Hello Everyone,
Haven’t used GC a couple years, and trying to recollect how it all works.
Current challenge is starting to work with payments and expenses that are
exclusively in Bitcoin.
Can’t find the Bitcoin stock vs currency discussion in the archive. Sorry if I
overlooked it, but I read th
llow "user-defined non-ISO" currencies, such as
"XBT" used for Bitcoin on some exchanges.
Seems unlikely that central banks will ever allow such currencies to become ISO.
HSC
--- Original Message ---
On Saturday, June 18th, 2022 at 02:56, wrote:
>
>
>
0, as if they are US cents.
That should be close enough for the foreseeable.
HSC
--- Original Message ---
On Saturday, June 18th, 2022 at 04:05, HSC wrote:
>
>
>
> Thank you, Michael D Novack!
> That's a great solution until GNC development catches up to the crypt
unit of
account, might be all we can do.
HSC
--- Original Message ---
On Saturday, June 18th, 2022 at 07:10, Peter West wrote:
> But you can’t then quotes for cross-currency values directly, because such
> quotes will be expressed in terms of the primary unit - BTC, for e
tantly
routing peer to peer Lightning Network BTC payments and making small gains of
a few sats or some hundreds of milisats for each such routing. Naturally, they
can add up to significant amounts eventually.
The server interface provides csv files to keep track of such income, which
w
payment in source currency and two in
destination currencies, without any details regarding conversion rates.
Do we have to calculate all that manually, and enter in GC as two separate txs?
HSC
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>
> Hello, HSC:
>
> Welcome to GnuCash.
>
> On 2022-06-30 13:30, HSC wrote:
>
> > ...Is it possible to account in one GC split entry for a tx in which a
> > payment processor simultaneously makes
character
> pairs for "no state"
>
> Michael D Novack
>
This might speed Bitcoin through ISO, IF actually happens at BIS first:
https://finbold.com/bank-for-international-settlements-to-allow-banks-to-keep-1-of-reserves-in-bitcoin/
ISO is hardly a real NGO; doubtful that
nt described worked, including the the separate tx fees,
and came out exactly without imbalance, by entering the exchange rate equations
into the dialogues manually.
It's quite adequate!
HSC
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