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Author Topic: Bitcoin vs Agriculture  (Read 534 times)
Kamarah
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May 09, 2021, 06:41:24 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.

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Natsuu
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May 09, 2021, 10:09:18 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.

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May 10, 2021, 10:59:54 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.
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May 10, 2021, 01:11:51 PM
 #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.

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May 10, 2021, 09:49:41 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.
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May 10, 2021, 10:52:55 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.
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May 10, 2021, 10:58:56 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.

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May 11, 2021, 12:52:45 AM
 #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.
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May 11, 2021, 05:26:19 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.
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May 12, 2021, 04:00:00 PM
 #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.

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