Son: Dad, Bitcoin does not over-promise nor under-deliver. Bitcoin simply does its thing. Everyone knows the rules, and you must follow them if you want to use Bitcoin. Dad: Son, and you can count on these rules! This is a wonderful and powerful thing. Son: Bitcoin is "Rules without Rulers". #Bitcoin

Son: Dad, there's no friend as loyal as a bitcoin. Dad: Son, "as a book". Ernest Hemingway said, "There is no friend as loyal as a book." #Bitcoin

Dad: Son, tell me something interesting about "Bitcoin Transactions". Son: Hi Dad, Ok. A "Bitcoin Transactions" can consist of many inputs and many outputs. The inputs are outputs of previous transactions which you want to spend, and each output has values assigned to an address. In general, a transaction is expected to have 2 outputs, the "destination address" and the "change address". Dad: So, the remainder of the funds are moving on chain as well? Son: Yes, you always have to move the whole unspent transaction output, also known as "UTXO" or coin. #Bitcoin

Son: Thanks __________________ for Bitcoin. Dad: Son, who is going to fill the blanks? #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, I feel embarrassed asking this question, but what is the difference between a full node and a miner? How do I get my full node to mine? Son: Hi Dad, A full node verifies blocks. A miner creates blocks. A full node on a Raspberry Pi is not made for mining. You need specialized equipment to mine. Dad: Son, that is a pity. I was hoping to make some sats. #Bitcoin

Dad: Son, I had a dream last night... A Dream about a big pile of gold. Unfortunately, I could not bring it back to reality. :-))) Son: Hi Peter Schiff, uhm, Dad, Know what? If it were bitcoin, you could have brought it out of dreamland and into reality. #Bitcoin

Dad: Son, how much have you lost trying to trade? Be honest. Son: Hi Dad, I leverage traded once, and again. I got liquidated and many sats changed hands. For me, trading is gambling. Never again. After many blocks, I still can feel the pain. Dad: Everybody wants more sats, as it seems. Son: That's true, Dad. Lessons learned. #Bitcoin

Dad: Son, what is the best application for lightning? Son: Hi Dad, Bitcoin payments and killing shitcoins. #Bitcoin

Dad: Son, Andrew S. Tanenbaum once said: "Never underestimate the bandwidth of a station wagon full of tapes hurtling down the highway." Then this bitcoin stick came to my mind again. I cannot remember the name. Son: Hi Dad, You're talking about the "Opendime", I assume. A cheap, private and fast transaction medium, especially when fees go up. Dad: Yes! Never underestimate an Opendime. #Bitcoin

Dad: Son, what does "GMI" mean? Son: Hi Dad, GMI: Gonna make it. NGMI: not gonna make it. WAGMI: we all GMI. Dad: WAGMI Son: Yes, Dad. #Bitcoin

Dad: Son, in my humble opinion, prepping and training should be tax deductible. Son: Hi Dad, Yes, true, and this should apply to stacking too. But, this is not what they want you to do. ;-) #Bitcoin

Dad: Son, when will the last bitcoin be mined? Son: Hi Dad, The last fraction of a bitcoin is estimated to be mined in 2140, when the block reward will drop below 0.00000001 bitcoin, which is 1 Satoshi. Dad: This is in 120 years. What will happen by then? Son: We are going to make sats the standard!By that, I mean Satoshi Dollars parity. ;-) Dad: 1 bitcoin would be worth 100 million US Dollars!! Son: Yeah, and in the Lightning Network we can even split a Satoshi into millisatoshi if smaller denominations are needed. #Bitcoin

Son: Dad, don't wait for a three-digit-sats-per-dollar-value to start stacking sats. Dad: Son, I am already stacking sats with Relai. Son: That is a relai good idea, Dad. #Bitcoin

Dad: Son, what do you mean by "stacking sats" exactly? Son: Hi Dad, To me, "stacking sats" is the act of converting an inferior asset into a superior one, namely bitcoin. Because stacking sats is done often and mostly on a regular basis, this result is a fraction of a bitcoin, measured in "sats". One bitcoin can be divided into 100,000,000 Satoshis, or "sats" for short. Dad: Son, let us stack some sats together! #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

Dad: Son, who created Bitcoin? Son: Dad, no one actually knows... Dad: What? No one knows who created Bitcoin?! Son: I doubt anyone knows who created Bitcoin. It seems to be one of the best kept secrets of modern times. But we do have a name: "Satoshi Nakamoto". This may be a person or a group of persons. Dad: But Bitcoin has to come from somewhere, right? Son: Yes, Bitcoin did have a prehistory. There are eight references listed at the end of the Bitcoin white paper. Would you like to take a look? #Bitcoin

Dad: Son, why should I invest in Bitcoin? I do not understand it. ¯\_(ツ)_/¯ Son: Hi Dad, Nobody understands Bitcoin when they start. Dad: Truth. Son: Two other things are true: 1. Nobody has enough Bitcoin. 2. Nobody understands Bitcoin completely. So, you are in good company. ;-) #Bitcoin

Son: Dad, how do you explain bitcoin to your boomer friends? Asking for a friend. Dad: Son, behave yourself! Son: This was just a question, Dad. :) Dad: Bitcoin is "Cloud Money". You can upload it, store it and download it. Simple, right? :-) Son: .. and with "Lightning" you can even stream money. Dad: Lightning? Son: The "Layer 2 instant payment system" thing, that settles withing a fraction of a second. #Bitcoin

Dad: Son, how to avoid losing money trading bitcoin? Son: Hi Dad, Best would be not to trade at all. Dad: The trend is upwards. Why not trading it?! Son: Bitcoin is like digital gold. It's harder, stronger, faster and smarter than any money that has preceded it. Bitcoin is far too valuable to bet on it. Dad: Valuable – that's exactly why I want more of it. Son: Greed will cause pain. ;-) #Bitcoin