Andrej Karpathy is curious about micropayments \ stacker news ~builders

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The internet revenue models were still nonexistent in the late 90's, but Kelly saw something that described this perfectly. 👌

"Wealth in this new regime flows directly from innovation, not optimization; that is, wealth is not gained by perfecting the known, but by imperfectly seizing the unknown." - Kevin Kelly

0 sats \ 0 replies \ @bounty_hunter OP 28 Aug

Love the quote, but how does that apply to a world of networked actors dealing in microtransactions?

53 sats \ 2 replies \ @BallLightning 28 Aug

Lightning payments also have fixed cost per transaction. Each payment has a base fee. Currently in my experience it is often zero or close to zero, but do you think this will persist? Is there incentive for nodes to route payments for (almost) free?

0 sats \ 1 reply \ @BlokchainB 28 Aug

Nah I think fees will rise for more speed and reliability

49 sats \ 0 replies \ @028559d218 21 Oct

I think fees are competitive. In a world where more competition exists to route fees and payments... fees would go down or at least be disinflationary

20 sats \ 0 replies \ @jp305 28 Aug

https://xcancel.com/karpathy/status/1828530326613958965#m

10 sats \ 1 reply \ @Diego 28 Aug

I’d love to see experiments with ‘zap to unlock article’ instead of a paywall/subscription model.

0 sats \ 0 replies \ @028559d218 21 Oct

me too

20 sats \ 2 replies \ @tolot 28 Aug

Andrej gets bitcoin, he did a whole barebone implementation of Core in python years ago, if I remember correctly

0 sats \ 1 reply \ @bounty_hunter OP 28 Aug

You know your technology really made it when Andrej rebuilds it in 48 hours on livestream.

0 sats \ 0 replies \ @tolot 28 Aug

Uh, I only knew about the repo. Is there a video livestream out there? Can you link it?

10 sats \ 0 replies \ @SatsMate 28 Aug

I definitely think GDP would go up if fixed costs were driven down, but I don't think it would be a huge upward driver of GDP.

10 sats \ 2 replies \ @siggy47 27 Aug

Bitcoin over LN may be the currency of AI

43 sats \ 1 reply \ @bounty_hunter OP 28 Aug

AI's competing in the mempool solve bitcoin's security budget?

10 sats \ 0 replies \ @siggy47 28 Aug

Good question

10 sats \ 2 replies \ @BlokchainB 28 Aug

Not to be ignorant but who is this guy

165 sats \ 1 reply \ @bounty_hunter OP 28 Aug

Top5 ML/AI dev.

Head of Tesla Self-driving, core-OpenAI eng manager, most respected public educator, kind of like Andreas Antonopoulos for bitcoin.

0 sats \ 0 replies \ @BlokchainB 28 Aug

Ahhh thanks

10 sats \ 0 replies \ @cyberduck00 28 Aug freebie

It is the same with people whom are putting measly amount of gold in escrow or safekeeping. They spend more for securing their gold as against the amount of gold in their name.