Son: Hi Dad,
"Not stacked sats are not realized wishes."
People don't quite understand how immoral that is if they already heard of Bitcoin.
Dad: Son, something like the lack of self-care?
Son: Yes, you can look at it that way too.
Or in other words: If you don't stack these Satoshis, you're stealing from your future.
#Bitcoin
TEACH ME BITCOIN, SON.
teachin_bitcoin@www.teach-me-bitcoin-son.com
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We share daily father-son dialogues explaining Bitcoin on Twitter and here on nostr. On Mondays, we send out a recap newsletter with the coolest things Dad has learned during the past week. If you are new to Bitcoin, this will help you get started. If you are already on your journey, this will help you stay up to date, keep away from scams, and avoid the common pitfalls. Our DM is open for your Bitcoin related questions.
Son: Hi Dad,
"Not stacked sats are not realized wishes."
People don't quite understand how immoral that is if they already heard of Bitcoin.
Dad: Son, something like the lack of self-care?
Son: Yes, you can look at it that way too.
Or in other words: If you don't stack these Satoshis, you're stealing from your future.
#Bitcoin
Dad: Son, I am looking for a Bitcoin documentary. Do you have any recommendations?
Son: Hi Dad,
Sure. I would watch these in the given order:
1. Banking On Bitcoin
2. Bitcoin — Shape The Future
3. The Rise And Rise Of Bitcoin
4. Bitcoin: The End of Money as We Know It
5. Bitcoin: Beyond the Bubble
Dad: Got my popcorn ready for documentary night! Thanks for your recommendations, son.
#Bitcoin
Son: Dad, bitcoin is black market money.
#Bitcoin
Dad: Son, is the "Bitcoin Halving" necessary?
Son: Hi Dad,
Yeah, the halving is necessary. This is how Bitcoin controls its supply.
Once the block subsidy expires, transaction fees will pay miners for securing the network.
#Bitcoin
#Bitcoin
Son: Dad, these are the top 5 things I learned about money while in school.
1. _________________________________
2. _________________________________
3. _________________________________
4. _________________________________
5. _________________________________
Dad: Son, it is a shame...
I am certain that the "health" list will not look any better.
#Bitcoin
Dad: Son, what do you actually do all day besides your family, your work and Bitcoin?
Son: Hi Dad,
I'm a sats collector, a volunteer UTXO curator and a lifelong learner.
Oh, and did I mention I'm on Twitter a lot? ;)
#Bitcoin
Dad: Son,
Bitcoin is too expensive
Bitcoin is old technology
Bitcoin is too complicated
Bitcoin is risky and speculative
Bitcoin will be replaced by another coin
Son: Hi Dad,
No, no, no, no and no.
It would go beyond the bounds of this message to elaborate on this. Talk to you later...
#Bitcoin
Dad: Son, this Bitcoin thing is overwhelming.
Can you present me a five-point plan of measures? I appreciate your help.
Son: Hi Dad,
Self sovereignty is tricky.
However, It's not black or white – it's a gradient.
Start and try to improve your setup over time.
Test it, find security holes, privacy leaks and fix them. Iterate over and over again.
#Bitcoin
Dad: Son, what if the Opendime is lost?
Does the Opendime also have recovery words?
Son: Hi Dad,
An Opendime is made to change hands, like cash.
The private key is generated on the device, and without breaking the seal by pushing a pin through the hole marked on the back of the Opendime, there is no way to back it up.
Dad: And if I break the seal?
Son: Then the private key will be revealed in the private-key.txt file and QR code image. There is no way back, and once unsealed, you should move the funds into another wallet.
#Bitcoin
Dad: Son, I just got my Coldcard hardware wallet today.
The bag is really special. Pretty sure it has more security feature than a banknote.
Son: Hi Dad,
Not sure about that one. ;-)
But yes, the device seems well protected. However, I recommend you download the latest firmware from Coinkite, check it and install it on your Coldcard manually. And also inspect the device visually, and verify the bag number.
Dad: Son, why all the effort, it is "just a calculator".
Son: Haha. Anyway, I will send you a tutorial later.
#Bitcoin
Dad: Son, what is a hard fork, and why does it happen?
Son: Hi Dad,
When Bitcoin splits into two chains, we're talking about a fork. This happens based on protocol changes due to different views.
A new version of Bitcoin is created, and you have coins on both chains if you hold your own private keys.
Dad: With time, one will learn what truly matters.
Son: Yes, Bitcoin, the longest chain with the most blocks and computational power behind it.
#Bitcoin
Dad: Son, why is Bitcoin so hard to understand at first?
Son: Hi Dad,
Lina Seiche once said on a podcast: "The hardest part when learning about Bitcoin is to first unlearn the fiat economics you’ve been taught to believe in. Once you do, Bitcoin becomes the obvious choice."
Dad: Son, it doesn't make it any easier that you are then one of the few.
Son: Yeah, Dad, that's true. Oh, almost forgot, there is a quote from Satoshi Nakamoto himself on this.
"Sorry to be a wet blanket. Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to."
#Bitcoin
Dad: Son, can you please help me with this new social media thing?
Son: Hi Dad,
Sure, but first, let me teach you how to take a selfie without cutting off your head.
Imagine if Bitcoin was this difficult ;)
#Bitcoin
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