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TEACH ME BITCOIN, SON.
Member since: 2022-12-31
TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 1h

Son: Dad, did you get your coins off exchange? Dad?! This is a friendly reminder to get your coins off exchange. It shouldn't be ignored! Dad: Son, thank you for your message. I am thinking of taking my bitcoin off the exchanges when the stack will start to look big enough. Son: Download a phone wallet like Muun or BlueWallet. Learn to back it up and learn how to restore it using your recovery seed words. Start learning self-custody with small amounts today. It's a process, and you need to practice it. Dad: All right, I will take a look at it. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 23h

Dad: Son, I feel embarrassed asking this question, but what is the difference between a full node and a miner? How do I get my full node to mine? Son: Hi Dad, A full node verifies blocks. A miner creates blocks. A full node on a Raspberry Pi is not made for mining. You need specialized equipment to mine. Dad: Son, that is a pity. I was hoping to make some sats. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 23h

Dad: Son, it was not easy, but I did it. :-) Son: I just exchanged a few bills for a paper wallet receipt at the local Bitcoin ATM. It has a private, a public key and two QR codes on it. Dad: My funds will be fine if I keep the paper wallet in a safe place, right? Son: Hi Dad, These thermal paper wallets are intended for temporary handling and transfer only. Dad: Should I make a photocopy? Son: Nah. Sweep the sats into your BlueWallet all at once. For long-term storage, better use a signing device like the "Coldcard". Happy Stacking, Dad. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 1d

Son: Dad, Bitcoin is hope. Dad: Seems so, son. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 1d

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

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 3d

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

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 3d

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

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 3d

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

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 3d

Dad: Son, inflation is coming. Brace yourself. Son: Hi Dad, Buy bitcoin, or your savings will be gone soon. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 3d

Dad: Son, what keeps two people from generating the same seed words? Son: Nothing, Dad, except gigantic numbers. This number is so large the human mind cannot comprehend its vast space. Think of every atom in the universe, it's almost that big. If nearly everyone on Earth started generating 1 million keys per second for 100 years, the chance to encounter a collision is still pretty much zero. Dad: Can one rest assured that as long as seed words are randomly generated, no two parties should ever generate a colliding key? Son: Yes, Dad. Vires in Numeris. #Bitcoin

Welcome to TEACH ME BITCOIN, SON. spacestr profile!

About Me

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.

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