Dad: Son, you cannot buy happiness. Son: Hi Dad, Who said you can't buy happiness? You can buy bitcoin. #Bitcoin

Dad: Son, if you are feeling down, call mom. #Bitcoin

Dad: Son, owning a fraction of a Bitcoin is life-changing. Son: Hi Dad, I am not sure if your 200 bucks worth of bitcoin will be life-changing one day. ;-) But yes. Dad: It is life-changing. I am reading more today and question the mainstream media more than ever. Son: I truly agree, Dad. Many more things will change when you fall deeper down the rabbit hole. Dad: Son, what changed for you? Son: Everything – from steak to stacking SATs. #Bitcoin

Dad: Son, what does SHA256 hashing do? Son: Hi Dad, Let's assume a want to hash this message. The hash would be 64 characters long, always, no matter how long the message is. The hash is always the same if I hash the same message, and there is no way to get back to the original message based on the hash. Dad: So, hashing is a one-way transformation of information and the information is not the information itself. The information for me and others is that the given information is "true". Son: Yes, Dad, you can understand it that way. #Bitcoin

Dad: Son, what do you think about __________? Son: Hi Dad, Nah. I wouldn't recommend __________. I'm just interested in Bitcoin. But in the end, everyone has to decide for themselves... #Bitcoin

Dad: Son, what is "Cold Storage" exactly? Son: Hi Dad, "Cold storage" is a general term for different ways of securing bitcoins offline. Your signing keys are disconnected from the internet. Dad: So "BlueWallet" must be a hot wallet? Son: Yes. It's connected to the internet. This is perfectly fine for daily transactions and smaller amounts. For storing funds long term, use a dedicated hardware wallet like the "Coldcard" or the "Passport". However, multisig – a "signing combination" of various wallet – would be the best solution. #Bitcoin

Dad: Son, my balance hardly changes. Son: Hi Dad, Stacking slowly? It's okay, but never stop. #Bitcoin

Son: Dad, don't trust everything you see. Even salt looks like sugar. Dad: Son, what do you want to tell me? Son: Use your Umbrel node to verify if your bitcoin is real bitcoin – or you will be salty in the end. #Bitcoin

Son: Dad, the Tor project is instrumental to true freedom on the internet. Its main offering, the Tor browser, is a web browser that lets users stay anonymous online and protects them from being tracked by hackers, internet service providers, and even corporations and governments. For Bitcoin, Tor is such a vitally important piece of infrastructure. Dad: Son, what do you want to tell me? Son: The Tor Project is only kept alive by few sponsors and contributors. They need funds to build and maintain the onion service. Let's donate some bucks.

Donate to the Tor Project

Support tools that break the chains of censorship and surveillance

#Bitcoin

Son: Dad, there is no such thing as overproduction in Bitcoin. Bitcoin always paces itself. Everything works as designed and everything is in perfect order every 10 minutes on average. Dad: Son, it seems to me that Bitcoin runs as accurately and precisely as a Swiss watch. Son: Bitcoin is indeed a great timekeeper. #Bitcoin

Son: Dad, you don't have to be an expert to buy bitcoin. Dad: ... the expert said. ;-) #Bitcoin

Dad: Son, what about "paper wallets"? Son: Hi Dad, Don't use them nowadays. These paper wallets are considered unsafe for various reasons. Dad: What should I use instead? Any suggestions? Son: "Opendimes" are today's paper wallets. This is a very safe and effective way to generate a uncompromised private key. Dad: And then I load the private key into BlueWallet? Son: If you want to move your funds, then yes. #Bitcoin

Son: Daily reminder: Dad, no one is coming to secure your wallet's recovery seed words for you. ;-) Dad: Son, thank you for helping me to help myself. With a Cryptosteel, it was done in no time. Thank you for the recommendation and the "TEACH_ME_BITCOIN_SON_CS10 " coupon code. Son: You're welcome, Dad. Glad you did it. Have you secured the passphrase too? Dad: Yes, I did. Got a "Capsule Duo". #Bitcoin

Son: Dad, Bitcoin is 100% voluntary. Dad: Son, I am uncertain if those who desperately need Bitcoin feel the same way. Son: Even then, Bitcoin is 100% voluntary. #Bitcoin

Son: Dad, did you know that Bitcoin transactions are recorded in blocks on a chain called the blockchain? Dad: Son, I have heard the term "blockchain" before. How does it prevent double-spending? Son: Each bitcoin can only exist in one block at a time, so it can't be in two separate blocks simultaneously. What we call "bitcoin" or "coin" refers to an unspent transaction output, alternatively identified as "UTXO". Dad: Ah, got it. That ensures the integrity of the transactions then. Son: Exactly, Dad! It's one of the reasons why Bitcoin is considered secure and trustworthy. #Bitcoin

Dad: Son, what does m/44'|48'|84'/0'/0' mean? Son: Hi Dad, It's a "derivation path" and it describes how your Hierarchical Deterministic (HD) wallet derive a specific key within a tree of keys. For example, if you want to get the next address from a wallet, it just increases the last number by one. Dad: So this means that all receiving addresses are already known when the wallet is created? Son: All receiving addresses, all change addresses, all accounts and much more are known from the beginning. Everything is derived from your 12 or 24 seed words using a derivation path. #Bitcoin

Dad: Son, why not keep my Bitcoin on an exchange? They are like banks, and you can use two-factor auth. Son: Hi Dad, Exchanges are on-ramps and off-ramps. They are not destinations. Use them as they have been designed, as routes to self-custody and not as banks. Dad: Even though every withdraw costs a hefty fee? Son: Yes. Freedom and sovereignty has its price. I don't want anything or anyone to come between me and my bitcoin. For me, there is no such thing as "too complicated", "too cumbersome" or "too expensive" when it comes to self-custody. #Bitcoin

Son: Dad, Passphrases are easy to use. Dad: Son, that is why everybody should use it. Right? Son: Passphrases are easy to lose. Dad: Uhm, that is bad. What do you suggest? Son: That's why everybody should use a Cryptosteel. Dad: It is not easy to do everything right. Son: Get a "Capsule Duo". Use one for the recovery seed words and one for the passphrase. Store both Capsules on different locations. That's it. #Bitcoin

Dad: Son, Bitcoin is like a rockstar. All news is good news. Son: Hi Dad, You're absolutely right. The more people talk and think about Bitcoin, the more the virus spreads. #Bitcoin

Dad: Son, I am getting old. I need a backup solution for my passphrase. I think getting another Cryptosteel Capsule. I have so many tiles left. Do you know if I can buy only a Capsule container without the tiles? Son: Hi Dad, Yes, you can buy an empty Capsule. This package includes no tiles or separators and is perfect for backing up a passphrase. On the Cryptosteel website, go to 'Products' > 'All Products' > 'Shop'. Use the coupon "TEACH_ME_BITCOIN_SON_CS10" during checkout to get 10% off! Dad: Great, found it. Thank you. :-) #Bitcoin