Son: Good morning, Dad. Bitcoin is in top form today, as yesterday, and the day before. I hope you are as well. Dad: Son, good morning! There is nothing to complain about. :-) #Bitcoin

Son: Dad, volatility is _______________. Dad: Son, that must be "nerve-wracking". Volatility is nerve-wracking. Son: For me, volatility is "the price for being early". #Bitcoin

Dad: Son, is there a difference between Bitcoin and bitcoin (upper-/lowercase 'b')? I have seen both spellings in publications. Son: Hi Dad, When expressed using a small 'b', the word bitcoin usually refers to the unit of currency. Dad: And the uppercase 'B' ? Son: Bitcoin with a capital 'B' is typically associated with Bitcoin, the protocol and payment network or to refer to the ecosystem as a whole. Dad: So, "Saving in bitcoin is investing in Bitcoin." Son: "Stacking sats makes Bitcoin better." #Bitcoin

Dad: Son, now I have two wallets and too many passphrases. What do you suggest? Son: Hi Dad, Get one more and go multisig. #Bitcoin

Dad: Son, how does Taproot make Bitcoin fungible? Son: Hi Dad, With Taproot/Schnorr, all on-chain transaction outputs for spending look the same. Dad: All transaction outputs? Even multisig?? Son: Yes, multisig and opening or closing lightning channel look like any other normal Bitcoin transaction. There are no more "multisig m of n" labels shown in the Block Explorer. Users can combine signatures into one key and use it as programmable funds, also known as "smart contracts", without identifying the purpose, which improves both privacy and fungibility. The best is, these transactions are smaller and cheaper. #Bitcoin

Dad: Son, what is "Coin Control" and what is it for? Son: Hi Dad, In Bitcoin, not every UTXO is the same, even if the amount is exactly the same. Dad: An "UTXO" is a coin or note in my wallet, right? Son: Yes. With coin control, you can choose which coin or note you want to spend. It like choosing a note by its serial number. Coin control is crucial for maintaining privacy. Make sure to use it. #Bitcoin

Son: Dad, did you get your coins off exchange? #Bitcoin

Dad: Son, I am looking for a Bitcoin documentary. Do you have any recommendations? Son: Hi Dad, Sure. I would watch these in the given order: 1. Banking On Bitcoin 2. Bitcoin — Shape The Future 3. The Rise And Rise Of Bitcoin 4. Bitcoin: The End of Money as We Know It 5. Bitcoin: Beyond the Bubble Dad: Got my popcorn ready for documentary night! Thanks for your recommendations, son. #Bitcoin

Son: Dad, did you get your coins off exchange? Dad?! This is a friendly reminder to get your coins off exchange. It shouldn't be ignored! Dad: Son, thank you for your message. I am thinking of taking my bitcoin off the exchanges when the stack will start to look big enough. Son: Download a phone wallet like Muun or BlueWallet. Learn to back it up and learn how to restore it using your recovery seed words. Start learning self-custody with small amounts today. It's a process, and you need to practice it. Dad: All right, I will take a look at it. #Bitcoin

Dad: Son, impressive how to pay with the lightning network in the blink of an eye. Son: Hi Dad, Spend your sats responsibly. #Bitcoin

Son: Dad, Bitcoiners are just a different lot of people. They think different. They act different. They spend different. They are different. Dad: Son, that is pretty obvious to me. But why? Son: Because of Bitcoin, Dad. #Bitcoin

Son: Dad, these are the top 5 things I learned about money while in school. 1. _________________________________ 2. _________________________________ 3. _________________________________ 4. _________________________________ 5. _________________________________ Dad: Son, it is a shame... I am certain that the "health" list will not look any better. #Bitcoin

Dad: Son, is it possible to send funds from a Bitcoin address to itself, I mean to the same address? Son: Hi Dad, Yes, "address reuse" is possible, but should be avoided as it unnecessarily reveals common authorship of transactions. Repeat after me: "Address reuse is privacy abuse." #Bitcoin

Dad: Son, governments are now developing alternatives to Bitcoin to regain control of their currencies. China: E-Yuan Europe: Virtual Euro America: E-Dollar Switzerland: E-franc Son: Hi Dad, I never opt for those, and I won't use those, I suppose. Bitcoin is the money I chose. #Bitcoin

Son: Dad, your Bitcoin mnemonic seed is as unique as you are. Dad: Son, while there is a vast amount of genetic diversity, humans share a common genetic framework. The total number of unique genetic codes is astronomical due to the complex combinations possible with the four DNA bases. Also, genetic information is inherited and passed down through generations – as you know ;) Son: A Bitcoin mnemonic seed is a unique word sequence generated from random numbers, mapped to a predefined set of words. BIP-85 allows you to derive a child seed from a parent seed. Dad: Never thought about it that way! #Bitcoin

Son: Dad, Bitcoin is Bitcoin because of bitcoin (BTC). Dad: Son, once you understand that concept, you understand many Bitcoin concepts much better. Son: Yeah, everything makes much more sense. Dad: Sadly, it takes a huge effort to get there. Son: Sadly? As if it was part of the plan. ;) #Bitcoin

Dad: Son, I want one of those 21M Bitcoin so bad!!! Son: Hi Dad, I can understand this desire! One thing you should know: There will never be 21M BTC. Dad: Why not 21M Bitcoin? Was I lied to? Son: No, no one was lied to. Here is why: The block 501726 was generated without reward (-12.5 BTC), and block 526591 with half a reward (-6.25 BTC) Also, the 50 BTC in the Genesis Block can't be spent, even if Satoshi comes back. On top of that, ~4 million BTC have been lost. Well, those coins existed, but were lost. Maybe one or the other Satoshi will find its way back into circulation. However, keep stacking sats. #Bitcoin

Son: Dad, today our youngest told me that he is considering a career in organized crime. Dad: Son, what did you say? Son: "Government or private sector?" #Bitcoin

Dad: Son, what is a "Bitcoin block" exactly? Son: Hi Dad, Think of it as a record of ownership at a certain point in time. The "point in time" is measured as "block height", which is the number of blocks in the chain between a given block and the very first block in the blockchain. Dad: So the blockchain can also be used to measure time? Son: Yes, exactly, that's why Satoshi also called the blockchain a "timechain". #Bitcoin

Dad: Son, Bitcoin is too expensive Bitcoin is old technology Bitcoin is too complicated Bitcoin is risky and speculative Bitcoin will be replaced by another coin Son: Hi Dad, No, no, no, no and no. It would go beyond the bounds of this message to elaborate on this. Talk to you later... #Bitcoin