Dad: Son, Bitcoin is the most undervalued asset in 2024.

Son: Hi Dad,

Always will be

#Bitcoin

Son: Dad, volatility is _______________.

Dad: Son, that must be "nerve-wracking".

Volatility is nerve-wracking.

Son: For me, volatility is "the price for being early".

#Bitcoin

Dad: Son, how are you investing in Bitcoin?

Son: Hi Dad,

There are many ways to invest in Bitcoin.

One of them is to save in bitcoin.

#Bitcoin

Dad: Son, what is the best application for lightning?

Son: Hi Dad,

Bitcoin payments and killing shitcoins.

#Bitcoin

Dad: Son, when am I going to understand Bitcoin fully?

Son: Hi Dad,

No one fully understands Bitcoin, not even Satoshi.

#Bitcoin

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

Dad: Son, what does "Few." mean?

Son: Hi Dad,

Few?

Dad: Yes, few.

Son: Few understand this.

#Bitcoin

Son: Dad, Bitcoin fixes this!

Dad: Son, what? Bitcoin fixes what?

Son: Everything. Fix the Money, fix the World!

#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, I just bought a bitcoin.

Son: Ahh..

the beginning of a deep friendship!

#Bitcoin

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

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

Dad: Son, if you are feeling down, text mum.

Son: Dad, yes, I would – and buy some bitcoin.

#Bitcoin

Dad: Son, Bitcoin is like water.

Son: Hi Dad,

Yes, but also...

Bitcoin is like a sponge that soaks up value over time, only to release it when needed.

Dad: Okay, let's agree on "Bitcoin is."

#Bitcoin

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

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, 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, what is the difference between altcoins and Bitcoin?

Son: Hi Dad,

Bitcoin would be here without shitcoins. in contrast, shitcoins wouldn't be here without Bitcoin.

Dad: And further, maybe more technical or long-term?

Son: Bitcoin is relevant, the rest isn't.

Dad: Son, so you do not see any investment opportunities in altcoins?

Son: No, not at all. Dad, don't waste your money and time on irrelevant thing. There is just Bitcoin.

#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, a man who does not take care of his family cannot be rich.

Take care of your family.

Son: Hi Dad,

I truly agree.

Generational wealth is my final goal.

Dad: Good, but do not ruin your health along the way.

#Bitcoin