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Author Topic: Food industry and cryptocurrency  (Read 2672 times)
awesome31312
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September 10, 2016, 08:07:55 PM
 #21

Can't see this taking off at all, sorry buddy. I'm pretty certain it wouldn't work. Why couldn't they just continue to use fiat or even bitcoin. People who farm or catch lobster make a lot of money they won't need to stray too far from what they do now which works any way.

You would be surprised at how the availability of computers is going up exponentially. Farms will not only implement Bitcoin, but I'm pretty sure that independent markets which are threatened by the government (most of which are farms and ranches) will make a killing selling things like raw milk and rain water on hidden marketplaces.

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September 11, 2016, 02:06:50 AM
 #22

This is actually a neat prediction. However I really doubts that they will be releasing their own cryptocurrency because marketing a new altcoin takes time. And Bitcoin, I mean cryptocurrency is a new technology, big farming corporations may know how to use it. However their customers may not know how to use it.

It will be a better alternative for farmers or farming companies to start accepting a already polished crypto like Bitcoin or Litecoin.

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September 11, 2016, 05:54:08 AM
 #23

Can't see this taking off at all, sorry buddy. I'm pretty certain it wouldn't work. Why couldn't they just continue to use fiat or even bitcoin. People who farm or catch lobster make a lot of money they won't need to stray too far from what they do now which works any way.

You would be surprised at how the availability of computers is going up exponentially. Farms will not only implement Bitcoin, but I'm pretty sure that independent markets which are threatened by the government (most of which are farms and ranches) will make a killing selling things like raw milk and rain water on hidden marketplaces.
I don't think so because a lot of farm and ranches is still assisted by the government, and maybe very complicated for selling their results into hidden market and too many time will just wasted for doing that if the people in their environment is still need their results.

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September 11, 2016, 10:16:09 AM
 #24

Totally agree with these guys saying that we need a strong currency like foodcoin (personally i dont want a name like foodcoin, dont want the coin thing at the end , bells me alarms from the past mooncoin,titcoin, etc lol ) it must be one coin for all ! so no competition or pnd schemes from comptetitors , but what will happen if this goes trading & a whale join the scene ? the whale will own the farm prolly... dont know sounds complex , i prefer btc or the main crypto currency by then.. one for all
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September 11, 2016, 11:04:29 AM
 #25

In the near future, you will see many farm companies releasing their own cryptocurrency
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
Because of that reason, the value of their farm cryptocurrency will only go up. Other paper currencies will always be manipulated and beaten down by central banks' frauds.


Here's an example:


A lobster farm will release their own cryptocurrency called Lobster coin
A clam farm will release their own cryptocurrency call Clam coins
A crab farm will release their own cryptocurrency call Crab coins
A tuna farm will release their own cryptocurrency call Tuna coins

These farm coins will be back by real money value also known as food value.
(put money where their mouth is)


This will not going to work, I think most of the community or people might get confuse into it. Why not try to use one main coin and then give the main details of benefit so that people might get aware unto it.

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September 11, 2016, 11:08:22 AM
 #26

I agree to other ideas to stick to one coin not making many coins according to the food name so it will not confuse other people and making it easy to memorize .
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September 11, 2016, 11:48:31 AM
 #27

In the near future, you will see many farm companies releasing their own cryptocurrency
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
Because of that reason, the value of their farm cryptocurrency will only go up. Other paper currencies will always be manipulated and beaten down by central banks' frauds.


Here's an example:


A lobster farm will release their own cryptocurrency called Lobster coin
A clam farm will release their own cryptocurrency call Clam coins
A crab farm will release their own cryptocurrency call Crab coins
A tuna farm will release their own cryptocurrency call Tuna coins

These farm coins will be back by real money value also known as food value.
(put money where their mouth is)


I think it make no sense to build coins for every farm/food. Because cryptocurrencies are backed by blockchain technology, which supports decentralized services.

First thing food is composting material so it has limitation in distribution globally. Also if such coins listed in crypto market who will decide price of such coins.


And most important thing is we can use blockchain technology as service to give better administration, governance and system. We cannot use it for trading of physical things bcz price matters. In such cases fiat currency always play important role.

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September 11, 2016, 12:21:34 PM
 #28

In the near future, you will see many farm companies releasing their own cryptocurrency
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
Because of that reason, the value of their farm cryptocurrency will only go up. Other paper currencies will always be manipulated and beaten down by central banks' frauds.


Here's an example:


A lobster farm will release their own cryptocurrency called Lobster coin
A clam farm will release their own cryptocurrency call Clam coins
A crab farm will release their own cryptocurrency call Crab coins
A tuna farm will release their own cryptocurrency call Tuna coins

These farm coins will be back by real money value also known as food value.
(put money where their mouth is)


i don't think that the farm companies will be releaseing their own cryptocurrency because not many farm company that know bitcoin and they didn't know about bitcoin technology. if the farm company wants to release their own coins, they should think about many thinks, especially who will use this coins, what this coins benefit for people, how strong this coins will be survive in the market, and is this for short term or long term. beside that, many thing should be prepare.

i can't imagine if this coin is release in cryptocurrency. maybe this farm will get bigger but for sure is this farm companies need big budget to create and release their own coins.

