Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Michael or Penny Novack
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

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread john
> On May 23, 2022, at 5:32 AM, Michael or Penny Novack > wrote: > > 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

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Michael or Penny Novack
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 appl

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Suseno Dermawan
Thanks Mattia for the explanation, I think I'll keep it as trade between stock and made a final expenses adjustment in local currency. Thank you On Mon, 23 May 2022, 17:26 Mattia Rizzolo, wrote: > Hi, > > yes, in that example the 50 and the 4M are in local currency. > Expenses (which are fonda

Re: [GNC] Crypto trade directly - not converting to local currency first

2022-05-23 Thread Mattia Rizzolo
Hi, yes, in that example the 50 and the 4M are in local currency. Expenses (which are fondamentally a type of Equity) in gnucash can only be defined and valued in a Currency that is recognized by gnucash as such. Realistically, if you are in situation where you want (and can!) treat cryptos as fu