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
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
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
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, how long does it take to pay using Lightning? Son: Hi Dad, A LN payment takes only a fraction of a second. Dad: Wrong! Although payments take only a couple of seconds, you usually need at least two minutes to discuss with the counterparty how fucking awesome the Lightning Network is. Budget your time accordingly, son! Son: LOL. Thanks for your advice, Dad. :-D #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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