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September 11, 2016, 03:58:48 PM
 #29

Can't see this taking off at all, sorry buddy. I'm pretty certain it wouldn't work. Why couldn't they just continue to use fiat or even bitcoin. People who farm or catch lobster make a lot of money they won't need to stray too far from what they do now which works any way.

You would be surprised at how the availability of computers is going up exponentially. Farms will not only implement Bitcoin, but I'm pretty sure that independent markets which are threatened by the government (most of which are farms and ranches) will make a killing selling things like raw milk and rain water on hidden marketplaces.
I don't think so because a lot of farm and ranches is still assisted by the government, and maybe very complicated for selling their results into hidden market and too many time will just wasted for doing that if the people in their environment is still need their results.

They're not "assisted" by the government. They are forced into government intervention. Some of them do contest it, with severe consequences. Just look at the Bundy Ranch as an example.

It will happen eventually, but before that, the hidden markets will need to go mainstream, and we must come to realize that government does not exist.

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September 11, 2016, 07:18:01 PM
 #30

People will not buy into Alt coins that can be pump n dumps and also be manipulated. The fiat system is not the only thing that can be

manipulated. The farmers can ask the developers to change parameters as they go, if this is not a public Blockchain. These farmers will be

better off using Bitcoin, because it has a already established network, and people using it.  Wink

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September 11, 2016, 07:22:20 PM
 #31

Farming is the past and the future.
So it only makes sense that it evolve just like our currency has.
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September 11, 2016, 07:25:09 PM
 #32

I would love to be able to buy a Big Mac or a Whooper with bitcoin.
But I doubt we will see this occurring because McDonald's and Burger King are too big of a francaises to allow bitcoin to be accepted.
When it comes to farming sure. It is dire need of some capital to be put into it for it to continue to be profitable for the farmers to do this sort of work.

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September 12, 2016, 10:38:12 AM
 #33

I think OP's idea is not that far from reality. It's not that hard to make an altcoin based on how frequent a new altcoin occurs. I just don't think farmers would do such a thing because most of them and the people around them aren't into Internet things like Bitcoin. Maybe if a company like McDonald's, then the possibility is much higher. The altcoin will serve as a token to buy things.

It's a cool idea but I don't think they will fund this project. Not that much people knows about Bitcoin, let alone altcoins. And also, why do that much effort to get an altcoin just to buy your burger when you can pay directly using your fiat.

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September 12, 2016, 10:57:08 AM
 #34

If the companies ever do start making their own cryptocurrencies, I doubt that anyone would actually buy them. Saying that, I doubt that the farming companies will even want to make their own altcoin. I think that Bitcoin should only be accompanied by altcoins that are actually going to succeed.

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September 12, 2016, 11:02:11 AM
 #35

indeed its very complicated.. other businesses nowadays wont even adapt to bitcoin and other alt coins.. and most of the farmers are not that techy in nature..   Smiley
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September 12, 2016, 11:16:35 AM
 #36

good idea . but it will be very difficult to develop. we can not impose its will in determining each coin used.
This would make the limitations that might be a blunder to drop the coin. the realization of which may not be light.

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September 12, 2016, 12:07:17 PM
 #37

In the near future, you will see many farm companies releasing their own cryptocurrency
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
Because of that reason, the value of their farm cryptocurrency will only go up. Other paper currencies will always be manipulated and beaten down by central banks' frauds.


Here's an example:


A lobster farm will release their own cryptocurrency called Lobster coin
A clam farm will release their own cryptocurrency call Clam coins
A crab farm will release their own cryptocurrency call Crab coins
A tuna farm will release their own cryptocurrency call Tuna coins

These farm coins will be back by real money value also known as food value.
(put money where their mouth is)



That means we have to mine 100+ coin to deal with various situation to but various items. It's definitely a not good idea to launch so many could, returned it would be best to have one coin for all  that is bitcoin.
There are allot of difference between these two because i think that bitcoins are made for other things instead of buying food of it need to be used for other things for sure and i know for sure that not allot of people are buying food with coins.
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September 12, 2016, 12:20:53 PM
 #38

i was at a meet up a while back where a guy was taking about linking crypto to pork exports to china, very interesting
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September 12, 2016, 12:23:04 PM
 #39

I don't think it will work or even will come across by farmers on making their own money. It will create a complication on the different kinds of money for example: you need a different currency just buy buying ingredients for your dinner time food, that would be several kinds of currency. And also would you think the government will approved this kind of system? In which farmers can hoard all the coins in order to increase its value? I don't think it would be right.  

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awesome31312
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September 12, 2016, 04:16:35 PM
 #40

indeed its very complicated.. other businesses nowadays wont even adapt to bitcoin and other alt coins.. and most of the farmers are not that techy in nature..   Smiley

I already addressed this. I used to actually live about twenty minutes from the country side, I was really surprised that they started implementing Android tablets to receive orders. It's not uncommon, times are changing.

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