[GNC] Bitcoin is legal currency in El Salvador - why notadd BTC?

[Peter West]

I purchased cryptocurrency (in more than one form) specifically to use as a currency. Certain currencies (not including BTC, but that may be changing) are not readily traceable, and in this they function on the internet as cash does in everyday transactions.

BTW, if you don’t actively use and support cash, it won’t be available to you for very much longer. In Australia, it is illegal to use cash for transactions greater than $10,000. This amount can be readily reduced, and it will be.

It will become increasingly important to support cryptocurrency for transactions, irrespective of the “official’ designation of currencies.

Peter
—
Peter West
pbw at ehealth.id.au <mailto:pbw at ehealth.id.au>
“For behold, when the sound of your greeting came to my ears, the baby in my womb leaped for joy.”


> On 10 Dec 2021, at 1:01 pm, Frank H. Ellenberger <frank.h.ellenberger at gmail.com> wrote:
> 
> Hi Colin,
> 
> Am 10.12.21 um 03:37 schrieb Colin Arndt:
>> Considering this is an issue that regularly comes up on the list, it might save everyone some time if there were a statement or section on the Wiki. (Just searched around and didn’t find one). 
> 
> EExcellent idea! IMHO  you should name the page "Crypto Curerencies" and
> link it at least from https://wiki.gnucash.org/wiki/Using_GnuCash.
> 
>> I would be happy to contribute something incorporating John’s earlier comments: Bitcoin is not supported as a currency in GnuCash and will not be until it is added to [insert ISO standard he mentioned]. However, it can be added as a custom security with [lengthier version of the instructions I gave above]. 
> 
> https://bugs.gnucash.org/show_bug.cgi?id=690479 describes some aspects
> and links to others.
> 
>> Best,
>> Colin
> 
> Regards
> Frank
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