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Author Topic: A Bitcoin business idea that I've been thinking of  (Read 8094 times)
SinCityVoluntaryist
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« on: April 02, 2013, 02:22:22 PM »

 Hey guys,

 I have this business idea going around in my mind for Bitcoin. Since I'm planning on investing in it, I thought that this idea would be, well, pretty cool to do, and I wanted to get your opinions on it. One thing that I haven't noticed a lot of in the Bitcoin world is a market for food. There are less than a handful of sites that act as good vendors. However, none of them offer food that could be considered high quality, organic goods. So, here's my idea: what if there was a site that could give the Bitcoin community access to organic, locally grown food all of types? At the same time, what if this site could also be used to give farmers and co-ops who sell items that the state deems unfit (i.e. raw milk) the potential to gain new customers through the power of the Bitcoin medium?

 In short, my idea is for a website that does these exact things. I've been thinking of names, and I like the way BitFarm sounds.

 I wanted to present all of you with this idea. Do you think it's workable? Would there be enough demand in the Bitcoin community for something like this?
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« Reply #1 on: April 02, 2013, 02:34:17 PM »

This is a good idea I was noticing this too when I was out on the Silk Road. Anything that we can do to increase the goods marketed in Bitcoin is a good idea to me.

I don't know what you have to do to get your food considered "organic" but I'm planning on growing food this year, and I intend to sell some of it.

Is the idea that you had in mind a website where various growers and co-op either pay upfront or with a percentage of goods sold through your website. In other words a sort of advertising website maybe like e-bay or Amazon for foods where the vendors want bitcoin?

I'm all for it and I would depending on how my harvest is this year be down to join up man.

Great Idea! Good luck!

Peace be with you.
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« Reply #2 on: April 02, 2013, 03:24:02 PM »

So what types of fruits and veggies sell good in the organic market and what do I need to do to my Garden to get my food to be "organic" aside from the fact that organic means a complex molecule containing carbon therefore by definition all known life is organic.

The point to all this is I haven't really planned out what I'm going to grow yet, though I was planning on beans/peas and squash, maybe some sweet potatoes and regular potatoes too.

What do you suggest?
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Democracy is
Two Zombies and a Sheriff
Deciding on Lunch."-Davi Barker
SinCityVoluntaryist
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« Reply #3 on: April 02, 2013, 03:28:42 PM »

 Well, I haven't started my own organic garden yet. However, my parents would like to start this year. There are a ton of vendors out there who sell organic, non-GMO seeds.

Example:
http://www.amazon.com/Emergency-Survival-Non-gmo-Non-hybrid-Variety/dp/B00531RPVS/ref=sr_1_5?ie=UTF8&qid=1364934485&sr=8-5&keywords=organic+seeds+non+gmo
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Agrarian_Agorist
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« Reply #4 on: April 02, 2013, 04:00:17 PM »

To be able via FDA to use the term Organic, the land needs to be first tested, and cordoned off -so to speak- for 5 or 7 years (it used to be 5, but I heard it is now at 7).  No chemicals of any kind can be used on this land and only certified organic compost, manure and other fertilizers can be used ever.  Then, after the FDA tests the land every year, when you are ready to plant, you can then only use certified organic seeds.

Most people don't do this, because 5 years without the ability to use the land, kills most -if not all- farmers.

I wouldn't worry about being certified; I would just list the truth about what kind of fertilizer, and seeds used.  Let the people decide if they want to buy it or not.
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dpalme
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« Reply #5 on: April 02, 2013, 04:07:24 PM »

I was thinking of selling maple syrup for bitcoin. It's the perfect time for tree tapping. I've never tapped for syrup though, so I'd have to do more research on it.
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« Reply #6 on: April 02, 2013, 05:00:10 PM »

I was thinking of selling maple syrup for bitcoin. It's the perfect time for tree tapping. I've never tapped for syrup though, so I'd have to do more research on it.

Gimme a ring if you do...I love me some maple syrup Smiley

@Sin It's a very good idea for a business- just realize that you're going to be investing a lot (read: A. LOT.) of time and money in the project, if for no other reason than your needing to coordinate local growers and suppliers, who likely number in the hundreds of thousands.

If I had to make one suggestion, start small- start in one state, or even one city so you can get used to having to work with hundreds of suppliers. I've never worked in business, but I can imagine the nightmarish hell you'll be living in to cater to each of their specific- and occasionally petty- needs and demands.

Also, make sure to get a hold of somebody experienced in this kind of business, even if only temporarily so you can get your bearings.

EDIT: Another suggestion, also offer the option to buy in dollars, and maybe offer small (but in bulk substantial) discounts for using bitcoins, hopefully to incentivize some greedy geizers to look into it.
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Agrarian_Agorist
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« Reply #7 on: April 02, 2013, 07:18:12 PM »

I was thinking of selling maple syrup for bitcoin. It's the perfect time for tree tapping. I've never tapped for syrup though, so I'd have to do more research on it.

You know it takes about 5 gallon of fresh maple sap/syrup to equal 1 pint of maple syrup after it is boiled down -the ratio is 40:1; I just thought you should know.  Also, you should not tap the same tree consecutive years.
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Agrarian_Agorist
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« Reply #8 on: April 02, 2013, 07:51:16 PM »

I also forgot to tell you that maple syrup collection happens in the Fall as the sap is draining from the tree.  If you tried collecting the sap in the Spring/Summer time, you would kill the tree.
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123Berc
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« Reply #9 on: April 02, 2013, 09:19:40 PM »

I think selling "unfit" products by state to the bitcoin community is a great idea. It would open eyes to more people how government is making wealth go to waste by making things "unfit" etc.

As for the business opportunity, it would be really thought. You would have to convince the farmers to try it out, then you would have to figure out how to distribute those foods keeping them fresh, how to anonymize peoples addresses, how to get the sales in from consumers etc. Very, very thought business. 

Id say there is a way around it, like create a site where people can buy organic food from farmers. Then go around to all the farmers and convince them to pay you for advertising on that site. Or just charge an fee for each transaction. This way you only have to convince the farmers, the bitcoin community would be more than happy to pickup the food themselves or deal with the farmer directly.
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MAM
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« Reply #10 on: April 02, 2013, 10:54:58 PM »

Quote
As for the business opportunity, it would be really thought. You would have to convince the farmers to try it out, then you would have to figure out how to distribute those foods keeping them fresh, how to anonymize peoples addresses, how to get the sales in from consumers etc. Very, very thought business. 

You could set it up like Jim Bell has it in his essay "Assassination Politics" or at least use that as a base for your idea.
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"A stone is heavy and the sand is weighty but a fool's wrath is heavier than them both"-Tuek

"Knowledge is power, and it's light weight. The more you know the less you need."-Cody Lundin

"Hey... it's a haiku

Democracy is
Two Zombies and a Sheriff
Deciding on Lunch."-Davi Barker
dpalme
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« Reply #11 on: April 03, 2013, 06:51:01 AM »

I also forgot to tell you that maple syrup collection happens in the Fall as the sap is draining from the tree.  If you tried collecting the sap in the Spring/Summer time, you would kill the tree.

Thanks for the tips! I'll get started in the fall.
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