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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2026-07-28T22:12:05+02:00 Event JSON
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Last Notes npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell That is the only way to do these right now, but working on it for the future. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Happy Labour Day. Here is what a year of labour bought the average Canadian worker. Statistics Canada, Friday: average hourly wages up 2.0% over the year, to $37.02. Bank of Canada, Wednesday: prices "hovering around 3%." Paid more. Bought less. A raise and a pay cut in the same envelope, in the Bank's own numbers. You can negotiate your wage. You cannot negotiate the unit it is paid in. That gets decided at a meeting you were not invited to. Bitcoin is the one thing you can be paid in whose rules were fixed before you were hired. https://pbs.twimg.com/media/HRZnfBfbkAAUZoK.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Saturday question, long-weekend edition. How many hours did you have to work to buy your first whole bitcoin? Not the price. The hours. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Bitcoin Well's CEO: 'Your Bank Account Is a Surveillance Camera https://t.co/VKrVT6I4Iz npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The list is a weapon npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell "Running bitcoin." Two words, posted at 10:33 PM on January 10, 2009. No thread, no explanation. Hal Finney had downloaded the software on the day it appeared and switched it on, which at that moment put him among a tiny handful of machines anywhere keeping the network alive. Hal died twelve years ago today. He gets remembered as the first person to receive bitcoin, 10 coins from Satoshi two days after that post. That is true, but it's the smallest thing he did. In 2004, four years before the whitepaper existed, he built RPOW. Reusable proofs of work. A system for turning proof of work into a token you could hand to somebody else, who could then hand it on again. In August 2009 he was diagnosed with ALS. He kept writing code. When his hands stopped cooperating he wrote it with eye-tracking software, one letter at a time, and he was still working on Bitcoin years after most people would have been forgiven for putting it down. None of that is the story of a recipient. All of it is the story of someone who did the work. And the work is not finished. Nodes still need running. Code still needs reviewing. There are still people in your life who have never been shown how to hold their own coins, and nobody is going to show them if you don't. Bitcoin has never once maintained itself. It runs because people decide to run it. You can start running bitcoin tonight. https://pbs.twimg.com/media/HQ0Ga6-XEAAclnw.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell I dug my old Ledger out of a drawer this morning. Hadn't touched it in years. The screen is so faded I could barely make out the characters. So the thing going around yesterday is true. The screen on the Ledger Nano S fades with age. Nothing gets hacked and nothing gets tampered with, an old display just goes too faint to read. @janrothen posted about it and is past 189,000 views. Nick Neuman at Casa said the same thing five days earlier, and the two of them independently landed on the same workaround. Point your phone camera at the device and read the screen off your phone instead. A camera sensor gathers far more light than your eye does and holds it longer, so a display that looks blank to you comes back sharp in your hand. Dim the room, get close, pinch to zoom. Now notice what a faded screen is not. Your bitcoin was never on that device and could not have been. It is a record on Bitcoin's ledger, and thousands of machines are holding a copy of it right now. The device signs. It does not store. A faded screen is not a lost balance so much as it is an annoyance if you backed up your seed phrase. Go make sure you can still read your ledger and move your seed to a new device when you get a chance. No rush. https://pbs.twimg.com/media/HQpx959WoAII8rb.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The US stock market closed an hour ago. It does not open again until Monday morning, roughly 65 hours from now. Bitcoin's market did not close, because there is nobody with the authority to close it. That is not a philosophical point this week. Bitcoin rose more than 4% in the Asia session this morning, while every US exchange was dark, and it opened the week near $63,000. Nasdaq has noticed. On December 6 they move to a nearly 23-hour trading day with a new overnight session running 9 PM to 4 AM. So it runs 9 PM Sunday to 8 PM Friday, so the 23-hour market is still shut all weekend. Market orders will not be accepted overnight. Any order still sitting there at 4 AM is cancelled, and you get to enter it again in the morning. They can try to copy the hours. They cannot copy the settlement. The coins in a wallet you control are spendable right now, at 5 PM on a Friday, without checking whether the building is open. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Someone Put Bitcoin on a Game Boy. Let's Play It Live. https://t.co/fwYXyOvm8t npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Four pools build more than 70% of Bitcoin's blocks. Bob Burnett sits on OCEAN's board and runs his own mining company. He also went on record defending how OCEAN handled the BIP-110 fork, after miners called for leadership to be removed and Adam Back called for docked pay. So we asked him the uncomfortable version. Is mining being quietly captured, and would he tell us if it were? Live in one hour with @boomer_btc, on X and on YouTube. https://pbs.twimg.com/media/HQF56MIXQAAgrfv.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Jump out of the pot npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Totally agree. Doesn't mean he won't do the other in the process. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The Treasury just committed the United States to building the best Bitcoin onboarding infrastructure anybody has ever funded. I don't think they know that yet. Look at what these rails actually are. Wallets. Keys. Settlement on a public ledger. A generation getting comfortable with money that lives in an app instead of a branch, and a real share of them learning what a seed phrase is, because that is how you hold the thing yourself. None of that is dollar infrastructure. It is self-custody infrastructure that happens to be carrying dollars first. And it teaches the lesson incompletely, which is the interesting part. A stablecoin has an issuer. Eventually somebody gets frozen, or a court order lands, or the reserves have a bad quarter, and the question arrives on its own. Who is on the other side of this, and can they tell me no? One answer survives that question. So, sincerely, thank you Secretary Bessent. Teach the world to hold its own keys and we will take it from there. https://pbs.twimg.com/media/HQA0f1kXQAAaJhm.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Under 1% a year. That is how fast new bitcoin enters the world now. In 2028 the rate gets cut in half again, on a schedule written in 2009 that nobody since has had the authority to change. