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

Dad: Son, I want one of those 21M Bitcoin so bad!!! Son: Hi Dad, I can understand this desire! One thing you should know: There will never be 21M BTC. Dad: Why not 21M Bitcoin? Was I lied to? Son: No, no one was lied to. Here is why: The block 501726 was generated without reward (-12.5 BTC), and block 526591 with half a reward (-6.25 BTC) Also, the 50 BTC in the Genesis Block can't be spent, even if Satoshi comes back. On top of that, ~4 million BTC have been lost. Well, those coins existed, but were lost. Maybe one or the other Satoshi will find its way back into circulation. However, keep stacking sats. #Bitcoin

Son: Dad, the coins nobody knows you have are worth more. Privacy first. Dad: This message self-destructs in 5, ... #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 is "Hyperbitcoinization"? Son: Hi Dad, "Hyperbitcoinization is a voluntary transition from an inferior currency to a superior one, and its adoption is a series of individual acts of entrepreneurship rather than a single monopolist that games the system." It's from the "Hyperbitcoinization" article written by Daniel Krawisz back in 2014. You can read it in full length and for free on the "Satoshi Nakamoto Institute" website. Dad: Thank you, will add it to my reading list. Son: The "Satoshi Nakamoto Institute" has published numerous other articles. Here is the link, https://nakamotoinstitute.org. #Bitcoin

Son: Dad, bitcoin is accepted all around the world. Dad: Son, I assume that even Flat-Earthers will accept bitcoin one day. #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, I just bought bitcoin. AMA. #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

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, criminals use Bitcoin for various purposes like laundering dirty money, scamming victims, monetizing ransomware, or buying illicit goods. Son: Hi Dad, Yes, of course they do. Bitcoin is the best and hardest money ever. However, the percentage of bitcoins used for crime is small compared to US dollars. Dad: Hmm... Your counterargument makes these "facts" seem like an attack on Bitcoin. Son: Bitcoin is black market money. Few. #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, 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, why do your siblings still have no Bitcoin position? Son: Hi Dad, Good question.... I talked to them again and again and again about it, last time at the latest all-time high. I will do it again, at the next all-time high, every all-time high until they get some sats. Dad: Let us hope that the next all-time high will not be long in coming. #Bitcoin

Dad: Son, what happens if I lose access to my Bitcoin? Can anybody help me to recover the coins? Son: Hi Dad, No one can help. If you lose your 12/24 recovery seed words and/or your passphrase, your funds are inaccessible and considered lost forever. That would be bad for you and for your bitcoin, but would make everybody else's a bit more valuable. Dad: Why does it make other coins more valuable? Son: Bitcoin is already super scarce and would become even more scarce. 4M coins are already lost forever. Satoshi once said: "Think of it as a donation to everyone." #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, Mum and I are wondering how the kids are doing. The time goes by so fast ;-) Son: Hi Dad, The boys are stronger than yesterday. They know more than yesterday. They hold more sats than yesterday. Dad: Like father, like son. #Bitcoin

Dad: Son, history teaches us that we do not learn from history. Son: Hi Dad, I understand the frustration with humanity repeating its mistakes, but I think history isn't just a mirror of our failures; it's a reflection of our potential. It shows that while we often stumble, we also have the capacity to grow, adapt, and improve. It's up to us to choose whether to repeat history or learn from it to create a better future. And now, we have Bitcoin, a new chapter in the history that challenges the way we think about value, values and time. #Bitcoin