Dad: Son, imagine being hahahahahahahahaahahahahahahahahahahahahahahahahahahaahaha hahahahahahahahahahahahahahahahahaahaha haaaahahahahahahahahahahahahahahaha haha. Son: Dad? Dad: Hahahahahahahahahahahahahahahahahaahaha Hahahahahahahahahahahahahahahahahaahaha Son: Dad?! Dad: Imagine being invested in treasury bonds! Son: Hahahahahahaha.... I'm laughing my head off. #Bitcoin

Dad: Son, what is the biggest risk in Bitcoin? Son: Hi Dad, The biggest risk is having no bitcoin at all. #Bitcoin

Dad: Son, do you have a list of decentralized altcoins to invest in? Son: Hi Dad, Sure, these are the top 3 decentralized shitcoins: 1. _______________________________ 2. _______________________________ 3. _______________________________ Dad: Son, okay, I got it... No altcoins. Bitcoin has become so expensive. Son: Dad, get some sats instead. #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

Son: Dad, to secure your bitcoin, self custody is crucial and delaying it can be more costly than taking action now. Dad: Son, well, I know self custody is important, but I just don't have the time to figure it out right now. Son: Dad, delaying it can be more costly than taking action now. Just do it. I can help you out. #Bitcoin

Dad: Son, when will you stop buying Bitcoin? .. at 75K, 100K, 250K, ..? Son: Hi Dad, I'll be buying into bitcoin at 75K, 100K, 250K, 500K and onwards until any or all of the following occur: a) Hyperbitcoinization b) I run out of cash Dad: Son, let us see what happens first. Son: You will see, there is no alternative to bitcoin. #Bitcoin

Dad: Son, I do not know what is going on with people these days........ Son: Dad, what's going on?! Dad: "trust the science" is the most anti science statement ever made. Questioning science is how we did science! Son: Gotcha. However, the following "trust related" Bitcoin mantras work perfectly for me. "In numbers we trust." "In math we trust." "Don't trust, verify." #Bitcoin

Dad: Son, where do you store your Bitcoin? Son: Hi Dad, I store my bitcoin on the blockchain. Everyone running a node takes care of it. I use my hardware wallet to control it. If I want to move it, I broadcast a signed transaction, pay the fee, and a miner packs it into a block for redistribution. Then, either I as the remaining owner or the new owner, can control the newly created bitcoin output onward. Dad: If they don't lose their keys. #Bitcoin

Dad: Son, what is the difference between altcoins and Bitcoin? Son: Hi Dad, Bitcoin would be here without shitcoins. in contrast, shitcoins wouldn't be here without Bitcoin. Dad: And further, maybe more technical or long-term? Son: Bitcoin is relevant, the rest isn't. Dad: Son, so you do not see any investment opportunities in altcoins? Son: No, not at all. Dad, don't waste your money and time on irrelevant thing. There is just Bitcoin. #Bitcoin

Dad: Son, what are "HD Bitcoin Wallets"? Son: Dad, by definition, wallets are private key and public key management systems. In the beginning, every key pair used had to be backed up individually. That's why many have reused addresses, which is bad for privacy, as you know. BIP-32 made Bitcoin better and introduced "HD wallets", which stands for "Hierarchical Deterministic", and not for "High Definition". With this BIP, it's possible to generate multiple addresses (public/private key pairs) derived from a single source of random data (=entropy). Dad: Why was this introduced in the first place? Son: It makes backing up the random bits of data much easier and safer, especially if combined with BIP-39, which introduced the mnemonic seed words, which is just entropy in a human-readable form. #Bitcoin

Son: Dad, lots of people contribute to make Bitcoin a success. Dad: Son, I am doing my part. Son: This is out of question. #Bitcoin

Son: Dad, did you back up your 24 words in steel? Dad: Son, no, not yet. Son: Without your 24 recovery words, there is no way to access your funds. I can't stress this enough. Get a "Cryptosteel Capsule". These solid metal devices are cheap, easy to use and super reliable. Dad, are you using a passphrase? Dad: Yes, you suggested using one. Son: Yeah, that's great. However, you have to secure the passphrase as well. In that case, get a "Capsule Duo", one for the recovery seed words and one for the passphrase. #Bitcoin

Dad: Son, why taproot? Son: Hi Dad, Taproot hides non-default multisignature script paths in the collaborative case, it improves Bitcoin Lightning Network privacy and block space efficiency, makes Bitcoin fungible. Dad: Oh, and what do a taproot addresses look like? Son: bc1p... #Bitcoin

Dad: Son, a man who does not take care of his family cannot be rich. Take care of your family. Son: Hi Dad, I truly agree. Generational wealth is my final goal. Dad: Good, but do not ruin your health along the way. #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

Dad: Son, too bad I am late for Bitcoin. Son: Hi Dad, You're not late. Whenever you find yourself thinking you're late to a new technological trend, remember that Walt Disney thought he was late to animation in 1923. #Bitcoin

Dad: Son, what is a Bitcoin node? Son: Hi Dad, Bitcoin nodes act like counterfeit detection machines, verifying transactions and ensuring their legitimacy. If a transaction is fraudulent, the nodes reject it, helping prevent fraud and keeping the network secure. Dad: Do I need to run my own? Son: If you could, you should. If you don't run your own, you're simply using someone else's node. #Bitcoin

Son: Dad, one day, my kids will say: "I'm old enough to remember when you could buy bitcoin with fiat currency." Dad: Son, should it not read "I'm old enough to remember when you could stack sats with fiat currency."? Son: Yeah. Anyway. I'm still surprised by that. #Bitcoin

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

Son: Dad, two things: 1. Nobody has enough bitcoin. 2. Nobody understands Bitcoin completely. Dad: True things. #Bitcoin