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A from-scratch tour of Bitcoin in Python

karpathy.github.io

91–100 of 293 posts

Re: A from-scratch tour of Bitcoin in Python

#91
post #24

I'm amazed that he has time for this kind of hobby work.

Probably helps his boss is the "tecnoking" and cfo is the "master of coin".

Agreed though - impressive he has that kind of sidebar time or is so capable he doesn't need that much time to figure it out.

Re: A from-scratch tour of Bitcoin in Python

#92
post #65
post #61

"...Bitcoin is a living, breathing, developing code base that is moving forward with new features to continue to scale..." There is exactly zero progress to make it scale in the last 10+ years.

> There is exactly zero progress to make it scale in the last 10+ years. Lol, literally this week: https://taproot.watch/

[deleted]

Re: A from-scratch tour of Bitcoin in Python

#93
post #82

Earlier quoted context omitted.

It launched, is usable in most wallets, and is starting to get adoption. It's going to be a key piece of the recently passed legislation in El Salvador which makes Bitcoin legal tender.

Using a closed, centralized implementation that doesn't accept third party nodes. The use of bitcoin is pure marketing, it's just MySQL with extra steps.

Source?

Re: A from-scratch tour of Bitcoin in Python

#94
post #82

Earlier quoted context omitted.

It launched, is usable in most wallets, and is starting to get adoption. It's going to be a key piece of the recently passed legislation in El Salvador which makes Bitcoin legal tender.

Using a closed, centralized implementation that doesn't accept third party nodes. The use of bitcoin is pure marketing, it's just MySQL with extra steps.

Wait, it does not allow third party nodes? What is my Raspberry Pi right next to me doing? Just pretending to be a Lightning Node?

Re: A from-scratch tour of Bitcoin in Python

#96
post #82

Earlier quoted context omitted.

Using a closed, centralized implementation that doesn't accept third party nodes. The use of bitcoin is pure marketing, it's just MySQL with extra steps.

Wait, it does not allow third party nodes? What is my Raspberry Pi right next to me doing? Just pretending to be a Lightning Node?

Parent is referring to El Salvador's proposed usage, not the wider lightning network.

Re: A from-scratch tour of Bitcoin in Python

#97
post #93
post #82

Earlier quoted context omitted.

Using a closed, centralized implementation that doesn't accept third party nodes. The use of bitcoin is pure marketing, it's just MySQL with extra steps.

Source?

They will be using Strike, which is a custodial wallet.

Re: A from-scratch tour of Bitcoin in Python

#98
post #71

Earlier quoted context omitted.

What happened to the lightning network? (Serious question, I am out of the loop.)

It exists, and it very much works [0] but it has yet to reach the massive levels of adoption people would have expected by now. Simple as that. [0] https://1ml.com/

Afaik it is still considered #reckless to put bigger amounts on your lightning node and at least the "lnd" implementation seems to be in "beta" (according to their Github releases). Idk about the roadmap for a solid, production ready version is. But in this case safe seems to be better than sorry

Re: A from-scratch tour of Bitcoin in Python

#99
post #65
post #61

"...Bitcoin is a living, breathing, developing code base that is moving forward with new features to continue to scale..." There is exactly zero progress to make it scale in the last 10+ years.

> There is exactly zero progress to make it scale in the last 10+ years. Lol, literally this week: https://taproot.watch/

Segwit was also supposed to scale Bitcoin, and it turns out it was a massively inefficient solution, which took years to even reach it's lackluster potential.

Taproot will in practice have an even smaller impact, as it only affects special transactions that normal people won't use.

So yeah, it's not zero progress, but it's certainly not much.

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