On 12/5/21 11:57 AM, john wrote:
On Dec 5, 2021, at 8:40 AM, Dr. David Kirkby <drkir...@kirkbymicrowave.co.uk>
wrote:
On Sun, 5 Dec 2021 at 16:09, Derek Atkins <de...@ihtfp.com> wrote:
Is there not a case for adding cryptocurrency support? For anyone able to
build GnuCash from the source code, I would expect it to be a trivial
matter to add whatever currency they want, but I would have thought
there's
a good case for adding cryptosupport, in addition to fiat currencies.
There is no ISO4217 entry for it.
The great thing about standards is that there’s a lot to choose from. 😂😢
It seems all cryptocurrency exchanges use data from CoinMarketCap, so I
would have thought that to be as authoritative a list
as any.
https://coinmarketcap.com/all/views/all/
I'm in the UK, and have never dealt with anyone in El Salvador, but it
seems odd for an accounting package not to support a currency that's legal
tender in a certain country.
I see that there are some minor currencies not listed in ISO 4217, but
around $39,000,000,000 of bitcoin have been traded over the last 24-hours.
It is hardly a minor currency.
I guess this gives me an incentive to get GnuCash to compile on linux. Then
adding cryptocurrencies would (I assume) be fairly easy.
Sorry, Bitcoin is neither a major nor a minor currency. It's not a currency at
all: It isn't backed by the full faith and credit of any government, including
El Salvador's, nor is it used much for actual commerce, even in El Salvador.
$39B *traded*, not $39B was used to pay for goods and services. That describes
a speculation vehicle, not a currency.
Regards,
John Ralls
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I would also question the definition of legal tender in this case. It
is my understanding that vendors in El Salvador aren't legally required
to accept BTC, so it seems feasible that even that definition doesn't
apply in spite of what various "news" outlets have reported.
Regardless, there is nothing stopping you from setting up BTC as a
security, and my understanding is that the latest versions of GnuCash
support at least 8 decimal places for good measure (that certainly
wasn't the case in 2011).
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