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

Dad: Son, is it possible to send funds from a Bitcoin address to itself, I mean to the same address? Son: Hi Dad, Yes, "address reuse" is possible, but should be avoided as it unnecessarily reveals common authorship of transactions. Repeat after me: "Address reuse is privacy abuse." #Bitcoin

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

Dad: Son, why is relaying unconfirmed transactions from one Bitcoin node to others necessary? Son: Hi Dad, Nodes relay unconfirmed transactions they hear about to one another, and every node has its own, more or less synchronized, mempool. If there was no mempool, there would be no way for miners to learn about unconfirmed transactions to include in blocks to begin with. Dad: Why not send directly to the miners? Son: It's important to think about each party's incentives and needs. Relaying transactions is not a waste, even if a node is not mining. Learning about unconfirmed transactions has value, for example while waiting for a payment. #Bitcoin

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

Son: Dad, today our youngest told me that he is considering a career in organized crime. Dad: Son, what did you say? Son: "Government or private sector?" #Bitcoin

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

Son: Dad, Bitcoin is like Bamboo. Dad: Son, what? Why should Bitcoin be like bamboo? Son: Bamboo grows underground, unseen, for a few years with nothing valuable to offer the world. The whole time was a period of preparation. Growth in solitude. Once matured, in two months or so it grows upwards of 90 feet, towering over everything around it. Okay, not "a few years with nothing valuable", but still Bitcoin is like bamboo. Dad: That is a great analogy. It is also interesting to mention that bamboo that bends is stronger than the oak that resists. #Bitcoin

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

Dad: Son, I believe that Bitcoins will soon become the most valuable thing ever created. Son: Hi Dad, Bitcoin was discovered, not invented. When you grasp this, your perspective on the multiverse undergoes a total transformation. Dad: Okay. However, I cannot wait for SAT/USD parity. Son: It's not "if", but "when". Until then, sats are the standard!! #Bitcoin

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

Dad: Son, tell me something interesting about BIP39. Son: Hi Dad, With pleasure. So, did you know that BIP39 is still a proposal, yet everyone is using it? Dad: So its status is de facto "Final"? Son: Yeah, you could say so. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 2d

Dad: Son, do you have a list of decentralized altcoins to invest in? Son: Hi Dad, Sure, these are the top 3 decentralized shitcoins: 1. _______________________________ 2. _______________________________ 3. _______________________________ Dad: Son, okay, I got it... No altcoins. Bitcoin has become so expensive. Son: Dad, get some sats instead. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 2d

Dad: Son, imagine being hahahahahahahahaahahahahahahahahahahahahahahahahahahaahaha hahahahahahahahahahahahahahahahahaahaha haaaahahahahahahahahahahahahahahaha haha. Son: Dad? Dad: Hahahahahahahahahahahahahahahahahaahaha Hahahahahahahahahahahahahahahahahaahaha Son: Dad?! Dad: Imagine being invested in treasury bonds! Son: Hahahahahahaha.... I'm laughing my head off. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 2d

Son: Dad, FUD (Fear, Uncertainty and Doubt) does not help on your Bitcoin HODL journey. 99.99 percent of the news is irrelevant and makes you feel bad at the end of the day. Yet, you watch it anyway, Dad. Every single day. Dad: Son, you are not going to sell your sats and watch the BTC price anyway. Every single hour, 100 times a day. Son: Touché. #Bitcoin

TEACH ME BITCOIN, SON.
TEACH ME BITCOIN, SON. 2d

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

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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