Gaming also for another. But in food industry, it must be simplified first maybe like the used of BTC ATM , as farmers have dont time to study the technicality of this blockchain,wallets etc.
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