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The Deep Dive starts in 2 hours. Entropy and randomness are not the same thing, and the whole thing confuses the hell out of me! Let's get some actual clarity! Bitcoin researcher and filmmaker Alex Waltz (@raw_avocado) joins us to break down what real entropy actually is, and why it decides whether your keys are secure or a sitting duck. 10 AM EST. Last chance to register: https://t.co/GuSkOLHNaK npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell "Random" and "random enough" are not the same word. With your Bitcoin keys, the gap between them is everything. Every private key you hold is really just one enormous, unguessable number. If the randomness behind it isn't truly random, nobody has to steal your keys. They can just guess them. Wednesday we get into it. Bitcoin researcher and filmmaker Alex Waltz [@raw_avocado] joins The Deep Dive to break down what entropy actually is, how it differs from randomness, and why that difference sits underneath every wallet you'll ever trust. Starts technical, ends personal. Aug 13, 10 AM ET. Free to join: https://pbs.twimg.com/media/HPJLtwcWUAAlf9D.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell In 1990, a programmer named John Gilmore helped found the Electronic Frontier Foundation. Two years later he helped start a mailing list called the Cypherpunks. His most famous line is one sentence: "The Net interprets censorship as damage and routes around it." Meaning, try to block information on a distributed network and it simply flows another way. No central switch to flip. No single door to lock. Gilmore was talking about speech. But the same design is exactly what makes Bitcoin work. There's no headquarters to raid, no server to seize, no CEO to lean on. Try to censor a transaction and the network routes around the block, literally. The cypherpunks understood something early. Freedom that depends on permission isn't freedom. It's a privilege, and privileges get revoked. So they built tools that don't ask. Bitcoin is that idea applied to money. It treats censorship as damage, and routes your value around it. https://pbs.twimg.com/media/HPJLJXoWcAA8uks.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell In 1976, an economist most people had already written off did something quietly radical. He argued the government should lose its monopoly on money entirely. His name was Friedrich Hayek, and the book was "Denationalisation of Money." His case was blunt. "Practically all governments of history," he wrote, "have used their exclusive power to issue money in order to defraud and plunder the people." Not an accident. The whole point of the monopoly. His fix sounded impossible at the time: let money compete. Strip the state of its exclusive printing press and let people freely choose the money that best held its value. Good money would win the way good anything wins, by being chosen, not mandated. For decades it stayed a thought experiment. There was simply no way to run a money outside a government. Then, 33 years after Hayek wrote it down, a network switched on that no state could issue, inflate, or shut off. Nobody needed permission to use it. People just started choosing it. Hayek didn't predict Bitcoin. He described the hole Bitcoin fills: a money the government can't debase, because the government doesn't run it. The competition he wanted is finally here. You get to choose which money holds your life's work. https://pbs.twimg.com/media/HPJK2OTWkAAXZEf.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Soft fork that we all knew was going to make another chain. All so predictable! npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Self-custody shouldn't feel like defusing a bomb with the wires unlabeled. This week, Bitcoin Guidance is free. A private, one-on-one call with a real Bitcoin expert who walks you through it live: setting up your own wallet, moving your coins safely, and backing up your keys so a lost phone never means a lost fortune. No sales pitch. No jargon wall. Just a human who stays on the line until it's done and it actually makes sense to you. After the couple of weeks Bitcoin holders just had, nobody should be guessing with their savings. Free for a few more days. Book a call: https://t.co/2bh6Nub4Uq npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell 🟠 TODAY, 12PM EST on Spaces: The BIP-110 Debate Both sides. No filter. No stacked audience. Right now the Bitcoin community is blocking each other instead of talking. We want to change that. So we put strong voices from both sides in one room to make their case and actually hear the other out. FOR BIP-110: @hodlonaut & @knutsvanholm + more AGAINST: @DavidFBailey, @w_s_bitcoin + more Hosted by @bitcoinwell. Bring an open mind. 👇 https://t.co/djc4LVnttg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Self-custody is still the point npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell $130 Million Just Vanished From 'Safe' Bitcoin Wallets | Pete Rizzo https://t.co/IKllIulY2g npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Going live at 2:15pm EST! https://youtube.com/live/24Vg1bcb9qE?feature=share npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The loonie just slid to about 71 cents against the US dollar, a two-month low. That is not weather. Nobody woke up to a storm. A committee sets the price of money in this country, and when the gap between what Ottawa pays and what Washington pays widens, your currency follows that decision down. You didn't vote for it. Neither did your savings. You see, a dollar that loses value on a schedule isn't a place to store your work. It's a leak. And you can't out-save a leak when the people running the printer set the rate. There is an exit, and it doesn't answer to any of this. Bitcoin has no committee, no overnight rate, no chair reading the room. Its supply follows a schedule nobody can vote to change. You don't have to beat your own central bank. You can just stop holding what it's quietly diluting. Not your keys, not your coins. And not your central bank's rate to cut. https://pbs.twimg.com/media/HO9zRYNWUAAfwc4.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Gary Cardone looked at self-custody, saw a little friction, and said "GTFO, not scalable." That reflex is the entire reason Bitcoin had to exist. You see, the dice rolls aren't the point. They're a UX problem, and UX problems get solved. What doesn't get solved on its own is the mindset underneath the comment: the belief that doing the work yourself is beneath you, that "serious money" hands its keys to a suit and calls it control. It isn't control. The money an institution holds for you is the money that gets frozen, loaned out behind your back, and seized. Ask anyone whose account froze in 2022. Ask the Americans who lived through Executive Order 6102. The friction is temporary. The subservience is permanent, right up until the day you decide to hold your own keys. Serious money isn't the money a custodian guards. It's the money nobody can take. Not your keys, not your coins. Not your entropy, not your keys. https://pbs.twimg.com/media/HO4jqjqXUAAXP73.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell We're starting something tomorrow, and it's for anyone who's ever felt too late or too lost to get into Bitcoin. It's a beginner series. Every session I bring on a different member of the Bitcoin Well team to help me explain Bitcoin from the ground up, so you learn the basics and get to know the people actually building Bitcoin Well at the same time. First up: Halston (@halstonvalencia). She runs capital markets and marketing here, she's building Bitcoin Quant, and she doesn't do lukewarm takes on macro. Tomorrow we cover the fundamentals and walk you through how to set up a wallet and hold your own bitcoin safely. No jargon. All questions welcome. Come learn or share this with your friends and family that are just getting started! Tomorrow. 