Son: Dad,

Bitcoin is an excellent teacher.

Dad: Very few students.

#Bitcoin

Son: Bitcoin is good for you.

#Bitcoin

Dad: Son, are there any fees for using Bitcoin?

Son: Hi Dad,

The "fee" depends on the use case.

For example, there are trading fees when converting between bitcoin and fiat, transaction fees when sending funds or mixing fees when using a coinjoin service.

Dad: Do I have to pay account maintenance fees?

Son: No.

There are no fees for holding bitcoin in your self-custody wallet, but you may have to pay taxes.

#Bitcoin

Dad: Son, are the last 16 digits of π a good passphrase?

Son: Lol, Dad, that's hilarious.

#Bitcoin

Son: Dad, you can spend a fraction of a bitcoin.

Dad: Son, no, thank you. That is out of question.

Son: The question is: What is your unit of account.

#Bitcoin

Dad: Son, dollar gains from stocks, bonds and ETFs have distracted me from how powerful Bitcoin is.

Then I was distracted about the increasing dollar value of my sats.

It took me a while...

Son: Hi Dad,

This happens to most people.

As long as you don't fall into the shitcoin trap, you're already one step ahead of many.

#Bitcoin

Son: Dad, if you're like me, more sats are better.

Dad: The same goes for ammunition, son.

#Bitcoin

Son: Dad, if Bitcoin fails, I'm fucked.

We are fucked.

Dad: Son, all of us, I guess.

#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, two bitcoin are better than one.

Son: Hi Dad,

That's true, but one is better than none.

Dad: I am happy to hold an entire one.

#Bitcoin

Dad: Son, how large is the Bitcoin community?

Son: Hi Dad,

There is no single Bitcoin community.

Instead, there are numerous decentralized communities using Bitcoin, contributing to its development, and/or investing in various ways.

#Bitcoin

Dad: Son, who is the best Bitcoin custodian?

Son: Hi Dad,

The most qualified bitcoin custodian is you.

Dad: Son, this is highly debatable.

Son: Think about it.

No one is as incentivized to protect your bitcoin, your privacy and yourself as you are.

#Bitcoin

Son: Hi Dad!

Fun fact: Your bitcoin can't be in two different blocks at once.

Dad: Son, how does it ensure that?

Son: Once a Bitcoin transaction is in a block, it can't be duplicated elsewhere, preventing double-spending. The full previously unspent "coin" moves forward with every transaction.

Dad: I see. So, no room for confusion or fraud?

Son: That's right, Dad!

Bitcoin is designed to be reliable and secure, making transactions trustworthy and final.

#Bitcoin

Dad: Son, is it "cool storage" or "cold storage"?

Son: Hi Dad,

It's "cold storage".

The term does not matter, as long it's "your storage" and "your storage" is offline.

#Bitcoin

Dad: Son, do not respect the people who do not respect time.

Son: Dad, don't respect the people who don't respect bitcoin.

Dad: Time is money, as the saying goes.

#Bitcoin

Dad: Son, what do you want for your birthday?

Son: Dad, I already have everything. :)

Dad: Tell us, what would make you happy?

Son: Bitcoin

Dad: The same thing again and again? Nah. What else?

Son: It's not "the same". Every UTXO is unique, and the transaction will live on the timechain forever.

Dad: Like a diamond. Diamonds are forever...

Son: Bitcoin is actually forever.

#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

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

Son: Dad, do you know that the next halving is estimated at the end of March 2024?

Dad: Son, they are going to cut my portfolio in half?!

Son: First, there is no "they", Dad, and, second "no".

Bitcoin is a protocol, and the protocol does its thing. One of those things is the "halving" that happens every 210,000 blocks.In the 2024 halving, the block reward will drop from 6.25 BTC per block to 3.125 BTC.

Dad: I remember again. With each new block, new coins are put into circulation. This happens every 10 minutes.

Son: Every 10 minutes on average. The halving brings a significant decrease in fresh supply.Think about how precious each and every unit of Bitcoin is.

#Bitcoin

Son: Good morning, Dad.

Bitcoin is in top form today,

as yesterday,

and the day before.

I hope you are as well.

Dad: Son, good morning!

There is nothing to complain about. :-)

#Bitcoin