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Non-custodial bitcoin only platform in Canada. Bank to bitcoin in 30 seconds 🏎️

Last Notes

2024-09-17 15:38:28

"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" 🤔

2023-06-16 16:49:14

Knowledge is power! The more you understand about #bitcoin, the fewer altcoins you'll find in your portfolio.
Raise your hands if you're in the #BitcoinOnly club! 🙌
#bitcoinwell #futureproofmoney
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2023-06-14 15:58:34

Tired of governments perpetually debasing our currency? #Bitcoin is the solution to safeguard your wealth from arbitrary inflation.
http://bitcoinwell.com/join
#bitcoinwell #futureproofmoney
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2023-05-08 16:34:04

Looking for a way to add #bitcoin to your balance sheet?
Head on over to http://bitcoinwell.com/corporate to learn more about our business solutions.
#BitcoinWell #BitcoinForBusinesses #futureproofmoney
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2023-05-01 17:08:36

With #bitcoin, you have the power to take control of your own money and protect your wealth from central banks.
Start your bitcoin journey today at http://bitcoinwell.com/join and #futureproof your money!
#bitcoinwell #btc
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2023-03-17 16:07:08

Bitcoin Well is on pace to crush our highest number of transactions in a month in March. Users keep stacking bitcoin while banks continue to crumble. Stay humble, stack sats 🫡