Latest Florida food project wants to link Bitcoiners with cows

In Florida, there is currently another cryptocurrency project focused on food. Samuel Armes, president of the Florida Blockchain Business Association (FBBA), has lent his backing to a partnership between a pro-Bitcoin group and a beef trade association.

Through the use of Oshi's lightning network application, Bitcoin Bay and the Florida Beef Initiative (FBI) are collaborating to link local beef farmers and bitcoin (BTC) owners directly.

The "Big Four" meat monopolies Tyson Foods, Cargill, Marfig, and JBS Foods, who control the majority of the market and provide a level of openness decried by the FBI founder identified only as "June," dominate the cattle sector today.

An company called Bitcoin Bay, which has its headquarters in the Tampa area, offers courses to teach people about Bitcoin and promotes companies that use it as payment. 

Such initiatives have become very typical in the cryptocurrency industry. Similar programs have previously attempted to improve food supply chain transparency by fusing blockchain technology, RFID tagging, and other tracking techniques. 

The FBBA supports Bitcoin Bay and its new cooperation. The FBBA "plans to support Bitcoin Bay as much as possible," according to Armes in an article, and "we hope to see other groups around our State replicate their initiative."

Wesley Schlemmer, a biochemical engineer who discovered Bitcoin through libertarian commentator Tom Woods, is the founder and CEO of Bitcoin Bay.
 

When Protos contacted Bitcoin Bay for comment regarding the kind of assistance the organization would get from Armes' FBBA in the future, they did not respond.

This is not the FBBA's first effort with food. 
Armes was hired by Joel Greenberg, a convicted cryptocurrency scammer and former tax collector for Seminal County, in February 2019 to serve as his "director of blockchain and legislative affairs." The last transactions of Organic Fresh Coin (OFC), an initial coin offering (ICO) tied to Greenberg and previously looked into by Protos, took place during Armes' time working for the tax collector's office.

Executives from OFC asserted that the Belarusian government supported their efforts to source and trace food from farm to table.
 

Even while it was unclear exactly how this would be accomplished, it did lead to the creation of some of the most incredible promotional content in the cryptocurrency sector. 

Keith Ingersoll, executive vice president and a Greenberg employee, oversaw the ether-based ICO. Prosecutors claim there is no proof of work for a contract Ingersoll's K.I. Consulting had with the tax collector's office.
Executives at OFC claimed to have attracted a $15 million investment the year before Armes was appointed. 350 million OFC were produced, however none were ever given out. 

Nearly all of the publicly accessible OFC was returned to precisely one wallet in the months following Armes' hiring as Greenberg's director of blockchain and legislative affairs.
 

A second wallet was filled with the majority of the OFC allocated for the executive team. Although the motive behind this scheme is still unknown, Ingersoll was later found guilty of defrauding an investor of $12.7 million. 

Although Armes has never had a formal affiliation with the ICO, his expertise in the field of cryptocurrencies shouldn't be undervalued. As a finance analyst for terrorism and threats, he claims to have given presentations about cryptocurrency to the US Special Operations Command. 
 

Armes was also questioned regarding his role in writing a portion of the strategic analysis utilized by Enrique Tarrio to plan the Proud Boy conspiracy, which culminated in Washington, D.C., on January 6, 2021, by the US House Select Committee last year. Armes handed a document to a colleague in the Miami crypto group who then gave it to Tarrio, which is how rebels obtained access to his research.