Clams: Accounting Software for Bitcoiners
Clams is an accounting software for Bitcoiners.
Bring all your wallet balances to your local device, visualize your bitcoin flows and generate reports.
How does Clams work?
Accounting can be a headache if you're a Bitcoin power user.
Multiple wallets, exchanges, on-chain, off-chain, Lightning, micropayments..
In most jurisdictions selling or spending bitcoin is a taxable event.
If you earn bitcoin as income, calculating the cost basis of it might also leave you scratching your head.
These problems also greatly hinder the advancement of Bitcoin circular economies.
It's possible to write custom scripts for more mainstream accounting softwares like Quickbooks, but this is not efficient or private.
Better money needs better tooling!
A dedicated software for businesses and individuals operating on a Bitcoin standard helps making better business decisions, and keeps your accounting more organized!
Clams lets you bring your read-only data from all your Bitcoin wallets locally to your device, which act as a central accounting hub for your wallets.
It's still early for Clams, and currently only Core Lightning and LND nodes are supported.
Once imported, the data will be converted into journals using double-entry bookkeeping methods, so you can see credits, debits, income, expenses etc.
The data is visualized and customizable, which can help in data-driven decision-making!
You can also tag transactions.
Clams lets you generate reports for profit/loss calculations, tax accounting and for cost basis analysis.
Reports, multi-user access and cross-device sync are intended to be paid features, planned to go live in Q3/Q4 2024.
No sign-up is required to use Clams, and no personal information is collected.
Currently, Clams is downloadable only for Mac, but Windows, Linux and Ubuntu are coming later.
Clams seems like a great additional tool for businesses who want to accept bitcoin.
Together with the Bitcoin invoicing platform Zaprite @zaprite it could be a great combo!
You can learn more about Zaprite here: https://stacker.news/items/507558
What do you think about Clams?
Is it the accounting software we need? Would you use it?
Additional Resources
Presentation by Clams Co-Founder John Gribbin
Bolt Card is now
As you said, this is a battle. Today's zeitgeist makes Bitcoin out to be an investment strategy, maybe in a large part due to Saylor. Most folks think it's a stock/company like Amazon or Apple. Bitcoin as a SoV asset is scrondary, even symptomatic of, the the p2p electronic cash principal.
I've been playing out scenarios in my
Mind since @k00b mentioned the Saylorication centralizing SoV argument. My feeling is the MoE use will continue to grow in marginal communities, unabated by the investment portfolio piece, increasing the value of the network. Grass roots.
But HODLers need to not sell their Bitcoin, because the Saylors and the Mircosofts of the world will gobble it up, keep it on their balance sheets and probably never spend it. They won't need to if there isn't a market demand for it as "cash." As long as the majority of Bitcoin stays distributed and whales only hold a fraction of all total Bitcoin, then I think MoE Bitcoin as money proposition has a chance to play out. Alternatively, if large corporations are able to hold most the UTXO's in the long run, then it doesn't give much chance for layer 2s like lightning to thrive because they probably won't initiate these moves. They have their "Almighty USD".
Your skepticism is warranted. It should be an exciting cycle.
I'm puzzled. You make excellent arguments as to why bitcoin has nothing to fear from CBDCs. In fact, your predictions may speed adoption of bitcoin. Then you claim bitcoiners fear CBDCs. I think this might be a straw man you're propping up here. It's not fear. I'ts the fundamental philosophy that opposes the authoritarian state. Bitcoin wins with or without CBDCs. You'll find that old time bitcoiners are not obsessed with price, "number go up"ism. They genuinely care about the plight of the powerless and the betterment of society. You discover bitcoin hoping to get rich, and end up hoping to change the world.