Furthermore, the topic has been discussed at great length numerous times in the past on these lists. Searching on Google with "bitcoin site:lists.gnucash.org" will turn up many of these discussions, dating back a decade or so.
-------- Original Message -------- From: [email protected] Sent: Tue Dec 07 15:15:54 EST 2021 To: [email protected] Subject: Re: [GNC] Bitcoin is legal currency in El Salvador - why not Kalpesh, John's answer is pretty explicit. It is not, at least yet, a "true " currency and as such does not obey the "rules" that financial regulation applies to true currencies that allow their treatment as currencies. There needs to be a regulated international system of financial exchange which does not yet exist for bitcoin. At present it is regulated in only one or two countries not the rest of the world. It is more appropriate to describe it as a stock or mutual fund at this point in time. David Cousens On Tue, 2021-12-07 at 14:19 -0500, Kalpesh Patel wrote: > Why not to set this up as a true currency in GNC, instead of Stock or Mutual > Fund? > > > > ------------------------------ > > > > Message: 8 > > Date: Tue, 7 Dec 2021 12:42:21 +0000 > > From: Eric Coates <[email protected] > <mailto:[email protected]> > > > To: [email protected] <mailto:[email protected]> > > Subject: Re: [GNC] Bitcoin is legal currency in El Salvador - why not > > add BTC? > > Message-ID: <[email protected] > <mailto:[email protected]> > > > Content-Type: text/plain; charset=utf-8; format=flowed > > > > Hi > > > > To (slightly) misquote John Ralls > > "Bitcoin is neither a major nor a minor currency. It's not a currency at > all:...[it is]? a speculation vehicle, not a currency." > > but as shares are also "speculation vehicles" a possibility arises. > > > > Starting from Dustin Henning's comment, some trivial experimentation shows > that it is possible to set up a Bitcoin account in GnuCash by classifying it > as a Stock (although Mutual Fund may be more appropriate as, I understand, > fractional parts of Bitcoin are possible) and setting up Bitcoin as a > security. And (somewhat to my surprise) it is possible to get on-line quotes > by specifying the Symbol/abbreviation as BTC-GBP and using Yahoo as JSON as > the source in the Single source drop-down. > > (BTC -USD is also available, others may be - I haven't checked). > > > > So (probably after some experimentation) Bitcoin can already be handled > within GnuCash! > > > > "They knew not how well they built" > > > > Take care > > > > Eric > > > > > > > > > > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
