Son: Dad, here's the four-point plan to not screw up with your bitcoin. 1. Never store a 12/24 recovery seed words online, not even encrypted 2. Never type a 12/24 recovery seed words onto any online device 3. Only enter the 12/24 recovery seed words directly onto a hardware wallet 4. Only record the 12/24 recovery seed words onto durable physical medium such as a Cryptosteel Capsule or a Cryptosteel Cassette. Dad: Son, sounds like a plan. #Bitcoin

Son: Dad, in the future, you will have to get on a waiting list to buy a fraction of a bitcoin. Dad: Son, I am not made for waiting lists. I prefer to get my fraction right now. #Bitcoin

Dad: Son, it's too early for mainstream adoption. There are otherwise intelligent people who still think Bitcoin is going to zero. Son: Hi Dad, Yes, we are so early. In the year 2050 “Bitcoin is crashing from $20 million per coin to $19 million per coin! It’s going to zero! I has no intrinsic value!” Dad: Son, not sure that I will live to see it. I would be over 100 years old. #Bitcoin

Son: Dad, did you know that there are 1,461,501,637,330,902,918,203,684,832,716,283,019,655,932,542,976 Bitcoin private keys? Dad: Son, guess which ones are mine. ;-) Jokes aside. How likely is it that someone could guess one? Son: In short, extremely unlikely. Dad: Extremely unlikely? So, it is possible?! Son: Extremely unlikely because there are more Bitcoin private keys than atoms in the universe. Dad: Okay, somehow reassuring. #Bitcoin

Dad: Son, managing a stock portfolio is a complex and time-consuming business. I do not like it. Son: Hi Dad, Buy bitcoin, and you will have a simpler life. Dad: What percentage would you invest? Son: Doesn't matter. 100% of your wealth will be in bitcoin anyway – no matter how much you have. Dad: I do not understand...... Son: Soon you will, Dad. #Bitcoin

Dad: Son, why does it take so long to have my new Umbrel ready to use? It is syncing since hours now. Son: Dad, again, it's a question of time preference. A full node, what your Umbrel is, is a program that fully validates transactions and blocks. Everything from the Genesis block to today's latest block must be downloaded and validated first. This is the only way to be sure that you have a valid copy of the blockchain running. Dad: Ok, I see. How can this be accelerated? Son: A fast internet connection and a fast SSD disk helps to speed up the initial sync, however ... You'll have to be patient, Dad. ;-) #Bitcoin

Dad: Son, did you know Bitcoin is connected to the butterfly effect? Son: Hi Dad, What's that? Dad: Small events can have big consequences. Like a tweet or an article can change its price. Are you still buying Bitcoin? Son: Stacking slowly. I don't want to cause a hurricane in Texas, Dad! #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, 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

Son: Dad, do you know how to get the most value out of a gold coin? Dad: Son, I have no idea.... Son: Flip it 256 times to generate 256 bits of entropy and convert that entropy into a BIP-39 seed. #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

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, there is no such thing as over-production in Bitcoin. Dad: Son, what about under-consumption? Son: In a free market, everything is in perfect balance. #Bitcoin

Dad: Son, two bitcoin are better than one. Son: Hi Dad, That's true, but some is better than none. #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

Dad: Son, you often mention the term "BIP". What is a "BIP" and what is it good for? Son: Hi Dad, "BIP" stands for "Bitcoin Improvement Proposal". It's a design document to introduce new features or information to Bitcoin. Dad: Can everyone participate and submit a BIP? Son: Basically, yes. See BIP-2 for the full process. Dad: Son, next time I have an idea, I will write a BIP. ;-) Son: Everyone is invited to contribute to make Bitcoin better. It's a voluntary system, and we are all Satoshi (except for Craig Wright), so, why not?? #Bitcoin

Dad: Son, why do you believe some individuals are reluctant to delve into the realm of Bitcoin? Son: Hi Dad, Common obstacles to Bitcoin include a general apprehension towards new technology, experiences of being deceived by unreliable shitcoins and their promoters. Another major concern is the question, "If it's so beneficial, why isn't everyone already using it?" Dad: I see... Son: Breaking down these barriers often hinges on establishing personal trust. Dad, consider delving into more Bitcoin discussions with your boomer friends! ;) #Bitcoin

Son: 22265090479312778178772228083027296664144 Dad: Son, what is this? Son: Hi Dad, This is a secret key. It's a pretty unassuming integer, but anyone who knows it can control all the bitcoin associated with it. Dad: Son, this is impressive, interesting and scary at the same time!! #Bitcoin

Dad: Son, why do you not use numbers based the word’s indexed number in the BIP39 list instead of the first 4 letters of the recovery word? Son: Hi Dad, That's a good question. Let's quote the BIP39 creators to answer it. "A mnemonic code or sentence is superior for human interaction compared to the handling of raw binary or hexadecimal representations of a wallet seed. The sentence could be written on paper or spoken over the telephone" I think it is wrong to use numbers when the creators intentionally designed the standard so that we use words. Dad: Ok, makes sense. Thanks. #Bitcoin

Dad: Son, who works actually on Bitcoin to make it better and would "doing nothing" make it worse? Son: Hi Dad, Everybody can help to make Bitcoin better. Nobody can make Bitcoin worse. #Bitcoin