4PM EST. https://pbs.twimg.com/media/HOlkrZUX0AAdmlp.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell A company most people have never audited just reported a $1.5 billion profit for one quarter. Its reserves now include roughly 146 tons of gold and nearly 99,000 bitcoin. That company is Tether, the issuer of the dollar-token in half the crypto trades on earth. Read that again. The people printing the digital dollars are quietly parking their own wealth in gold and Bitcoin. They know what a paper claim is worth over time. So do you now. You can hold the token they print, or the assets they're hoarding to back it. One of those you have to trust them for. The other you can hold yourself. https://pbs.twimg.com/media/HOliRUdW8AA_i3V.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell All this talk about entropy has got me thinking... I think I've been preparing for this moment my whole life. - Zach 🧙 https://pbs.twimg.com/media/HOktS1JXEAAVvIL.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The Coldcard Hack: A Timeline of the $38M Entropy Failure, and How to Keep It From Happening to You npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Everyone is watching whether Warsh raises rates a quarter point tomorrow. But that's the wrong number to be paying attention to. The only number that matters is $40 Trillion. And that number says, ultimately, this train only goes in one direction. https://pbs.twimg.com/media/HOUVvAsWwAEPT46.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Bitcoin mining difficulty is on track to finish 2026 lower than it started. That would be the first annual decline in Bitcoin's history. So is it the beginning of the end? Difficulty is just a thermostat. When too many miners pile in, it climbs and crushes margins. When the overbuilt and overleveraged operators tap out, it falls and the survivors breathe again. That's a build in balancing system meeting the free market. And there is nothing to fear on the security side. The hashpower behind Bitcoin is orders of magnitude past what the network needs to stay safe. A drop of roughly 13.8% off record highs still leaves it parked near the most secure it has ever been. "No miners left" was never on the table. Here's the part the doomers miss. Lower difficulty means fatter margins for everyone still plugged in. It quietly invites the small, nimble, efficient miners back online, the ones who got priced out while the giants were flexing. The network doesn't get weaker. It gets more distributed. Bitcoin doesn't get a bailout when its miners overbuild. It adjusts, in public, and hands the advantage back to whoever is left and paying attention. The miners compete so you never have to trust any single one of them. https://pbs.twimg.com/media/HOPV4S8WUAAz-Xq.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Normal people check the weather before the weekend. I check if my node is still synced. We are not the same, and I've made peace with it. https://pbs.twimg.com/media/HOBSzxpWwAAscYb.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell We asked AI for a heartwarming photo of a dad teaching his kid self-custody. It melted the hardware wallet and engraved the backup plate "BITCOIM." We're not sure where the family went. Anyway. The point survives the slop. Most people inherit a bank account. A number someone else controls, that shrinks a little every year. You can leave your kids the money itself. Keys they hold, that no bank has to approve and no government can inflate away. Real inheritance isn't a balance. It's the ability to hold their own. (Still waiting on the version that can spell Bitcoin.) https://pbs.twimg.com/media/HOBSJ7kWMAAzYs5.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell El Salvador's president just turned 45. Five years ago he did something every serious institution called reckless. He started buying bitcoin for his country and holding it in the national treasury. The IMF warned him. The ratings agencies downgraded him. The op-eds wrote his obituary. The country is still here. The national stack is still growing. And those coins sit in El Salvador's own custody, not on loan from any foreign lender. Turns out the reckless move was trusting the people doing the mocking. Happy 45th to the first head of state who chose math over permission. — Zach 🧙♂️ https://pbs.twimg.com/media/HOBP4uTXkAAXSZi.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Nine of the biggest names in finance just pledged $15M to protect Bitcoin. BlackRock. Fidelity. Coinbase. Strategy. Two things are true at once. Yes, some of this is a press release. Goodwill with the Bitcoin community is cheap at $15M, and every firm on that list knows it. But the cynics miss the better point. These companies hold staggering amounts of bitcoin. Game theory doesn't care about their motives. Own enough of the network and you protect it and promote it, saint or not. Bitcoin was built this way on purpose. It never asked anyone to be virtuous. It just makes self-interest and security point the same direction. Same reason the quantum panic is overblown. Bitcoin isn't defended by a foundation or a pledge. It's defended by millions of aligned incentives and a network that has upgraded before and will again. $15M is a nice gesture. The incentives were already doing the work. Hold your keys, follow the upgrades, and don't mistake a press release for the moat. https://blossom.primal.net/28f36736f86b80e9a42d0224db0220caa5523df9ef2b8d725ee21166667972eb.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Corporate Bitcoin treasuries are unwinding in public. Satsuma's shareholders just voted to sell the company's 668 Bitcoin. Strategy paused its buying. The "own Bitcoin through a stock" trade is wobbling. Here is what the wealthy have always known. You don't protect real wealth by holding a paper claim on it. You hold the asset, and you build a team around it. Wealth, tax, legal, estate, acquisition, all coordinated. That structure has a name: the family office. For a century it was reserved for people with nine figures and a law firm on retainer. We are bringing it to Bitcoin. Tomorrow we introduce The Bitcoin Family Office Group. Five independent, bitcoin-native firms, coordinated into one experience, built for people who intend to actually own their Bitcoin rather than a claim on someone else's. Bitcoin Well Infinite: Lunch and Learn. Friday July 24, 12 PM EST. Full Q&A after. https://t.co/1JXorV7Xis @wyattorourke_ @jordanguess @Beau_Turner21 @TellyBitcoin @KyleLaw79 https://pbs.twimg.com/media/HN2yRSpXUAAsvva.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Treasury companies are selling their Bitcoin. Governments are quietly stacking it. Satsuma voted to dump 668 BTC. Strategy paused its buys. China sits on 190,000+ coins. The US on 300,000+. So who's really left buying, and does that make Bitcoin a geopolitical weapon? Today, 2pm EST right here on X. @mcshane_capital and @HankHudsonTV break it all down. The one stash nobody can vote away is the one in your own keys. https://pbs.twimg.com/media/HN2FwV-WQAAo8RK.