DireMunchkin on Nostr: A lot of it is probably down to weird accounting practices in the US - Up until ...
A lot of it is probably down to weird accounting practices in the US - Up until spring this year you had to account BTC as a intangible asset. This basically meant you could only write it down on paper, never up. That was of course really stupid and now you can just account it at fair market value. But this probably hampered corporate adoption quite a bit while it was still a factor.
Published at
2024-10-12 15:36:51Event JSON
{
"id": "d2c4aeb1e0dfdbcc2ebf5924ec2b0060c71d7892d86c120679bdfd472c3bb569",
"pubkey": "d986b8a48cef4950fc62f7dc2e0d277ca505757b5aa73f0959b20659e71f7cac",
"created_at": 1728747411,
"kind": 1,
"tags": [
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f",
"wss://relay.kamp.site/",
"LynAlden"
],
[
"e",
"f1164c66571772bbf0d0bd99f19acb4e13e4965f3ff2d05d1c462df113010d55",
"wss://relay.kamp.site/",
"root",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
]
],
"content": "A lot of it is probably down to weird accounting practices in the US - Up until spring this year you had to account BTC as a intangible asset. This basically meant you could only write it down on paper, never up. That was of course really stupid and now you can just account it at fair market value. But this probably hampered corporate adoption quite a bit while it was still a factor.",
"sig": "c6dc807b8e46548cc4e1cab95f9eb70aa6d431d3336ca62aef08553259bc979cdab29016139d0939e1d02adfbaa47d1c3cbe23bc78d25afcb7a87b468e8067d1"
}
