How does someone, self-described as “not at all a young person, having seen well over half a century on this planet - my entreprenurial days…well behind me” leave quiet semi-retirement and the enjoyment of the autumn of his life to create not one but two of the most interesting altcoins to date? I have had […]
Ever since I read Ron Paul’s call to competitive currencies, I’ve pondered the role of barter, and then community currencies, in bringing to pass the vision outlined. Yes, I like Ron Paul’s politics. Yes, I lean libertarian on just about every issue. Yes, I also think sometimes he comes off as your crazy uncle. I […]
One of the really promising developments in the alternative currency world right now is the idea that virtual currencies can be swapped and priced independently of any kind of fixed price regime. The barter industry has fought against this kind of transparency for a long time…but that is another story. Until recently, figuring out the […]
In a move completely unsurprising to those of us in the barter industry, the IRS recently released their official guidance on the subject of Bitcoin and other virtual currencies. According to the guidance, “virtual currency is treated as property for U.S. federal tax purposes.” What does this mean for the coming-of-age story of Bitcoin? That […]
I found a link to a site that offers free Quickbooks advice. It had this to say about recording a barter transaction. Recording of Barter ExchangesIf you have customers who are also vendors you may decide to trade some or all of your services / products in exchange for payment. To record such a barter […]
There are many ways barter can be used to renovate or restore a home. You can use barter to purchase building materials and hire contractors. Many suppliers such as tile, carpet and stone companies have huge excess inventories or items that have gone unsold. They would welcome the opportunity to get full value for the […]
Most businesses suffer from the issue of bad debts (accounts receivable that will most likely remain uncollectible and will be written off). These debts appear as an expense on the company’s income statement, thus reducing net income and most companies make a bad debt allowance since it is unlikely that all of their debtors will pay them in full. (more…)