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Let's clear something up, because it's all over X this week: nobody froze any Bitcoin. Here's what actually happened. OFAC flagged Iran-linked wallets, and Tether froze the tokens sitting in them. $131 million in USDT, on Tron, switched off by the company that issues it. A private firm pressed a button and the money stopped. That's a stablecoin freeze, not a Bitcoin freeze. And that's the whole lesson. A stablecoin has an issuer, and an issuer has a kill switch. Which makes it a dollar that still answers to someone. A CBDC with a corporate logo. Even if they said they froze bitcoin, there is zero reason to believe them. So, next time you see "they froze Bitcoin," ask for the block height. There isn't one. https://blossom.primal.net/e45ba63b448192b6405326cecd43f31f67260cdc1fd224ab421f0c1989c2f55f.mp4 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Everyone's on Bitcoin Twitter keeps acting like the Clarity Act is a big deal for Bitcoin but in reality it has almost nothing to do with Bitcoin at all. CLARITY is a market-structure bill: it decides whether the SEC or the CFTC polices a token, and it builds a brand-new rulebook for doing it. But have you actually read the thing? Its got: A capital-raising exemption so a project can sell its token. Resale limits on project insiders. A "maturity test" that only lets a token count as a commodity once no insider group controls more than 20% of the supply. None of that describes Bitcoin. Bitcoin had no company, no insiders, no token sale, no 20% holder to regulate. It has been treated as a commodity for a decade. The entire bill is a permission structure for everything that isn't Bitcoin: the thousands of tokens trying to earn the status Bitcoin was born with. The law needs seven criteria to ask "is this thing decentralized enough?" Bitcoin answered that question by existing. Regulate the middlemen and the tokens-with-founders all you want, but none of this thing touches Bitcoin and I'm kind of sick of hearing about it! - Zach 🧙♂️ https://pbs.twimg.com/media/HNsuohRXsAAl1Gh.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Chamath says the energy behind Bitcoin mining is worth 10 to 20 times more if you point it at AI. He's measuring the right number and missing the entire point. Mining doesn't spend energy to compute something useful. It spends energy to make one thing true: that no one can counterfeit, freeze, or rewrite your money. That security is the product. Compare it to AI compute and you've quietly assumed the only thing energy should ever buy is more output. Some things are worth more than output. A property title is "wasteful" too, right up until someone tries to take your house. Miners already chase the cheapest, most stranded energy on earth, the flared gas and curtailed hydro that no data center will ever sit next to. That power was never going to train a model. It was going to be wasted. AI makes energy more productive. Bitcoin makes energy into money nobody can debase. Those aren't competing bids. They're different jobs. The question was never whether the energy is worth more elsewhere. It's whether your money is worth owning outright. https://pbs.twimg.com/media/HNrpR8cXAAAdPBi.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Why Nobody Trusts the Bitcoin Rebound (And Why That Is the Point) npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Nobody posts about it, but there's a quiet kind of peace in holding your own keys. The market can be red. The headlines can be loud. Some exchange can be melting down on your timeline. And none of it reaches what's yours, because there's no one in the middle who can freeze it, lend it out, or lose it on your behalf. You stop refreshing. You stop worrying about someone else's balance sheet. What you hold is simply yours, verified by you, answerable to no one. That's the part the price charts never show. Self-custody isn't only safer. It's calmer. https://pbs.twimg.com/media/HNdKGmOXAAA2t3Y.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell It's dangerous to go alone in a world that prints money forever. Take this. 🟧 https://pbs.twimg.com/media/HNdHZekWkAAOUEG.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The ultra-wealthy have always had a team. A family office quietly coordinating their wealth, taxes, legal, and estate so nothing slips through the cracks. Bitcoiners never had that. Until now. On July 24 we're introducing The Bitcoin Family Office Group: five independent, bitcoin-native firms working as one across wealth, tax, legal, acquisition, and mining. One coordinated team, and you still hold your own keys. Joining us: Wyatt O'Rourke, Basilic Financial Kyle Lawrence, Falcon Rappaport & Berkman Jordan Guess CPA, Satoshi Pacioli Beau Turner, Abundant Mines Chantel Lillycrop-Kostiuk, Bitcoin Well VP of Operations We'll cover how it came together, introduce each firm, and walk through what the client experience actually looks like, from first call to a team working in sync on your behalf. Bring your questions. There's a full Q&A. Bitcoin Well Infinite: Lunch and Learn. July 24, 12:00 PM. Register: https://pbs.twimg.com/media/HNdFj63XkAAB0VM.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell They Knew the Strait Would Close. That Was the Point. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell How the West is Being Priced Out of the Starter Life npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell What Happens to Bitcoin If Saylor Gets Forced to Sell https://t.co/UjEyELyIG9 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Tomorrow, 2pm EST, Episode 2 of the Bitcoin Well Podcast. @JoeConsorti has spent years mapping Bitcoin against global liquidity and monetary policy. @ChrisAlaimo6 has spent years in the trenches of Bitcoin media. Two different lenses on the same question: is the playbook breaking, or is everyone else just early to the exit? https://pbs.twimg.com/media/HNNKTsUbEAA11S2.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The companies that road the "never sell your bitcoin" slogan to market their companies keep selling their bitcoin. Strategy parted with roughly 3,588 coins last week. This week a Nasdaq-listed miner sold about 1,400 more to fund a data center and pay down debt. Different names, same lesson. When you bolt a dividend, a loan, or a payroll on top of Bitcoin, you have created an obligation that does not care what you post about diamond hands. The obligation has a due date. The bitcoin is what gets sold to meet it. A claim stacked on an asset answers to its own schedule, not to your conviction. The coin in your own cold storage owes nothing to anybody. Own the asset. Not a promise stacked on top of it. https://pbs.twimg.com/media/HM5DB6rWAAAFNyA.png https://pbs.twimg.com/media/HM5DKNBXwAA6m65.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Every Bitcoin block carries the fingerprint of a man who never worked on Bitcoin. You just can't see it. In 1979, a cryptographer named Ralph Merkle patented a way to take a mountain of data and boil it down to a single fingerprint, so anyone could check whether one piece belonged to the whole without having to see all of it. He called it a hash tree. Everyone else calls it a Merkle tree. Thirty years later, Satoshi cited Merkle by name in the Bitcoin whitepaper and wired the idea into the heart of every block. Each block header carries one Merkle root, a single string that commits to every transaction inside it. It's why your phone can confirm a payment without downloading the entire chain. It's why nobody can quietly rewrite an old block, change one transaction and the fingerprint shatters. Merkle wasn't building money. He was one of the people who invented public-key cryptography itself in the 1970s, then handed the world a tool for proving things without trusting anyone. That was Bitcoin's whole spirit, decades early. Don't trust, verify. Merkle gave us the math to do it. https://pbs.twimg.com/media/HM5CZjbWoAAKLaW.