Dad: Son, when the music stops, better have a seat. Son: Hi Dad, When the music stops, better be sitting on bitcoin. #Bitcoin

Dad: Son, everybody has heard about Bitcoin. Many want it, especially when the price goes up. Few people are actually holding Bitcoin. Why? Son: Hi Dad, The difference between the two is action. First you have to learn, then buy or earn. You have to make an effort. Dad: No pain, no gain. Son: Nah, more like "Work hard, have fun and make a difference." The life is bright in Bitcoinland. :-) #Bitcoin

Dad: Son, what makes Bitcoin so powerful? Son: Anyone, anywhere, can start using bitcoin right now. No permission is required. Let that sink in, Dad. #Bitcoin

Dad: Son, the "Great Wave off Kanagawa" is incredible. Son: Hi Dad, Absolutely! It reminds me of Hyperbitcoinization. Dad: Oh, you mean the wave symbolizes Bitcoin's immense transformative power? Son: Exactly! Just like the wave disrupts the scene, hyperbitcoinization disrupts the world. #Bitcoin

Son: Dad, are you prepared? #Bitcoin

Dad: So, son, bitcoin is the hardest money? Son: Hi Dad, Yeah, for sure. Dad: I rarely hear you talk about remaining risks like broken cryptography by Quantum Computing, Implementation failures and mining centralization. Are they fixable? Son: Probably. Broken crypto is a threat to all online security, and the majority of precious metals are simply traded electronically. I, personally, would not bet on gold. #Bitcoin

Dad: Son, tell me something interesting about "Bitcoin Transactions". Son: Hi Dad, Ok. A "Bitcoin Transactions" can consist of many inputs and many outputs. The inputs are outputs of previous transactions which you want to spend, and each output has values assigned to an address. In general, a transaction is expected to have 2 outputs, the "destination address" and the "change address". Dad: So, the remainder of the funds are moving on chain as well? Son: Yes, you always have to move the whole unspent transaction output, also known as "UTXO" or coin. #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, Bitcoin does not over-promise nor under-deliver. Bitcoin simply does its thing. Everyone knows the rules, and you must follow them if you want to use Bitcoin. Dad: Son, and you can count on these rules! This is a wonderful and powerful thing. Son: Bitcoin is "Rules without Rulers". #Bitcoin

Dad: Son, what is the difference between a Bitcoin address and a Bitcoin public key? Son: Hi Dad, That's a good question! An address represents a hash of a public key of an asymmetric key pair. The owner of the key pair can use the private key to sign transactions or messages. Dad: Why sign a message? Son: For example, to prove ownership of an address. Only by using the correct private key a valid signature may be created, which then anyone can verify as valid by using the associated address which, again, represents the public key. #Bitcoin

Dad: Son, I had a dream last night... A Dream about a big pile of gold. Unfortunately, I could not bring it back to reality. :-))) Son: Hi Peter Schiff, uhm, Dad, Know what? If it were bitcoin, you could have brought it out of dreamland and into reality. #Bitcoin

Dad: Son, what is the best application for lightning? Son: Hi Dad, Bitcoin payments and killing shitcoins. #Bitcoin

Son: Dad, whatever happens in the world. Bitcoin does its thing. Dad: Son, and what should that be? Son: A new block – every 10 minutes on average. #Bitcoin

Dad: Son, Andrew S. Tanenbaum once said: "Never underestimate the bandwidth of a station wagon full of tapes hurtling down the highway." Then this bitcoin stick came to my mind again. I cannot remember the name. Son: Hi Dad, You're talking about the "Opendime", I assume. A cheap, private and fast transaction medium, especially when fees go up. Dad: Yes! Never underestimate an Opendime. #Bitcoin

Dad: Son, what does "GMI" mean? Son: Hi Dad, GMI: Gonna make it. NGMI: not gonna make it. WAGMI: we all GMI. Dad: WAGMI Son: Yes, Dad. #Bitcoin

Son: Thanks __________________ for Bitcoin. Dad: Son, who is going to fill the blanks? #Bitcoin

Dad: Son, how much have you lost trying to trade? Be honest. Son: Hi Dad, I leverage traded once, and again. I got liquidated and many sats changed hands. For me, trading is gambling. Never again. After many blocks, I still can feel the pain. Dad: Everybody wants more sats, as it seems. Son: That's true, Dad. Lessons learned. #Bitcoin

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