Bitcoin Well (@bitcoinwell) / X

Bitcoin Well

17.9K posts

Bitcoin Well

@bitcoinwell

The only non-custodial bitcoin platform in North America. Buy, sell, and hold real bitcoin. Your keys, your coins. | 🇺🇸 $BCNWF / 🇨🇦 $BTCW.v

Joined January 2014

Pinned
Bitcoin Well
@bitcoinwell
Jun 17
Orange pill your aunt. Get paid in Bitcoin for it. We just rebuilt our referral program. It's the best in the business, and it pays you up to 21% of the fee we earn. Not just once, but every time someone you referred makes a transaction. Your mom. Your brother. The coworker who
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8.7K
Bitcoin Well
@bitcoinwell
12h
Try to move $50,000 out of your bank on a Friday afternoon. "We'll need to ask what it's for." "There's a hold." "That branch is closed." "This transaction has been flagged for review." Your money, and you're filling out forms for permission to touch it. Now move $50,000 of
723
Bitcoin Well
@bitcoinwell
17h
"Don't trust, verify" sounds like a slogan until you realize most people can't verify anything they own. Your bank balance? You trust the number on the screen. Your gold ETF? You trust the custodian's word. Even most Bitcoiners trust an exchange or an app to tell them the coins
805
Bitcoin Well
@bitcoinwell
20h
You never voted for inflation. You pay it every year anyway. It shows up as a tax that never lands on a ballot or a return. Your paycheck buys a little less. Your savings quietly shrink. The dollar in your pocket is worth more today than it will be next year, and that isn't a
1.1K
Bitcoin Well
@bitcoinwell
Jun 21
You can print a dollar. You cannot print a kilowatt. Every Bitcoin that exists is backed by real energy already spent. Work that actually happened. Electricity that was actually burned to secure the network. You can't fake it, fast-talk it, or vote more of it into existence.
701
Bitcoin Well
@bitcoinwell
Jun 21
Murray Rothbard had a word for what your bank does with your money. Fraud. Not as an insult. As a description. You deposit $1,000. The bank lends out most of it, keeps a sliver, and tells both you and the borrower that the money is there. Two claims, one set of dollars.
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Bitcoin Well
@bitcoinwell
Jun 21
In 1997, a British cryptographer named Adam Back was trying to solve something boring: email spam. His fix was called Hashcash. To send a message, your computer had to burn a tiny bit of real work first. Cheap if you sent a few emails. Ruinously expensive if you wanted to blast
18K
Bitcoin Well
@bitcoinwell
Jun 20
"Bitcoin is too volatile to be real money." Fine. Let's look at the other side of that trade. The Argentine peso has lost over 90% of its value in the last decade. The Turkish lira, the Lebanese pound, the Venezuelan bolivar: each one a "real" currency that wiped out the
1.3K
Bitcoin Well
@bitcoinwell
Jun 20
If a text message protects your accounts, so does a $15 an-hour employee at your phone company. Here's the attack nobody warns you about. A scammer calls your carrier, pretends to be you, and convinces them to move your number to their SIM. Now every "we texted you a code" login
1K
Bitcoin Well
@bitcoinwell
Jun 20
The first time you help someone set up their own wallet, watch their face. Not when they buy. When they send. That moment they move their own money, to their own keys, and realize no bank approved it, no app could freeze it, and nobody had to say yes. Something shifts. They
1.7K
Bitcoin Well
@bitcoinwell
Jun 19
The FBI just promised to hunt down crypto scammers. "We will find you, and we will bring you to justice," said Director Kash Patel, in his newly released propaganda video. Good. But be honest about what that promise can and can't do. Every crypto scam runs on the same move. Get
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1.6K
Bitcoin Well
@bitcoinwell
Jun 19
This week governments showed their hand. The Senate "banned" a digital dollar, then the Treasury proposed forcing every stablecoin company to file your ID. Europe is stapling your ID to your Bitcoin by 2027. Different logos. Same goal. Money that watches you, and freezes when
Bitcoin Well
@bitcoinwell
Jun 17
Orange pill your aunt. Get paid in Bitcoin for it. We just rebuilt our referral program. It's the best in the business, and it pays you up to 21% of the fee we earn. Not just once, but every time someone you referred makes a transaction. Your mom. Your brother. The coworker who
00:00
852
Bitcoin Well
@bitcoinwell
Jun 19
You did everything right. Hardware wallet. Seed phrase stamped in steel. A passphrase only you know. That is also exactly how Bitcoin can disappear for your family if something happens to YOU. By some estimates, 3 to 4 million coins are already gone for good. Close to a fifth
9.6K