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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 0 years ago
Unlike real estate, the cost to own and store bitcoin is zero. No taxes, fees, maintenance or surprise costs . Bitcoin can be HODLed with maximum capital retention compared to any other asset
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bitcoinwell 0 years ago
GM bitcoiners, Bitcoin is generational wealth, stack sats for your last name image
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bitcoinwell 1 year ago
Join us for a FREE online webinar: "Bitcoin for Beginners"! Date: Wednesday, March 12, 2025 Time: 4:00 p.m. EST Perfect for newcomers or those looking to deepen their understanding of Bitcoin. Sign up here: image
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bitcoinwell 1 year ago
GM bitcoiners, High priority transactions are only 2sat/byte Today is a perfect day to withdraw your bitcoin off of custodial exchanges
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bitcoinwell 1 year ago
GM bitcoiners, Bitcoin bounced back from its dip. In the long run, NGU is unstoppable. Stack sats on dips, always.
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bitcoinwell 1 year ago
Pay anyone in Canada 🇨🇦 with bitcoin! Everyone who accepts e-Transfers, now accepts bitcoin! Canadians with a Bitcoin Well account can send money to anyone via e-Transfer using their bitcoin in self custody. Here is how: How to send an e-Transfer to anyone in Canada using bitcoin: From the sell page in your Bitcoin Well account you can select the network (Bitcoin or Lightning Network) and how many dollars you’d like to send via e-Transfer. Next you will see a new dropdown where you can choose the recipient for the e-Transfer. It will be the email on your Bitcoin Well account by default. image To add a new recipient, select the drop down and “Add recipient”. Here you will be asked to provide the recipient’s name, email and the security question/answer you’d like to provide for the e-Transfer. image You’ll be responsible for telling them the security question and answer, so don’t forget! image If you chose the Bitcoin network: With all your information entered, you will be able to send bitcoin to the bitcoin address on screen and an e-Transfer will be sent to your recipient after 1 confirmation. Note! This bitcoin address is permanently associated with your recipient. Any and all bitcoin received by this bitcoin address will be automatically converted into dollars and sent to your recipient; even if you do not login to your Bitcoin Well account! image If you chose the Lightning Network: Select “Generate Invoice” to generate an LN-invoice which will be associated with your transaction. Once that invoice is paid an e-Transfer will be immediately sent to your desired recipient. Of course, you can still send sats to your Bitcoin Well Payment Address (your_welltag@sell.btcw.app) any time to receive an e-Transfer yourself. image Banks out; Bitcoin Standard in ⚡️ Bitcoin Well now enables the same instant and fast transfer capabilities as a bank, but facilitated with bitcoin in self custody! Replace your bank with Bitcoin Well!
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bitcoinwell 1 year ago
GM Bitcoiners, It’s pay day and bitcoin is still on sale You already know what to do
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bitcoinwell 1 year ago
Hey bitcoiners, Stack sats at noon, because 12 is 21 reversed 🧠
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bitcoinwell 1 year ago
Reminder: Bitcoin supply growth is 3.125 BTC per ~10 minutes with a hard cap of 21m BTC Ditch fiat, save in bitcoin
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bitcoinwell 1 year ago
Banks don't want you to buy bitcoin, China doesn't want you to buy bitcoin, Which is why you need to buy bitcoin
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bitcoinwell 1 year ago
GM Bitcoiners, You don't need to do anything complicated Just HODL in self-custody and you'll be winning
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bitcoinwell 1 year ago
Nothing about Bitcoin has changed except for the sudden 20% discount 1 BTC = 1 BTC
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bitcoinwell 1 year ago
GM Bitcoiners 🫡 🚨 Bitcoin is ON SALE! 🚨 The only thing that changed in Bitcoin between today and a couple of weeks ago is that $200 now buys you an extra 30,000 sats 🤔 TIME TO STOCK UP!
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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" 🤔
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bitcoinwell 1 year ago
image What do Sumerian tiles from the Neolithic have in common with Bitcoin? Beyond their monetary parallels, bitcoin and the Sumerian tiles share a history of innovation But how? Time for Bitcoin deep dive! During the neolithic era some 8,000 years ago, human civilization in the Middle East began to proliferate Agricultural centers started to grow and grow, sustaining increasingly larger populations The ancient Sumerian city of Uruk grew to become one of the world's largest ever, with a population of several thousand As the hunter gather way of life evaporated, a new form of governance emerged; a complicated Social hierarchy - an upper class and a working class evolved Previously, each city or town would have an individual who would count everything, such as taxes and barter trade Essentially, each town selected a savvy math brain to be a 'walking spreadsheet' However, the city's own success resulted in the demise of the ability of walking spreadsheets to track everything Mr. Spreadsheet needed some support to remember all the debts and their form (no standard currency, remember!) The solution? A physical reminder to denominate the amount owed Mr. Spreadsheet issued tokens to depict debts owed, for example, 10 goats or 10 sheep These 3D tokens eventually became inscribed into tablets, closely resembling written language by today's standards Today, we'd call these tablets a ledger or a trade log The Sumerians invented a new form of accounting - single-entry accounting Now, a physical trace accompanied larger-scale trade and debt balances, enabling society to better scale and coordinate capital How do these clay tokens relate to Bitcoin? The clay tokens were the innovation that transitioned a society from a mental form of accounting to a more standardized form of single-entry accounting Single-entry accounting would remain the only way to track resources until double-entry accounting was invented in Italy some 7,500 years later, ending the era of single-entry accounting and introducing the era of double-entry accounting Perhaps it is a coincidence, but the invention of double-entry accounting coincided with the start of the Renaissance and intellectual revolution of the West 🤔 Bitcoin famously ushered in a new accounting standard - triple-entry accounting Single- and double-entry accounting increased scalability and capital coordination but was an imperfect system due to its centralization Thus, fraud and errors were unfortunate realities Bitcoin's triple entry account standard enables anyone to safely transact with one another Invalid transactions are impossible via triple entry accounting and continuous counterfeit monitoring, thus, bitcoin enables greater capital coordination than the eras before it Previously, society relied on Mr. Spreadsheet, and later centralized banks, to coordinate the movement and custody of capital The invention of Bitcoin is as significant as the infrequency of accounting standard innovation
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bitcoinwell 1 year ago
Bitcoiners are keen on doing pushups to make NGU but won't self-custody their sats – step it up!
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bitcoinwell 1 year ago
Good morning Bitcoiners, We hosted the revival of our monthly Bitcoin For Beginners webinar 🏛️ It was a huge success! 👏 Education is a key pillar of the Bitcoin journey 🔑📈