Wednesday, September 03, 2014 10:32:38 PM
Multitude of reasons for this omission in the quarterly including but not limited to whether or not the revenues in part or in whole were officially received and entered into the books prior to the quarter ending.
Banking books are a little different than retail books and I'd think bitcoins fall closer to banking than retail revenues.
Example would be I buy a bitcoin but leave it in Vault51. Maybe until a certain time period passes or I remove it from the vault determines the date of the revenues actually posting.
Of course I don't know for sure here but I'm pretty sure a bank can't claim APR revenues from a loan until the time has passed to charge those fees even if they know they will be coming when the paperwork is signed.
Take care.
$BYSD
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