Post
Topic
Board Economics
Re: agriculture and bitcoin
by
rockminer1
on 03/02/2020, 20:49:33 UTC
I have an idea. You can create a coin using which you can buy local agricultural products in your country. In this case, people or some organizations or shops that want to buy this products will be required to start buying this coin. Since the coin is constantly bought on the exchanges, the price of this coin is constantly growing. The creators of this coin (the ministry of agriculture of your country) receive a lot of money because of this. As a result, everyone is happy, people have local goods, agriculture is flourishing and in demand.

I think it does not work. Local people don't know how to use bitcoin. We're selling products for fiat right now.


Perhaps I did not understand the essence of the matter a little, but it is possible to connect cryptocurrencies and agriculture.
The most obvious example is to issue a token that can be exchanged for a certain amount of your products, this can be useful if your country has an unstable national currency.
Or you can do an ICO / IPO to expand your business, through the issuance of tokens for the rapid development of your economy.

We did ICO but it was a not success story for selling tokens Smiley but our farm are growing and growing up. https://www.coingecko.com/ru/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B/ecopole

I agree with this, they can take advantage of the technology and create their own coin with its sole purpose of helping develop our agriculture.

It does not work. Examples: banana coin, milkcoin, Biocoin, etc.

In reality I right now can create a new token with name CowGold and selling it on the Etherdelta, because I have a lot of cow's excrements on my farm, but local people don't know about Ethereum and Etherdelta. And people from Etherdelta no need CowGold. I joked about CowGold but I hope you understood my irony.