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

Dustin Henning gcul209 at mynym.us
Wed Dec 8 10:16:58 EST 2021


On 12/7/21 11:51 PM, Dr. David Kirkby wrote:
>
> Things change quite quickly in the crypto currency scene.
>
> 1) The Royal National Lifeboat Institute (RNLI) was the first major charity
> in the UK to accept donations by bitcoin
>
> https://rnli.org/support-us/give-money/bitcoin-donations
>
> 2) Newegg, which is a pretty large company, accepts bitcoin
>
> https://promotions.newegg.com/nepro/16-6277/index.html
> I guess neither of these very large institutions are going to be using
> GnuCash.
>
> There’s a lot written about bitcoin on the website of the Sage accounting
> package
>
> https://www.google.com/amp/s/www.sage.com/en-gb/blog/what-is-cryptocurrency/amp/
>
> I assume that means Sage does support bitcoin.
>
> Dave.
>    

That is a non-sequitur argument.  Most institutions are likely using 
payment processors and accounting in native currency to begin with, and 
institutions using actual crypto would still follow their accountant's 
advice likely tracking it as an asset which is already possible. Beyond 
the fallacy, I'm not sure why you seem to think it should matter to 
users or developers here whether said institutions use this free open 
source software anyway.



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