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 > > > > gnucash-user mailing list > > > > gnucash-user@gnucash.org > > > > 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 > > gnucash-user@gnucash.org > > 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 gnucash-user@gnucash.org 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.
