[GNC] Bitcoin is legal currency in El Salvador - why not add BTC?

[john]

Of course it is, and it has been since v3.0.

But GnuCash permits only currencies for denominating Equity (which includes income and expense) and Liability accounts and some users want us to enable that for cryptocurrencies.

When the banking industry starts using cryptocurrencies they'll get added to ISO4217 and when that happens we'll do the same for GnuCash.

Regards,
John Ralls


> On Dec 7, 2021, at 4:42 AM, Eric Coates via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
> 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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