Dad: Son, what is the best application for lightning?
Son: Hi Dad,
Bitcoin payments and killing shitcoins.
#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, don't we need central bank digital money?
Son: Hi Dad,
Nah.
Bitcoin makes sound money accessible to everyone. Also, CBDCs are a currency, not money.
Bitcoin provides access to a simple, cost-effective, risk-free and trusted digital means of payment that is accepted all over the world.
We don't need central bank digital currencies.
#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 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
Dad: Son, when am I going to understand Bitcoin fully?
Son: Hi Dad,
No one fully understands Bitcoin, not even Satoshi.
#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
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
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,
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, 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 fixes this!
Dad: Son, what? Bitcoin fixes what?
Son: Everything. Fix the Money, fix the World!
#Bitcoin
Dad: Son, why Bitcoin?
Son: Hi Dad,
Fiat is broken and they can’t fix it.
Bitcoin works, and they can’t break it.
Dad: Okay, agreed, but what about gold?
Son: The century between the gold standard and the Bitcoin standard – the fiat money interregnum – is the real anomaly of history.
Dad: And what about "the next Bitcoin"?
Son: The "next Bitcoin" does not and will never exist.
#Bitcoin
Son: Dad, is your stack bigger today than last week?
Dad: Yes, son.
Son: Did you get your coins off exchange?
#Bitcoin
Dad: Son, how do you use your Coldcard?
Connected via USB or air gapped?
Son: Hi Dad,
I'm running my Coldcard wallet air gapped only.
Dad: Son, are you connecting anything Bitcoin related to your computer?
Son: Yes,
the Bitcoin network, using port 8333.
#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, what is smart money buying right now?
Son: Hi Dad,
Smart money is buying hard money.
#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, few people know that our local government's currency is not backed by gold.
Dad: Many do not even want to know.
#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