On 5/23/2022 6:26 AM, Mattia Rizzolo wrote:
Realistically, if you are in situation where you want (and can!) treat cryptos as full currencies, you'll likely be better served by abusing another random currency in the list of known currencies and treat it as btc/eth. See:
Gnucash or other applications can be used exactly this was if the bookkeeping is for a "currency" that is not subject to exchange to other currencies (or not supposed to be exchanged)
Are there any folks in Ithaca NY using gnucash to track the local "currency"? << or in the other places where a "local currency" is in use >> For those who don;t know what I am talking about, the "Ithaca Hour" is a work exchange currency. Nominally pegged at $10/US but there is not supposed to be currency exchange << is there a "black market" exchange rate? >>
If no exchange is taking place, using any of the currency symbols not otherwise needed makes perfect sense to me and is not serious ":abuse". The meaning of ANY symbol is convention.
Since I asked about Ithaca, how about anybody here from Yap? There are also "ceremonial currencies" in other parts of the world. This is "money" used only for very specific/special exchanges. It might be possible to buy or sell for some other currency but this would be frowned upon -- normally acquired or expended in the exchanges for which meant. You should best think of them as "placeholders" for the special things they are exchanged for, land, women, etc.
The "Ithaca Hour" was supposed to be exchanged for somebody's time, treating everybody's time as of equal value. Again I have no idea what sort of "black market' unequal exchange might be taking place. The only place I ever visited that had a non-currency exchange going on there was no physical currency to mark the amount of time or things owed, just kept in people's heads << very small back of the beyond community >> They assured me that the place wasn't as poor as it appeared "on the books" because so much of their local economy wasn't in measured currency.
Michael D Novack _______________________________________________ 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.
