Son: Dad, to secure your bitcoin, self custody is crucial and delaying it can be more costly than taking action now.

Dad: Son, well, I know self custody is important, but I just don't have the time to figure it out right now.

Son: Dad, delaying it can be more costly than taking action now. Just do it.

I can help you out.

#Bitcoin

Son: Dad,

Bitcoin is 100% voluntary.

Dad: Son, I am uncertain if those who desperately need Bitcoin feel the same way.

Son: Even then, Bitcoin is 100% voluntary.

#Bitcoin

Son: Dad, dying young is not a retirement plan.

Get some bitcoin.

Dad: Nah.

Son: You can buy a fraction of a bitcoin.

Dad: Son, hell, no!! Uhm, I meant yes.

No, on the retirement thing.

Yes, get some bitcoin.

#Bitcoin

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, what is a passphrase?

Son: Hi Dad,

The BIP39 standard supports an optional 25th word, a so-called passphrase. The passphrase encrypts the seed and creates a new wallet.

Dad: Son, do I have limitations? Size, or something?

Son: On the Coldcard hardware wallet for example, passphrases are limited to 100 characters in length. The on-screen interface supports ASCII characters only.

Dad: Okay, that is a powerful feature!

Son: So little effort and so much more security.

#Bitcoin

Dad: Son, what is the biggest risk in Bitcoin?

Son: Hi Dad,

The biggest risk is having no bitcoin at all.

#Bitcoin

Dad: Son, if you are feeling down, call mom.

#Bitcoin

Son: Dad, Become your own bank and stop worrying about banks going bankrupt.

Dad: Son, mother and I now have a fraction of our reserve in bitcoin.

Son: Great.

Every fraction of a bitcoin you own is a safer and more secure store of value compared to the fractional reserve scam used by traditional banks.

#Bitcoin

Son: Hi Dad

Dad: Son, how are you today?

Son: Excellent, Dad. I finally came to my senses.

Today I sold all my bitcoin at a loss and bought superior Ethereum and Solana instead.

Dad, that must have been the deal of a lifetime.

Dad: I almost fell for it, son! LOL!

However, you overdid it with Solana. LOL!

Son: LOL! Happy April Fools' Day, Dad.

#Bitcoin

Son: Dad, did you know there are 241 valid seed phrases that contain only the same BIP39 word?

Dad: Son, it must have taken hours to test them all.

Son: LOL, no Dad, I used a little Python script for that.

Interestingly, the longer the seed (12, 15, 18 vs. 24 words), the fewer valid combinations there are. Of course, these seeds are for fun and testing ONLY!

Dad: Interesting! 24x bacon is my personal favorite. :-)

Son: Damn, I was just going to use that seed. ;-)

#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

Son: Dad, retirement is the worst thing you can do for your health.

Dad: Son, this also applies to wealth.

#Bitcoin

Dad: Son, what is Bitcoin's main use case?

Son: Hi Dad,

Use Bitcoin to run a global system of value and settlement.

This is no different than what gold was for 2,000 years and/or what the US dollar has been for the last 70 years or so.

Dad: So, is it both, the "value" and the "settlement"?

Son: Yes, both. And much more ...

#Bitcoin

Son: Hi Dad,

Just a note regarding Bitcoin transaction fees.

Do not overpay them...

By reducing the fee you pay, you almost always reduce the fees other users have to pay.

Dad: Son, makes sense, if one is not in a hurry.

Son: Everybody wins, except the miners.

#Bitcoin

Dad: Son, what about the latest Bitcoin change requests?

Son: Hi Dad,

Bitcoin is like a tree, and your wealth is like its shadow; when the tree is gone, the shadow disappears.

We should really take care of Bitcoin and avoid risks at all cost.

Dad: Send more sunshine!

#Bitcoin

Son: Dad, there's no friend as loyal as a bitcoin.

Dad: Son, "as a book".

Ernest Hemingway said, "There is no friend as loyal as a book."

#Bitcoin

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

Son: Hi Dad,

Few?

Dad: Yes, few.

Son: Few understand this.

#Bitcoin

Dad: Son, today I learned two things:

1. The "Federal Reserve" is not federal, and

2. The "Federal Reserve" has no reserves.

Son: Hi Dad,

Mind-blowing, isn't it?

Fascinating that they still buy it.

Dad: The dollar? They?

Son: Yes, it is fascinating that so many people still buy and hold dollars.In contrast to the dollar, Bitcoin is a full reserve banking system, which is not federal either.This is good for Bitcoin.So, you better buy and hold some BTC instead of USD.

#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