TEACH ME BITCOIN, SON.'s avatar
TEACH ME BITCOIN, SON.
teachin_bitcoin@www.teach-me-bitcoin-son.com
npub1uzyn...y7g3
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.
image Dad: Son, impressive how to pay with the lightning network in the blink of an eye. Son: Hi Dad, Spend your sats responsibly. #Bitcoin
image 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
image 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
image Dad: Son, is it possible to send funds from a Bitcoin address to itself, I mean to the same address? Son: Hi Dad, Yes, "address reuse" is possible, but should be avoided as it unnecessarily reveals common authorship of transactions. Repeat after me: "Address reuse is privacy abuse." #Bitcoin
image Dad: Son, governments are now developing alternatives to Bitcoin to regain control of their currencies. China: E-Yuan Europe: Virtual Euro America: E-Dollar Switzerland: E-franc Son: Hi Dad, I never opt for those, and I won't use those, I suppose. Bitcoin is the money I chose. #Bitcoin
image Son: Dad, your Bitcoin mnemonic seed is as unique as you are. Dad: Son, while there is a vast amount of genetic diversity, humans share a common genetic framework. The total number of unique genetic codes is astronomical due to the complex combinations possible with the four DNA bases. Also, genetic information is inherited and passed down through generations – as you know ;) Son: A Bitcoin mnemonic seed is a unique word sequence generated from random numbers, mapped to a predefined set of words. BIP-85 allows you to derive a child seed from a parent seed. Dad: Never thought about it that way! #Bitcoin
image Son: Dad, Bitcoin is Bitcoin because of bitcoin (BTC). Dad: Son, once you understand that concept, you understand many Bitcoin concepts much better. Son: Yeah, everything makes much more sense. Dad: Sadly, it takes a huge effort to get there. Son: Sadly? As if it was part of the plan. ;) #Bitcoin
image 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
image Son: Dad, today our youngest told me that he is considering a career in organized crime. Dad: Son, what did you say? Son: "Government or private sector?" #Bitcoin
image Dad: Son, what is a "Bitcoin block" exactly? Son: Hi Dad, Think of it as a record of ownership at a certain point in time. The "point in time" is measured as "block height", which is the number of blocks in the chain between a given block and the very first block in the blockchain. Dad: So the blockchain can also be used to measure time? Son: Yes, exactly, that's why Satoshi also called the blockchain a "timechain". #Bitcoin
image 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
image 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
image 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
image 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
image Son: Dad, I'm grateful that you taught me this: "Good habits and simple rules, if applied, can positively change your whole life." Dad: Son, how did you put that to use? Son: Numerous ways, but one of them is stacking sats, no matter what happens. Dad: Son, that seems to have paid off. #Bitcoin
image Son: Dad, is your stack bigger today than last week? Dad: Yes, son. Son: Did you get your coins off exchange? #Bitcoin
image 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
image 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
image Dad: Son, on a scale from 1 to 100,000,000 how satisfied is a bitcoin? Son: Hilarious, Dad. #Bitcoin