I'm noi sure how this is relevant. Cash and gift cards are often used
in these ways, too. Are you suggesting GnuCcash should remove support
for cash acounts?
On 12/7/21 10:42 PM, Tim Hume via gnucash-user wrote:
It is true that Bitcoin is loved by speculators and scammers. But it does have
legitimate use as a currency too. Government regulators are slowly moving to
treat Bitcoin transactions similarly to traditional currency transactions
between countries because of money laundering and terrorism financing concerns.
Sent with ProtonMail Secure Email.
‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
On Wednesday, December 8th, 2021 at 14:36, <davidcousen...@gmail.com> wrote:
Kalpesh
Another thing to be wary of. The scammers love bitcoin no regulation no
protections:
https://www.abc.net.au/news/2021-12-08/cryptocurrency-scams-targeting-australians-losing-millions/100678848
David
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 <twistedw...@talktalk.net
mailto:twistedw...@talktalk.net >
To: gnucash-user@gnucash.org mailto:gnucash-user@gnucash.org
Subject: Re: [GNC] Bitcoin is legal currency in El Salvador - why not
add BTC?
Message-ID: <6bc32ed3-ac6b-5924-1990-f852c6829...@talktalk.net
mailto:6bc32ed3-ac6b-5924-1990-f852c6829...@talktalk.net >
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
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