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Michael Saylor says Bitcoin has no spam problem. A lot of people are furious he said it. Here is the part everyone in the fight is missing. It doesn't matter what Saylor thinks. It doesn't matter what the pools signal by July 15. Bitcoin doesn't have a CEO who decides what it is for, and that is the entire point of the thing. The rules of Bitcoin are not enforced by a vote, a company, or a mining cartel. They are enforced by the node you run. Every full node quietly checks every block against the rules its operator chose to accept. Miners can propose. Pools can signal. Billionaires can post. None of them can force a rule onto a node that rejects it. That is why the "spam" fight, for all its noise, is really a question about you. Do you run your own node and enforce your own rules, or do you outsource that judgment to whoever has the loudest account this week? Let them debate the filter. Sovereignty was never up for a vote. Run your node. The rules are yours to keep. https://pbs.twimg.com/media/HM0KWQ_XsAAJUEJ.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell An exchange showing you its "Proof of Reserves" tells you almost nothing. It's a magic trick, and you're the mark. Here is the sleight of hand. Proof of reserves shows you the assets. It says nothing about the liabilities. It's a bank flashing a vault full of Bitcoin while staying very quiet about how many different customers were promised that exact same coin. Reserves without liabilities isn't an audit. It's a photo of the good half of the story. This is fractional reserve banking 2.0. The exchange holds some Bitcoin, lends against it, rehypothecates the rest, and shows you a clean snapshot on a good day. It works right up until enough people ask for their coins at once. Then the math breaks, withdrawals "pause," and you learn what you actually owned: an IOU. There is only one audit that can't be faked. You hold the keys, the coins sit on the network as yours, and no snapshot, press release, or trust-me page stands between you and your money. Drain the exchanges. https://t.co/vyqXP6LO4W npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell They declared independence from a king in 1776. Then they tried to pay for it with a printing press. The Continental Congress had no gold and a war to fund, so it printed. Paper dollars called Continentals, millions of them, backed by nothing but a promise and the hope of victory. At first they spent fine. Then prices climbed. Then they ran. Within a few years it took a fistful of Continentals to buy what a single silver coin once did, and "not worth a Continental" entered the language as the insult it still is. The same government that fought a war over taxation without consent taxed everyone anyway, quietly, through the printer, no vote required. The soldiers who won that war were paid in money that melted in their hands. Sound money was the unfinished business of 1776. It still is. Bitcoin is the first money in that whole story that no Congress can print more of. Fixed supply, enforced by every node, no emergencies and no exceptions. Independence from a king was step one. Independence from the printing press is the part we still owe them. https://pbs.twimg.com/media/HMVGcSOWUAAxBkw.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell In 1993, a mathematician named Eric Hughes sat down and wrote a declaration of his own. It was not about a king. It was about privacy, and the machines that were quietly ending it. He called it A Cypherpunk's Manifesto. The core idea was simple and radical: if you want privacy in a digital world, no one is going to grant it to you. You have to build it yourself. His most famous line is three words long. "Cypherpunks write code." Not petition. Not protest. Not wait for permission. Build the thing that makes the freedom real, then give it away so no one can take it back. Fifteen years later, Satoshi did exactly that. Bitcoin was not a demand that governments fix the money. It was working code that fixed it, released into the open where no one could recall it. Here is the lesson that outlived the manifesto. Rights you have to ask for can be revoked. Rights you build into running code are yours to keep. Independence was never granted. It gets written. Sometimes in ink, sometimes in software. https://pbs.twimg.com/media/HMVFuqCXsAA3mFL.png https://pbs.twimg.com/media/HMVGEWeXQAARhML.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Last year I decided to try out the Flip 4 Android phone. Turns out a phone that opens and closes and little kids are not the best combo. After some rough usage, mine started shutting off every time it closed, and it's now on death's door. So I used it as an excuse to upgrade my sovereignty stack. I'd heard a lot about GrapheneOS but never took the time to really research it and bite the bullet. An open source OS that strips the bloat and spyware out of an Android phone? Sign me up. After an hour or so of research I settled on a used, unlocked Pixel 8. It showed up in a couple days and I set aside some time to install it. I was not expecting it to be this easy. Update the phone, turn on developer mode, plug it into my PC, and follow the step by step guide on the GrapheneOS website. That amounted to clicking a few buttons in my browser as it prompted me. About an hour later I had a brand new privacy focused phone. No tracking, no spying, no programs running secretly in the background. If I'd known it was this easy I'd have done it years ago. Can't recommend upgrading your privacy and sovereignty stack enough. Perfect pairing for any Bitcoiner who wants more freedom and peace of mind. And you couldn't ask for a better project to take on for 4th of July Weekend. Happy Digital Independence! - Zach 🧙♂️ https://pbs.twimg.com/media/HMT0Z0IW0AA6MmQ.jpg https://pbs.twimg.com/media/HMT0c4CXEAAXGt5.jpg https://pbs.twimg.com/media/HMT0dxRW8AACN54.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Heads up: we go live in 15 minutes. A betting market now puts a 70% chance on Bitcoin seeing $50,000 before year-end. That's not a prophecy. It's a mood with a price tag. At 4 PM EST, Michael Sullivan @SullyMichaelvan reads the market's real mood through language, not price. His data says this isn't capitulation or euphoria. It's apathy and anger. Don't trade on the crowd's feelings. Come learn what they actually are. The Deep Dive. 4:00 PM EST. https://t.co/1N634hOMoZ npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell "A fraud." "A pet rock." "I'd close it down." That was JPMorgan on Bitcoin for years. This week the same bank says digital assets are "moving into the core" of the financial system. Don't act surprised. He wanted it cheaper while he loaded up. Talk the price down, accumulate quietly, then announce you were early. Oldest move on Wall Street. And it's a preview. The people calling Bitcoin worthless today are the ones who'll sell it hardest a decade from now, once they own enough to sell. Their words follow their bags. They always have. So stop trading on what they say. A man calling it worthless while his firm builds the rails to hold it isn't handing you analysis. He's managing his entry. Study the asset. Use your own brain. The only conviction that survives a cycle is the kind you built yourself. https://pbs.twimg.com/media/HMAbQqQW0AAHADA.png https://pbs.twimg.com/media/HMAbTc6XkAAhM5v.