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Author Topic: A Farmer Investigating Crypto-Currency...  (Read 721 times)
24Kilo
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November 22, 2013, 04:30:01 AM
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Good day,

I am a small, organic fruit and veggie farmer located in the Southern Highlands of NSW and am considering adding crypto-currency as a possible method of payment for our produce. I am also experimenting with mining on a very small scale with the farm computers that sit idle for long periods of time. I know very little about crypto-currencies, so just learning and investigating the how this could be done and if it would be viable.

We provide regular deliveries to the Sydney basin and attend a several farmers markets in Sydney and the Highlands each weekend with our produce. The farm has been operating since 2008 and is a small operation with organic certification and a goal of sustainable food production.

If anyone is interesting helping with this project in any way, as a customer, consultant, etc, contact me via PM.

Thanks!

Edit - Apologies on the geographic vagueness... the farm is located in NSW, Australia and our primary market is Sydney, Australia.

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November 22, 2013, 04:37:41 AM
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Mining is probably a waste of your time.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
24Kilo
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November 22, 2013, 04:39:41 AM
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One thought: you should go to a bitcoin meetup in sydney and meet other bitcoiners

Your natural customers are in Sydney and environs

Good luck with this, I think it is a great idea

Thanks!

I did not know there was a Bitcoin meet-up in Sydney... if you can forward me the details... I will attend and present my idea and business.

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November 22, 2013, 04:39:47 AM
 #4

Good day,

I am a small, organic fruit and veggie farmer located in the Southern Highlands of NSW and am considering adding crypto-currency as a possible method of payment for our produce. I am also experimenting with mining on a very small scale with the farm computers that sit idle for long periods of time. I know very little about crypto-currencies, so just learning and investigating the how this could be done and if it would be viable.

We provide regular deliveries to the Sydney basin and attend a several farmers markets in Sydney and the Highlands each weekend with our produce. The farm has been operating since 2008 and is a small operation with organic certification and a goal of sustainable food production.

If anyone is interesting helping with this project in any way, as a customer, consultant, etc, contact me via PM.

Thanks!

Edit - Apologies on the geographic vagueness... the farm is located in NSW, Australia and our primary market is Sydney, Australia.

Good Luck! Agreed, probably best to meet up with local bitcoiners or even a merchant already in Sydney?

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November 22, 2013, 04:41:10 AM
 #5

Good day,

I am a small, organic fruit and veggie farmer located in the Southern Highlands of NSW and am considering adding crypto-currency as a possible method of payment for our produce. I am also experimenting with mining on a very small scale with the farm computers that sit idle for long periods of time. I know very little about crypto-currencies, so just learning and investigating the how this could be done and if it would be viable.

We provide regular deliveries to the Sydney basin and attend a several farmers markets in Sydney and the Highlands each weekend with our produce. The farm has been operating since 2008 and is a small operation with organic certification and a goal of sustainable food production.

If anyone is interesting helping with this project in any way, as a customer, consultant, etc, contact me via PM.

Thanks!

Edit - Apologies on the geographic vagueness... the farm is located in NSW, Australia and our primary market is Sydney, Australia.

You can consider trying Bitpay first.
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November 22, 2013, 04:42:26 AM
 #6

Hi 24Kilo,

I don't think its a good idea for a small time farmer to risk profit with a currency that is not 100% proven or 100% stable.

If i was you i would keep it in mind for the future and keep your eye on the coin market, In my opinion Crypto-Currency is to immature for a gamble of this nature.

But hey i could be wrong.

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November 22, 2013, 04:44:38 AM
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Hi 24Kilo,

I don't think its a good idea for a small time farmer to risk profit with a currency that is not 100% proven or 100% stable.

If i was you i would keep it in mind for the future and keep your eye on the coin market, In my opinion Crypto-Currency is to immature for a gamble of this nature.

But hey i could be wrong.

Bitpay can exchange to the local currency for you if you prefer to.
24Kilo
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November 22, 2013, 04:50:11 AM
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Thanks for the warm welcome...

Mining is just a bit of fun and learning and a way to expand my computers knowledge and skills, not intended to be a money-making venture.

I appreciate the advice about the currency risk, and while I have considered your concern, I plan to limit the crypto-currency sales to less than 5% of our gross sales for the foreseeable future. But I believe that the only way to really know if these currencies will work is to try to bring them into the mainstream. And I am hoping in a small way to maybe help that by allowing a few folks to buy their farm-fresh fruit and veggies with crypto-currencies.

Nothing ventured... nothing gained!

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November 22, 2013, 04:50:47 AM
 #9

Hi 24Kilo,

I don't think its a good idea for a small time farmer to risk profit with a currency that is not 100% proven or 100% stable.

If i was you i would keep it in mind for the future and keep your eye on the coin market, In my opinion Crypto-Currency is to immature for a gamble of this nature.

But hey i could be wrong.

Bitpay can exchange to the local currency for you if you prefer to.

I understand that but if Bitcoin drops in price under his profit threshold he will loose money and being a small time farmer every penny counts.

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November 22, 2013, 04:53:51 AM
 #10

I think the other replies are on point that:

1) You should try to meet up with some other bitcoin people to talk in person
2) Mining is very difficult these days (and it's not your focus)
3) Bitpay is becoming popular as a way for non-specialists to use bitcoins.

I'd add that it'd probably be a good idea to try to find some other merchants who use bitpay or who accept bitcoins so you can talk to them about the details.

BTW, I live in a river valley with a pretty good sized community of small, diversified, organic vegetable farms.  I love farmers!

24Kilo
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November 22, 2013, 04:57:05 AM
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I understand that but if Bitcoin drops in price under his profit threshold he will loose money and being a small time farmer every penny counts.

I agree that Bitcoin is too volatile at the moment to really be a workable, daily currency. I am thinking that Litecoin and DigitalCoin may be better alternatives. Just a thought.

Edit - I have been monitoring most currencies by their USD value instead of BTC or LTC exchange and some of the smaller currencies are quite stable. Albeit liquidity becomes an issue then.

24Kilo
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November 22, 2013, 05:07:44 AM
 #12

Is there a Sydney, Australia forum or meet-up for Bitcoin and crypto-currencies? I did not see a sub-forum for Australia.

Thanks!

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November 22, 2013, 05:21:18 AM
 #13

I understand that but if Bitcoin drops in price under his profit threshold he will loose money and being a small time farmer every penny counts.

I agree that Bitcoin is too volatile at the moment to really be a workable, daily currency. I am thinking that Litecoin and DigitalCoin may be better alternatives. Just a thought.

Edit - I have been monitoring most currencies by their USD value instead of BTC or LTC exchange and some of the smaller currencies are quite stable. Albeit liquidity becomes an issue then.
Holding smaller currencies is much more riskier than holding BTC or LTC in my opinion. They could disappear in any time. Moreover, if you want fiat back, you have much less choices of reliable exchanges to sell them.
24Kilo
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November 22, 2013, 06:04:23 AM
 #14

Holding smaller currencies is much more riskier than holding BTC or LTC in my opinion. They could disappear in any time. Moreover, if you want fiat back, you have much less choices of reliable exchanges to sell them.

Thanks... I suppose that is why crypto-currencies are still at the fringes.

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