Jeremy Almond, CEO of Paystand, sits down with Joe Wood, founder of Satoshi Patrol, a company specializing in accounting for Bitcoin businesses.
They discuss the niche but growing sector of Bitcoin accounting, the challenges and innovations in integrating Bitcoin into traditional financial systems, and the recent changes in financial accounting standards for Bitcoin.
Joe explains the distinction between Bitcoin-native companies and traditional businesses adopting Bitcoin, highlighting the need for specialized accounting services.
They also delve into the history and impact of double-entry bookkeeping, the evolution of Bitcoin accounting practices, and offer practical advice for finance professionals exploring Bitcoin.
Timestamps:
00:00 Coming Up…
01:00 Introduction to Joe and the Bitcoin Accounting Business
03:11 Challenges and Opportunities in Bitcoin Accounting
05:51 Traditional Financial Systems and Bitcoin Integration
08:25 Recent Changes in Bitcoin Accounting Standards
10:34 Advice for Finance Professionals Entering Bitcoin
14:23 Conclusion and Where to Find More Information
Follow Joe Wood:
LinkedIn: / joseph-wood-9217a529
Twitter/X: https://x.com/SatoshiPacioli
Website: satoshipacioli.com
Follow Jeremy Almond:
Twitter/X: https://x.com/jeremyalmond