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Open any Bitcoin timeline this week and you can feel it. Not fear. Something flatter. People tired, annoyed, picking sides over the same red chart. That mood is data. June 30, we're sitting down with Michael Sullivan @SullyMichaelvan (Sentiment Sully), who reads the market's real emotional state through language, not price. His take is counterintuitive: the opposite of euphoria isn't panic. It's apathy and anger. That's where conviction gets tested, long before the chart says anything. Bitcoin's identity crisis, the factions forming, Saylor, MSTR, "paper Bitcoin." All of it as conversation, not gospel. Everyone's staring at the same chart and feeling something different. Michael measures the difference. The Deep Dive: How is Bitcoin Feeling. June 30, 4:00 PM EST https://pbs.twimg.com/media/HLxAcarWQAA3Dx8.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Every currency in history started hard and got softened. Rome clipped silver out of the denarius until it was a copper slug with a wash. The dollar was redeemable for gold until it wasn't. The pattern never changes, because the people who issue money can always issue a little more, and a little more is always tempting when the bill comes due. Mises called it the inevitable end of every government money: expansion until trust breaks. He wasn't predicting one country. He was describing a temptation no committee has ever resisted for long. Bitcoin removes the temptation. 21 million, enforced by every node, changeable by no one with a printer and a deadline. The supply cap isn't a marketing number. It's the first money in history where "we'll just make more" is not an option anyone has. You can't soften what nobody controls. That's the whole case. https://pbs.twimg.com/media/HLxAG7zXkAA9J8G.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Somebody told me this week they finally moved their bitcoin off the exchange after three years. Three years of meaning to. Three years of "I'll do it this weekend." Then one afternoon they wrote down twelve words, sent a test amount, watched it land, and sent the rest. They said the strangest part was how quiet it was. No confirmation email from a company. No support line. No permission. Just their coins, in a wallet only they can open, answering to nobody. That quiet is the whole thing. We are so used to money that lives inside someone else's building that holding it yourself feels like it should be harder, or scarier, or need approval from somebody. It doesn't. It takes about ten minutes and a piece of paper you keep somewhere safe. If you've been meaning to do it for three years, this is the weekend. Your keys, your coins. https://pbs.twimg.com/media/HLw-QNqXgAAkGIO.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell A dollar just became the second most valuable asset in all of crypto. This week Tether's USDT passed Ethereum by market cap. Around $186 billion in dollar tokens, now worth more than the network that was supposed to replace the financial system. The most-used asset in crypto is the exact thing crypto was built to route around. Stablecoins are useful, no argument. Peruvian onion exporters are now settling customs in USDT instantly, no correspondent bank, no three-day wire. That part is real. But a stablecoin is still a dollar, and a dollar still loses value on a schedule set by people you never voted for. Tether can also freeze any address it wants, and it has done it many times over. Convenient money you can be locked out of is still money you can be locked out of. Bitcoin is the one asset on these rails nobody can print and nobody can freeze. Not a faster dollar. A different kind of money entirely. Hold the one with no off switch. https://pbs.twimg.com/media/HLw9iA0XAAARlzb.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell 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. That's the quiet reason Bitcoin is different from every currency before it. Fiat is created by decree. Bitcoin is created by proof. One costs a keystroke. The other costs the one thing no government can conjure from thin air: real work in the physical world. Sound money was always money that cost something to make. We just forgot what that felt like. https://pbs.twimg.com/media/HLM5kxfW4AA1qSU.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell 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 stop seeing Bitcoin as a number that goes up and down. They start seeing it as theirs. We've watched grandparents do it. Teenagers do it. People who swore they were "not a tech person" do it in about ten minutes. That quiet click of understanding is the whole point. Money you actually own, that answers to you and no one else. You can't hand someone a feeling. But you can hand them the keys, and let them find it themselves. https://pbs.twimg.com/media/HLM2sIOXYAAIiPC.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell 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 of everything that will ever exist. Not hacked. Not sold. Abandoned, because the one person who held the keys was the only one who could reach them. Self-custody answers "who can take my Bitcoin." It says nothing about "who can reach it when I can't." A seed on a steel plate is a component, not a plan. Your family cannot inherit what they can't decode. A new device is built for exactly this gap. CitadelVault is an air-gapped inheritance computer that encrypts your keys and instructions offline, splits recovery across NFC cards you scatter across separate locations (any 2 of 3 rebuild access), and ships with the legal documents heirs actually need. No subscription. No custodian. No KYC. The recovery scripts are open source and run without the company in the loop. It is very new, still pre-order, and the third-party audit lands later this year, so verify before you trust it. But the problem it targets is as old as self-custody itself. Holding your own keys is half the work. Making sure your family can still hold them after you is the other half. https://pbs.twimg.com/media/HLL2FuZXMAAJxIE.jpg https://pbs.twimg.com/media/HLL2JU5WIAAFFgH.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Two days ago the Senate voted 89 to 10 to ban a government digital dollar. Today the Treasury proposed forcing every stablecoin company to file your ID with the federal government This is the first GENIUS Act rule out of FinCEN, and it does the exact job the CBDC was supposed to do. A "Permitted Payment Stablecoin Issuer Customer Identification Program" drops Circle and Tether under the Bank Secrecy Act and orders them to verify, log, and report who holds the digital dollar. No central bank coin required. The surveillance just arrives wearing a private logo. The dollar going digital was never the threat (its already mostly digital). The dollar becoming a permission slip was. Whether the form says Federal Reserve or USDC at the top changes nothing about who can freeze your balance or watch where it moves. There is one digital money that cannot run a customer identification program, because no company stands between you and it. You hold the keys. There is no issuer to subpoena, no account to flag, no balance anyone can switch off. Not your keys, not your coins was never a slogan. It is the only opt-out the rulebook forgot to close. https://pbs.twimg.com/media/HLHsHf4W8AAUsri.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Here's the question almost no investor asks before buying Bitcoin: what is money, actually? They'll study a company's cash flows for a week before buying the stock. They'll read the prospectus twice. Then they'll buy Bitcoin off a chart and a tweet, with no framework for what they're actually holding. Eric Runge @VeritasForward spends his career fixing that for advisors and their clients. Start with the long history of money, and why currencies that can be printed without limit keep ending the same way. Do that first, and the price chart stops looking like noise and starts looking like a consequence. Tomorrow, he's walking through the whole framework live with us, plus an extensive Q&A. "Most Investors Approach Bitcoin Backwards. Let's Fix That." Friday, June 12 · 12 PM ET. If you advise families or run a business, this is the framework you've been missing. Register: https://pbs.twimg.com/media/HKUNR05XIAAxpsS.