Dad: Son, owning a fraction of a Bitcoin is life-changing. Son: Hi Dad, I am not sure if your 200 bucks worth of bitcoin will be life-changing one day. ;-) But yes. Dad: It is life-changing. I am reading more today and question the mainstream media more than ever. Son: I truly agree, Dad. Many more things will change when you fall deeper down the rabbit hole. Dad: Son, what changed for you? Son: Everything – from steak to stacking SATs. #Bitcoin

Dad: Son, how can I convert a 24 word seed into a 12 word seed (BIP39)? 12 words can be better memorized. Son: Hi Dad, Converting a 24 into a 12 word seed is impossible. According to BIP 39, a mnemonic seed is converted into a binary seed using PBKDF2-SHA-512. To turn a 24 word seed into a 12 word seed, you'd need to find a 12 word seed that produced the same binary seed, which is believed to be impossible. Dad: Oh, I see. It will take me a while to learn all 24 words. #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

Dad: Son, it's too early for mainstream adoption. There are otherwise intelligent people who still think Bitcoin is going to zero. Son: Hi Dad, Yes, we are so early. In the year 2050 “Bitcoin is crashing from $20 million per coin to $19 million per coin! It’s going to zero! I has no intrinsic value!” Dad: Son, not sure that I will live to see it. I would be over 100 years old. #Bitcoin

Dad: Son, so, Bitcoin is open-source? What does this mean exactly? Son: Hi Dad, The term open source refers to something anyone can independently review, modify and share because its design is publicly accessible. Dad: So, everything is public and there are no secrets, except your own? Son: Your private keys are private, of course. Everything else is public and auditable. In this beautiful asymmetry lies the true power of Bitcoin. #Bitcoin

Dad: Son, who else can see my balances on the Bitcoin blockchain? Son: Hi Dad, Everybody can see yours and all other unspent transaction outputs (=UTXO) on the chain. The blockchain is a public ledger, and that's the point. The question is, which coins are yours? ;-) Dad: Is this not a huge privacy issue? Son: You will be fine if you use Bitcoin correctly. Dad: Son, please define "used correctly". Son: Use a new Bitcoin address each time you receive a new payment and consolidate your coins wisely. #Bitcoin

Dad: Son, what stops a wallet from stealing bitcoin? Son: Hi Dad, What stops malware from being malicious? Nothing. Get a signing device and split wallet functionality from transaction signing. #Bitcoin

Dad: Son, I just got my Coldcard hardware wallet today. The bag is really special. Pretty sure it has more security feature than a banknote. Son: Hi Dad, Not sure about that one. ;-) But yes, the device seems well protected. However, I recommend you download the latest firmware from Coinkite, check it and install it on your Coldcard manually. And also inspect the device visually, and verify the bag number. Dad: Son, why all the effort, it is "just a calculator". Son: Haha. Anyway, I will send you a tutorial later. #Bitcoin

Dad: Son, when will today's buyers sell? Son: Hi Dad, Most coins bought today will never be sold again. Dad: Who buys these Bitcoins? Companies? Son: Today's buyers are individuals and professionals with long-term vision and staying power. These bitcoins disappear into deep cold storage. Dad: Son, what are your plans? Son: Always buy, never sell. It would be so simple, Dad. #Bitcoin

Dad: Son, is bitcoin for individuals only? Son: Hi Dad, No, not at all! Bitcoin is not only for individuals. Publicly traded companies own bitcoin too. Dad: Can you name a few? Son: Visit https://bitcointreasuries.net and find out for yourself. Dad: Impressive. These companies hold huge amounts! Son: It's just the beginning. More will follow, imagine what happens then. Oh, and did you notice that countries are on that list as well? #Bitcoin