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Bitcoin Well
bitcoinwell@btcw.app
npub19mf4...kfu2
Bitcoin Well is on a mission to enable independence. We do this by making it easy to use bitcoin in self-custody. Whether you’re looking to buy, sell or use bitcoin, we never hold on to your bitcoin. Bitcoin Well is automatic self-custody.
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bitcoinwell 1 year ago
When the haters say $300,000 is impossible this cycle, remind them bitcoin has a history of rising 20x from its previous cycle bottom When will the bitcoin haters accept they were wrong about bitcoin? image Folks like Nouriel Roubini and Keynesian economists as a whole cannot sustain the risk of accepting defeat by Bitcoin, as their entire reputation depends on an economic framework that is incompatible with Bitcoin. If they accept bitcoin as a supior monetary medium , all of their other economic claims will be questioned and all of their models will collapse. The simplest path forward for bitcoiners is to ignore the Bitcoin haters, who are incentivized to keep their heads in the sand. Everyone gets bitcoin at the price they deserve.
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bitcoinwell 1 year ago
Why choose a non-custodial Bitcoin platform? 1. Control With a non-custodial setup, you hold the private keys, meaning you’re the sole owner of your BTC. Custodial platforms keep your keys, adding a layer of risk. Don’t trust, verify; and take ownership! 2. Security Custodial platforms are targets for hackers and honeypots for disaster. From Mt. Gox to FTX, there are countless ways your custodied coins can become lost. With non-custodial wallets, there’s no central honeypot—just you and your BTC. 3. Freedom Self-custody protects you from sudden asset freezes or confiscations. Custodial platforms can be compelled to restrict access to your funds (E.O. 6102) When you hold in self-custody, there’s no intermediary between you and your future It’s real financial freedom 4. Innovation Bitcoin wallets evolve fast! With the Lightning Network for instant, low-cost payments, user-friendly wallets, and cold storage devices, non-custodial wallets make it easier than ever to use BTC. Exchanges can’t keep up with this pace of innovation! Don’t have a Bitcoin Well account yet? Sign up below and take control of your bitcoin 👇
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bitcoinwell 1 year ago
Do you have any questions about how to get started buying and storing bitcoin safely? Well, you’re in luck! Our CEO Adam O'Brien is co-hosting a FREE bitcoin-education focused webinar Oct 23rd at 12pm EST 🖥️ The webinar will consist of a quick presentation followed by a Q&A period where you can ask your bitcoin and self custody related related questions and get answers from industry experts 🖐️🤝 By attending you'll earn 2,500 points in your Bitcoin Well account, enough for 5 chances at 1,000,000 sats from the Bitcoin (Wishing) Well - nearly $700 USD at these prices! 🤑 Folks who attend and sign up with code 'webinar' will also get 2,500 points! 🎟️ This webinar is your opportunity to learn everything you need to know to be a successful bitcoiner and to maximize your independence! Sign up here 👇 https://www.thebitcoinway.com/stl
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bitcoinwell 1 year ago
Gary Gensler repeats that Bitcoin is not a security and that "You now have a way to buy into (bitcoin) through ETFs" Thanks Gary, but we’ve had a better way to hold bitcoin for years now – its free, safer and better Its called a bitcoin wallet Here’s why you should use one 👇 Bitcoin wallets are secured through unhackable encryption. Banks are imperfect stores of value, requiring a money printer as a backstop for imperfect security. Bank funds are stolen from hackers regularly, yet bitcoin wallets have never been hacked 🙅 Executive Order 6102 reminds us that banks will aid the government in seizing financial assets. Banks took your gold once and if the government asks them they’ll take your bitcoin deposits! image Bitcoin wallets have more security than banks yet they are FREE! Paying someone to hold your bitcoin will actually force you to part with a large amount of sats over time, resulting in a large value lost over time. Compounding fees significantly limit your investment returns image Banks are highly restrictive You want to move a few thousand dollars? You have to file a report. When sending bitcoin, all you need is a recipient and a network fee and your transaction is approved Besides, its not like you can send an ETF like you can send bitcoin Bitcoin on a wallet enables your independence You can safely store and transact your bitcoin anywhere, anytime Bitcoin on a wallet is the best way to store your bitcoin
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bitcoinwell 1 year ago
"A man worth his salt" 🧂 You've heard before it, maybe you've said it yourself But why is this expression used in admiration or respect, when a box of salt costs a couple bucks at the grocery store? And what does salt have to do with bitcoin? The answer may surprise you! First, let's go back to Ancient Rome, its 100 BC Salt is a valuable commodity Salt frees people from the whims of the seasons by enabling long term food preparation Salt could mean the difference between life and death Salt production was minimal, salt was hard to obtain Rome learned how to import salt from the Mediterranean, some say the first roman roads were built to transport salt from the sea to the capital Roman soldiers were paid, in part, in salt. Likely a mixture of coinage and salt. If a Roman Soldier slacked at his duties, the salt from his payment would be cut as he was 'not worth his salt'. The latin world 'sal' means salt. It is believed that roman soldiers were paid in salt and thats why the latin word 'salarium' is our origin for 'salary'. Today salt is not a precious commodity. Increased technological sophistication meant that harvesting salt became increasingly easier, increasing the amount of available salt and lowering its price. This is the case with most commodities today, even gold. As technology increases, stock to flow increases as well. As bitcoiners know, an increasing stock to flow ratio can lower the per unit value of a commodity. Bitcoin is immune to salt's downfall because increased technological sophistication cannot increase bitcoin production Who knows, a few decades from now when bitcoin becomes the primary monetary system+unit in the world, maybe people will stop saying "a man worth his salt" Bitcoin will be the money everyone desires. The expression may even evolve to be: "a man worth his sats" 🤔