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

[Dustin Henning]

I'm noi sure how this is relevant.  Cash and gift cards are often used 
in these ways, too.  Are you suggesting GnuCcash should remove support 
for cash acounts?

On 12/7/21 10:42 PM, Tim Hume via gnucash-user wrote:
> It is true that Bitcoin is loved by speculators and scammers. But it does have legitimate use as a currency too. Government regulators are slowly moving to treat Bitcoin transactions similarly to traditional currency transactions between countries because of money laundering and terrorism financing concerns.
>
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> ‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐
>
> On Wednesday, December 8th, 2021 at 14:36, <davidcousens49 at gmail.com> wrote:
>
>> Kalpesh
>>
>> Another thing to be wary of. The scammers love bitcoin no regulation no protections: https://www.abc.net.au/news/2021-12-08/cryptocurrency-scams-targeting-australians-losing-millions/100678848
>>
>> David
>>
>> On Tue, 2021-12-07 at 14:19 -0500, Kalpesh Patel wrote:
>>
>>> Why not to set this up as a true currency in GNC, instead of Stock or Mutual
>>>
>>> Fund?
>>>
>>> Message: 8
>>>
>>> Date: Tue, 7 Dec 2021 12:42:21 +0000
>>>
>>> From: Eric Coates <TwistedWood at talktalk.net
>>>
>>> mailto:TwistedWood at talktalk.net >
>>>
>>> To: gnucash-user at gnucash.org mailto:gnucash-user at gnucash.org
>>>
>>> Subject: Re: [GNC] Bitcoin is legal currency in El Salvador - why not
>>>
>>>                  add BTC?
>>>
>>>
>>> Message-ID: <6bc32ed3-ac6b-5924-1990-f852c6829d1e at talktalk.net
>>>
>>> mailto:6bc32ed3-ac6b-5924-1990-f852c6829d1e at talktalk.net >
>>>
>>> Content-Type: text/plain; charset=utf-8; format=flowed
>>>
>>> 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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