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell A 16-Year Satoshi-Era Whale Just Moved: How Many Bitcoin Does Satoshi Really Have? npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Three United States senators want the Labor Department to scrap a proposed rule that would let retirement savers put Bitcoin in a 401(k). Elizabeth Warren. Bernie Sanders. Tim Scott. Two Democrats and a Republican. The senators argue that Bitcoin is too risky for a retirement account. Bitcoin is too risky for a retirement account because a retirement account is a structure where someone else holds the asset, someone else files the paperwork, someone else decides the redemption window, and someone else writes the rules for the day a saver wants the asset back. The risk the senators are describing is not the risk of Bitcoin. It is the risk of the wrapper. A retirement saver who buys Bitcoin and holds it in a self custody wallet doesn't need a Labor Department rule, a fund administrator, a custodian, or a Senate letter. The saver needs a seed phrase and a piece of paper. Three senators are arguing about whether to let savers access Bitcoin through a system that takes the Bitcoin out of the saver's hands. Hold the asset directly and the rule the senators are debating becomes a rule about other people's money. https://pbs.twimg.com/media/HJ1VD8CXcAAx1Yx.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Nick Szabo described bit gold in 1998. Ten years before the Bitcoin whitepaper, Szabo had already sketched the structure. Proof of work for issuance. Cryptographic chaining for sequence. A public registry that did not require a bank to verify or a state to authorize. The idea was complete. The protocol was unfinished. Bit gold was never built into a working currency. It sat in academic papers and a personal blog. Then somebody ran the code. Szabo did the hardest part of the work. He sat with the question of what money could be if a computer enforced its own scarcity. He answered it on paper. Someone else answered it in software. Most of what gets called innovation in this space is a remix of an idea that was already written down almost three decades ago. Satoshi just happend to be the one that built the thing. The cypherpunks were not theorists. They were architects who did not have the construction crew yet. If you hold Bitcoin today, you are holding the running version of a thesis that took ten years to compile. Read Szabo. Then check your seed phrase. https://pbs.twimg.com/media/HJgvItAWsAI7HZt.jpg https://pbs.twimg.com/media/HJgvPaWWMAINcJE.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell JUST NOW: 🇯🇵 Japan announced tokenized government bonds "on a blockchain," and crypto Twitter is calling it adoption, but this a classic case of the emperor having no clothes. Bitcoin is the innovation. Blockchain is the costume. This isn't Bitcoin. It's the country with 250% debt-to-GDP, the textbook fiat endgame, putting that same debt on a faster rail because "blockchain" still polls well. Blockchain without proof-of-work and a fixed supply is a permissioned database with extra steps. Bitcoin is the only one that ever mattered; 21 million coins, no issuer, no off switch. The state didn't fall in love with decentralization. It fell in love with the brand recognition. Watch the language: "tokenized," "on-chain," "24/7 settlement." Not "fixed supply." Not "self-custody." Not "censorship-resistant." Because that part isn't on offer. Don't confuse the empire reaching for the network effect with the empire surrendering to it. Not your keys, not your coins. Not Bitcoin's blockchain, not your sovereignty. https://pbs.twimg.com/media/HHvoIHUWgAgpAjJ.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Reid Hoffman bought Bitcoin in 2014. He hasn't sold a single sat in twelve years. When asked what his exit price was, the LinkedIn co-founder said: "Is there such a thing as an exit price?" You see, "exit price" is fiat-brain. It assumes Bitcoin is the trade and dollars are the destination. Hoffman flipped the script: he's already in the destination. The 12 years of holding aren't conviction. They're literacy. He understands what most people still won't admit. The thing you "exit into" is the thing being debased on purpose. Rothbard called it correctly fifty years ago: paper money is not a savings vehicle, it's a managed loss. Hoffman ran the math in 2014 and never looked back. You don't need a billionaire to validate self-custody. But it helps when the market keeps producing them. Buy bitcoin. Hold your own keys. Stop asking when to leave. There's no exit from sound money. https://pbs.twimg.com/media/HHqNysHW4AQm-Da.png https://pbs.twimg.com/media/HHqN00AXcAMzxYz.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell 1/ Your 24-word seed phrase is mathematically unhackable. Which means if you die tomorrow, your family will never see a single satoshi. Millions of people are securing their wealth but guaranteeing their family's exclusion. Here's the reality of the Heirless Vault. 🧵 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Jamie Dimon is on television praising "blockchain technology" and "permissioned ledgers." The chyron underneath is announcing JPMorgan's new stablecoin. Let me translate what's actually happening. A "permissioned blockchain" is a mathematical oxymoron. Satoshi didn't build the timechain so Jamie Dimon could make legacy banking slightly more efficient. A blockchain without proof of work and decentralized consensus isn't a technological breakthrough. It's an overpriced Excel spreadsheet on a server in Manhattan. When Dimon says "permissioned," he means JPMorgan holds the master key. They decide who runs a node. They decide whose transactions get processed. They decide whose wealth gets frozen. Same legacy friction. New buzzwords. The stablecoin is worse. A JPMorgan stablecoin is programmable fiat. Still backed by parabolic government debt. Still losing purchasing power to inflation every year. The only difference: they don't need to call a branch manager to freeze your account anymore. They execute a smart contract and lock your savings at the speed of light. They took the melting ice cube of fiat and added a digital surveillance layer. Then called it innovation. Here's what they actually understand: they can't control Bitcoin. So they're trying to extract the database architecture, strip out the decentralization, and sell you the cage with better branding. They don't get that the database is meaningless. The innovation is the proof of work. The innovation is a global ledger that requires no military, no central bank, and no CEO to enforce its rules. Wall Street has entered the bargaining phase. Don't bargain with them. Hold absolute scarcity. https://blossom.primal.net/2c05aec9be6295002aa3322ca2c67187406283e4c6eca62541f3c68a9d7a5034.mp4 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The market is finally reacting to the "Hormuz Toll" reality, and the signal is deafening. While the Trump Ceasefire has sent oil prices into a 16% freefall, Bitcoin is pushing toward $75,000. For fifty years, the world hedged geopolitical instability by buying oil and dollars. Today, they’re buying the Exit. We are witnessing a "Great Repricing" of Sovereignty: Crude is crashing because the threat of kinetic war is pausing. Usually, Bitcoin would follow "risk-on" assets down. Instead, it’s surging. Why? Because the market realizes that even in "peace," the monetary pipes have changed forever. The Liquidity Sponge: As the "War Premium" drains out of oil, that capital isn't flowing back into Treasury bonds - it’s flowing into the only asset that Iran, the U.S., and the markets all now recognize as a final settlement layer. The End of 'Energy Hegemony': If you can settle transit tolls in BTC during a conflict, you can settle trade in BTC during a ceasefire. The "Petrodollar" wasn't just about oil; it was about the requirement of the dollar. That requirement just evaporated. Wall Street is calling this the "Ceasefire Liquidity Wave." They’re wrong. This isn't a wave; it’s a regime shift. When oil becomes more volatile than the asset used to tax it, the transition from Geopolitics to Geocoding is complete. The world is no longer pricing risk in Barrels. It’s pricing it in Satoshis. