Dad: Son, is the Bitcoin price artificially suppressed?
One Bitcoin should already be worth many times more, as rare as Bitcoins are.
Son: Hi Dad,
Yeah, buy as much as possible of the artificially low-cost asset, and move it off the exchange into cold storage.
They may be able to delay the death of the dollar, but Bitcoin's settlement properties make this type of attack impossible to win.
The question is not "if", but "when".
Dad: At the same time, one Bitcoin is already so expensive that it will be impossible for most to own a whole coin.
#Bitcoin
Dad: Son, Bitcoin seems to waste a lot of energy.
Will there be a protocol upgrade to change that?
Son: Hi Dad,
If you still think Bitcoin wastes energy, you should sell it.
In fact, you should sell your fridge, your drier, washing machine, TV, stove, car and Christmas lights too.
Alternatively, you could "do your homework" and read the book I gave you lately.
Dad: Which book?
Son: THE BITCOIN STANDARD.
#Bitcoin
Son: Dad, dying young is not a retirement plan.
Get some bitcoin.
Dad: Nah.
Son: You can buy a fraction of a bitcoin.
Dad: Son, hell, no!! Uhm, I meant yes.
No, on the retirement thing.
Yes, get some bitcoin.
#Bitcoin
Son: Dad, two years from now you're going to regret that you didn't stack today.
#Bitcoin
Dad: Son, how do you generate these 24 seed words?
Do you pick random words from your head?
Son: Hi Dad,
This doesn't work that way. First, these words are special words, taken from the "BIP39 Word List". Second, picking words from your head is not random and therefore a bad idea.
I don't always generate a new seed, but when I do, I use dices.
Dad: Why dices? How does this even work?
Son: Dice rolls provide entropy. You could also flip a coin as a source for randomness. The process is simple and is available in BlueWallet (advanced mode), SeedSigner and in every Coldcard.
#Bitcoin
Dad: Son, I am reading the "Bitcoin white paper" right now and try getting my head around this:
"The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work."
Son: Hi Dad,
A "hash" is like a "digital fingerprint" of any collection of data. Each new fingerprint builds on a previous one and adds a chain link segment.
Dad: Bitcoin seems to be a very sophisticated system.
Son: Dad, that's just the tip of the iceberg.
#Bitcoin
Son: Dad, we just got the new car. :-)
Dad: Son, I am glad for you and I wish you many safe trips with it. However, you should have some spare diesel, blankets, food and water in that car. Always.
Son: Yeah, always have backups and a plan B.
#Bitcoin
Son: Dad, sell those dollars.
Dad: Son, and what should I buy with it?
Son: Buy bitcoin
Dad: Buy bitcoin, bye Dollar.
#Bitcoin
Son: Dad, did you know that from 2100 to 2140, only two bitcoin will be mined! Think about it!!
40 years = two coins!
Dad: Son, these coins will be exorbitantly expensive.
Son: Exorbitantly expensive, yes, but measured against what?! Real Estate? Gold? Dollars?
#Bitcoin
Dad: Son, buying things one cannot afford is the height of unreasonableness.
Son: Yes, Dad.
Fiat did this.
#Bitcoin
Dad: Son, I had to ask my bank to approve a payment.
This was incredibly annoying, and I wasn't even conscious of it before. Bitcoin frees people.
Son: Hi Dad,
Fuck banks... I know this oppressive feeling well.
It's not only payment freedom — there are no borders, no bank holidays, no bureaucracy and no bull shit in Bitcoin.
Bitcoin allows you to be in control of your own money.
Dad: If everyone knew that, everyone would already be using Bitcoin.
#Bitcoin
Son: Dad, did you know there are 241 valid seed phrases that contain only the same BIP39 word?
Dad: Son, it must have taken hours to test them all.
Son: LOL, no Dad, I used a little Python script for that.
Interestingly, the longer the seed (12, 15, 18 vs. 24 words), the fewer valid combinations there are. Of course, these seeds are for fun and testing ONLY!
Dad: Interesting! 24x bacon is my personal favorite. :-)
Son: Damn, I was just going to use that seed. ;-)
#Bitcoin
Dad: Son, why not load the seed words into another wallet and spend all the Bitcoins twice?
Son: Hi Dad,
That's not how it works.
Bitcoins cannot be double spent.
Bill Gates once said: “Bitcoin is a technological tour de force.”
Think about it... Bitcoins are purely digital and at the same time something that cannot be copied.
Dad: That is indeed very impressive, son.
#Bitcoin
Son: Dad, I should have paid more attention to Bitcoin in the beginning and I should have bought more.
Dad: Son, don't blame your past.
Be grateful for what it taught you.
I could say the same...
Now I am just glad I changed my mind on Bitcoin and saved my savings.
#Bitcoin
Dad: Son, what is Bitcoin's main use case?
Son: Hi Dad,
Use Bitcoin to run a global system of value and settlement.
This is no different than what gold was for 2,000 years and/or what the US dollar has been for the last 70 years or so.
Dad: So, is it both, the "value" and the "settlement"?
Son: Yes, both. And much more ...
#Bitcoin
Son: Dad, if Bitcoin fails, I'm fucked.
We are fucked.
Dad: Son, all of us, I guess.
#Bitcoin
Dad: Son, what do you recommend to your friends?
Son: Hi Dad,
"Pay attention to Bitcoin and educate yourself." or "Invest in yourself, invest in Bitcoin."
Dad: Son, why exactly this recommendation?
Son: Because Bitcoin is the hardest money, the greatest monetary and technological revolution since the Internet itself. It's not a fad.
Dad: I also believe that Bitcoin will not go away.
Son: Bitcoin is here to stay — that's for sure – and it will transform money, the Internet and so much of the world around us. It's just starting...
#Bitcoin
Dad: Son, how can I improvement my online security level?
Son: Hi Dad,
Use a password manager. This is the biggest single security improvement a person can make.
I never click on hyperlinks in emails. Copy-verify-paste them.
I use KeePass to store my usernames, passwords, and links to the login pages for each service.
Dad: Where can I get this "password safe" app?
Son: There you go, 
Son: Hi Dad,
If you want to know the truth:
- Don't ask a banker about Bitcoin.
- Don't ask a taxi driver about Uber.
- Don't ask a hotel owner about Airbnb.
Dad: Son, you're right, I'll keep that in mind. ;)
#Bitcoin
Son: Hi Dad,
Just a note regarding Bitcoin transaction fees.
Do not overpay them...
By reducing the fee you pay, you almost always reduce the fees other users have to pay.
Dad: Son, makes sense, if one is not in a hurry.
Son: Everybody wins, except the miners.
#Bitcoin