[GNC] Bitcoin is legal currency in El Salvador - why not add BTC?
Eric Coates
TwistedWood at talktalk.net
Tue Dec 7 07:42:21 EST 2021
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
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