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell "No kings" is the wrong frame. Because the people protesting still want their person in power. King, Prime minister or President. Just all different ways to sell you on your own slavery. How about "No slavery"? #bitcoin npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell AI uses energy to generate infinite content. Bitcoin uses energy to generate absolute scarcity. In a world flooded with deepfakes and fiat, verifiable truth is the most valuable commodity on earth. Value the truth. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell M-Pesa processes more daily transactions in Kenya than most banks do across entire continents. Lightning is now building directly on top of mobile money rails in East Africa. The global south isn't waiting for the West to solve Bitcoin UX. https://pbs.twimg.com/media/HE2TESoaMAAMl7K.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell What does the trend look like over the last 12 months? If the GBT share is rising, that's a real shift in decentralized block production, not just in theory. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Cecil Rhodes and early globalists dreamt of a society controlled by a wealthy elite, using central banks and foundations to penetrate the social fabric. For 100 years, the fiat system funded this. #Bitcoin defunds the elite and returns power to you. 🌍 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell If you're a Canadian Bitcoin investor and you don't have your tax stack sorted, this one's for you. March 20th. Noon EST. Charlene Tessier breaks down exactly how the CRA treats your Bitcoin and how to stop losing sleep over it. Bitcoin Well Infinite: Lunch and Learn. Register now: https://pbs.twimg.com/media/HDjXFfvbEAEO5uv.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell A lawyer realized something strange about Bitcoin: strict rules, zero rulers. No judges, no regulators, no central authority. 17 years of perfect enforcement with nobody in charge. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Difficulty adjustments work like an immune system. Weak miners flush out. The network recalibrates. Comes back stronger. No central bank needed. https://pbs.twimg.com/media/HDTZl19WwAE3qoI.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Fully agree on the principle. The gap is the last mile: millions of people who want this but get wrecked by seed phrase mismanagement. Self-custody only wins long-term if it's also survivable. That part still needs work. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Bitcoin Well's 2025 revenue: $133 million. Up 47% year over year. A Canadian company helping people buy and self-custody Bitcoin, growing faster than most fintech unicorns. Quietly. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Been thinking about this: the longer someone studies Bitcoin, the more they buy. That's not how scams work. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell The SEC just reduced the stablecoin capital haircut from 5% to 2%. Translation: they're making it cheaper for banks to hold dollar-pegged tokens. The same regulators who spent years fighting crypto are now building the infrastructure for digital dollars. They don't want you to have Bitcoin. They want you to have a programmable dollar they can monitor. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell "How much Bitcoin do I need to retire?" You are asking the wrong question because you are still measuring your future with a broken ruler. The global economy has $900 Trillion in assets, sitting on top of $600 Trillion in debt. The system is mathematically insolvent. The only way they keep the illusion alive is by printing exponentially forever. Stop worrying about the fiat price tag. Just get on the lifeboat. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell A Bitcoin node in Iran verifies the exact same rules as a node in Tel Aviv. A wallet in Russia follows the exact same math as a wallet in Ukraine. While leaders draw lines on maps and sanction banks, the network just keeps ticking. 10 minutes per block. 21 million coins. Permissionless for everyone. In a world tearing itself apart, we are building the only neutral ground left. Come build. 🧡 npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Full Video here: https://youtu.be/jDOj57-7upY npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell They print the money. You work for the money. They dilute the money. You lose the money. Break. The. Loop. #Bitcoin npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Tensions with Iran are escalating. Carriers are moving. You know what comes next: The War Machine needs funding. The Money Printer goes brrr. Your savings pay the bill via inflation. Bitcoin is the only way to opt out of funding conflicts you didn't vote for. Defund the war. Buy the hardest asset. https://blossom.primal.net/0edca1fe97a282d74a355b7af27751ce492d440c8bdde6324785d2f73fea3a41.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Time to update the sight! Its now been declared dead 462 times! https://blossom.primal.net/be128a2b60b87e3183791785982ba9e42ae551f28538ce087868d3e5487f01de.png npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell When someone wants to buy some Bitcoin and people butt in with their favorite crapto-coin you should buy instead. https://blossom.primal.net/1fd97c7eb72f4e2f639d4926ba2ff6a25657147f6f345c8b1ca55d90c1f05e9e.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell a house full of bitcoiners watching the F1 movie…does it get any better https://blossom.primal.net/feda6b063c0b922f1621f5c2d9610fc670d011eeb52a30baf77c9d4eea2e2640.jpg https://blossom.primal.net/a65706c7eae305ef9cb704a2eec49ac7740149af3c837c9a008a587998ebf94a.jpg npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Can a circle be a square? npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Yes, but the properties that make up reality can't be changed. You can't turn initiating violence or theft into moral action no matter how many word games you play. You also can't give someone (government) rights that you don't have (the right to steal). This is something that is universal and will never change. npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell Bank of America now officially recommends a 1–4% allocation to Bitcoin for wealth clients. https://blossom.primal.net/932343a95fbe71425d752dd74d9e68eda9cd24eb4e252c47358413ebc4ca12cc.png First they laugh at you Then they fight you Then you win Guess what phase we've entered into? -Zach 🧙♂️ npub19mf4jm44umnup4he4cdqrjk3us966qhdnc3zrlpjx93y4x95e3uq9qkfu2 bitcoinwell https://m.primal.net/Oehz.jpg 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